Global eBook Market Grew 200% In 2010

In 2010, the global eBook market grew by more than 200%, exceeding more than 90 million purchased eBooks, according to a new report from Futuresource Consulting.

“This equates to a value of more $900 million and was largely attributable to growth in the US region, which represented more than 80% of global revenues last year,” said Fiona Hoy, market analyst at Futuresource Consulting in a statement.

According to Hoy, the global increase was driven by growth in the US region, which represented more than 80% of global revenues last year.

Last year, Western Europe represented about 10% of global eBook revenues, which was dominated by the UK market. But other countries are picking up the pace, with the growth of local eBook businesses, and by 2014, Hoy expects that the U.S. revenues will only be 50% of the global eBook market.

As local-language content grows, Hoy expects Western Europe’s share of global eBook to grow rapidly. “Western Europe’s share of global e-book revenues will grow significantly, contributing in excess of $6 billion towards global revenues in 2014,” she said.