For book publishing companies, the educational publishing market was worth $16 billion dollars (2021) in the US alone. Many large publishers predominantly focus on the educational market, offering employment to many people within the industry worldwide.
- As of 2022, Scholastic recorded $393.6 million in revenue from its education solutions segment.
- As of 2021, McGraw Hill is a US top-three provider in the higher education market with a share of 25%.
- The company is also a US top-three provider in the K-12 market with a share of 22%.
- Houghton Mifflin Harcourt programs (core, intervention, and supplemental) are used by 90% of K-12 schools within the US.
- As of 2022, Wiley posted a 7% revenue increase within its education publishing segment.
- Cengage had a US textbook publishing market share of 22% as of 2020.
- As of 2021, Pearson’s assessment and qualifications segment recorded revenues of $1.66 billion.
- Pearson’s higher education segment also produced revenues of $1.17 billion for the company.
- Based in India, the educational publisher S.Chand sells over 50 million books each year.
- SAP (Singapore Asia Publishers) has reached more than 25 million students through its publications.
US educational publishers
- Scholastic achieved revenues of $1.64 billion as of 2022.
- This was a 26.4% increase over the previous year.
- Of Scholastic’s total revenue, the company recorded $393.6 million from its education solutions segment.
- McGraw Hill is a top-three US provider in the higher education and K-12 markets, with market shares of 25% and 22%, respectively, as of 2021.
- In total, McGraw Hill’s revenues were recorded at $1.54 billion as of 2021.
- Houghton Mifflin Harcourt recorded revenues of $1.05 billion as of 2021, an increase over the 2020s of $840 million.
- Despite this, the company continues failing to achieve revenue numbers as high as those attained prior to the pandemic.
- In the US, HMH programs (core, intervention, and supplemental) are used by 90% of K-12 schools.
- HMH was acquired by Veritas Capital in February 2022 for a total of $2.8 billion.
- As of 2022, Wiley generated annual revenue of $2.08 billion.
- This was an increase in the $2.04 billion recorded for the previous year.
- Additionally, Wiley posted a 7% increase in revenue for its education publishing segment.
- As of 2022, educational content publisher Cengage expects revenues to reach $1.37 billion, a 7% increase from the previous year.
- As of 2020, Cengage had a US textbook publishing market share of 22%.
|2||McGraw Hill||$1.54 billion|
|5||Houghton Mifflin Harcourt||$1.05 billion|
A chart is given below to show US educational publishers by their 2021 revenue:
UK educational publishers
- Pearson Education’s annual revenue for 2021 was $4.71 billion, increasing 8.06% over the previous year.
- The assessment and qualifications segment made up $1.66 billion of this figure.
- Additionally, the company’s higher education segment made up $1.17 billion.
- As of 2022, Pearson agreed to sell its Italian and German K-12 courseware business for $203 million to Sanoma Corporation.
- For 2021, Taylor & Francis recorded revenue of £545.40 million ($752.65 million).
- This was a 1.90% decrease when compared to the previous year.
- The company publishes more than 5,000 new books and 2,700 journals annually.
- Macmillan Learning is a division of Macmillan Publishers that is dedicated to educational books.
- It recorded an estimated revenue of more than $229 million as of 2021.
- However, since 2016 its revenue has been decreasing by 2.8% annually.
|1||Pearson Education||$4.71 billion|
|2||Taylor & Francis||$0.75 billion|
|3||Macmillan Learning||$0.23 billion|
A chart is given below to show UK educational publishers by their 2021 revenue:
Asian educational publishers
- The educational company S. Chand Publishing (based in India) lists 11,000 titles.
- The company also sells over 50 million books each year.
- S. Chand Publishing is affiliated with 40,000+ schools with a reach of just under 30 million students.
- Pelangi (based in Malaysia) has published over 8,000 titles since 1979.
- Singapore Asia Publishers have reached 25+ million students through their publications.