The Business Of Digital Publishing
With broadband making its way into 320 million households worldwide, the digital publishing business is seeing its evolution towards the big league, garnering in revenues close to $430 billion says the Business Standard.
In the west, digitisation has witnessed a revolutionary growth. Microsoft and the British Library announced a partnership to digitise 25 million pages from 100,000 out-of-copyright books in the British Library’s collection in 2006, while in China, recently, the government decided to supply 165 million students with an e-reader in order to avoid all the physical costs associated with textbooks.
This has also led to a boon for India, with the Indian publishing industry growing by over 15 per cent this fiscal year, aided by major international book and journal publishers such as Oxford, Cambridge University Press, Prentice Hall, Macmillan, Elsevier and Springer who have been outsourcing a lot of business to India in content transformation, where the work goes beyond the printed word to CDs and other electronic formats.
The Rs 80 billion publishing industry in India has lots to look forward to.
Filed under: Business, India, Statistics