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eBooks - Portugal

Portugal

In Portugal, revenue in the eBooks market is projected to reach €54.54m in 2024.
The revenue is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 0.15%, resulting in a projected market volume of €54.94m by 2029.
By 2029, the number of readers in the eBooks market in Portugal is anticipated to amount to 0.8m users.
User penetration is expected to be 8.1% in 2024 and is projected to increase to 8.4% by 2029.
The average revenue per user (ARPU) in Portugal is expected to amount to €65.54.
In a global context, the most revenue will be generated the United States, with €4,897.00m in 2024.
In the year 2023, a share of 0.0% of users is in the 0.0% group in Portugal.
In the year 2023, a share of 0.0% of users is 0.0% in Portugal.
In Portugal, the growing popularity of eBooks reflects a shift towards digital reading, driven by increasing smartphone usage and a vibrant online literary community.

Key regions: China, Japan, France, Asia, India

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Analyst Opinion

The eBooks market in Portugal has seen significant growth in recent years, driven by changing customer preferences, technological advancements, and favorable macroeconomic factors.

Customer preferences: Portuguese customers have shown a growing preference for eBooks due to their convenience and accessibility. With the widespread use of smartphones and tablets, readers can easily access and download eBooks anytime and anywhere. The increasing adoption of digital reading devices has also contributed to the popularity of eBooks, as readers can store and carry thousands of books in a single device. Additionally, eBooks often offer interactive features and multimedia content, enhancing the reading experience for customers.

Trends in the market: One of the key trends in the eBooks market in Portugal is the rise of subscription-based models. Many readers are opting for subscription services that provide access to a vast library of eBooks for a monthly fee. This model offers customers a cost-effective way to access a wide range of titles and genres, encouraging them to explore new authors and genres. Furthermore, subscription services often provide personalized recommendations based on readers' preferences, enhancing the overall reading experience. Another trend in the market is the increasing popularity of self-publishing. Advances in digital publishing technology have made it easier for authors to self-publish their works as eBooks. This has led to a proliferation of independent authors and a diversification of content available in the market. Self-published eBooks often cater to niche audiences and offer unique perspectives, attracting readers who are looking for fresh and unconventional storytelling.

Local special circumstances: Portugal has a rich literary tradition and a strong reading culture. The country has produced renowned authors and has a high literacy rate. This cultural context has created a receptive market for eBooks, as readers are open to embracing digital reading platforms while still valuing the written word. Additionally, the Portuguese language is widely spoken, making the country an attractive market for publishers and authors looking to expand their reach.

Underlying macroeconomic factors: The growing eBooks market in Portugal is also influenced by favorable macroeconomic factors. The country has a stable economy and a high level of internet penetration, providing a conducive environment for the digital publishing industry to thrive. Furthermore, Portugal has a relatively high level of disposable income, allowing consumers to invest in digital reading devices and eBooks. In conclusion, the eBooks market in Portugal is experiencing significant growth due to changing customer preferences, technological advancements, and favorable macroeconomic factors. Customers are increasingly opting for eBooks due to their convenience and accessibility, while subscription-based models and self-publishing are emerging trends in the market. Portugal's rich literary tradition, strong reading culture, and favorable macroeconomic factors further contribute to the growth of the eBooks market in the country.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the Books market, which covers paid publications in printed form and in the form of digital replicas (eBooks). Revenues from the consumer (of general interest), academic (for educational purposes), and professional (on specialized topics) markets are included here. All monetary figures refer to consumer spending on digital goods or subscriptions in the respective market. This spending factors in discounts, margins, and taxes.

Modeling approach / market size:

The market size is determined through a bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., Consumer Insights), as well as performance factors (e.g., user penetration, price per product, usage) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as various macroeconomic indicators, historical developments, current trends, and reported performance indicators of key market players. In particular, we consider average prices and annual purchase frequencies.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Consumer Insights data is reweighted for representativeness.