eBooks - Australia & Oceania

Australia & Oceania

Highlights

In Australia & Oceania, revenue in the eBooks market is projected to reach US$258.10m in 2024.
Revenue is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 0.36%, resulting in a projected market volume of US$262.70m by 2029.
The number of readers in the eBooks market in Australia & Oceania is anticipated to amount to 5.5m users by 2029.
User penetration in this region will be 11.3% in 2024 and is expected to rise to 11.9% by 2029.
The average revenue per user (ARPU) in Australia & Oceania is expected to amount to US$52.56.
In a global context, the most revenue will be generated the United States, which is expected to reach US$5.34bn in 2024.
In Australia, the eBook market is increasingly characterized by a growing preference for local authors, reflecting a shift towards culturally relevant content in digital media.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The eBooks market in Australia & Oceania has been experiencing significant growth in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors have all contributed to this development.

Customer preferences: In Australia & Oceania, there is a growing preference for digital content consumption, including eBooks. The convenience and accessibility of eBooks have made them increasingly popular among readers. The ability to carry an entire library on a single device and access books anytime, anywhere has appealed to a wide range of customers. Additionally, the affordability of eBooks compared to physical books has made them an attractive option for budget-conscious readers.

Trends in the market: One of the key trends in the eBooks market in Australia & Oceania is the rise of self-publishing. With the advent of digital platforms and online marketplaces, authors now have the opportunity to publish their own eBooks without the need for traditional publishing houses. This trend has led to a significant increase in the number of eBooks available in the market, offering readers a wider selection of titles across various genres. Another trend in the market is the growth of subscription-based eBook services. These services allow readers to access a vast library of eBooks for a monthly fee. This model has gained popularity due to its affordability and the ability to discover new authors and genres. Subscription services also provide a steady source of income for authors, encouraging them to produce more content.

Local special circumstances: Australia & Oceania is a geographically dispersed region with a diverse population. The vast distances between countries and islands make physical book distribution challenging and costly. This has led to a greater reliance on digital content, including eBooks, as a means of accessing literature. The availability of eBooks has helped overcome the logistical barriers of traditional book distribution in the region.

Underlying macroeconomic factors: The high smartphone and internet penetration rates in Australia & Oceania have played a significant role in the growth of the eBooks market. The widespread use of smartphones and the increasing availability of affordable internet access have made it easier for people to access and read eBooks. Additionally, the region's relatively high literacy rates and the importance placed on education have created a demand for eBooks as a learning resource. Overall, the eBooks market in Australia & Oceania is developing due to customer preferences for digital content, the rise of self-publishing, the growth of subscription-based services, the unique circumstances of the region, and underlying macroeconomic factors such as smartphone and internet penetration rates. As these factors continue to evolve, the eBooks market is expected to further expand and provide readers with a diverse range of digital reading options.

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.