It’s not surprising that an industry that’s growing so rapidly would attract developers and investors who want to get their piece of the cake.
We’ll consider ACX in detail a bit later. ACX is a marketplace for authors, narrators, publishers, and rights holders to create and exchange audiobooks.
Audiobook builder will not open download#
Audible has enabled users to download audiobooks directly on their mobile devices, which are always at hand.Īlso, another Amazon product has caused a boom in this industry – the Audiobook Creation Exchange (ACX). The very existence of such a convenient application for listening to audiobooks is one of the reasons why the industry as a whole has seen a dramatic increase in consumer interest and, consequently, revenue.īefore Audible, listening to audiobooks meant buying CDs or downloading files to a computer and then copying them to an MP3 player or phone. The first reason why the audiobook industry is so hot is the emergence of Amazon’s Audible.
How Amazon’s Audible contributed to audiobook market growth According to the Pew Research Center, one in five Americans regularly listen to audiobooks. The market size of the industry is predicted to increase by 5.8 percent in 2020 alone. Many retailers have already realized that audiobook app development is worth investing in, and publishers consider audiobooks a great way to promote their catalogs.Īccording to a study by IBISWorld, the US audiobook publishing industry will generate $1.2 billion in revenue in 2020 and has grown approximately 15.8 percent annually between 20. Why should you consider building an app for audiobooks?Īt this point, audiobooks are the fastest-growing segment of the publishing industry. We decided to analyze the inner workings of audiobook applications like Audible to determine the challenges faced by developers when creating a similar app. According to the Audible blog, the service now reaches millions of subscribers around the world. One of the most successful players in the audio industry of books – Amazon’s Audible – has more than 100 million downloads on the Google Play Store. This is why the majority of people who regularly listen to audiobooks prefer dedicated audiobook apps. But a basic MP3 player or music player app can’t provide book recommendations based on your preferences and can’t save bookmarks. Of course, you could just download an audiobook file (an MP3 file, for instance) and listen to it on your phone or audio player. We can have our virtual bookshelves right on our smartphones and listen to our favorite talking books on the way to work, at the gym, or while cleaning the kitchen. But thanks to modern technologies, audiobook apps allow us to be wrapped up in the world of literature even in the middle of our busy schedules. In the era of digitization, an evening by the fireplace under a handmade quilt with your favorite book is a thing of dreams.
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