Monday, November 14, 2011

E-Book Consumers Loyal to E-Books

Book Industry Study Group’s recent on-going survey on Consumer Attitudes Toward E-Book Reading indicates consumers are showing increase devotion and approval of digital books.  According to BISG’s press release, “The e-book market is developing very fast, with consumer attitudes and behaviors changing over the course of months, rather than years,” said Angela Bole, BISG's Deputy Executive Director.  The press release also quotes Kelly Gallagher, Vice President of Publishing Services at Bowker who says,  “As e-books become the primary reading format for many consumers in the coming months and years, it will be essential for the publishing community to understand consumers’ individual preferences and desires in order to connect with them."

The press release reports that almost “50% of print book consumer who have also acquired an e-book in the past 18 months would wait up to three months for the e-book version of a book from a favorite author, rather than immediately read it in print.  A year ago, only 38% said they would wait this long.”

Here are the results taken directly from the press release:
·         “Power Buyers are spending more.  More than 46% of those who say they acquire e-books at least weekly (considered “Power Buyers” in this survey) report that they have increased their dollars spent for books in all formats, compared with 30.4% of all survey respondents. This statistic is important because Power Buyers have proven to be a bellwether of overall consumer behavior by three to six months.”

·         “Amazon momentum continues. continues to be the preferred source for e-book acquisition (holding steady at 70%) and e-book information (44%). Barnes & Noble comes in second at 26%, with Apple in third.  One to watch: libraries, which are on the upswing as a preferred source for e-book acquisition.”
·         “Satisfaction with e-reading devices is high. Seventy-five percent (75%) of respondents reported they are satisfied with their e-reading device, including more than 38% of respondents who reported being “very satisfied.” Less than 5% said they felt their e-reading device was not a good value for the money.”

·         “Many barriers to e-book reading are falling. Survey results indicate that concerns about e-book availability are diminishing.  And although the cost of e-reading devices remains a reported concern, the single most popular answer to the question of what hinders respondents from reading more e-books was “nothing” at 33% (up from 17.6% a year ago).”

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