Publisher Net Revenue from Book Sales Declines 4.1% in First Half of 2015.
Washington, DC – Publishers’ book sales for the first half of the year (Jan. – June 2015) were down 4.1% at $5.58 billion compared to $5.82 billion for the first six months in 2014. The selling categories books are (Trade – fiction/non-fiction/religious, K-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses). Publishers net revenue is tracked monthly by the Association of American Publishers (AAP) and includes sales data from more than 1,200 publishers .
Some of the trends noted during the first half of 2015:
- Trade books (fiction/non-fiction/religious) were down from the first half of 2014, but in June 2015 again the sale of these categories books were increase.
• Trade eBooks declined 10.3% from 2014.
• The bulk of eBook year-over-year decline comes from the Children / Young Adult category, which was down 45.5%.
• Paperbacks and audio books within the trade category increase in double digits
• Educational and Instructional materials Sales was declined .
Why Digital Platform Solutions Are Needed in Academic Publishing .
Traditional books are able to stand independently. Their use in academic contexts can be very different. The Student wants a specific subject area in a short time for digital content. Their research and writing are focused on a limited number of domains, and they need access to a large number of resources and tools for managing all their content.
Platform solutions offer a way to address the special needs of a specific knowledge domain, and it will be easy for students to access and to achieve higher value transactions. Platforms are also better suited to unique content that might not work in E PUB format.
For academic users, platform solutions deliver convenience, cost savings and higher utility. Institutions can standardize on high-quality digital content libraries. and students will have access to a large library of content without any tension and worries. Students get everything they need through one portal without having to make, or weigh the value of, individual purchases.