Online Book Services Global Market Report 2023 – By Products (Education, Trade, Science, Technology, Medicine), By Application (Household, Institutional), By End User (Teenagers, Adults) – Market Size, Trends, And Global Forecast 2023-2032

Book publishers refers to a person or firm that publishes books, magazines, engravings, computer software, etc. The main types of book publishers are consumer books, educational books, religious books. Consumer books are books that are sold to ordinary people. Novels, cookery, children's books, biographies, and other types of literature are offered. The different age groups include below 12 years, 13 years to 18 years, above 18 years and are distributed through various channels such as online, offline. The global book publishers market is segmented - 1) By Type: Consumer Books, Educational books, Religious Books 2) By Readers' Age Group: Below 12 Years, 13 Years to 18 Years, Above 18 Years 3) By Distribution Channel: Online, Offline Subsegments Covered: Fiction Books, Non-Fiction Books, Children and Young Adult Books The global book publishers market grew from $89.09 billion in 2022 to $91.39 billion in 2023 at a compound annual growth rate (CAGR) of 2.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The book publishers market is expected to grow to $97.84 billion in 2027 at a CAGR of 1.7%. E-books sales are growing rapidly in established markets of the USA and Europe. eBooks generated a higher share of revenues than the physical print in developed markets such as the US and UK. According to PWC, the total global book publisher revenue will increase, growing at a CAGR 1.7%, during the forecast period. Although the physical book publishers industry continues to shrink (-2.8%), this decline is offset by growth in e-books which are predicted to grow at a CAGR of 11.7% in the forecast period. Increasing consumer preference for digital versions is expected to significantly impact the growth of the market during this period. Major companies in the book publishers market include Bertelsmann SE & Co KGaA, Lagardere SCA, Grupo Planeta, News Corporation, Scholastic Corporation, Pearson plc, Vivendi SA, CBS Corporation, Thomson Reuters, and Hubert Burda Media. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on some of the book publishers markets in 2020 as businesses were disrupted due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity and restricted movement of goods and services with countries entering a state of 'lock down'. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, many media markets have been unaffected or benefited from this as they transmit their content remotely through digital channels. It is expected that the book publishers market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Print-on-demand (POD) model is becoming popular among book publishers as it allows them to control printing and inventory costs. The Print on Demand (POD) model is characterized by printing the book only after an order is secured. Due to high publishing costs, writers and publishers are preferring to keep their work in digital form. Major print-on-demand book service providers include Blurb, CreateSpace, Lightning Source, and Lulu. Amazon too aims to fully integrate the POD technology. It promises to print a book within 2 hours of the order. Self-publishers stand to gain the most due to this technology. Asia-Pacific was the largest region in the book publishers market in 2022. Middle East is expected to be the fastest growing region in the forecast period. The regions covered in the book publishers report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the book publishers market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The book publishers market consists of revenues earned by entities by offering services like design, editing, and marketing activities necessary for producing and distributing books. These establishments may publish books in print, electronic, or audio form. Their products include atlases, religious books, school or university textbooks, encyclopedias, technical manuals, maps and travel guides, in all cases excepting exclusive internet publishing). The market value includes the value of related goods sold by the service provider or included within the service offering. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The book publishers market research report is one of a series of new reports from The Business Research Company that provides book publishers market statistics, including book publishers industry global market size, book publishers market regional shares, competitors with a book publishers market share, detailed book publishers market segments, book publishers market trends and opportunities, and any further data you may need to thrive in the book publishers industry. This book publishers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Fiction refers to any kind of literature that originates from the imagination and usually has a story. The main types of fiction books are short story, novella, and novel. A novella is a short piece of fiction that is longer than a short story but shorter than a full-length novel. Fiction books are available as a physical book, e-book, audiobook for action and adventure, young adult, crime/mystery, drama, horror/paranormal/ghost, science fiction, and other genres. Fiction books are used by children, young adults, and adults. The global fiction books market is segmented - 1) By Type of Fiction: Short Story, Novella, Novel 2) By Type of Book: Physical Book, E- Book, Audio Book 3) By Genre: Action And Adventure, Young Adult, Crime/Mystery, Drama, Horror/Paranormal/Ghost, Science Fiction, Other Genres 4) By End-User: Children, Young Adults, Adults The global fiction books market size will grow from $10.48 billion in 2022 to $10.67 billion in 2023 at a compound annual growth rate (CAGR) of 1.