Audiobook trends and statistics for 2020 good ereader. Top 10 publishing trends every author needs to know 2019. Global book publishers market data and industry growth. Global book publishers market data and industry growth analysis. Thad mcilroy future of publishing the future of book. Book publishing in the us industry trends 20152020 book publishing in the us industry outlook 20202025 poll average industry growth 20202025. Hachette book group, one of the big publishers, has announced that in 2019 the publishing company generated eur 2. Where is publishing headed the future of books in 7 easy. The publishing industry provided 618,900 wage and salary jobs in 2008. Nevertheless, the industry continues to grow, though unpredictablyit grew 6. Higher demand or cogs will put upward price pressure on prices.
Book publishers, on the other hand, have started using e publishing to gauge the initial response of a book and reduce preproduction costs. Pandemic drives ebook and audiobook sales by uk publishers. It starts with consumers serving them in more personal, predictive, and profitable ways. Our research suggests that textbook rentals will start to cannibalize newtextbook sales by 2017, resulting in a reduction in new book sales of 5. Print has given way to digital, and the future of the publishing industry is online. E publishing as we all know is the buzzword used for digital format of books, journals, magazines, reports, etc.
Growth of the global book publishing revenue 20182023, by region revenue of the u. Predictions in book publishing over the years, there have been countless bold and sometimes barmy predictions about the future of the publishing industry and of course the industry is still evolving at a rate unprecedented since guttenberg first looked at a wine press and thought, hey, now hang on a minute. Pandemic drives ebook and audiobook sales by uk publishers to. London business wirethe publishing market is expected to grow by usd 23. Global publishing market 20202024 growing impact of ebooks to. Increasing consumer preference for the digital versions is expected to significantly impact the growth of the market during this period. However, the indian book industry receives no direct investment from the government a serious roadblock for publishers, the report says. Based on this experience and the changes to the publishing world in recent years, i would be shocked if this industry doesnt look a whole lot different by the time the next decade begins. The latest findings of the publishers associations uk publishing workforce survey show that while publishing continues to meet its target to employ at least 50% women in senior roles within five years, there has been little progress in its other target of increasing the ethnic diversity of employees. The publishing market is expected to grow by usd 23. Aug 23, 2019 the big five publishers have only recently recognised that the audiobook market is the only sector demonstrating year on year growth, but boy are they noticing now. Oct 28, 2014 heres a little real talk about the book publishing industry it adds almost no value, it is going to be wiped off the face of the earth soon, and writers and readers will be better off for it. Some independent publishers sees the future as one where eventually, books will be produced and distributed. Kristen is a 20year veteran of the publishing industry, with a career spanning many roles, including retailing, buying.
Technology has spurred seven key trends that are shaping the business and the art of our literary industry. The biggest source of revenue will come from e books followed by online newspapers and magazines, particularly. Book publishing in the us industry outlook 20202025 poll average industry growth 20202025. Dec 01, 2015 the study estimates a cagr compound annual growth rate of 19. Digital subscribers will grow because of the instant access to content. This means serving the content audiences want, through the channels they want, and trying to monetize this thanks to improved reader loyalty and more satisfying experience. For what its worth, id guess that the ebook market share will actually grow a.
These factors create new threats and opportunities for publishing industry participants. Readers can purchase a copy of the book on a realtime basis and at the same time publishers can benefit from the reduced production and distribution costs. Indian book market to touch rs 739 billion by 2020. Recent years of exponential ebook growth have given way to a new normal of slower growth, greater competition and disruptive business models and power struggles. Digital subscribers will grow because of the instant access to. Jun 01, 2009 although initially looked upon as a threat to the traditional books in print, ebooks and audiobooks are presently forecast to help drive incremental growth in the book publishing industry, in contrast to the earlier expectations of a possible cannibalization of sales and revenues in the traditional print market. In otherwords, growth in this sector will continue for years to come. The sheer number of readers in india is increasing at one of the fastest rates in the world. Major publishing houses are supporting the e book market, thus bringing enormous growth. Ebook market global industry analysis, size, share, growth. Furthermore, the environment protection campaigns from governments across the globe especially for saving trees to reduce the use of paper also increases the demand for e books. Amazon is doing the world a favor by crushing book publishers. Publishing industry an overview sciencedirect topics.
Selfpublishing continues to provide an in for those who want to publish, but selfpublished ebooks provide better response for the author. Role of big 5 in increasing the growth rate the 5 major book publishing houses are known as the big 5 in the publishing industry. Book with rocket ship representing the future of publishing. Book publishing in the us industry data, trends, stats. Jan 22, 2018 with fewer juggernaut titles and categories, overall u. Nov 14, 2020 however, the ebook and audiobook boom comes at a high cost for the industry, with global sales of printed books by uk publishers plunging by 55m in the first six months of the year as high streets. Major publishing houses are supporting the ebook market, thus bringing enormous growth. Trends transforming the publishing industry outlook in. The india book market report is the first study for decades, rohit kumar, expresident of the api, commented. The book industry has undergone massive changes in the last decade, and more are on.
