Digital manga market worth 65 billion yen from April 2013 to March 2014

A report released by Yano Research states that the digital manga market in Japan was worth an estimated 65 billion yen (about US$540 million) in the 2013 fiscal year (April 2013-March 2014). This accounts for almost 80% of the larger digital book market in Japan, which was estimated to be worth around 85 billion yen (US$710 million). The digital book market in Japan in the 2013 fiscal year is estimated to have grown 19.7% compared to the previous fiscal year.

The same report also estimates that the 2014 fiscal year will see a further 23.5% growth of the digital book market, to an estimated 105 billion yen (US$880 million). By the 2017 fiscal year, the digital book market will be worth a projected 191 billion yen (US$1.6 billion). The manga market is supported heavily by e-book releases of classic works, but growth has begun to slow. E-book sales of novels and other literature are expected to rise.

Source: ITpro Active