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global fiction books is expected to grow to $11.18 billion in 2027 at a CAGR of 1.2%. The sale of books through online media is anticipated to drive the fiction books market during the forecast period. The increasing number of active internet users is providing companies with an opportunity to cater to a wide number of customers. According to a Pew Research Center survey on book consumption and book formats, 191 million e-books were sold in the United States in 2020. The preference of individuals to buy books online is majorly due to the broad choice, cost savings due to offers and discounts, and convenience of buying anytime and from any location. Therefore, online shopping of books is boosting the fiction book market. Major fiction books players in the market are Penguin Random House, Hachette Livre Group, HarperCollins Publishers, Macmillan Publishers, Simon & Schuster, Turner Publishing, Chronicle Books, and Coffee House Press. The change in the reading habits of people is expected to hamper the growth of fiction books markets. The preferences towards other entertainment means like videos, streaming platforms, gaming, and television have caused a decline in the number of people reading books and an increase in time spent on other means. For instance, in the Digital media trends survey, 14th edition, nearly 80% of people in the USA have subscribed to at least one paid online streaming video service. The statistics indicate a wider acceptance of online streaming services among individuals. Thus, online streaming channels created a low interest in reading books which further acts as a hindrance to fictional books market growth. Increasing focus on technology and new product development is a key trend in the fictional books market. The publishers and writers are continuously focusing on introducing innovations to increase sales, outreach, and to ease their writing and publishing activities. For instance, in January 2020, Marlowe, A.I. analytical software for novels, was released to help authors to improve their novel before forwarding it off for professional editing. The software aims to provide authors with refining their manuscripts and identify opportunities for their work in the market. Moreover, publishing houses and authors are releasing podcasts which are series of spoken word, audio episodes of a particular book that is expected to create an effective means of leisure and entertainment for the readers further building sales. For instance, in September 2020, Apple Books and Oprah announced the launch of Oprah’s Book Club podcast, an eight-episode series for viewers to explore Oprah’s Book Club pick and bestseller. In December 2021, Book Depot, an Ontario-based bargain book distributor, acquired American Book Company for an undisclosed amount. The acquisition is part of company’s growth strategy, and it would provide enhanced book distribution capabilities to the company. American Book Company is a US-based bargain book shop chain and book distributor. Asia-Pacific was the largest region in the fiction books market in 2022. Middle East is expected to be the fastest-growing region in the global fiction books market during the forecast period. The regions covered in the global fiction books market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the fiction books market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The fiction books market consists of revenues earned by entities by carrying out design, editing, and marketing activities necessary for producing and distributing fiction books for adults. These establishments may publish books in print, electronic, or audio form. The market value includes the value of related goods sold by the service provider or included within the service offering. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The fiction books market research report is one of a series of new reports from The Business Research Company that provides fiction books market statistics, including fiction books industry global market size, regional shares, competitors with a fiction books market share, detailed fiction books market segments, market trends and opportunities, and any further data you may need to thrive in the fiction books industry. This fiction books market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Nonfiction refers to any kind of literature that provides information or explains actual events rather than telling a story. The main types of non-fiction books are eBooks, printed books, and audiobooks. An audiobook is a spoken version of a book that has been published in electronic form. The various categories of non-fiction books include religion, travel, biography, history/law/political science, business/economics, cooking/entertainment, computers, crafts/antiques/hobbies/games, performing arts, and others that are distributed through online sales, bookstores and direct sales channel. The global non-fiction books market is segmented - 1) By Type: eBook, Printed Book, Audio book 2) By Category: Religion, Travel, Biography, History/Law/Political