According to the research report titled ‘Global Book Publisher Industry Market Size Study, by Type (consumer books, educational books and religious books), by Age group (Below 12 Years, 13 Years to 18 Years and Above 18 Years) and Regional Forecasts 2020-2027’, available with Market Study Report, global book publisher industry market was worth at USD 85.9 billion in 2019 and is anticipated to record 2% CAGR over 2020-2027, amassing USD 100.53 billion by the end of the forecast timeframe.
 

Increasing volume of purchaser records along with a surge in social media utilization and subsequent rise in consumer data are primarily stimulating global book publisher market growth, cites the study.
 

Notably, the book publishing industry has gone through significant changes in the previous decade owing to growing accessibility to internet and emergence of convenient online book reading products and services. Besides books, book publishers' products include maps, college or university textbooks, spiritual books, atlases, encyclopedias, technical manuals, and travel courses (except for unique internet publishing).
 

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With the rising penetration of internet and online media, E book publishers will have extensive and detailed visibility into the data of their vendors, customers, and other stakeholders. Publishers who pursue a digital-first strategy are significantly investing in creating an in-house statistics and analytics team.
 

For instance, unit sales of print books increased 8.2% in 2020 as compared to 2019 at stores that document to NPD BookScan. Devices reached 750.9 million in the year ended January 2, 2021, up from 693.7 million the year before. Aforesaid factors are largely driving worldwide book publisher industry expansion.
 

Training/reference/language, which rose 55.5% in the last year, and video games/sports/pursuits, which increased 31.3%, were the two most popular subcategories. Also, print-on-demand (POD) is gaining popularity among book publishers as it enables them to regulate printing and inventory costs.
 

On the downside, the lockdown imposed by the government to curb the spread of Covid-19, has disrupted businesses, thereby hampering the remuneration scope of the industry.
 

Regionally, Asia Pacific presently holds considerable portion of global book publisher market share owing to presence of large number of book reader base in the region.
 

Meanwhile, North America industry is projected to showcase an appreciable growth over the coming years, attributable to growing popularity of online books among the populace.
 

Prominent players in global book publisher market sphere are McGraw-Hill Education, Simon & Schuster, Macmillan Publishers Ltd., HarperCollins Publishers LLC, Penguin Random House LLC, Grupo Planeta S.R.L., China South Publishing & Media Group Co. Ltd., Hachette Livre Group, Bertelsmann SE & Co. KGaA, and Pearson plc.