ROCKVILLE, Md., September 24, 2020 / PRNewswire / – Shuttered colleges and corporations to enact ghost town emergency measures turned centers of dissemination of the novel Coronavirus to stop academic and professional e-book sales decline for the first time in 2020, according to the latest lead report from Simba Information.
“The consumer book market is different from academic and professional books. Some of the post-lockdown trends in the professional audience are very positive for e-books, as people spend more time reading at home and e-books are easier to acquire. These trends do not necessarily flow through to the professional market, where uncertainty arises at university level and in boardrooms will have an impact on budgets, “said Dan Strempel, Senior Business Analyst and Professional Group at Simba Information.
Scholarly and professional book publishers generally rely less on sales to individuals. Academic libraries and corporate clients make up a larger proportion of sales. Librarians plan on reduced budgets with some reporting cuts of up to 20%. Companies have adjusted their planning on a monthly basis and incorporated performance-related contingencies.
The report, Scientific and professional e-book publishing 2020-2024, examines the scientific and professional market, including e-books in law, economics, science and technology, medicine, and social and human sciences. It found that sales of academic and professional e-books increased slightly in 2019 but will decline between 2 and 9% in 2020 depending on the segment studied, with STM publications being the most stable and legal and business publications recorded the largest declines.
Scientific and professional books face major challenges. Academic library budgets are under pressure, which has hit books especially hard after decades of losing budget battles to journals and databases. In the large US market, enrollments in law schools are declining. Printing sales and total sales are declining and these trends are expected to continue.
Although e-books are becoming more attractive with library customers, the market is showing signs of maturity. The growth in professional e-books had largely leveled off in recent years. Individual e-book sales have declined. The institutions have already moved on to buying collections, and the growth that will be borne out of this move could already be realized. Professional e-books will be relatively flat by 2024.
“It is clear that the e-book was not the direct replacement for all of this demand as printed books have fallen out of favor with professionals. These sales are also being supplanted by applications on tablets and cell phones, electronic references, and” other online services “said Strempel.
Scientific and professional e-book publishing 2020-2024 provides an overview and financial outlook for the global academic and professional e-book publishing markets based on specific research and analysis of the performance of leading competitors. The performance of the leading competitors is forecast through 2020. Scientific and Professional market categories are forecast through 2024. The report also discusses trends, challenges, pricing models, usage, major e-book publishers, aggregators, and platform providers.
About Simba information:
Simba Information is widely recognized as the market intelligence authority in the media and publishing industries. Its extensive information network provides high-quality, independent perspectives on the people, events and alliances that shape the industry. Simba routinely assists clients and the press with analyzing the publishing and media industries. follow us on Twitter and LinkedIn.
Please direct all media inquiries to:
Dan Strempel
[email protected]
SOURCE Simba information
similar links
http://www.simbainformation.com
Comments are closed.