Publishing forecast firm Simba Information, US, has released a report titled Global Professional Publishing 2010-2011. According to the report, the global market for professional publishing products and services, led by the legal, science/technical and medical (STM) segments, will grow 3 percent through 2012, reaching $41.4 billion. The report further says 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 10 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.
Although the information itself is critical, providing searchable and accessible content that can be integrated into a professional's workflow is also key and defines the online services and abstracting/indexing market-the fastest growing delivery medium. According to the report, new developments in this market include publishers actively seeking partnerships that will enable users to search multiple databases at one time.
The Simba report is said to provide extensive data and analysis on the global market for legal, STM and business publishing. It segments each market by delivery channel, including books, journals, online services, abstract/indexing, newsletters/loose-leaf/directories and other. It tracks trends including the growth of e-books and online journals, the increased demand for international publishing, publishers' efforts against piracy and many more.
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