Buy-anywhere options to drive the digital publishing market
The study foresees digital content sales growing to nearly $16.5 billion worldwide in 2016, more than five times their 2010 level. Despite the enormous media focus on iPads, Kindles, Nooks and other eReaders, the market for digital content will not be tied to the success or failure of any single one of these devices, according to the new study.
Significant barriers to the growth of digital publishing remain, however, including licensing of back catalog material, the conversion of publishing workflows designed specifically for digital instead of print content, and most importantly for periodicals, pricing.
Paying for single issues of magazines and newspapers on the iPad in particular has met with resistance from subscribers accustomed to bargain-priced subscriptions rather than one-off sales.
Digital text sales will get an extra boost in 2012 as some of these challenges are met and high-quality color eInk readers become widely available. Although such readers are currently on the market, they do not offer the full saturation color that print magazine readers have come to expect.
Magazine and newspaper readership will still be greater on LCD-screen readers and tablet computers that can handle video and other graphics requiring a fast refresh rate, adds the research firm.
Larry Fisher, research director of NextGen, ABI Researchâ€™s emerging technologies research incubator, said: â€œConsumers can purchase digital texts through their PCs or smartphones, in addition to buying directly through their eReaders.
â€œThe variety of applications that allow people to buy this digital content reassures them that they wonâ€™t be tied to a single store - or device - for content. One-off sales wonâ€™t keep publishers from selling content to other device users, and Apple will likely offer some form of subscription service eventually.â€
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