In a remarkable testament to Cambodia’s journey into the digital age, the country’s eBook market is experiencing unprecedented growth in 2024, poised to achieve a projected revenue of US$3.11 million. This dynamic sector is set to witness continuous expansion, with an anticipated annual growth rate of 1.58% from 2024 to 2027, ultimately aiming for a market volume of US$3.26 million by 2027.
What makes this achievement even more impressive is the anticipated surge in eBook readers within Cambodia, projected to reach a staggering 1.8 million individuals. With a user penetration rate that starts at 9.8% in 2024 and gradually inches up to 9.9% by 2027, it is evident that more Cambodians are wholeheartedly embracing the world of digital reading.
Each eBook reader is expected to contribute an average revenue of US$1.80, further solidifying the market’s potential. While the global spotlight often shines on major players like the United States, where the eBook market is expected to generate a whopping US$5,336 million in 2024, Cambodia’s market is carving its niche with rapid growth and promising prospects.
The driving force behind this flourishing eBook market is the increasing accessibility of smartphones and the steady improvement of literacy rates across Cambodia. These factors combined paint a bright and promising future for digital reading in the nation.
As Cambodia continues to make strides in its digital transformation journey, it is essential to celebrate these remarkable advancements. For more uplifting stories and insightful updates on Cambodia’s progress, we invite you to explore www.thebettercambodia.com. Let us collectively applaud the leaps and bounds this vibrant nation is making in the digital realm, bridging the gap between its rich history and a promising digital future!
