As of 2020, the estimated net revenue the book publishing industry generated reached almost 26 billion U.S. dollars in the country alone. Though it went down slightly, book publishing is still stable and developing, especially with the emergence of digital platforms.
Audiobooks are digital records of books through spoken media. They address the needs of busy people who can’t read printed books while traveling to work or running home errands. A report stated that digital audiobooks have continually been growing since 2012. With that, ReadersMagnet is now exploring the opportunity to help self-published authors hear their books in audio form.
You’re on Time for the Demand.
While the demand for print books dwindled a little over the last decade, the need for audiobooks skyrocketed. Audible, an audiobook platform owned by Amazon, has been a top exploding topic in the past 15 years. The fact is that the keyword “audibles” has a search volume of 1 million monthly on Google.
Audiobook consumption among adults rose to 20% in 2019, which is close to double the 2011 figure. Statista added, “More than 45 percent of American adults responding to recent annual surveys now claim to have listened to an audiobook at some point in their lives.” With that, we can say that you are just in time to dig deeper into understanding this publishing trend.
You Can Read More Books.
It’s now time for you to finish all the books on your shelves covered with dust. Obviously, audiobooks are not the same as eBooks where you can read the words. Nonetheless, listening to the stories narrated via audio platforms is like reading the whole story without seeing the alphabet. It can be more intriguing and captivating.
You can now cook, trim the bushes, shop for your groceries, go to the gym, travel to your office, walk along the beach, and do everything that makes you busy while listening to the audio form of your favorite novel.
You’re in the Age of AI.
AI, or artificial intelligence, is now becoming more like humans. With the goal of making things fast and seamless, Big Tech giants are investing millions and billions of dollars in deep learning and machine learning.
ByteDance, best known for its short-video app TikTok, launched an audiobook app in 2020. The digital platform uses AI-generated voices in narrating books. Nevertheless, machines can’t still mimic human emotions. Human narrators can still do better in reading books.
ReadersMagnet, a finalist of the BBB Torch Awards for Ethics 2022, welcomes innovations in the self-publishing industry. We’re open to opportunities where our authors can have a voice to share their stories with the world. Stay updated with the recalibration of our services. Contact us at [email protected] or 1-800-805-0762 for further assistance.
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