Big STM: the market is still growing
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.