NEW
YORK, June 26, 2024 /PRNewswire/ -- The global
E-textbook rental market size is estimated to grow by
USD 924.7 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 27.11% during the forecast
period. Cost-effective pricing model is driving market
growth, with a trend towards rising integration of software with
digital textbooks. However, increasing threat from open-source
content poses a challenge. Key market players include Alibris
Inc., Alphabet Inc., Amazon.com Inc., Barnes and Noble Booksellers
Inc., BibliU Ltd., BIGGER Words Inc., Bloomsbury Publishing Plc,
Bookfinder.com, BookLender.com, Chegg Inc., eCampus.com, Follett
Corp., Georg von Holtzbrinck GmbH and Co. KG, John Wiley and Sons
Inc., Rakuten Group Inc., Scribd Inc., TextbookRush, and
VitalSource Technologies LLC.
Get a detailed analysis on regions, market segments, customer
landscape, and companies - Click for the snapshot of this
report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Academic and
Non-academic), Revenue Stream (Subscription services and
Pay-as-you-go-model), and Geography (North America, Europe, APAC,
South America, and Middle East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Alibris Inc., Alphabet
Inc., Amazon.com Inc., Barnes and Noble Booksellers Inc., BibliU
Ltd., BIGGER Words Inc., Bloomsbury Publishing Plc, Bookfinder.com,
BookLender.com, Chegg Inc., eCampus.com, Follett Corp., Georg von
Holtzbrinck GmbH and Co. KG, John Wiley and Sons Inc., Rakuten
Group Inc., Scribd Inc., TextbookRush, and VitalSource Technologies
LLC
|
Key Market Trends Fueling Growth
Digital textbook vendors are enhancing the learning experience
by incorporating additional features. Inkling, a digital publisher,
introduced social aspects, enabling students to rate, review, and
share notes. Other software integrations, such as videos, 3-D
images, and built-in tests, make e-textbooks user-friendly and
effective. These advancements are expected to boost the global
e-textbook rental market significantly.
The e-textbook rental market is experiencing significant growth
with technology and convenience being key drivers. Students and
professionals prefer digital textbooks due to their accessibility
and affordability. The use of technology in education has led to
the rise of e-learning platforms that offer textbook rentals. These
platforms provide a wide range of textbooks from various
disciplines and allow users to easily search, compare prices, and
rent textbooks online. The trend towards remote learning and
flexible education has further boosted the demand for e-textbook
rentals. Additionally, the availability of e-books in various
formats, such as PDF and EPUB, caters to different user
preferences. Overall, the e-textbook rental market is an evolving
industry that offers numerous benefits to students and
professionals alike.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The e-textbook rental market is facing challenges due to the
proliferation of free online instruction materials and resources.
With the growth of digital infrastructure, many vendors offer
e-textbooks at low prices or even for free. Open educational
repositories are increasingly popular among cost-conscious
learners, threatening the market growth. Free scientific and
technical publishing, as well as affordable open-source materials,
further reduce the demand for paid subscriptions. These trends are
expected to significantly impact the e-textbook rental market
during the forecast period.
- The e-textbook rental market is a growing business sector,
offering students affordable access to digital textbooks. However,
several challenges exist in this industry. Procurement of
e-textbooks in large quantities can be difficult and costly for
companies. The digital nature of the product makes piracy a
concern, requiring robust protection measures. Additionally, the
need for technology infrastructure and maintenance adds to the
operational costs. Differences in data formats and compatibility
issues can also hinder the smooth exchange of digital textbooks
between renters and providers. Furthermore, the competition is
intense, with many players vying for market share. To succeed,
companies must offer competitive pricing, excellent customer
service, and a user-friendly platform.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This e-textbook rental market report extensively covers market
segmentation by
- End-user
- 1.1 Academic
- 1.2 Non-academic
- Revenue Stream
- 2.1 Subscription services
- 2.2 Pay-as-you-go-model
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Academic- The e-textbook rental market is a
growing business sector, providing students with affordable access
to digital textbooks. It allows students to rent textbooks for a
specified period, reducing the upfront cost of education. This
market is driven by the increasing popularity of e-learning and the
convenience it offers. Students can access their textbooks from
anywhere, at any time, making education more flexible and
efficient. Additionally, e-textbooks are often updated more
frequently than their print counterparts, ensuring students have
access to the most current information. Overall, the e-textbook
rental market is a valuable resource for students, offering
affordability, convenience, and access to up-to-date materials.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
In the rapidly evolving world of travel documentation, the shift
from traditional paper technology to electronic solutions, such as
E-passports, is a significant development. An E-passport is a
travel document embedded with an electronic chip containing the
holder's name, characteristic information, unique identification
number, digital signature, and passenger data. This smart chip
facilitates faster immigration processes at airports and
international borders, reducing the need for manual intervention
and manpower. The digitization of passports is an essential part of
airport infrastructure modernization, enabling digital solutions
and biometric technology to streamline international travel.
However, concerns regarding data theft and the processing time for
outsourcing and private players remain. Despite these challenges,
the benefits of electronic technology in travel documents are
undeniable, offering enhanced security and convenience for
travelers.
Market Research Overview
The E-Textbook Rental Market refers to the online platform where
students can rent digital textbooks for their academic needs. This
market has gained significant traction in recent years due to the
convenience and cost-effectiveness it offers. With the increasing
popularity of e-learning, the demand for electronic textbooks has
surged. These platforms allow students to access a wide range of
textbooks from various disciplines, making education more
accessible and affordable. The rental period for these textbooks
can be customized, providing flexibility to students. Additionally,
the digital format enables students to search for specific
information quickly and easily, enhancing their learning
experience. The market also offers features like automatic renewal
and multi-device access, adding to its appeal. Overall, the
E-Textbook Rental Market is revolutionizing the way students access
educational resources, making education more accessible,
affordable, and efficient.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Revenue Stream
-
- Subscription Services
- Pay-as-you-go-model
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio