LONDON, Dec. 19, 2016 /PRNewswire/ -- The consumer book publishing market comprises of establishments engaged in publishing books in genres of mainly adult fiction, adult non-fiction, juvenile, and religion. Consumer books are mainly read for informational and recreational purposes. The market is further segmented by consumer book type consumer print books and consumer digital books.
The Americas was the x largest geographic region in the consumer books market in 2016, accounting for $x billion or x% of the global market. Asia was the x largest geographic market, accounting for $x billion or x% of the global market. Europe was the x largest geographic market, accounting for $x billion or x% of the global market. The Middle East and Africa accounted for x% and $x billion, while Oceania accounted for x% of the global consumer books market.
The advent of technology has radically transformed the consumer book publishing industry. The 21st century witnessed the re-emergence of self-publishing.
New technology has drastically reduced the costs. The Economist reckons that the only significant cost that a self-publisher incurs is "time". The difference in revenues wherein, you get 70% when you self-publish compared to 25% when you route it through traditional publishers is attracting more authors to experiment with self-publishing. Technology has enabled everyone to become a publisher in his own right. Leveraging social media and other technological platforms has ensured that there is proper marketing for self-publishers.
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