INSUBCONTINENT EXCLUSIVE:
Contrary to early forecasts, physical book sales are thriving, with the global paper book market expected to attract around 1.87 billion
readers by 2027.In 2022 alone, the U.S
sold 788.7 million print units, showcasing a strong preference for physical copies.Simultaneously, e-books continue to grow, with an average
annual increase of 3.52% since 2017.Projections indicate they will generate over $13.72 billion in 2023.By 2027, e-books could represent
over 17.27% of global book sales, with an estimated market value of $15.29 billion.However, the book market has seen recent fluctuations
to various external factors like economic conditions and consumer habits.The Resilient World of Books
(Photo Internet reproduction)Amazon plays a pivotal role in the e-book market, commanding an 83% share by 2022.Its Kindle Unlimited service
print and digital but rather an evolving landscape where both formats thrive.While e-books offer convenience and adaptability, print books
provide a tactile experience cherished by many.Instead of one replacing the other, they cater to diverse reader preferences, ensuring a
dynamic and resilient book market.
