Fast disruption in the publishing world – the rise in ebooks

Fast disruption in the publishing world – the rise in ebooks

Posted by Torben Rick | April 24, 2013 | Strategy
Fast disruption five match

Era of profound and accelerating disruption

We live in an era of profound and accelerating disruption – the pace of change in the book publishing world accelerates, leaving brick-and-mortar book stores are in serious trouble.

Products like Amazon’s Kindle, Barnes & Noble’s own Nook, Apple’s iPad and smartphones can display e-books downloaded online.

Fast disruption in the publishing world - the rise in ebooks

According to the Association of American Publishers (AAP), US Trade publishers’ net revenue rose 6% in 2012, when compared to 2011. Component to that growth was ebook sales tipping the scale at 22.55% of total revenue:

In 2002, those Trade publishers reporting eBooks to AAP noted the format represented 0.05% of their total share of net revenue

By 2006, eBooks were reported as 0.50% of participating Trade publishers’ net revenue; it reached 1.18% by 2008

The following year, the digital transition was underway and percentages reported grew rapidly: from 3.17% (2009) to 16.98% (2011) and now, for 2012, 22.55%

In short, ebook sales are up from 0.05% to 22.55% in 10 years. That’s an average growth of 2.25% per year, though the graph has been anything but linear. Most interesting, is the growth seen from 2008 to 2012, when ebooks rose from a mere 1.18% of revenue, to 22.55%.

Assuming that pace continues, and it won’t be too many years until the publishing world is half digital. The sea change is already underway.

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About The Author

Torben Rick

Experienced senior executive, both at a strategic and operational level, with strong track record in developing, driving and managing business improvement, development and change management. International experience from management positions in Denmark, Germany and Switzerland.

Blog Comments

Unfortunately the disruption is currently limited to the countries not regulating book prices. In countries like Germany progress is much slower. I own a Kobo Glo and buy approx. 99% of my eBooks in the US and UK. Naturally this is limited to books in English. Thus I even buy German books in the English translation.

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