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eBooks - Chile

Chile
  • In Chile, revenue in the eBooks market is projected to reach US$3.97m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.39%, resulting in a projected market volume of US$4.05m by 2029.
  • In the eBooks market in Chile, the number of readers is expected to amount to 2.1m users by 2029.
  • User penetration will be 10.2% in 2024 and is expected to hit 10.4% by 2029.
  • The average revenue per user (ARPU) is expected to amount to US$1.98.
  • In global comparison, most revenue will be generated the United States (US$5.34bn in 2024).
  • In the year 2023, a share of 44.0% of users is in the 44.0% group.
  • In the year 2023, a share of 44.0% of users is 44.0%.
  • In Chile, the eBook market is experiencing a surge in popularity, reflecting a growing preference for digital reading among younger generations.

Definition:

eBooks, short for electronic books, refer to digital versions of printed books that are readable on electronic devices such as e-readers, smartphones, tablets, and computers. They offer readers the convenience of accessing and reading a wide range of literature and educational materials digitally, often featuring interactive elements and the ability to adjust font size and style for personalized reading experiences.

Additional Information:

The market comprises revenues, readers, average revenue per user, and penetration rates. Revenues are generated through purchases and subscriptions. Key players in the market are companies, such as Amazon Kindle Store, Apple Books, and Rakuten Kobo.

In-Scope

  • Paid downloads of the digital such as electronic version of a book

Out-Of-Scope

  • Any digital versions other than eBooks such as ePapers, or eMagazines
  • Printed books
Books: market data & analysis - Cover

Market Insights report

Books: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Analyst Opinion

    The eBooks market in Chile has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances.

    Customer preferences:
    Customers in Chile are increasingly turning to eBooks as a convenient and cost-effective alternative to traditional printed books. The rise of digital devices, such as smartphones and e-readers, has made it easier for people to access and read eBooks on the go. Additionally, the ability to store and carry thousands of books in a single device has made eBooks a popular choice among avid readers. Furthermore, the availability of a wide range of genres and titles in the eBook format has attracted readers from different age groups and interests.

    Trends in the market:
    One of the key trends in the eBooks market in Chile is the growing popularity of self-published eBooks. With the rise of digital platforms and online publishing tools, aspiring authors can now easily publish and distribute their own works without the need for traditional publishing houses. This has led to a diverse and vibrant eBook market, with a wide variety of genres and niche topics available to readers. Another trend in the market is the increasing adoption of eBooks in educational institutions. Schools and universities in Chile are recognizing the benefits of digital textbooks, such as lower costs, interactive features, and the ability to update content easily. As a result, more educational institutions are incorporating eBooks into their curriculum, leading to a higher demand for digital educational materials.

    Local special circumstances:
    Chile has a high literacy rate and a strong reading culture, which has contributed to the growth of the eBooks market. The country has a well-established network of public libraries and bookstores, providing easy access to printed books. However, the limited availability of certain titles and the high cost of imported books have made eBooks an attractive alternative for readers in Chile. Additionally, the relatively high penetration of internet and smartphone usage in the country has facilitated the adoption of eBooks.

    Underlying macroeconomic factors:
    The development of the eBooks market in Chile is also influenced by underlying macroeconomic factors. The country has experienced steady economic growth in recent years, which has increased disposable income and consumer spending power. As a result, more people are able to afford digital devices and eBooks. Furthermore, the government has implemented policies to promote digital literacy and access to information, further supporting the growth of the eBooks market. In conclusion, the eBooks market in Chile is witnessing growth due to changing customer preferences, including the convenience and cost-effectiveness of eBooks, as well as the increasing adoption of digital textbooks in educational institutions. Local special circumstances, such as the high literacy rate and strong reading culture, along with underlying macroeconomic factors, such as economic growth and government support, have also contributed to the development of the market.

    Users

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Demographics

    Most recent update: Mar 2024

    Sources: Statista Market Insights, Statista Consumer Insights Global

    Key Players

    Most recent update: Mar 2024

    Source: Statista Company Insights

    Global Comparison

    Most recent update: Nov 2024

    Source: Statista Market Insights

    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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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