Thursday, August 4 2022

“Million Insights – World’s Fastest Growing Market Research Database”

According to a new report available with Million Insights, the global e-commerce industry for books, movies, music and games is expected to grow due to rising living standards and rising per capita income in developing countries. in demand for these items on e-commerce platforms.

The Global e-commerce books, movies, music and games market the size is expected to reach $220.9 billion by 2028, according to a new report from Million Insights. The market is expected to grow at a CAGR of 3.9% from 2021 to 2028. This can be attributed to the growing demand for books and Blu-ray discs from developed economies.

The e-commerce division was already thriving but now online shopping has entered hyper-growth. Businesses are undertaking the same in order to keep up with demand and stay afloat as more and more shoppers are moving their consumption online which in turn has had a noticeable impact on the market. Also, it is clear that shoppers are moving online for the products and necessities they want for an isolated lifestyle.

Click Here to Request a Free Demo of E-Commerce Books, Movies, Music and Games Market Report: https://www.millioninsights.com/snapshots/e-commerce-books-movies-music-games-market- report/request -demo

U.S. e-commerce books, movies, music and games market size, by type, 2018-2028 (USD billion)

Additionally, rising living standards and rising per capita income in developing countries are responding to an increase in demand for these items on e-commerce platforms. Additionally, people are stocking up on reading materials to stay busy at home. Additionally, there has been a surge in demand for music CDs as people find both solace and passion in playing and listening to music during isolation. All these factors are expected to drive the growth of this market in the coming years.

The DVD and Blu-ray disc type segment is expected to show steady growth in the market over the forecast period. This growth is attributed to the cumulative demand for these products in developed countries such as Germany and the UK. Rising popularity of 4K TVs and growing demand for high definition content is expected to drive the growth of this segment over the forecast period.

North America is expected to show lucrative growth in this market over the forecast period. Discounted product prices on e-commerce platforms are encouraging shoppers to choose them over in-store purchases across the region. Sales from the book segment further contribute to this market in North America.

To browse the report summary and detailed table of contents, please click on the link below:
https://www.millioninsights.com/snapshots/e-commerce-books-movies-music-games-market-report

Global e-commerce books, movies, music and games market share, by type, 2020 (%)

Highlights of the E-Commerce Books, Movies, Music and Games Market Report

• Europe is expected to see a CAGR of 4.1% from 2021 to 2028 due to growing demand for books from developed countries such as the UK and Germany

• Book-type segment accounted for the highest revenue share of 40.0% in 2020 due to growing demand from developed regions

• Asia-Pacific led the market and accounted for over 35.0% revenue share in 2020 owing to growing demand for books, DVDs, Blu-ray discs and computer games due to the growing inclination of millennials towards these products

Market segmentation for books, movies, music and e-commerce games

Million Insights has segmented the global e-commerce books, movies, music and games market based on type and region:

E-Commerce Books, Movies, Music & Games Outlook (Revenue, USD Million, 2017-2028)

  • Books
  • DVDs and Blu-ray discs
  • Computer/console games
  • Music CDs

Books, Movies, Music & Games E-Commerce Regional Outlook (Revenue, USD Million, 2017 – 2028)

  • North America
  • Europe
  • Asia Pacific
  • Central and South America
  • Middle East and Africa

List of E-Commerce Books, Movies, Music and Games Market Key Players

  • Walmart, Inc.
  • Amazon, Inc.
  • JD.com
  • Ali Baba
  • ebay.com
  • Flipkart
  • Shopify

Browse more market snapshots available on Million Insights:

Storage Unit Market – The global Storage Units market size was valued at USD 50.3 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2021 to 2028.

Children’s sports and swimwear market – The global children’s sports and swimwear market size was valued at USD 21.59 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 10.4% from 2021 to 2028.

About Million Insights

Million Insights, is a distributor of market research reports, published only by premium publishers. We have a comprehensive marketplace that will allow you to compare data points before making a purchase. Enabling an informed purchase is our motto and we strive to ensure that our customers can browse several samples before investing. Service flexibility and the fastest response time are two pillars on which our business model is based. Our Market Research Reports Store includes in-depth reports from various industry verticals, such as Healthcare, Technology, Chemicals, Food & Beverage, Consumer Goods, materials and automotive.

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Press release distributed by ABNewswire.com

To view the original version on ABNewswire, visit: E-Commerce Books, Movies, Music and Games Market to Generate $220.9 Billion in Revenue by 2028 Based on Demand growing number of books and Blu-Ray discs | million ideas

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