What is Phonebooks Market Scope?
The phonebook can be printed in hard copy or in electronic form. In the latter case, the directory can be used provided as an online service through proprietary terminals or over the Internet, or on physical media such as CD-ROM. The demand for a phonebook is stable in developing and underdeveloped countries. The phone book is still used in various government organizations. Some demographics still use the Yellow Pages to find local businesses. Larger brands can afford to put their business in the Yellow Pages. Before the Internet, if a person needed to obtain a phone number or address for a person or business, he grabbed the phone book and searched for the information. The global Phonebooks market was valued at USD 9,756.63 Million in 2019 and is expected to reach USD 5,417.63 Million by 2025, declining at a CAGR of 9.34% during 2020-2025. COVID-19 pandemic has adversely affected the global economy. Because of this pandemic, the phone book market is expected to decline by 15.61% in the 2020 year as compared to the previous year. This industry already had faced significant challenges due to the slowdown in the economy, changing consumer behavior, technological development. The sudden occurrence of COVID-19 has boosted the slowdown significantly. In this pandemic situation, nobody is spending on depreciating products; it is becoming difficult for dealers to sell their inventory.
The Phonebooks market study is being classified by Type (White Pages, Yellow Pages and Grey Pages), by Application (Household and Commercial) and major geographies with country level break-up.
Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Phonebooks market throughout the predicted period.
Whitepages Inc. (United States), Thryv, Inc. (United States), Yellow Pages Limited (Canada), Platinum Equity Advisors, LLC. (United States), Hibu Group Limited (United Kingdom), Ziplocal (United States), Names and Numbers (United States) and User Friendly Media (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Phonebooks market by Type, Application and Region.
On the basis of geography, the market of Phonebooks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
In October 2020, Thryv Holdings, Inc., the provider of Thryv software has announced the launch of ThryvPaySM, the first payment processing service designed specifically for service-driven small businesses. It is the new feature of Thryv software that allows users to get paid via credit card and ACH payments.
Influencing Market Trend
- Lack of Strategic Planning Process by Market Players
- Development in Digital Phone Book
- Rapid Change in Consumer Behaviour
Key Target AudienceManufacturers, Suppliers, Distributors, Regulatory Bodies and Governmental Bodies
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