In just nine short years, eBook sales will dominate the market. So says a survey from the Frankfurt Book Fair. Conducted last month, the survey polled 840 industry experts in connection with the fair, scheduled to take place October 14-18 this year.
The Frankfurt Book Fair is well known as the annual international meeting place for thousands of publishing industry professionals, a sort of RWA Nationals for agents, editors, publishers, film producers, and others who attend to buy, promote, and sell media and foreign rights.
In a post about the FBF survey, Bookseller.com reported:
Around half of those who responded to the survey said 2018 was the “turning point”, up about 10 percentage points on the same survey last year. In 2008, 27% were of the opinion that digital would never overtake print – now that number is only 22%.
The bullish prediction comes despite the majority of respondents admitting digital products still comprised just a fraction of overall sales – 60% esimated that “considerably less than 10% of their revenue” would come from digital sources this year – though this is expected to grow sharply over the next couple of years.
The vast majority – 80% – said they embraced “the radical change” digitisation brings about, rather than seeing it as a threat to the old guard.
I wonder how the Romance Writers of America awards committee will take the news, given their current stance on the legitimacy of eBooks?