Global Professional Publishing Market Reaches $89 Billion as Business Segment Leads Growth in 2024

Rockville, Md.- August 05, 2025- The global professional publishing market grew 5.6% in 2024, reaching $89.0 billion at the publisher level (or $85.8 billion at the market level, after elimination), according to Simba Information’s latest report, Global Professional Publishing, 2025-2029. The Tax, Accounting & Business segment emerged as the largest and fastest-growing category, generating $48.6 billion in 2024, growing 7.8% year-over-year and accounting for more than half of total market revenue. This performance outpaced the Legal, Scientific & Technical, and Medical segments. 

Business publishers made significant progress in integrating AI to streamline and automate workflows and reduce manual workloads, especially for tax and accounting verticals.  Those  innovations helped organizations to navigate a global business landscape that is complex and uncertain: shaped by globalization, e-commerce expansion, shifting tax and regulatory frameworks, and heightened risks such as financial corruption and identity fraud. The challenging macroeconomic climate reinforced the industry’s reliance on trusted, data-driven professional resources.

In response to a changing landscape, leading business publishers have expanded their offerings in risk management, regulatory compliance, fraud detection, pricing intelligence, and ESG monitoring, aligning with industry demands for efficiency, accuracy, and strategic foresight.

The new Simba Global Professional Publishing 2025-2029 report provides a comprehensive, data-rich analysis of these trends, helping market participants identify growth opportunities and adapt to changing market dynamics.

Business Publishers Unveil Technology-Driven New Products

Leading publishers drove competitive advantage through strategic acquisitions, targeted technology investments, and AI-powered product development:

• RELX (Risk division) launched Flyreel for Claims, an AI-based property survey tool enabling virtual inspections with panoramic imagery and advanced analytics, and LexisNexis Location Intelligence for Commercial, an automated property risk assessment solution with predictive modeling capabilities.
• S&P Global debuted AI Benchmarks by Kensho, a first-of-its-kind tool to evaluate and rank large language models for business and industry applications. The company also introduced the AI Monitor platform—powered by its Visible Alpha acquisition—to track emerging AI market trends.
• Thomson Reuters entered the next phase of AI transformation with agentic AI through its launch of CoCounsel for tax, audit, and accounting professionals, with planned expansion into legal, risk, trade, and compliance applications throughout 2025.

Growth Initiatives Across Professional Publishing

Other professional publishing segments are investing in growth through strategic initiatives and new product development. Highlights of activity are these:

• In the Scientific & Technical domain, Elsevier launched Scopus AI for its flagship Scopus database in January 2024. Scopus AI offers expanded and enhanced summaries, ability to identify foundational research, and efficient identification of leading experts.
• In the Medical segment Elsevier released ClinicalKey AI in February 2024. The enhanced clinical decision support product is optimized for natural language inquiries, offers summarized responses with cited references, and can adjust for patient context, such as co-morbidities, when prompted.
• Responding to critical healthcare staff shortages, medical publishers are expanding beyond education reference to broader end-to-end education platforms that address all phases and aspects of medical education: from education, to certification, to ongoing training and competency assessment.

About the Report

Simba's Global Professional Publishing, 2025–2029 report provides a comprehensive, multi-dimensional view of the professional publishing landscape. It offers analysis of the macro environment, growth drivers, and changes in the competitive hierarchy. M&A activity is assessed to discern important patterns and shifts in the market structure. Publisher-level analysis includes performance trends, publishing strategies, and product development activity. A near-term outlook is provided for leading publishers and the long-term forecast projects overall market growth, including expectations for specific product forms.

About Simba Information

Simba Information, a part of The Freedonia Group, is the leading authority of strategic intelligence for EdTech companies and other producers of instructional materials for K-12 and higher education. The company's extensive information network delivers thoughtful, objective perspectives on the people, events, and alliances shaping the industry. In addition, Simba Information assists clients and the press with analysis of education industry trends. Reports can be purchased at freedoniagroup.com/simba-information. 

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