The latest edition of the EPS Market Monitor - Scientific, Technical & Medical (STM) provides a complete, updated analysis of the market, including size, segmentation, market shares, financial performance of publicly-traded companies, leading playersí strategic activities, and forecasts by subject matter, geography, and content type.
Findings of the 59-page report include:
Publicly-traded STM publishers grew 8.6% in their reported currencies in 2005; aggregate profit margins held steady at 25%
Thomson posted the strongest increase in profits with a year-over-year gain of 20.5%, outperforming its peers and the market average of 17.7%
Elsevier achieved the strongest organic growth: 5% and 6% in its Science & Technology and Health Sciences divisions, respectively
The five largest players (Reed Elsevier, Thomson, Wolters Kluwer, Springer and Wiley) continued to acquire scale, and now account for over half (52.3%) of total market revenues
Revenues from digital content distribution may be nearing a tipping point: 60% of STM revenues, and close to 70% in S&T alone, are now derived from electronic products
Among the leading eight players, the pace of acquisitions increased modestly in 2005; Elsevierís purchase of MediMediaís European and U.S. Netter professional medical publishing businesses for about USD336 million, and the completion of Thomsonís acquisition of IHI for USD441 million were the two largest deals
The STM publishing and information services market is expected to reach USD10.8 billion in 2008, a 4% compound annual growth rate
Taken as a whole, these findings show that STM publishers are doubling down their investments, as the sector continues to record robust performance despite the spread of open access journal publishing, noted Steven Sieck, director of the Market Monitor programme. The leading publishers are concentrating development efforts on expanding their content portfolios, and continuing to make significant investments in digitization and value-added navigational and workflow solutions.
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Scientific, Technical & Medical (STM) information market to reach nearly $11 billion dollars by 2008
- as electronic revenues reach critical mass.
