LAMEA Audiobooks Market Size, Share & Industry Trends Analysis Report By Preferred Device, By Target Audience (Adults and Kids), By Distribution Channel, By Genre (Fiction and Non-Fiction), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Audiobooks Market would witness market growth of 30.7% CAGR during the forecast period (2022-2028).
While some people enjoy listening to audio before going to bed, most prefer to do it during their daily commute. Unless consumers have unlimited mobile data access, streaming audio files will be reflected on their phone bill. Streaming is the process of downloading something while listening to it.
Streaming audio content has the advantage of not requiring storage space on a smartphone or tablet. Streaming is the solution if consumers are continually deleting apps and photos to make room for more content. Users may stream Audible premium audiobooks via Audiobooks.com or their computer. Alternatively, streaming is only beneficial if listeners have reliable 4G coverage.
Even 500 MB is typical for an audiobook's file size. Therefore, most users prefer to download podcasts over WiFi for mobile listening. While downloaded books are not kind to the phone's memory, customers are not required to keep them forever. Providers of audiobooks provide a "cloud library" for easy access to favorite books. The same applies to ebooks.
The United Arab Emirates has made substantial investments in initiatives for smart cities, to construct smart cities from scratch and improve the infrastructure of existing towns. Since October 2013, Dubai's authorities have endeavored to develop the city into a "smart city" with advances in six major areas: transportation, communications, infrastructure, power, economic services, and urban planning. The Digital Dubai Authority was created to help the citywide goal to make Dubai the smartest and happiest city in the world.
The Brazil market dominated the LAMEA Audiobooks Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $317.2 million by 2028.The Argentina market is experiencing a CAGR of 31.4% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 30.4% during (2022 - 2028).
Based on Preferred Device, the market is segmented into Smartphones, Laptops & Tablets, Personal Digital Assistants and Others. Based on Target Audience, the market is segmented into Adults and Kids. Based on Distribution Channel, the market is segmented into One-time Download and Subscription-Based. Based on Genre, the market is segmented into Fiction and Non-Fiction. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Audiobooks Market is Predict to reach $19.7 Billion by 2028, at a CAGR of 26%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Apple, Inc., Amazon.com, Inc., Google LLC, Storytel AB (Massolit Media AB), Downpour (Blackstone Audio, Inc), Softonic International S.A., W.F. Howes Ltd. (RBmedia) (KKR & Co. Inc.), Scribd, Inc., Barnes & Noble, Inc. (Elliott Management Corporation), and Rakuten Kobo, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Preferred Device
- Laptops & Tablets
- Personal Digital Assistants
By Target Audience
By Distribution Channel
- One-time Download
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Apple, Inc.
- Amazon.com, Inc.
- Google LLC
- Storytel AB (Massolit Media AB)
- Downpour (Blackstone Audio, Inc)
- Softonic International S.A.
- W. F. Howes Ltd. (RBmedia) (KKR & Co. Inc.)
- Scribd, Inc.
- Barnes & Noble, Inc. (Elliott Management Corporation)
- Rakuten Kobo, Inc.
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