New Market Research Report: Global Scientific and Technical Publication Market 2015-2019
Recently published research from TechNavio, "Global Scientific and Technical Publication Market 2015-2019", is now available at Fast Market Research
[USPRwire, Sun Aug 30 2015] Scientific and technical publishing refers to the research and distribution of scientific and technical content in the form of books, journals, online services, and e-books for further research and academic use by students and professionals.
The global scientific and technical publishing market is expected to grow at a CAGR of 1.09% during the forecast period. In 2014, the US and EU accounted for 72% of the global market, which is a decrease from 84% in 2011. The rapid growth of the scientific and technical publishing market in developing countries such as China, Brazil, and India has led to a decline in the market in developed countries. The leading vendors in the market are Informa, John Wiley & Sons, Reed Elsevier, Springer Science+Business Media, and Wolters Kluwer.
Commenting on the report, an analyst from Technavio's team said: "Rapid growth in research in Asian countries, which have the highest proportion of non-English publications worldwide, has opened up opportunities for regional publications. China is ranked second to the US in terms of market share, and its research output has grown over the past five years. Asia-10 countries have also been experiencing a significant growth."
According to the report, the growing popularity of digital media has caused a shift from traditional print media to digital platforms, particularly in developed countries. However, the e-books segment is expected to have the highest growth rate during the forecast period.
Further, the report states that the research content available to customers are from non-profit publications and publications from societal research, which are available at relatively lower prices. This affect the revenue of commercial research publications.
The key players in the Global Scientific and Technical Publication Market are Informa, John Wiley & Sons, Reed Elsevier, Springer Science+Business Media and Wolters Kluwer
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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