By Emma HousleyThe British Library’s Digital Books Week 2016 is one of the biggest and most successful events in the country’s digital publishing industry.
This year, the British Library, the UK’s leading public library, announced plans to launch the first ever national ebook market.
This year, digital book sales in the UK have risen by 50% on last year’s figures, with ebook sales growing by 30% and ebooks sold in the first week of November up by 34%.
But this year, it looks like things are not quite going as planned for digital book buyers.
The number of UK ebook books sold has been steadily falling, and the UK has not been the biggest digital book market.
Instead, the first major market to open up was Ireland, where the number of books published has risen by a whopping 71%.
That’s a drop of 90%.
But digital book industry analysts are now warning that this fall in sales is not only a temporary blip, but could be the start of a long-term trend.
Digital book sales have been trending downwards for years now, but this fall was not caused by digital book sellers being slow to adopt new technologies, but instead the rise of new digital book retailers.
“We have a new wave of book retailers coming into the market in the last year or two, and there’s a lot of excitement in that,” says Tim Hulme, the CEO of the Bookselling and Publishing Association (BPA), which represents the UK book industry.
Hulme says that over the last decade, many of the best booksellers in the world have been established, but the industry was not prepared for this new wave.
“I think people are starting to recognise that there is a bit of a lull in the market and they’re starting to question what’s the best strategy going forward,” Hulmes says.
“The book market is not in a position to really be the big player in the future, but there are new opportunities that are out there.”
The BPA’s book industry group, the Booksellers and Publishers Association (BPPA), has also recently come out with a report, The Rise of the Digital Book and the Fall of the Paper Book, which is based on research from the BPA.
The report highlights that the digital books market in general is growing at an alarming rate, and this growth will continue to increase over the next few years.
“It’s very much like the paper book industry that has been growing and is starting to really pick up momentum,” Hoolme says.
“You have all these new retailers who are trying to capture the market, and they can’t compete with the huge market of the ebook market because the ebooks are really good.”
There are a lot more retailers who will do a lot better than the big ones.
They’re going to be a lot cheaper, so they’re going do a bit better in the longer term.
I think people will really feel the difference,” he says.”
I think the biggest impact will be that people will be able to read books for a little longer and a lot less time than they would have before.
I think people will really feel the difference,” he says.
And while this will definitely have a positive effect on the book industry, it could also lead to a drop in book sales.
“It’s going to affect the number and quality of books in the book store, and in the marketplace as a whole,” HULmes says, adding that this could lead to an increase in book prices.
“This is not a sustainable scenario,” he warns.
“This is a trend that’s going not to continue for very long.”
Digital book sales are up by 40% in the US over the past two years, with the UK now the second-largest digital market.
Hulms predicts that the UK will be the biggest market to fall, with digital book stores in the United States, Australia and New Zealand seeing a fall of about 10%.
Hulmed believes that this trend will continue, and that the best way to stop this is by introducing a new technology that would increase the sales of digital books in every country, including the UK.
“If you look at the UK market, if you look around the world, people are really looking to buy books online.
If you take a look at India, people really want to read online, too,” Hulsme says, explaining that this new technology could be a game changer.”
The biggest barrier is the lack of access to the internet, so we need to make sure that the internet is accessible to people,” he adds.