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In 2022, American writer Colleen Hoover widely dominated global book sales. Six of the ** best-selling books that year were written by the Texas author, including the top three spots. Her work It Ends with Us sold around **** million copies, while Verity: The Shadow of Deception exceeded *** million units. Closing the podium, her book Regretting You came close to *** million copies that same year.

The Publishing Market Today

Despite concerns from certain groups about a loss of interest in reading due to the growing popularity of other forms of entertainment, the reality is that the number of readers worldwide has continued to grow. Not only that, but the size of this market reached nearly billion U.S. dollars in 2022 and is expected to close 2023 approaching billion. Much of this was due, not surprisingly, to the United States. After all, only in the land of opportunity did the book industry generate more than **** billion U.S. dollars during the last year, surpassing the second-place country by nearly *** billion.

The Rise of ebooks and the Death of Paper?

One of the questions raised recently, however, is the role that printed editions actually play in the sector today. Technological advances have led to an increase in the popularity of new formats such as electronic books. In fact, the penetration rate of ebooks has maintained a widespread upward trend since 2017, now standing at around ** percent of the global population. Additionally, in 2022 alone this segment generated around ** billion U.S. dollars worldwide. Despite this, the traditional book remains the main source of revenue for this market. In fact, in 2022 it accounted for more than ** percent of the sector’s earnings.