Literary News: A YoY growth of 9% predicted in Global ePublishing Revenues in 2021

Global ePublishing revenues to grow by 9% YoY to $27B in 2021 with eBooks to hit $15.6bn in revenue this year

In 2020, the global pandemic hit businesses in unprecendeted ways.

Publishing was also one such business that was hit badly. With the world being locked up in their homes and having nothing but their phones and electronic devices like iPad and laptops at their disposal, a lot of content consumption moved online. The pandemic caused a massive hit to the offline bookselling and newspaper industries, with millions of customers turning to digital media and online content amid lockdown.

Interestingly, the demand for online content went up massively and is predicted to soar further in 2021 also.

eBooks to hit $15.6bn in Revenue This Year

The ePublishing market includes eBooks, digital editions of the consumer or business magazines called eMagazines, and ePapers as online versions of daily or weekly newspapers. This type of digital content provides several advantages to customers.

The content is easy to purchase and can be downloaded directly on the reading device itself. Whole libraries can be stored online without the need for physical space, which means easier transportation of books. Moreover, ePublishing is also a cost-efficient option for publishers, allowing them to save on printing, logistics, and sales costs.

The global ePublishing market is dominated by eBooks, which are set to reach over one billion users and generate $15.6bn in revenue in 2021, a 6% jump year-over-year. eMagazines and ePapers play a considerably smaller role and are expected to hit $7.2bn and $4.2bn in revenue, respectively.

One of the key players in the ePublishing business, Amazon is the world’s largest ePublishing service provider. With over 60,000 audiobooks and 60 million ebooks for readers to access from on their platform, Amazon dominates the U.S., U.K. and German markets substantially.

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About Author

Editor_Kitaab

Namrata is a published author who enjoys writing stories and think pieces on travel, relationships, and gender. She is a UEA alumnus and has studied travel writing at the University of Sydney.

She is also an independent editor and a book reviewer. Her writings can be found on various sites and magazines like the Asian Review of Books, Contemporary South Asia Journal of King’s College-London, Mad in Asia, The Friday Times, Daily Star, The Scroll, Feminism in India, The Brown Orient Journal, Inkspire Journal, Moonlight Journal, The Same, Chronic Pain India and Cafe Dissensus.

Her short stories have been a part of various anthologies . She has also published two short story collections of her own along with two solo titles as well. She is currently working on her debut novel. She loves travelling the length and breadth of the world and enjoys capturing the magic of life in her words. She is always in pursuit of a new country and a new story.

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