New Report From Strategy Analytics: E-Reading Shifts To Mobile & Ebook Subscription Services Will Gain Momentum
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.
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.
About Gary Price
Gary Price (firstname.lastname@example.org) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com.