Scholarly and professional e-books sales increased globally by 7.7% in 2014 and will grow an additional 6.9% in 2015, according to the latest report from media and publishing intelligence firm Simba Information.
The report, Scholarly & Professional E-Book Publishing 2015-2019, found that, although the book market as a whole has taken its lumps due to declining print sales, e-books have greater appeal with library customers, which has led publishers to reinvest in their collections.
Book publishers watched the decline of the scholarly monograph for decades. In the 1960s, American Research Libraries could reliably be expected to provide a financial underpinning of hardcover sales in the thousands of copies. However, as spending on books slipped from 50% to 5% of many library budgets, print runs fell from the thousands to the hundreds. Many major players drastically cut back their book output.... more
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