LONDON, Aug. 29, 2016 /PRNewswire/ -- The publishing industry produces a variety of publications, including books, magazines, newspapers and directories. The publishing industry produces its material in printed materials or electronic media.
Book Publishers publish atlases, religious books, school textbooks, encyclopedias, technical manuals, maps and travel guide books.
Asia was the largest geographic market in the book publishers market in 2015, accounting for $XX billion or XX% of the global market. Asia was the largest market because of the rise in the number of books published in regions such as Indonesia, Philippines and India. Europe was the second largest geographic market, accounting for $XX billion or XX% of the global market. The Americas was the third largest geographic market, accounting for $XX billion or XX% of the global market. The Middle East & Africa accounted for XX% and Oceania accounts for XX% of the global book publishers market.
Global per capita book publishers' consumption grew from $XX in 2011 to $XX in 2015 at a CAGR of XX% and is expected to grow to $XX in 2019 at a CAGR of XX%. This was due to rise in literacy levels in emerging and developing countries and growth in government expenditure in the education sector.
Self-Publishing - The advent of technology has radically transformed the book publishing industry. The 21st century witnessed the re-emergence of self-publishing. New technology has drastically reduced the costs. The Economist reckons that the only significant cost that a self-publisher incurs is "time". The difference in revenues wherein, you get XX% when you self-publish compared to XX% when you route it through traditional publishers is attracting more authors to experiment with self-publishing. Technology has enabled everyone to become a publisher in his own right. Leveraging social media and other technological platforms has ensured that there is proper marketing for self-publishers.
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