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Audio Books Market to Hit US$ 40.04 Bn in 2030 | Driven by rising Smartphones, Laptops and Tablets report by IMR

Audio Books Market Size Was Valued at USD 6.59 Billion in 2023, and is Projected to Reach USD 40.04 Billion by 2030, Growing at a CAGR of 25.3% From 2023-2030.

Audio books, also known as audiobooks or spoken-word recordings, offer an alternative format for consuming literature and information, allowing listeners to enjoy books through audio narration delivered via digital audio files, CDs, streaming platforms, or podcast apps. The audio books market serves a diverse audience of readers, including book enthusiasts, commuters, visually impaired individuals, language learners, and people seeking convenient and immersive literary experiences. the proliferation of smartphones and portable devices, the rise of streaming platforms and subscription services, and changing consumer preferences for on-the-go and multitasking-friendly entertainment options. Audio books offer several advantages over traditional print books, including accessibility, convenience, portability, and the ability to listen hands-free while engaging in other activities such as driving, exercising, or housework.

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9 months ago

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