The publishing industry continues to grow, driven by the penetration of eBooks into the marketplace, making eBook security and protecting intellectual property a priority in preventing loss of revenue due to piracy. The ability to protect eBook products is key in fighting piracy, the unauthorized use or reproduction of another’s work that has become an increasingly serious issue for publishers. Book piracy in digital or print form is costing publishers worldwide billions of dollars annually. It generates substantial impact throughout the channel of distribution, hurting the authors, publishers, distributors, retailers and the readers.
In the United States, over 510 million eBooks were sold in 2014, coming close to the number of hardback print books, which sold 568 million. That is a total revenue of $3.37 billion in eBooks sales alone, and it does not include eBooks consumed through subscription services. The figures include trade (fiction and non-fiction), K-12 instructional materials, higher education course materials, university presses, and professional books. These materials are key revenue generating content for publishers that warrant eBook protection from piracy and file sharing.
As new innovative technologies arise, the piracy challenge will continue to change. A DRM solution can help companies protect their intellectual property and to establish eBook security processes that ensure revenues tied to digital property don’t disappear into any pirate’s hands.
Resources, and Research Reading List:
IPA Country Report: Publishing in Canada
U.S. Publishing Industry’s Annual Survey Reveals $28 Billion in Revenue in 2014