US Digital Content to hit $33b in 2020

mediaIDEAS (a global research and advisory firm) has just released a report with their predictions for how the US ebook market is going to grow over the next 10 years. Here's the high point from the press release:

According to the report, at the end of 2014, the US user base of ereaders will have grown aggressively to nearly 45 million, and the market for all categories of content sold for these devices will have increased to approximately $10.86 billion. And, by 2020, this ereader content market will have risen to more than $33 billion.

They just moved themselves into the category of: "People I know better than to pay attention to". If there's one thing I've learned as a blogger, it's that you can't make predictions for 10 years down the line. No reputable person takes these predictions seriously because there is too great a probability that the prediction will not come to pass. It's really little more than gossip. Heck, I know a bunch of people who won't make a prediction for a year in the future, much less 10. Things change to fast.

About Nate Hoffelder (11208 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader:"I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

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