Nigeria Audiobooks Market Size & Outlook, 2023-2030
Nigeria audiobooks market, 2018-2030 (US$M)
Related Markets
Nigeria audiobooks market highlights
- The Nigeria audiobooks market generated a revenue of USD 9.7 million in 2023 and is expected to reach USD 72.6 million by 2030.
- The Nigeria market is expected to grow at a CAGR of 33.2% from 2024 to 2030.
- In terms of segment, fiction was the largest revenue generating category in 2023.
- Non-fiction is the most lucrative category segment registering the fastest growth during the forecast period.
Audiobooks market data book summary
| Market revenue in 2023 | USD 9.7 million |
| Market revenue in 2030 | USD 72.6 million |
| Growth rate | 33.2% (CAGR from 2023 to 2030) |
| Largest segment | Fiction |
| Fastest growing segment | Non-fiction |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fiction, Non-fiction |
| Key market players worldwide | Amazon.com Inc, Apple Inc, Alphabet Inc Class A, Rakuten Group Inc, Storytel AB Class B, Audible, BarnesandNoble.com, Downpour, Playster, W.F.Howes |
Other key industry trends
- In terms of revenue, Nigeria accounted for 0.1% of the global audiobooks market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Egypt audiobooks market is projected to lead the regional market in terms of revenue in 2030.
- Nigeria is the fastest growing regional market in Middle East & Africa and is projected to reach USD 72.6 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Audiobooks Market Scope
Audiobooks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Nigeria audiobooks market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to audiobooks market will help companies and investors design strategic landscapes.
Fiction was the largest segment with a revenue share of 64.95% in 2023. Horizon Databook has segmented the Nigeria audiobooks market based on fiction, non-fiction covering the revenue growth of each sub-segment from 2018 to 2030.
- Nigeria Audiobooks Category Outlook (Revenue, USD Million, 2018-2030)
- Fiction
- Non-fiction
- Nigeria Audiobooks Target Outlook (Revenue, USD Million, 2018-2030)
- Kids
- Adult
- Nigeria Audiobooks Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- One-time download
- Subscription-based
- Nigeria Audiobooks Preferred Devices Outlook (Revenue, USD Million, 2018-2030)
- Smartphones
- Laptops & Tablets
- Personal Digital Assistants
- Others
- Nigeria Audiobooks Genre Outlook (Revenue, USD Million, 2018-2030)
- New & Politics
- Socitey & Culture
- Comedy
- Sports
- Others
Reasons to subscribe to Nigeria audiobooks market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Nigeria audiobooks market databook
-
Our clientele includes a mix of audiobooks market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Nigeria audiobooks market , including forecasts for subscribers. This country databook contains high-level insights into Nigeria audiobooks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Nigeria audiobooks market size, by category, 2018-2030 (US$M)
Nigeria Audiobooks Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
