Online Book Services Market 2020 - 2027 Revenue Estimates An menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Technavio has been monitoring the e-textbook rental market and it is poised to grow by USD 402.10 million during 2021-2025, progressing at a.
Scribd reportedly planning to going public on a $1B valuation
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Document, book and audiobook subscription firm Scribd Inc. is in discussions to go public later this year, according to a report today from Bloomberg.
The report, referencing people with knowledge of the matter, said the company has held talks with potential advisers on an initial public offering or a merger with a special-purpose acquisition company. The deal would value Scribd at about $1 billion, with an IPO in the fourth quarter a possibility.
Founded in 2007, Scribd initially started as a document-sharing service and was described at one time as the “YouTube for documents.” It later evolved into a subscription service for books, audiobooks, magazine articles, documents and more. The company’s e-book subscription service is available on Android and iOS along with Kindle Fire, Nook and personal computers.
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The global e-book market (henceforth, referred to as the market studied) was valued at USD 18.13 billion in 2020, and it is expected to reach USD 23.12 billion by 2026, registering a CAGR of 4.9%, during the forecast period (2021-2026)
Technical development and sophistication of reading devices that provide a similar experience to that of reading an actual book is the key factor driving the global e-book market. The rising adoption of smartphones and multilingual features of E-books is an advantage which is expected to drive the global demand for e-books.
The easy access for a wide range of e-book libraries through application or online services are being consumed over the internet, thus emerging as low-cost alternatives to the traditional method of delivery. Services that are available for these e-books such as e-lending has also supported the adoption of e-book across the globe.