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New Global Outlook Report Predicts Growth in Publishing Industry

Global Industry Analysts, Inc. (GIA) released a global outlook report on the publishing industry last month, predicting that it will reach $322.7 billion by 2015. This news comes following an unstable point brought on by the global economic recession, but shows that the industry should recover in the coming years. Dropping book sales, fewer new titles, and changing reading habits are all effects of the recent recession, but have started to turn around through greater advancement in technology, growth in scientific, technical and medical (STM) as well as digital publishing, and the ever-growing number of self-published authors. GIA’s “Publishing Industry: A Global Outlook” provides a collection of statistical anecdotes, market briefs, and summaries of research findings covering regions such as the U.S., Canada, Asia Pacific, Latin America and the EMEA (Europe Middle East and Africa).

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