Industry Analysis & Industry Trends
Economic uncertainty over the past five years, especially in Europe, weighed down revenue growth in the Global Book Publishing industry. Over this period, a transition toward digital technology, such as e-books, has created a fast growing segment; however, e-books are difficult to price, which has posed an interested challenge for the industry. In the coming years, disposable income and literacy growth will support industry growth. The increasing use of the internet will facilitate book sales, and the convenience of e-books will also expand the overall book market... read more
Industry SWOT Analysis
Advanced countries are the largest market for books, but consumer spending on books in these countries has been slow due to low disposable income and a transition to less expensive online products during the past five years. However, growth in spending on books in some emerging economies has been fast, especially as literacy rates and disposable incomes improve. Industry value added (IVA), which measures the industry's contribution to the global economy, is forecast to grow at an annualized rate of 2.2% over the 10 years to 2021 as a result of these conflicting trends. Consequently, the industry will decline as a proportion of World GDP, which is projected to rise an annualized 3.1% during the same 10-year period.
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