Skipping ahead: Heightened internet usage and reduced leisure time will drive growth
Audiobook Publishing In recent years, the Audiobook Publishing industry has slowed, but not before benefiting significantly from rising digital sales, as consumers were quick to adopt new technologies and new mediums. The growing acceptance of broadband internet-connected mobile devices has allowed for subscription services to permeate the publishing industry; this has, in turn, enabled consumers to purchase industry products instantly and conveniently.
Over the five years to 2022, stagnant leisure time will support revenue growth as audiobooks are a more passive activity than reading and can be consumed while completing other activities.
Conversely, the rate of product penetration is slowing, which will bring growth down from double-digit increases as it becomes harder for operators to find new customers. Establishments in this industry primarily edit and design audiobooks. Additionally, industry operators engage in marketing activities and handle distribution agreements with wholesalers, brick-and-mortar and online stores. This industry excludes work completed by authors or disk manufacturers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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