Home 5 Articles and Reports 5 Forbes: American self-publishing segment continues to grow

Forbes: American self-publishing segment continues to grow

by | Dec 9, 2019 | Articles and Reports, News

Continuous interest in e-books, print on demand and audio books led to a rising growth in the US self- publishing segment despite the slowdown in the general publishing industry.

According to “Forbes” magazine, In 2017, the self-publishing segment grew at a rate of more than 28% with the total number of self-published titles rising from 786,935 to 1,009,188, surpassing the million mark for the first time, said the latest report by Bowker, a ProQuest affiliate.

Self-publishing of print books also increased for the fifth consecutive year, due to a

50% increase at  the popular CreateSpace, which was recently acquired by the self-publishing platform Amazon KDP.

In fact, self-publishing will continue to rise as a result of the popularity of CreateSpace in 2017, and because its customers will continue to move to the new Kindle Direct Publishing platform.

All signs indicate that self-publishing segment will not slow down and will continue to grow at a steady rate far beyond the traditional book industry whose revenues have been recording flat rates.

An annual report by the Association of American Publishers showed that the US book publishing industry generated a flat rate which is estimated at $26.23 billion in net revenue for the year 2017, representing 2.72 billion books.

With the anticipated continuous growth of the self-publishing segment, new opportunities have come up for entrepreneurs who can launch startups specialized in the very much needed related services by new writers and authors.

New authors need a variety of services including writing classes, editing books, design covers and marketing campaigns.

They equally need to understand how they can format their books for Amazon and organise and SEO the content so that buyers can find their books.

Recent News

22Jul
Edinburgh Book Festival Reveals 2024 Industry Program

Edinburgh Book Festival Reveals 2024 Industry Program

The Edinburgh International Book Festival has announced its comprehensive industry program for 2024, spotlighting publishing in its new venue, the Edinburgh Futures Institute.   Commencing on August 14, the festival will kick off with Global Ink, a dedicated international industry day. This event will bring together professionals from Scotland, the UK, and beyond to explore […]

22Jul
“The Cleaner”: Debut Novel Gains International Interest”

“The Cleaner”: Debut Novel Gains International Interest”

There is much interest in a debut novel called The Cleaner by new British writer Mary Watson.  Penguin Random House (PRH) will publish in the UK under the Bantam imprint and PRH imprint Crown will publish in the US.  Rights have already sold to Italy.   In the UK Deputy publishing director Thorne Ryan acquired […]

21Jul
Amazon Literary Partnership Reveals 2024 Grant Recipients

Amazon Literary Partnership Reveals 2024 Grant Recipients

A raft of funding updates, from the Amazon Literary Partnership announcing its grant recipients for 2024, to the National Lottery Community Fund supporting almost 4,000 charities and community groups across England in the last four months. Also – grants available to transform community spaces from Asda Foundation. Africa Writes, Literature Works and Stories of Our […]

Related Posts

“The Cleaner”: Debut Novel Gains International Interest”

“The Cleaner”: Debut Novel Gains International Interest”

There is much interest in a debut novel called The Cleaner by new British writer Mary Watson.  Penguin Random House (PRH) will publish in the UK under the Bantam imprint and PRH imprint Crown will publish in the US.  Rights have already sold to Italy.   In the UK...

Amazon Literary Partnership Reveals 2024 Grant Recipients

Amazon Literary Partnership Reveals 2024 Grant Recipients

A raft of funding updates, from the Amazon Literary Partnership announcing its grant recipients for 2024, to the National Lottery Community Fund supporting almost 4,000 charities and community groups across England in the last four months. Also – grants available to...

Gen Z Brings New Life to Kafka on TikTok

Gen Z Brings New Life to Kafka on TikTok

On TikTok, classic authors like Franz Kafka are enjoying renewed popularity. On the social platform, Gen Z are reinterpreting The Metamorphosis and other works through creative videos, integrating pop culture references and personal experience. People might assume...

Previous Next
Close
Test Caption
Test Description goes like this

Pin It on Pinterest