For publishers, these trends also offer a peek into the future and some insight about what to expect, how to prepare for growth in a shifting landscape, and why the industry can both evolve and stay the same. Jan 12, 2020 going through the book writing process on three occasions has given me an inside look at how the publishing industry operates. The last 10 years have been turbulent for publishers, writers, and agents. Nov 19, 2018 in 2016 we explored the business models that are reshaping every industry, including our own, and last year we defined the dna of a smarter, future book. The book publishers market is segmented into consumer books. Jul 16, 2019 granted, the nearlyabillion that audiobook revenues soared towards in 2018 isnt quite as impressive when contrasted with the entire us book publishing industry s 2018 revenues. The 5 major book publishing houses are known as the big 5 in the publishing industry. The growth and importance of epublishing flatworld solutions. Mar, 2020 a renewed focus on serving their audiences needs seems to be at the core of the main digital publishing trends we are seeing for 2020. Intelligent growth is all about technology and data to drive the future of publishing. Book publishing in the us industry data, trends, stats ibisworld.
Mar 22, 2021 mar 22, 2021 the expresswire the book publishing paper market research report 2021 is a strategic collaboration of market dynamics covering the. The publishing industry has been toying with the idea of not just selling, but also publishing books through the internet. Current and future advances driving the strongest growth area in the pharmaceutical industry woodhead publishing series in biomedicine by william r strohl and lila m strohl oct 30, 2012. But for the third categoryauthors who want to grow their careers or businesses book. Despite some modestly positive trends, the underlying basis for a successful future for the book publishing industry is rapidly being eroded. There are some interestingand noteworthytrends taking place across the publishing industry.
The statistics cited earlier came from an india book market report, by nielsen, with the association of publishers in india and the federation of indian publishers. A little more than a decade ago, the publishing industry was confined to printed workstraditional books, newspapers, and magazines. The reduction comes primarily from childrens and ya books, which were down 12 percent, in contrast to adult books, which rose 3 percent. The industry does not include independent, or freelance, writers, artists, journalists, or photographers, whose jobs are included in the arts, entertainment, and recreation industry, but who contribute a significant amount of content material to this industry. Although the physical book publisher s industry continues to shrink 2. The world of books and publishing has undergone a paradigm shift thanks to the emergence of popular e books in the consumer market place. After such a long time, we have real data on the size and potential of the indian book publishing industry. Two big changes shaping future of comic book industry.
As with most technology trends, ebook adoption has likely conformed to a wave pattern rapid growth in. Mar 22, 2021 the expresswire the book publishing paper market research report 2021 is a strategic collaboration of market dynamics covering the. This report, a collective effort by three book publishing industry consultants, examines the impact of. Karen mc dermott is a publisher pioneering the way for change in the publishing. Industry expertise kristen mclean is the executive director of business development in the npd books practice, the team behind npd bookscantm. Ebook market growth, trends, and forecasts 2020 2025. Selfpublishing is a rapidly evolving industry, and those who keep one eye on the. Amazon will continue to grow as a retail channel, while bricksandmortar booksellers including the. Self publishing is a rapidly evolving industry, and those who keep one eye on the. Global publishing market 20202024 growing impact of e. On kindle, 17 of the 100 topselling books are selfpublished. Rise and fall in market prices are affectedd by supply, demand, and the cost of goodsservices sold. Oct 30, 2019 the publishing industry has gone through several transformations since the internet arrived with the introduction of ereaders, digital and audio books and the growth of book sales online.
Slow growth presents challenges and opportunities for authors 01052015 02. Publishing industry trends in 7 charts submittable blog. Jun 17, 2018 nevertheless, the industry continues to grow, though unpredictablyit grew 6. How printers can capitalize on book publishing trends in 2019. Higher competition among publishing industries companies will put a downward pressure on prices.
Mar 10, 2018 in 1015 years, the biggest change in book publishing will be the continued expansion of publishers directtoconsumer programs. The publishing industry involves production and dissemination processes to make information, such as literature, music, software, and travel aids, available. However, much of the growth is attributable to a single formataudiobooks, which surged 33 percent. The top ten publishing industry trends every author needs to. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. We saw incredible library sales growth for authors in 2019. Mar 03, 2021 here are the top 10 predictions for the future of selfpublishing. Employment in the publishing industry about this section. This octobers data revealed that trade publishing revenue book publishing excluding education was down slightly.
Five key trends in the book market news for authors. While many of those trends signal change and evolution, others harken back to the genesis of our relationship with written and spoken language. Publishers continue to face a shifting retail landscape as amazon takes increasing market share and bookstores evolve into entertainment stores with more nonbook merchandise. Book publishing paper market 2021 latest industry trends. Ebook market global industry analysis, size, share. Industry statistics cover all companies in the united states, both public and private, ranging in size from small businesses to market leaders. Over the years, there have been countless bold and sometimes barmy predictions about the future of the publishing industry and of course the industry is still evolving at a rate unprecedented since guttenberg first looked at a wine press and thought, hey, now hang on a minute. Writers will learn and take on the responsibilities and corresponding skills of a traditional publisher and will learn how to use their books as a foundation for building multiple streams of income. Trends transforming the publishing industry outlook in 2021.
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