Science, Business/Economics, Cooking/Entertainment, Computers, Crafts/Antiques/Hobbies/Games, Performing Arts, Other Categories 3) By Distribution channel: Online sales, Bookstores, Direct Sales The global non-fiction books market size will grow from $13.99 billion in 2022 to $14.36 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global non-fiction books is expected to grow to $15.41 billion in 2027 at a CAGR of 1.8%. The adoption of an online sales platform is expected to propel the non-fiction books market growth during the forecast period. With the increasing adoption and access to internet services globally, the number of digital buyers keeps increasing every year. Online platforms create significant value by enabling communication and trade. Besides, these online platforms have modest operating costs. Bookstores are investing more in online sales channels with the onset of coronavirus and people staying indoors. Online bookstores have also set up a display area of books about health knowledge targeting the epidemic, with a general discount of 20% to 30%. Therefore, the volume of books being sold through online bookstores is higher than traditional bookstores. Major players in the non-fiction books market are HarperCollins, Bloomsbury, Scholastic, Pearson, McGraw-Hill Publications, Penguin Random House, Hachette Livre, Thomas Reuters, and Elsiever. Increasing adoption of online entertainment sources is expected to hinder the market growth during the forecast period. With the proliferation of online entertainment sources, authors compete with not only radio and TV, but a range of new streaming services beyond just Netflix, including Disney+, Hulu, and Amazon Prime. The Digital media trends survey, 14th edition by Deloitte states that nearly 80% of people in the USA have subscribed to at least one paid online streaming video service. According to Media Partners Asia, online streaming services are likely to see 12% growth in Asia by brands such as Netflix, Disney+Hotstar, and more. In 2020, internet usage has surged by between 50% and 70% due to COVID-19, according to preliminary statistics. Authors compete for the limited budgets and leisure time of consumers. Therefore, the rise in online entertainment sources poses stiff competition over the books market thus retarding the growth of the non-fiction books market. Print-on-demand orders will create lucrative opportunities for leading vendors operating in the market as this helps in printing books that are of demand and that meet the exact needs of the market. Print-on-demand offers many advantages to the market and remains an important option that overcomes risking investment over a big press run by allowing authors to offer a print book. The demand for the idea/book is tested using the print-on-demand option and also the investment that could have been spent on a press run for other crucial steps like cover design and editing is saved thereby saving costs of inventory management. African government is committed to using green technologies and innovative solutions to help protect our planet and print-on-demand is one among them. In August 2021, BookBaby, a leading self-publishing service provider based in the United States, is expanding production with a new investment in an HP Indigo 100K Digital Press, providing more digital printing firepower to accelerate its growth in the publishing market. HP Indigo digital presses have made it possible for individuals and small publishers to print one-of-a-kind books in an efficient manner, thereby supporting the modern Print on a Demand publishing model. In September 2021, Hachette Book Group, a US-based published company acquired Workman Publishing Co., Inc. for an undisclosed amount. The Workman program is a powerful complement to HBG's existing publishing programs, and this acquisition has opened up new avenues for growth in exciting directions for HBG. Workman Publishing Co., Inc. is a US-based trade book and calendars publisher. Asia-Pacific was the largest region in the non-fiction books market in 2022. Middle East is expected to be the fastest-growing region in the global non-fiction books market share during the forecast period. The regions covered in the global non-fiction books market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the non-fiction books market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The non-fiction books market consists of revenues earned by entities by carrying out design, editing, and marketing activities necessary for producing and distributing non-fiction books for adults. These establishments may publish books in print, electronic, or audio form. The market value includes the value of related goods sold by the service provider or included within the service offering. