Simba’s Global Professional Publishing 2022-2026 market research report has found that that the total market for this category is valued at $74.7 billion for 2021, which represents a gain of 4.9% over 2020. This industry includes the following four professional publishing segments: Tax, Accounting, and Business; Legal; Scientific and Technical; and Medical Publishing. Simba also forecasts the total market to reach $78.5 billion in 2022, gaining 4.8% over 2022; however, a poor macro environment is expected to dampen some growth through 2026.
In addition to analyzing the market size and segments for these key segments, the report provides details on a wide range of other issues, trends, and forces defining and impacting the global professional publishing market. These include a breakdown of the market by format, geography, and sources of information; analysis of the macro environment including the impact of government policy, taxes, and R&D; an overview of the product landscape, broken down into online content, journals, books and other formats; and an analysis and profile of the leading players: RELX, Thomson Reuters, Wolters Kluwer, Gartner, S&P Global, IHS Markit, Intuit, Kantar, Sage Group, and Springer Nature. Also detailed are M&A activity among all segments for 2020, 2021 and 2022; as well as a global perspective and forecast.
Key Findings
Among the key findings highlighted in the report are:
The largest segment withing professional publishing is Tax, Accounting and Business, which generated revenue of $40.8 billion in 2021, gaining 7.1% year over year.
RELX continues its reign at the top of the professional publishing industry, delivering revenue of $8.9 billion in 2021 with a market share of 11.9%
Strategic M&A activity, a tight market focus, and application of advanced technology has powered the tax, accounting, and business segment as the growth engine for professional publishing.
Content-drive technology, incorporating AI, machine learning and other advanced technologies is creating new opportunities for publishers to drive growth and improve profitability.
About Simba Information
Publishers and investment professionals can trust Simba’s Global Professional Publishing 2022-2026 to provide the inside intelligence needed to evaluate the growth potential and understand the trends impacting the market for publishers of information in tax, accounting, and business; legal; scientific and technical and medical.
This report is an essential tool for publishing executives, M&A advisors, market analysts, and industry consultants who need to understand the larger trends and necessary business strategies when considering the global professional publishing market.
Simba has the knowledge base and perspective gained from more than 20 years’ covering this market and the rapid changes in technology, the economy, mergers, partnerships, and public policy that affect it.