How E-Books Are Changing Publishing Industry?

The concept of eBooks or eBooks has been around for quite some time now, the first contraptions have been designed and manufactured since the late 1930s. In 1971, Michael S. Hart created the first electronic document by typing the statement of independence of the United States on his computer in text format so that the document can be viewed on other devices. E-book reading devices were intended to store technical or reference documents that would have become too heavy if they were printed as paper books for the intended users. During this time, most of the e-book related projects were undertaken at the request of government agencies. Document sharing became easier with the introduction of Internet services in the late 1980s and e-book readers became more user-friendly. In 1992, Sony introduced the “Data Discman” which could read books stored on CDs. The cost of this device was then over $ 500, which was too high for it to be viable and was discontinued within a few years.

E-book reading devices like Kindle, iBooks, Nook, Kobo, etc. quickly became alternatives to paper books. There are many reasons for this change of habit, e-books are cheaper, extremely portable, customizable in terms of font and color, each device can store hundreds of titles / books, saving space, users can also index information, get details on other books from their favorite authors, or download sample chapters. These devices literally put the library or bookstore in our hands, and all without moving from our chair. From a long-term perspective, one can also discuss the environmental benefits of adopting e-books, as no paper and transportation is required for e-book publishing.

How have publishing houses coped with this onslaught of technology?

Publishers have been using digital technologies for writing, proofreading, graphic design and printing for some time. However, what has really changed over the past decade is the impact of these technologies on the way we communicate, promote, market and most importantly the way we read digital content. The ubiquity of smartphones and the internet means we have easy access to our favorite choice of digital content.

In terms of the cost comparison between eBooks and printed books, eBooks are cheaper to publish. While we can take the same author fees, marketing costs, and publisher staff salaries for both types of published material, eBooks have negligible costs associated with retail and wholesale margins, at printing / reprinting of copies, to paper, to storage, to maintenance. & logistics.

A more recent development has been the emergence of self-publishing, where authors, instead of waiting to be accepted by major publishing houses, publish their material themselves through self-publishing portals. -assistance.

With the digital age, publishers have had to adopt stricter policies against intellectual property piracy due to the indiscriminate sharing of digital content online. This has led publishers to organize author and book promotion workshops, conferences and webinars. The adoption of technology that studies data about existing and potential customers, trends and target audience preferences also play a key role in the survival of publishing houses.

Global publishing revenue was $ 122 billion in 2018 and is expected to reach $ 129 billion by 2023. Of this amount, the share of eBooks is approximately $ 16 billion, which indicates that e-books still have a long way to go.

Source by Manoj Lam Kumar

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