eBooks - Ethiopia | Statista Market Forecast

eBooks - Ethiopia

Ethiopia

Highlights

In Ethiopia, revenue in the eBooks market is projected to reach US$15.10m in 2024.
This revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.72%, leading to a projected market volume of US$20.91m by 2029.
Additionally, the number of eBook readers in Ethiopia is expected to amount to 16.3m users by 2029.
User penetration in the eBooks market will be 9.1% in 2024, with an expectation to increase to 11.2% by 2029.
The average revenue per user (ARPU) in Ethiopia is anticipated to amount to US$1.28.
In a global context, the majority of revenue will be generated the United States, which is projected to reach US$5.34bn in 2024.
In Ethiopia, the growing interest in eBooks reflects a shift towards digital literacy, enhancing access to diverse literary and educational resources.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The eBooks market in Ethiopia is experiencing significant growth and development due to several factors. Customer preferences are shifting towards digital content, and the availability of affordable smartphones and internet access is driving the adoption of eBooks. Additionally, local special circumstances such as a growing young population and an increasing emphasis on education are contributing to the expansion of the eBooks market.

Customer preferences: Customers in Ethiopia are increasingly turning to eBooks as a convenient and cost-effective way to access and consume content. The rise of smartphones and the availability of affordable internet access have made it easier for people to download and read eBooks on their devices. This shift in customer preferences is driven by the desire for convenience, as eBooks can be easily accessed and read anytime, anywhere. Additionally, eBooks often come at a lower price compared to physical books, making them an attractive option for budget-conscious customers.

Trends in the market: One of the key trends in the eBooks market in Ethiopia is the growth of digital publishing platforms. These platforms provide a wide range of eBooks across different genres and cater to the diverse interests of customers. This trend is driven by the increasing number of local authors and publishers who are embracing digital publishing as a way to reach a larger audience. As a result, the market is witnessing a proliferation of eBooks in both local and international languages. Another trend in the market is the rise of educational eBooks. Ethiopia has a young population, and there is a growing emphasis on education in the country. Educational eBooks provide a convenient and interactive way for students to access learning materials, and they are increasingly being incorporated into the curriculum. This trend is supported by the government's efforts to promote digital education and improve access to educational resources.

Local special circumstances: Ethiopia's young population is a key factor driving the growth of the eBooks market. With a large percentage of the population being under the age of 30, there is a significant demand for digital content among the youth. This demographic is tech-savvy and more likely to embrace digital technologies, including eBooks. Furthermore, the government's focus on education and literacy is creating a conducive environment for the expansion of the eBooks market. The government has implemented various initiatives to improve access to education, including the distribution of tablets to students and the development of digital libraries. These efforts are aimed at increasing literacy rates and promoting a culture of reading among the population.

Underlying macroeconomic factors: The growth of the eBooks market in Ethiopia is also influenced by macroeconomic factors. The country has been experiencing steady economic growth, which has led to an increase in disposable income. As a result, more people are able to afford smartphones and internet access, making it easier for them to access and download eBooks. Additionally, the government's investment in infrastructure development, particularly in the telecommunications sector, has improved internet connectivity across the country. This has further facilitated the adoption of eBooks by making it easier for customers to access digital content. In conclusion, the eBooks market in Ethiopia is witnessing significant growth and development due to customer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards digital content, the availability of affordable smartphones and internet access, the emphasis on education, and the young population are all contributing to the expansion of the market. As these trends continue to evolve, the eBooks market in Ethiopia is expected to further thrive in the coming years.

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.