Media industry and forecast analysis firm Simba Information, US, has released a new report titled 'STM Online Services Market 2009-2010'. According to the report, scientific, technical and medical publishing online services - electronic products that link content with other types of data, software and solutions - grew 4.8 percent in 2010 to $7.1 billion, helping lift the industry out of its recession-induced temper. The new report projects this highly competitive market will continue to drive growth through 2011.
Growth rates for online services, which were sky high at the start of the decade, have leveled off considerably, but they are still higher than for other STM publishing activities, the report finds. Professional publishers see online services as a key to driving future growth.
According to the report, all of the top STM publishers - Reed Elsevier, Thomson Reuters and Wolters Kluwer - are well into a strategy focused on electronic media and workflow solutions as well as wireless and mobile content delivery. Dan Strempel, lead author of the report, noted that demand for mobile access to content, especially from the medical industry, will continue to drive demand for services that are accessible on handheld devices.
The report finds that the foremost challenge facing the industry is a decline in spending by libraries which is tightening up the academic market, forcing big players and other publishers to develop and offer more add-ons and features to remain competitive.
The STM Online Services Market 2009-2010 report breaks out the online services market into four categories - Abstracting & Indexing Services, Content Providers, Healthcare Software and Services, and Health Science Market Research. It provides revenue estimates for STM competitor products and services in these areas. Coverage includes key products from Reed Elsevier, Thomson Reuters, Wolters Kluwer, ProQuest, American Chemical Society, IHS, Epocrates and others.
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