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The non-fiction books market research report is one of a series of new reports from The Business Research Company that provides non-fiction books market statistics, including non-fiction books industry global market size, regional shares, competitors with a non-fiction books market share, detailed non-fiction books market segments, market trends and opportunities, and any further data you may need to thrive in the non-fiction books industry. This non-fiction books market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Online or virtual fitness is the fusion of fitness with technology. Online fitness is when a coach or personal trainer provides people with fitness coaching through the internet. Online or virtual fitness is provided through training videos offered through an app or online dashboard run by the coach. The main devices used to access online/virtual fitness services include smart TVs, smartphones, laptops, desktops, and tablets. Smart TVs and smartphones enable consumers to access online fitness services through apps and track physical activity. Laptops, desktops, and tablets enable consumers to access online fitness services through apps and websites. Major end-user of online/virtual fitness include professional gyms, sports institutions, defense institutes, educational institutions, corporate institutions, and individuals. Professional gyms include physical fitness facilities, weight-reducing clubs, health clubs, and exercise salons. Sports institutions include arenas, stadiums, and sports clubs. Defense institutes provide various self-defense training, including martial arts classes, the use of pepper sprays, and other self-defense weapons. Educational institutions are involved in providing educational training and development. Individuals are a major end-user of online/virtual fitness services such as exercise classes, yoga sessions, meditation classes, sports classes, and others. The global online or virtual fitness market is segmented - 1) By Device Type: Smart TV, Smartphones, Laptops, Desktops, and Tablets 2) By End User: Professional Gyms, Sports Institutes, Defense Institutes, Educational Institutions, Corporate Institutions, Individuals 3) By Revenue Model: Subscription, Advertisement, Hybrid The global online/virtual fitness market size grew from $15.65 billion in 2022 to $21.82 billion in 2023 at a compound annual growth rate (CAGR) of 39.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the online/virtual fitness market is expected to grow to $76.57 billion in 2027 at a CAGR of 36.9%. The rising penetration of smart devices is expected to propel the growth of the online/virtual fitness market. Smart devices are devices that are connected to other devices or networks via different wireless protocols such as Bluetooth, Zigbee, NFC, Wi-Fi, LiFi, and 5G and help in keeping track of a person's day-to-day activities. Smart devices enable users to access online fitness content. According to a survey conducted across Australia, Belgium, China, Greece, Ireland, Italy, KSA, Netherlands, Spain, Sweden, the U.K., and the U.S. by OMD Worldwide, a US-based media communications agency, it has been found that 61% of people own a smart device. Therefore, the rising penetration of smart devices is driving the growth of the online-virtual fitness market. Major players in the online/virtual fitness market are ClassPass Inc., FITBIT, Inc., Fitness On Demand, Les Mills International Ltd., Navigate Wellbeing Solutions, Reh-Fit Centre, Sworkit Company, Viva Leisure, Wellbeats Inc., Zwift, Peloton Interactive, Inc., Health Clubs & Gyms, Fast Lean Fitness centre and Gym, Charter Fitness Inc., and MoveGB. The on-demand offering is a key trend gaining popularity in the online-virtual fitness market. On-demand online fitness services enable consumers to access fitness sessions at their convenience with their choice of workout programs, exercise difficulty levels, and trainers. For instance, in May 2022, Johnson Health Technology Company, a US-based online fitness services company, launched Matrix Connected solutions through which gyms and fitness owners can create digital experiences for their members and people can take on-demand exclusive training cycles. In October 2021, LifeSpeak Inc., a leading provider of mental health and total wellbeing platform, acquired LIFT Digital Inc., an online wellness company. With this acquisition, LifeSpeak aims to capitalize on LIFT’s client base which includes many blue-chip organizations, and execute on its plan to accelerate growth through acquisitions. North America was the largest region in the online/virtual fitness market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the online/virtual fitness market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the online/virtual fitness market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The online/virtual fitness market includes revenues earned by entities by providing services, which can be used for the online accessibility of health and wellness to fitness-conscious consumers or persons who might not be keen or able to visit a gym. Virtual or online fitness is a convenience-based fitness/wellness service to the users to access a trainer online/virtually rather than visiting the fitness facility. Usually, the fitness training videos are provided on the web dashboards or fitness apps that are managed by the fitness trainer. In addition, virtual fitness sensors in smartphones and wearable enable various virtual fitness applications like sleep monitoring and running rhythm tracking to enhance users’ lifestyles and health. