Wondering about the future of book publishing? Read Kristen’s post on The Future of International Book Sales.
For writers and readers, the future of the book industry depends on who is selling books. Technavio recently published its report on the Global Consumer Book Publishing Market, 2016-2020, which sheds some light on the future of the industry. (Unfortunately, the full report is behind a paywall, but I’m happy to share some highlights here.)
To few people’s surprise, digital book publishing and ebook adoptions will likely be a driving force in the international market for the next several years. Despite these trends, Technavio anticipates that the book publishing market will only have grown by a rate of around 1% by 2020.
Let it not be said that people write to become rich.
Though that percentage sounds dismal, it does indicate that there is still potential for growth in the industry. Authors and publishers just have to know where to sell their books.
The US market presents a more positive…
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