According to new report by Global Industry Analysts, Inc., the world e-readers market is forecast to reach 53,870,000 units by the year 2017. The global economic recession, which put several industries under pressure and in a state of turmoil, has failed to rattle the market for e-readers making it an exceptional product.
The report states that the “growing popularity of these handy devices is pushing the book, magazine, and newspaper publishing industries to redefine their existence in this digital age and in the aftermaths of economic turmoil. Although sales of ebooks presently account for only a small portion of the overall book publishing market, with the passage of time, this segment is forecast to emerge a mainstream market.”