What percentage of books sold are ebooks?
Ebooks make up 21% of total book sales It largely excludes sales of educational and technical titles, and sales through self-publishing platforms such as Kindle Unlimited. And those categories typically comprise a much higher percentage of digital sales.
How many people are using ebooks?
Statista projects the number of e-reader users to grow from 950.5 million in 2019 to 1.11 billion by 2023. Check also ➜ How Many Books Are Published Each Year?
Are eBooks taking over books?
Publishers of books in all formats made almost $26 billion in revenue last year in the U.S., with print making up $22.6 billion and e-books taking $2.04 billion, according to the Association of American Publishers’ annual report 2019.
Are eBooks growing?
Revenue in the eBooks segment is projected to reach US$17.04bn in 2022. Revenue is expected to show an annual growth rate (CAGR 2022-2026) of 2.34%, resulting in a projected market volume of US$18.69bn by 2026. In the eBooks segment, the number of readers is expected to amount to 1,182.8m users by 2026.
How many eBooks sold 2020?
191 million e-books
A total of 191 million e-books were sold in the United States in 2020, according to the most recently available data. E-book unit sales tend to fluctuate, although the sharp increase between 2019 and 2020 could be as a result of the coronavirus outbreak, which saw large increases in media consumption.
Are ebooks in demand?
In the U.S alone, eBook sales have grown almost 3000% over the last 10 years. A study by eMarketer suggests that eBook sales will outgrow the sale of mobile games in the US by the end of 2015.
Are ebooks taking over books?
How many people read ebooks in the future?
In the eBooks segment, the number of readers is expected to amount to 1,182.8m users by 2026. User penetration will be 14.2% in 2022 and is expected to hit 15.0% by 2026.
How much revenue is generated from ebooks?
In global comparison, most revenue will be generated in the United States (US$6,397.00m in 2022). An eBook is the digital or electronic version of a book and can be read on various devices such as specific eReaders (e.g. Kindle) as well as on tablets, smartphones or computers. eBooks include fiction, non-fiction and textbooks/academic literature.
What are the key trends in the e-book market?
Key Market Trends Increased Use of Electronic Devices The rise in the number of portable readable devices such as smartphones and tablets is anticipated to be the major growth factor for the global e-book market. Consumers prefer e-books over books due to the fragility of books to wear and tear, the need for adequate care, and high cost.
Are people becoming more receptive to ebooks?
Statistics say people are becoming more receptive of eBooks: user penetration is currently 10.5% and it is expected to hit 11.8% by 2022. However, there is an eternal debate between book lovers who are more on the traditional side, enjoying the touch and feel of paper books, and those who appreciate the convenience eReaders provide.