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The online/virtual fitness market research report is one of a series of new reports from The Business Research Company that provides online/virtual fitness market statistics, including the line/virtual fitness industry global market size, regional shares, competitors with an online/virtual fitness market share, detailed online/virtual fitness market segments, market trends and opportunities, and any further data you may need to thrive in the online/virtual fitness industry. This online/virtual fitness market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Online microtransactions are in-game purchases of virtual items for small amounts of money. The main types of online microtransactions are in-game currencies, random chance purchases, in-game items, and expiration. In-game purchases are items or points purchased by a player for use within a virtual world to improve a character or enhance the playing experience. The various model involved are prepay model, postpay model, and others and are used in mobile, console and PCs. The online microtransaction market research report is one of a series of new reports from The Business Research Company that provides online microtransaction market statistics, including online microtransaction industry global market size, regional shares, competitors with an online microtransaction market share, detailed online microtransaction market segments, market trends and opportunities, and any further data you may need to thrive in the online microtransaction industry. This online microtransaction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global online microtransaction market is segmented - 1) By Type: In-Game Curriencies, Random Chance Puchases, In-Game Items, Expiration 2) By Device: Mobile, Console, PC 3) By Model: Prepay Model, Postpay Model, Other Models The global online microtransaction market size will grow from $67.94 billion in 2022 to $76.66 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global online microtransaction is expected to grow to $117.95 billion in 2027 at a CAGR of 11.4%. Stringent regulations imposed on the microtransactions are projected to limit the market growth during the period. For instance, in July 2022, according to an article published by the Government of UK, in September 2020, Department for Digital, Culture, Media & Sport (DCMS) issued a call for information regarding loot boxes in video games because to worries that they can be harmful. It was created in conjunction with our examination of the Gambling Act. Evidence from a variety of sources has been gathered in response to the call for evidence. Therefore, stringent regulations imposed by the government on setting the limit of transactions is to have an adverse effect on the growth of the online microtransactions market over the forecast period. Major players in the online microtransaction market are SmileGate (CrossFire), Riot Games, Inc., Nexon Co., Ltd., Wargaming.net, NCSoft, Activision Blizzard Inc., Electronic Arts Inc., Valve Corporation, Tencent Holdings Ltd., NetEase Inc., Microsoft Corp., GungHo Online Entertainment Inc., CyberAgent Inc., The Walt Disney Co., Ubisoft Entertainment, Niantic Inc., and Take-Two Interactive. The companies adopting new loot box policies in order to adhere to the guidelines of the U.S. game industry trade group, the Entertainment Software Association is a major trend in the online microtransaction market. Companies such as Microsoft, Nintendo, and Sony are planning to have new policies by the end of 2020. Consequently, the players aiming to adopt new disclosure policies of a loot box is the latest trend shaping the growth of the online microtransactions market. In April 2020, Riot Games, an American video game developer, publisher, and esports tournament organizer, acquired Hypixel Studios Inc. for an undisclosed amount. This acquisition represents the expansion of a long-standing relationship, with Hypixel Studios gaining access to Riot Games’ experience in developing and publishing acclaimed, player-focused games. Hypixel Studios Inc., a Canada-based computer game developer. The Asia-Pacific was the largest region in the online microtransaction market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global online microtransaction market report during the forecast period. The regions covered in the global online microtransaction market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the online microtransaction market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The online microtransaction market includes revenues earned by entities by providing in-game virtual goods. Microtransactions often appear in free-to-play games that do not have any cost for downloading the game and only include the online cost for virtual goods. Microtransactions are done to unlock specific features or enhance the special abilities, content or character in a game. In-game purchases are items or points a player purchases for use within a virtual world to improve a character or enhance the playing experience. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The expansion of the gaming industry is to act as a major driver for the development of the online microtransaction market. Online microtransaction uses real money to gain access to currency in-game or virtual items, which improves the gaming experience of the player. According to Ernst & Young Global Limited’s report published in 2019, the global games market is expected to reach $ 196.0 billion by the end of 2022, growing at a CAGR of 10.0%. Moreover, in January 2022, according to an article published by Entertainment Software Association, a US-based trade association of the video game industry, in the United States, total consumer spending on video games reached $60.4 billion in 2021, an increase of 8% from the previous year. Spending on content as a whole increased by 7% from 2020 to $51.7 billion in 2021. Hardware saw a 14 percent increase, reaching $6.1 billion. Spending on accessories by consumers increased by 2% to $2.7 billion. Therefore, the growth of the gaming and video gaming industry is expected to propel the revenues for online microtransaction market in the near future.

