E-books market in Europe to grow at a CAGR of 4.58% during the period 2018-2022.
The latest trend gaining momentum in the market is emerging formats for publishing e-books. Publishers are offering e-books compatible with different ebook readers and devices to significantly drive the popularity of e-books. Publishing formats such as Mobi, EPUB, and KF8 are gaining preference among readers due to the high convenience offered. Also, these online book formats are user-friendly and compatible with several latest electronic devices.
According to the report, one of the major drivers for this market is growing popularity of e-readers. Due to the growth of digitization and continuous technological improvement, consumers are extensively demanding for gadgets and digital devices such as e-readers. E-readers enables the readers to access wide library of reading content. E-readers are gaining prominence in the digital books market as they allow easy portability and access to expansive online book library at an extremely light weight. Also, the reducing prices of advanced e-readers is further encouraging the buyers to purchase e-readers.