COVID19 & Digital Publishing
COVID-19 has had a massive impact on our economy. It has changed how we work, shop and socialize. The publishing industry is no exception.
COVID-19 has forced the publishing industry – and the world – to change and adapt in unprecedented ways. From small, independent publishers to large conglomerates, the publishing industry has been rocked by this pandemic.
COVID-19 has changed how books are published and distributed, how authors and readers engage with each other, and how bookstores operate.
Publishers have been forced to make drastic changes to their business models in order to survive the economic downturn. This is especially true of smaller publishers with limited resources.
The pandemic has reshaped the traditional publishing process. Now is a time of transition for the publishing industry as it works to adapt to these unprecedented changes.
COVID-19 has driven more readers online
No doubt, physical sales are drying up; nevertheless, digital publishers have seen a boom in readership and online sales. Digital publishing platforms have reported an increase in business. Some digital publishers claim that COVID-19 has pushed them towards profitability. This has happened because as the coronavirus spreads around the world, entire nations stay indoors. People are stuck at home with nothing to do, except to read books and watch Netflix.
As physical bookstores and libraries are closed, they have become more dependent on their web resources. This has led to an increase in online readership and subscriptions. As a publisher or business owner, it’s high time to adopt digital publications and go with the trend to increase your reach and business.
COVID-19 has drastically changed the education and service sector
As government restrictions have been imposed across a lot of countries around the world, schools and colleges have started online classes. They have digitized their teaching materials so that students can learn online.
In the same manner, offices have begun the culture of work from home. This led to an increase in digital training manuals and other digital documents.
This behavioral change is not going to change
It is pretty safe to say that the dependence on web resources to read, purchase, and socialize is not going to change in the near future to the minimum. This behavioral change has come up owing to the market and public demand.
The global digital publishing market is only going to expand in the future. As a forward-thinking publisher or business, you need to invest in digital publishing.
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