Online tutoring is the tutoring process in a digital, interactive, or connected environment wherein teachers and students are in different geographical locations. Online tutoring services can also help students who need instant homework help. Online tutoring offers a unique and individualized learning experience. The main types of online tutoring are STEM courses, language courses, and other courses. STEM courses cover the four major disciplines of Science, Technology, Engineering, and Mathematics. The services are used by K-12, college students, in-service education, and others that are sold through various sales channels including private coaching, international organizations and associations, educational institutes, and others. The global online tutoring market is segmented - 1) By Type: STEM Courses, Language Courses, Other Courses 2) By Application: K-12, College Students, In-Service Education, Other Applications 3) By Sales Channel Types: Private Coaching, International Organizations And Associations, Educational Institutes, Other Channels The global online tutoring market size grew from $8.36 billion in 2022 to $9.68 billion in 2023 at a compound annual growth rate (CAGR) of 15.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the online tutoring is expected to grow from $17.12 billion in 2027 at a CAGR of 15.3%. The increasing demand for e-learning due to the impact of COVID-19 is driving the growth of the online tutoring market. COVID-19 has resulted in the closure of schools around the world. As a result, education has changed dramatically, with a marked rise in e-learning and online tutoring taking place remotely and through online platforms. For example, Byju's, an India-based educational technology and online tutoring company, announced free live classes on its Think and Learn app and saw an increase in the number of new students using its product by 200%. Therefore, the increasing demand for e-learning is expected to drive the growth of the online tutoring market. Major players in the online tutoring market are Vedantu Innovations Pvt. Ltd., China Distance Education Holdings Ltd., Chegg, BYJU’S, Embibe, Khan Academy, TutStu Education, Club Z! Inc., iTutorGroup, New Oriental Education & Technology Group, Pearson PLC., TAL Education Group, Ambow Education Holding Ltd., ArborBridge Inc., Tutor Eye Inc., Varsity Tutors, ThoughtCo., GradeStack Learning Pvt. Ltd., and Fleet Education Services. The lack of connectivity in third-world countries and some emerging economies is expected to negatively impact the growth of the market. Connectivity issues within developing countries and communities with low income are expected to impact broadband connectivity, hence negatively impacting the growth of the market. According to a survey conducted by Quacquarelli Symonds in April 2020, 53% of respondents in India using home broadband face poor connectivity, 32% face signal problems, 40.2% of respondents using mobile data face low communication, and 56.6% face signal/network issues. Therefore, the lack of connectivity in third-world countries and some emerging economies is expected to limit the growth of the online tutoring market. Companies in the online tutoring market are increasingly investing in trends such as gamification for better user engagement. Gamification in e-learning and online tutoring is expected to inspire a game-like reaction and engagement among learners. This results in improved information retention, motivation, and increased productivity. For instance, in June 2020, Byju's, an India-based educational technology and online tutoring company, introduced Disney BYJU’S Early Learn app for Android and iOS, which involves gamification strategies. Other online tutoring companies such as Class Dojo and rainscape have also invested in gamification. In September 2021, Microsoft, a US-based technology company, acquired TakeLessons for an undisclosed amount. This acquisition will support the Microsoft infrastructure in mass-market online education, and other big platforms. TutorMe is a US-based prominent platform that helps students find tutors for a variety of subjects, such as music lessons, language learning, academic subjects, professional development, and hobbies, and tutors to arrange their lessons online and in person. Western Europe was the largest region in the online tutoring market in 2022. Asia-Pacific was the second-largest region in the global online tutoring market share. The regions covered in the global online tutoring market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the online tutoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The online tutoring market consists of revenues earned by entities by remediation, maintenance, support, test prep and enrichment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The online tutoring market research report is one of a series of new reports from The Business Research Company that provides online tutoring market statistics, including online tutoring industry global market size, regional shares, competitors with an online tutoring market share, detailed online tutoring market segments, market trends and opportunities, and any further data you may need to thrive in the online tutoring industry. This online tutoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Online Gambling is the use of the internet for the act of