The e book sector soars in 2023: it reaches 1,150 million euros and grows greater than 4% in comparison with the earlier yr | EUROtoday

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Good information for the e book sector: 2023 marked the utmost turnover since knowledge was accessible, in a market that reached 1,150 million euroswhich suggests a rise of greater than 4% in comparison with 2022 based on the info of the e book market report that’s ready yearly by the consulting agency GfKintroduced this Wednesday in Madrid and uncovered to debate with representatives of the sector.

Regarding this development, the director of the Federation of Distributors Associations of Spain, Jose Manuel Antahas been cautious: “The book consolidates the important level of turnover in Spain, although it is currently facing important challenges (and opportunities) such as the digitalization of the processes that occur in the book publishing and marketing chain, “financial and environmental sustainability, the coaching of its professionals within the face of the brand new enterprise actuality and the necessity to appeal to younger expertise.”

Sales units remain stable at almost 75 million printed books. Non-fiction maintains its leadership with 29% of the market, closely followed by fiction and the Children's/Youth area. Although all genres are growing, a slowdown is detected in comics after the great growth of recent years. “We are nonetheless removed from the specified figures, we now have an extended solution to go,” he encouraged “to not falter.” Ofelia Grandefrom editions Siruela.

Bookstores continue to maintain their leadership and growing compared to other channels. Specifically, its increase has been 4% compared to 2022, and a recovery is also observed in department stores and chains.

In this regard, the director and owner of the bookstore Serendipia, Elena Martinez, has pointed out that readers' preference for bookstores “corroborates the sensation of usefulness and the power to make a neighborhood.” “The algorithm, in the meanwhile, can’t overcome the shut remedy obtained in bookstores,” she stressed.

Despite the good results, all the members of the colloquium have highlighted the need to look to the future and continue working to strengthen and adapt the sector to the new needs of the market. In this sense, the director of the Germán Sánchez Ruiprez Foundation, Luis Gonzálezhas pointed out: “The smartest factor is to consider what’s going to occur in 5 or ten years and work so that individuals learn increasingly and the e book sector is more and more thriving in Spain. For that we have to have a look at the info as traits, with the intention to design at the moment's studying insurance policies and practice professionals on this trade for the longer term.