Global Professional Publishing Industry to Grow 3% in 2012: Simba Information
March 9, 2012
9 March 2012. Stamford, CT - March 8, 2012 - Publishing forecast firm Simba Information reveals the global market for professional publishing products and services, led by the legal, science/technical and medical (STM) segments, will grow 3% through 2012, reaching $41.4 billion. According to a recent report by the firm, print and electronic books were the leading delivery method, closely followed by online services and abstracting/indexing.
Print books still dominate the landscape for professional publishing, representing the largest chunk of revenue from the top ten leading publishers. Additionally, the report finds double-digit growth for e-books. Mobile and internet applications have also experienced significant growth recently, as publishers have stepped up production efforts.
have stepped up production efforts. "Publishers are investing millions in electronic books, especially in iPad textbook production," said Dan Strempel, senior analyst at Simba Information. "In 2010, 13.1% of the top ten professional publishers' book revenue was generated by e-books sales."