Total book publishing revenue will see growth of 1.7% CAGR over the next five years. Within this overall increase, educational books will experience the fastest growth (1.9%), but slower-growing consumer books (1.5%) make up half of the market. Consumer book revenues are heavily influenced by best-sellers – last year’s revenues were driven by Grey and Go Set a Watchman.
E-books are driving growth in the books business, more than offsetting the declines in print. The growth of traditionally-published e-books has slowed, while independently and self-published e-books are seeing faster uptake due to their typically lower unit price. The professional books sector is the most heavily-digitised area of the book publishing market, with e-books and other digital products proving to be much more practical for professional users than the print alternatives. The growth of professional e-books (11.7%) more than makes up for the decline in print (-2.8%).
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