Product and Service
Companies included in research publishing –science& technology sector in book and magazine industry primarily provide scientific, technical, medical, and scholarly journals and related content and services.
Demand for Product and Service
As indicated by the typical company data, the demand for print materials has been declining significantly in the past several years. The reduced demand has shifted partially to the corresponding digital platforms of those companies and, to larger extent, to other type of formats.
The Sector
Sector’s Current, Trend, Causes behind trend, and Future
Current and Trend
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The continuously shifting of readers/subscribers from traditional print materials to other digital forms of sources seems to be accelerating in the past several years as indicated by the continuing decline in print materials.
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Some of demand for some certain content go away permanently due to increasingly and lower costs alternatives.
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Demand for print research journals has been increasingly converted into demand for online content/formats.
Causes behind the trend
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Increasing availability and lower/free costs of accessing online content and changes in preference of reader should be the reasons behind readers’ shifting away from traditional print content.
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Competition is obviously more intensive in digital content providers than traditional print journals and educational books industry. Therefore, the reduced readers’ demand for print materials is again largely diluted among more competitors of online.
Industry Future
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Demand for research content will not diminish. However, there are going to be increasing difficulties for current journals companies to adapt changes in in this industry.
