Digital books 'now constitute' 20% of book market |
Written by Eric Tiansay |
Thursday, 23 May 2013 08:49 AM America/New_York |
Maintaining an upward trend, publishers' revenue from e-books has increased nearly 45% since 2011, and digital books "now constitute" 20% of the overall book market, according to BookStats Volume 3. Incorporating net sales revenue and unit data from nearly 1,500 publishers as well as estimates and analysis of the publishing industry, BookStats Volume 3, which will be available for purchase in June, is billed as the most comprehensive evaluation and analysis of the book industry. The "most pivotal driver" of e-books remains Adult Fiction, with Children's/Young Adult also showing strong numbers, according to BookStats Volume 3. Total digital book sales for 2012 stands at more than $3 billion, rising from more than $2.1 billion in 2011. "E-book are now fully embedded in the format infrastructure of trade book publishing," BookStats Volume 3 said. "The consistent growth of e-books demonstrates that publishers have successfully evolved the technology environment for their content—more so than other historically print-based content industries." The overall book market, which includes all formats, exceeded more than $27 billion in 2012, BookStats Volume 3 said. Trade publishing, which includes fiction and nonfiction for adults, children's/young adult, professional/scholarly publishing and religious titles, experienced significant growth in the past two years, with sales increasing nearly 7% in 2012 ($15 billion) versus 2011 ($14 billion). Since its debut edition covering 2008-2010, BookStats has been co-produced by the Association of American Publishers and the Book Industry Study Group. Visit http://www.bisg.org/news-5-836-press-release-bookstats-volume-3-now-available.php for more information. |