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Ebook market projected to reach $9.5 billion by 2010

Global Industry Analysts published a report that looks closely at the ebook market in the US and Europe:
United States is the largest market for online books worldwide. The market is estimated at US$4.8 billion in 2007 as stated by Global Industry Analysts, Inc. Europe is the second largest regional market with a projected value of US$2.76 billion in 2009. The US and Europe together account for close to 95% of the global online books market. The global and regional markets are expected to register CAGRs ranging between 13% and 17%. Online sales of consumer books are estimated at over US$4.2 billion in 2007.     Academic and professional books are forecast to register sales worth about US$3 billion in 2008.

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