Magazines and Books on E-paper E-reader Displays 'Approaching the Tipping Point,' Says Expert
Note: This article first appeared in Publishing Business Insider on Dec. 22, 2009.
A recent report issued by research and advisory firm mediaIDEAS projects sales of e-readers to grow from nearly 6 million units in 2010 to 115 million units in 2013, largely due to falling prices and rapidly advancing technology. "The E-Paper E-Reader Phenomenon" outlines the dramatic growth of these display devices over the next 10 years into a $25 billion market. Nick Hampshire, who authored the report, and his mediaIDEAS partner David Renard told Publishing Business Insider that publishers must recognize the looming shift in the way consumers read content and realize that the "e-reader threat" has arrived and actually presents publishers with a real opportunity.
In anticipation of this shift, mediaIDEAS has announced the launch of its TH(ink) E-readers 2010 Summit, with the support of the Publishing Business Conference & Expo, on Wed., March 10, 2010 at the New York Marriott Marquis Times Square. The half-day summit will offer attendees a better understanding of e-reader technology, developments and financial opportunities. Renard agreed to give Insider readers a glimpse at the upcoming event below.
INSIDER: What are the most significant takeaways from the results of your research?
NICK HAMPSHIRE: The most significant finding of our research has been the rapid future growth of the market. Since the first e-paper e-reader came onto the market in 2004, these devices, with their "green" credentials of reducing paper consumption, have already proven very popular with consumers, and the market for them is booming. By 2006, there were three types of devices available, by 2007, there were five, and currently there are over 40. This number will more than double in the next 12 months. Unit sales are also booming. In 2008, 1.1 million e-paper display-based e-readers were sold, in 2010 that number will rise to about 6 million, and by 2020 global annual e-reader sales will reach 446 million units with a value of over $25 billion.