The e-book business is thriving, despite the competition between digital, print and audible books, according to the boss of an e-reader company.
The publishing sector has been experiencing recovery in recent years, after a period of decline. Between 2011 and 2014, publishing revenue fell from $165 billion to $145 billion, according to statistics from Euromonitor. The global book market shrunk 7.4 percent between 2011 and 2012.
But the industry has proven to be resilient, according to Michael Tamblyn, CEO of Kobo, which sells e-reader apps and devices, as well as e-books.
"I think what's amazing about this industry is every year it finds a new driver for growth and so we see that in the move back and forth between print and digital," he told CNBC.