Books & Reference - Caribbean
Caribbean- The Books & Reference market in the Caribbean is expected to generate a total revenue of US$2.72m in 2022.
- This market segment is projected to experience an annual growth rate of 13.39% (CAGR 2022-2027), resulting in a market volume of US$5.32m by 2027.
- Within the Books & Reference market, revenue from in-app purchases (IAP) is projected to reach US$521.90k in 2022.
- Additionally, revenue from paid apps is expected to reach US$75.61k in the same year.
- Advertising revenue in this market segment is projected to reach US$2.12m in 2022.
- Furthermore, the number of downloads in the Books & Reference market is projected to reach 5.00m downloads in 2022.
- Currently, the average revenue per download is estimated to be US$0.54.
- When compared globally, it is noteworthy that China generates the highest revenue in the Books & Reference market, with an estimated amount of US$3.06bn in 2022.
- Key regions:
- Germany,
- United States,
- China,
- India,
- South Korea
Definition:
The Books & Reference market contains apps that allow users to access books and reference works on their mobile phones. Most of these books and references are also available as printed works but are more affordable and convenient to access as digital publications. An example within this market is the Amazon Kindle app, which makes it possible to read Kindle eBooks on mobile devices. Another example is the Audible app, which lets users connect to their Audible accounts and listen to audiobooks while on the go.Additional Information:
We consider three different sources of revenue:- Revenue from in-app purchases (IAP) that comes from the purchase of features, upgrades, and subscriptions within an app
- Paid app revenue from the one-time purchase of an app
- Advertising revenue obtained from showing ads within an app
In-Scope
- Apps that can be downloaded from major app stores such as Apple, Inc.'s App Store and the Google Play store, or in the case of China, from stores such as Huawei AppGallery and Tencent Appstore.
- Apps that are run on iPhones and Android phones.
Out-Of-Scope
- Apps exclusively offered by Microsoft Store and Amazon Appstore for Android.
- Custom-made apps not available from any official app store.
- B2B/C2C app sales of any kind.
- Subscription revenues outside of in-app purchases (for example, Netflix and Spotify use their own payment systems outside of their apps).
