From Mobile World Live:
A new report by Strategy Analytics predicts that the global consumer eBook market will more than double from $7 billion in 2013 to $16.7 billion in 2020.
Wei Shi, an analyst at Strategy Analytics’ wireless media strategies division, said that a significant development in the ebook market is subscription-based services launched by platforms like Amazon, which have a model similar to how Spotify and Pandora work in the music industry.
“We expect to see subscription services gaining more momentum in the second half of this decade, and contributing to close to a fifth of the total market by 2020,” she said.
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See Also: Report Abstract From Strategy Analytics:
Strategy Analytics predicts the global consumer ebook market will more than double in value from $7B in 2013 to $16.7B in 2020. Ebook market growth will be stimulated on the demand side by the increasing adoption of digital reading by consumers, and the fast growing ownership of ebook reading devices, in particular smartphones and multi-purpose tablets. On the supply side, more book titles are being made accessible in digital format, both through the conventional mode of individual ebooks sell-through and through new business models, including, among others, subscription services and self-publishing facilities.