The global publishing market size is poised to grow by USD 23.73 billion during 2020-2024, progressing at a CAGR of over 1% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Publishing Market 2020-2024 (Graphic: Business Wire)
E-books are increasingly becoming popular among learners, as they are convenient and enable easy access to multiple books at the same time through subscription plans. The launch of smart devices has further increased the accessibility of e-books over digital platforms. The availability of e-books has also increased in e-commerce sites, which has provided vendors an opportunity to further expand their customer base. Some of the popular e-commerce vendors that offer e-books include eBay, Amazon, Walmart, and the Alibaba Group. Therefore, the rising popularity of e-books is expected to drive the growth of the global publishing market during the forecast period.
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The major publishing market growth came from the traditional publishing segment in 2019. This is due to the adoption of various business strategies such as the paid model by newspaper publishers.
APAC was the largest market for publishing in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the growing adoption of technology in the education sector of rapidly emerging economies such as India and China.
The global publishing market is concentrated. Amazon.com Inc., Cambridge University Press, Hachette Book Group Inc., McGraw-Hill Education Inc., News Corp., Oxford University Press, Pearson Plc, RELX Group Plc, Springer-Verlag GmbH, and Thomson Reuters Holdings Inc. are some of the major market participants. To help clients improve their market position, this publishing market forecast report provides a detailed analysis of the market leaders.
As the business impact of COVID-19 spreads, the global publishing market 2020-2024 is expected to have positive. As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts.
Read the full report here: https://www.technavio.com/report/publishing-market-size-industry-analysis
Rise in the number of indie and self-published authors will be a Key Market Trend
Many authors now prefer to self publish their content as it eliminates the dependence on publishers. Self-publishing also saves time and cost and is more profitable for authors. In the traditional book publishing market, authors earned only 15%-20% of their book’s cost as royalty. However, in self-publishing authors can earn nearly 60%-80% of the cost of their books. Moreover, by self-publishing authors eliminate the risk of losing the rights and control over their books. Many such benefits have increased the number of indie and self-published authors over the years. This trend is expected to have a positive impact on the growth of the global publishing market during the forecast period.
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Publishing Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist publishing market growth during the next five years
Estimation of the publishing market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the publishing market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of publishing market vendors
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Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Platform
Comparison by Platform placement
Traditional - Market size and forecast 2019-2024
Digital - Market size and forecast 2019-2024
Market opportunity by Platform
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market positioning of vendors
Cambridge University Press
Hachette Book Group Inc.
McGraw-Hill Education, Inc.
Oxford University Press
RELX Group Plc
Thomson Reuters Holdings Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201001005739/en/