wagering money or something of value on an event with an uncertain outcome that is not under the gambler's control, with the intent of winning something else of value, often money. The main game types of online gambling are betting, casinos, lottery, poker, online bingo, and others. A lottery is a type of gambling in which numbers are drawn at random for a prize. The games are played on various devices such as desktops, mobiles, and others. The different components include software and services. The global online gambling market is segmented - 1) By Game Type: Betting, Casino, Lottery, Poker, Online Bingo, Others 2) By Device: Desktop, Mobile, Other Devices 3) By Component: Software, Services The global online gambling market size will grow from $81.08 billion in 2022 to $88.65 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global online gambling is expected to grow to $125.6 billion in 2027 at a CAGR of 9.1%. The increasing adoption of smartphones with the improved internet accessibility is driving the online gambling market. Globally, the average use of mobile devices compared to desktop computers or laptops is significantly greater. In most countries, mobile users account for about 80% of all users in the online gambling industry. According to a study published by the Gambling Commission, in 2020, the most common method of accessing online gambling remained mobile phones, particularly among younger people. Similarly, according to the European Online Gambling Edition by EGBA, in 2021, online gambling revenue is expected to reach €36.4 billion (41.7% of total gambling) gross gaming revenue in Europe, an increase of 19% compared to 2020. According to Cisco company annual report, globally, the total number of Internet users is projected to grow to 5.3 billion by 2023 at a CAGR of 6 percent, and smartphones will grow at a 7% CAGR. This, in turn, is expected to drive the growth of online gambling market. Major players in the online gambling market are 888 Holdings PLC, Bet365 Group Ltd., Betsson AB, William Hill PLC, VGC Holdings PLC, Kindred Group PLC, Sky Betting & Gaming, Stars Group Inc., Ladbrokes Coral Group PLC, and Paddy Power Betfair PLC. Online gambling laws vary wildly from one region to other. Most countries have local laws that deal with relevant legal and regulatory issues. Countries such as the USA, have much more complex gambling regulatory processes. Moreover, in countries like India, gambling is under strict control. With each country enacting different gambling laws, it's tough to be familiar with them all. Nevertheless, all gambling sites should be compliant with any laws that they are subject to, to ensure gambling sites are operated lawfully, ethically, and are safe. The established and reputable licensing authorities impose a strict code of conduct on the licensees, who have to adhere to the necessary regulations if they are to maintain their licenses. The strict and varying laws across the countries are likely to challenge the market growth. Technologies such as Blockchain, IoT, and VR are changing everything in every field including online gambling. Virtual Reality and VR Headsets have gained a lot of popularity in recent years and are a revolutionary addition to the world of online gambling. With VR, one can enter a virtual casino and play all the games without having to travel. However, fraud and cheating were majorly concerning the users of online gambling. A lot of online casinos and online gambling sites have been accused of not being transparent and hiding their internal workings and the methods for their dealings. These concerns can be addressed using blockchain technology. With blockchain technology, everyone will be able to see exactly what is going on behind the scenes. Games such as SlotsMillion, Casino VR Poker, and The Gear that are played through VR are engaging customers and shaping the online gambling industry. In May 2022, MGM Resorts International acquired gaming and online sports betting company, LeoVegas for $604 million. Following the acquisition of LeoVegas, MGM Resorts International would create a scaled global online gaming business. MGM Resorts International is a Sweden-based online gambling company offering video poker, table games, progressive jackpots, video slots, and live betting services through its online casinos and sportsbooks. Asia-Pacific was the largest region in the online gambling market in 2022. Eastern Europe is expected to be the fastest-growing region in the global online gambling market report forecast period. The regions covered in the global online gambling analysis report market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the online gambling market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The online gambling betting market includes revenues earned by entities operating facilities that provide services such as online betting (digital table games and sports bets). The online gambling market comprises revenue generated by remote gaming activities using the internet and desktop and mobile devices. The market includes gambling establishments developing online sports betting, casino, bingo, lotteries, and poker games, among others. