Publisher predicts e-book boom for Taiwan by 2015

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CNA

TAIPEI–Taiwan’s e-book market will grow dramatically in the next three years as large numbers of e-book readers and tablets are expected to be available in the region by then, a local publisher said recently.

By 2015, the number of e-book readers and tablets is expected to exceed two million units in Taiwan, a figure that is big enough to drive forward the e-book industry faster,” Yu Kuo-ting, chairman of the Taipei-based Taiwan E-book Association, told CNA in an interview.

Taiwan’s e-book industry lags behind the United States’ by three to five years, and thus 2015 is very likely to be the turning point, said Yu, who is also the managing director of Master60 Publishing Ltd.

Citing comments made by George Slowik, president of Publishers Weekly, Yu said that the U.S. e-book market has been mature, accounting for 25 percent of the country’s total publishing industry, and that the share is expected to double within three years before reaching 80 percent in five years.

Yu however noted that electronic books can never replace paper books, as “the demand for traditional books is always there.”

Although e-books have the strengths of comprehensiveness and ease of sharing and searching, “there are always people who prefer to indulge themselves in the world of reading through turning the pages and smelling the scent of books,” Yu said.

He said publishers in Taiwan need to find a new business model to flow with the trend, such as selling books in both traditional and digital versions, as the paper book market is shrinking, while the e-book market is relatively small at the moment.