An article from The Bookseller.com discusses a new digital study that was conducted by Bain & Company. The study included 3,000 people from the U.S., France, Germany, Japan, Korea, and the United Kingdom. The study found that up to 25% of books will be sold in digital format by 2015 and 15-20% of consumers will own e-reader devices. The study also showed that the switch to digital will occur more rapidly in the U.S. and Korea.
In terms of profit, the study found that digital could represent 20-28% of book industry profits. However, this will be dependent on innovation of the content and operating methods. The study noted, “Experimenting with new formats - non-linear, hybrid, interactive or social - is where opportunity lies.”