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The online gambling market research report is one of a series of new reports from The Business Research Company that provides online gambling market statistics, including the online gambling industry's global market size, regional shares, competitors with an online gambling market share, detailed online gambling market segments, market trends and opportunities, and any further data you may need to thrive in the online gambling industry. This online gambling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Services refer to transactions between a buyer and a seller without transferring any physical goods or commodities, involving the use of resources, experience, skill, ingenuity, and intelligence. It mainly involves the use of resources, experience, skill, ingenuity, and intelligence. The main types of services include Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, and Repair and Maintenance. Civic service is defined as a structured period of significant engagement and commitment to the local, national, or international community that is acknowledged and recognized by society, with little or no monetary recompense to the individual. The components including hardware, software, and service. The different modes include online and offline. The global services market is segmented - 1) By Type: Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, Repair and Maintenance 2) By Component: Hardware, Software, Service 2) By Mode: Online, Offline Subsegments Covered: Religious Organizations, NGOs And Charitable Organizations, Political Organizations, Unions And Associations, Real Estate Rental, Real Estate Agency and Brokerage, Automotive Equipment Leasing, Consumer Goods And General Rental Centers, Machinery Leasing, Lessors Of Nonfinancial Intangible Assets, Office Administrative Services, Facilities Support Services, Employment Services, Business Support Services, Travel Arrangement And Reservation Services, Waste Management And Remediation Services, Investigation And Security Services, Services to Buildings And Dwellings, Other Support Services,, Personal Care Services, Death Care Services, Dry-Cleaning And Laundry Services, Other Personal Services, Private Household Services, Automotive Repair and Maintenance, Commercial and Industrial Machinery and Equipment Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Personal Goods Repair And Maintenance The global services market size will grow from $13,978.41 billion in 2022 to $15,223.84 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of services market is expected to grow to $20,650.56 billion in 2027 at a CAGR of 7.9%. Rapid advances in technology are expected to drive innovation in different sectors of the services industry, thus driving the market during the forecast period. Areas of rapid technological change included electronic equipment, automobiles, and electronics, which in turn will lead to an increase in services for that equipment. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are increasingly being used, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins, this allows companies to increase product portfolio and enter new markets by making investments made through cost savings. IoT applications are also being integrated into services to enable services such as remote monitoring, and central feedback systems, and to offer other services. These factors are expected to drive the services market going forward. Major companies in the services market report include BCD Travel, Enterprise Holdings Inc., Randstad Holding NV, Adecco Group, Travel Leaders Group, TUI Group, Recruit Holdings, ManpowerGroup Inc., Berkshire Hathaway Inc., and Waste Management Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the services market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lockdown' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the services market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. With companies focusing on core business operations, automated billing systems are widely being used to minimize billing errors and reduce costs. Automated systems generate and send electronic copies of invoices directly to customers. Automated billing systems can result in savings of 60-80% compared to traditional paper-based billing systems. Automated billing systems also enable tracking of unpaid bills, automating payment reminders and recurring invoices, managing discounts, and coupons, and creating of customized invoices. These systems also generate real-time reports on sales, orders, and budgets that help track business performance. Some of the popular automated billing systems include Zoho Invoice, QuickBooks, Invoice2go, and Intacct. Asia-Pacific was the largest region in the services market in 2022. North America was the second-largest region in the services market share. The regions covered in the services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The services market consists of revenue earned by entities by providing services to equipment and machinery repairing, promoting or administering religious activities, grant making, advocacy, and providing dry-cleaning and laundry services, personal care services, death care services, pet care services, photofinishing services, and temporary parking services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The services market research report is one of a series of new reports from The Business Research Company that provides services market statistics, including services industry global market size, regional shares, competitors with a services market share, detailed services market segments, market trends, and opportunities, and any further data you may need to thrive in the services industry. This services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.