The COVID-19 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.
According to data presented by Finaria.it, the rising demand for online content is expected to continue this year, with the global ePublishing industry reaching $27bn in revenue in 2021, a 9% jump year-over-year.
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….
