Simba’s new report, Global Professional Publishing 2022-2026, covers the latest trends and business performance in the four major professional publishing segments: Tax, Accounting & Business; Legal; Scientific & Technical; and Medical publishing.
In 2021, the top ten competitors in the professional publishing market delivered revenue of $40.9 billion, with a healthy gain of 8.4% over 2020. The new report reveals how the major professional publishers, including RELX, Thomson Reuters, and Wolters Kluwer are dominating the market.
Analysis of the market structure, drivers, and leading competitors forms the foundation of the report, encompassing market performance, business strategies, acquisitions and divestitures, and new product launches. The reader of the report will gain a deeper understanding of overall market dynamics.
The study defines trends that are shaping the marketplace, such as the impact of new government legislation, as well as the sharp increase in tax rates around the globe. The growing automation of tasks across business functions creates new opportunities in the Business segment, while publishers in Scientific & Technical and Medical segments adapt their business models to the open access publishing trend.
The new Simba report outlines extensive M&A activity, and its effect on the professional publishing landscape. Several major acquisitions herald a period of transformation in the category— as some competitors exit the space, while newcomers identify promising segments of the market.
Global Professional Publishing 2022-2026 provides an in-depth analysis of innovation strategies employed by top competitors, showing how major competitors are fueling growth. This market report reviews the growing application of artificial Intelligence, machine learning, and natural language processing in new platforms, tools, and solutions.
Elsewhere in the report, the reader will find insights about product customers, trends in product use, geographic skews, product formats, and challenges facing the industry. The report closes with Simba’s near-term outlook for the leading competitors, which are expected to deliver growth of 6.7% for 2022, and a forecast for product segments and the overall category over the 2022-2026 period. Simba forecasts that the total professional publishing market will reach $88.4 billion by 2026, driven by high single-digit growth in the platforms/tools & solutions segment.
This report provides detailed analysis of the performance and strategies of leading competitors, including RELX, Thomson Reuters, Wolters Kluwer, Gartner, S&P Global, IHS Markit, Intuit, Kantar, Sage Group, and Springer Nature.