Research and Markets (http://www.researchandmarkets.com/research/ef0f5b/the_european_scien) has announced the addition of the "The European Scientific, Technical and Medical (STM) Information Market" report to their offering.
European STM Information Market Growth Remains Resilient and Leading Providers Maintain year-on-year Double-digit Profits Growth
Growth in the European STM (scientific, technical and medical) information market remains resilient despite the current economic and financial problems. According to European STM Information Market, the European STM information market growth in 2008 was 4.5%. Although this is the weakest year-on-year growth since 2001, the STM information market is still achieving better results than most other information markets. Most of the leading STM information providers also registered double-digit profits growth in 2008 continuing the trend of recent years.
Most research and development spending, a key driver of STM information demand, is part of a long-term planning process and declines in advertising spending have a limited impact on most STM information segments. The majority of revenues also come from subscription services which are less affected by cyclical trends and downturns.
We are likely to look back on 2009 as the year various emerging developments finally became mainstream, such as open access publishing and e-books. Web 2.0 developments are also likely to play an increasing role in the exchange and use of STM information. The economic downturn is having an effect here as some users look for alternatives to paid-for information services.
Selected themes from the report include: