Scientific, Technical and Medical Publishing Industry Market Research Reports, Analysis & Trends
Scientific, Technical & Medical (STM) publishing are varieties of industry that comprise organizations that publish books, journals, directories of legal, scientific, medical and technical in nature. The global STM publishing industry has experienced a great improvements in revenue growth, advancement in technology and usage of materials used for publishing. There are more publishers today than there were a decade before, so the competition to acquire larger share of market has become very fierce and involves a lot of innovative measures taken. The sole aim of STM publication houses is to provide an in depth and comprehensive analysis of the collated data from authoritative sources and analysis of an in house team of analysts.
Scientific publication STM publishing business is a multi-billion industry that is broadly divided into scientific publishing where academic texts, research papers, technical publishing consisting of technology and advanced machinery related publications, and medical publishing where healthcare and medicine related data is published. Scientific publishing is the fastest-growing media sub-sector since two decades as a result of many innovations and discoveries in the field of astrophysics, chemistry and many other scientific streams. The STM industry focuses heavily on industry structure, key developments, transactions and the competitive environment for a significant understanding of the current and future prospective approaches along with a dedicated focus on the media, telecoms and technology industries, the authors publish research materials that are relevant, rigorous and comprehensive.
The overall STM publishing industry is segmented into variety of content delivery channels, some include books, journals, directories, online services, audio and video information, newsletters and CD-ROM information. STM publications provide inside intelligence for evaluating growth potential and to understand trends that affect and influence industrial changes. The size and competitors dynamic markets that encompass demands, transition of e-publishing, cost pressures, utilization of social media, impact of new IT initiatives in healthcare and the outlook for pharmaceutical advertisement that generates a substantial amount of economic balance. Libraries and academics have been trying to develop new ways to disseminate academic knowledge and research for many decades, but the barriers to the incumbent journals are just too huge as the loyal readership and brand recognition play an important role; thus, there have been few successes in forming buyer groups in limited numbers by the usage of digital medium. With competition at an all time high, the STM publishing industry worldwide and organizations involved in it have capitalized on the most lucrative opportunities and have conquered the most formidable challenges in a critical time.
Industry Current Trends
The global professional publishing has evolved into a comprehensive, analytical and structural discipline that provides publishing solutions to all industries that require their materials to be recorded and documented. The key trends that have influenced to such an enormous growth in the publishing market include STM publishing companies size, businesses, mediums, strategies and merges and acquisitions. According to Stamford, the global market for professional publishing products and services that include STM segments was estimated to reach $41.4 billion and the future growth is predicted to be excellent as the digital medium plays a vital role in attracting larger audience and prospective readers.
The growth trends for STM publishing are particularly found in e-book production and increasing output from emerging foreign markets, especially in India which is on par with most G8 nations by 2017. In the scientific and technical segment, journals lead the delivery medium with approximately 42% of the market and online services such as electronic products that link content with other types of data and software are expected to increase in demand as the fastest growth has been recorded continuously since 2011. The delivery medium for medical publishing is also brimming with online services incorporated for efficient sustainability of healthcare related materials and products.
Major Industry Players
Major companies and publishers that are involved in STM publishing are Elsevier, Cambridge University Press, Springer Science+ Business Media,Thieme Publishers, CBS Publishers & Distributors Pvt Ltd, French National Center for Scientific Research, McGraw-Hill Professional India and Association for Computing Machinery.