eBooks - Singapore

  • Singapore
  • The eBooks market in Singapore is predicted to experience significant growth in the coming years.
  • By 2024, revenue in this market is projected to reach €36.67m.
  • This indicates a positive trend, with an expected annual growth rate (CAGR 2024-2027) of 0.81%.
  • As a result, the market volume is projected to increase to €37.57m by 2027.
  • In terms of readership, the number of eBook readers in Singapore is expected to reach 0.7m users by 2027.
  • This demonstrates a growing interest in digital reading among the population.
  • Furthermore, user penetration is anticipated to rise from 10.8% in 2024 to 10.9% by 2027.
  • The average revenue per user (ARPU) is projected to be €56.48.
  • This figure provides insight into the amount of revenue generated by each eBook user in Singapore.
  • When comparing global markets, United States is expected to generate the highest revenue in the eBooks market.
  • In 2024, revenue United States is projected to reach €4,948.00m.
  • This highlights the dominance of the US market in terms of revenue generation.
  • Overall, the eBooks market in Singapore is set to experience growth in the coming years, with increasing revenue, readership, and user penetration.
  • These trends align with the global shift towards digital reading and highlight the potential for further expansion in the market segment.
  • In Singapore, the eBook market is thriving with a high demand for digital reading materials among tech-savvy readers.

Key regions: United States, France, China, Asia, Europe

 
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Comparación de regiones
 
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Analyst Opinion

In comparison to physical books, eBooks are often sold for quite high prices, and consumers do not actually benefit from the cost reduction that comes from low printing and distribution expenses. This circumstance curbs the eBooks market’s growth potential heavily, although the general adaption among consumers is still consistently growing.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the ePublishing market. ePublishing is defined as paid editorial/written content distributed over the internet, including eBooks (fiction, non-fiction, and academic publications), digital editions (replicas) of consumer and trade/business magazines (eMagazines), as well as daily or weekly newspapers (ePapers). 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., the Statista Global Consumer Survey), 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). GCS data is reweighted for representativeness.

Visión general

  • Revenue
  • Analyst Opinion
  • Users
  • Demographics
  • Global Comparison
  • Key Players
  • Methodology
  • Key Market Indicators
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