Sales of books are changing to online sales that are 55 percent of all the sales of books in the United States are presently made on Amazon. The largest book publishing companies around the globe are altering their sales strategies to target the latest types of online users via selling e-versions of their books and targeting devices like the Kindle and other readers as well.
The global book publishing sector is worth USD 143 billion. The largest book publisher is Pearson with USD 6.07 billion in revenue every year. Pearson is followed by RELX Group and many others. In this article, we are going to have a look at the top book publishing companies across the globe.
Top 10 Book Publishing Companies In The World
Book publishers might base their lists on the market scenarios or, if they are a bigger company, may offer a wide range of titles across genres. They sell copies of their books via bookstores, online platforms. Without any further delay, let us begin with the list of the top 10 book publishing companies across the globe. This also includes the list of book publishers for first time authors.
If you are wondering who could be the largest publisher across the globe then it is Pearson. This book publishing company ranks in the top position on our list. Pearson Education is an education publishing and assessment service provider to corporations and schools that is owned by the British. They also cater to the students directly. Pearson is renowned for owning educational media brands that include Peachpit, Addison–Wesley, Prentice-Hall, Longman, Scott Foresman, eCollege, and many others.
Pearson functions in more than 70 nations, but 60 percent of its revenues are derived from the North American market. So if you are searching for a list of book publishers in USA, then this is your ideal choice. The entity is headquartered in London, England, UK, and gets in USD 6.07 billion in revenues every year thus ranking it at the top position on this list of the top list of book publishing companies across the globe.
This is the second publishing house in our top 10 list. It is a British corporate group that consists of entities that publish technical, scientific, and medical offerings, and legal textbooks; offer decision-making items, and arrange exhibitions. The book publisher functions in more than 40 nations and serves users in more than 180 countries. The company is the outcome of the collaboration of Reed International, which is a British magazine and trade book publisher, and Elsevier, which is a Netherlands-based scientific publisher. RELX generated revenues of USD 5.6 billion by ranking it 2nd amongst the best book publishing companies across the globe.
A Canadian multinational media conglomerate, Thomson Reuters ranks in the 3rd position when we talk about the top publishing houses across the globe. Thomson Reuters was established in Toronto, Ontario, Canada, where it has its headquarters at 333 Bay Street. Thomson Reuters was ranked as the “leading corporate brand” in Canada in the 2010 Interbrand Best Canadian Brands ranking. This most famous book publisher has financed Canadian golf champion Mike Weir and the AT&T Williams Formula One team. It also financed Marketplace, which is a radio show from American Public Media. Thomson Reuters, among several other media corporations, also donated hundreds of thousands of dollars to the Clinton Foundation.
Penguin Random House
This is a name we all grew up with. Penguin Random House is a multinational conglomerate publishing entity that was established in 2013 from the collaboration of Random House that is owned by the German media conglomerate Bertelsmann and Penguin Group that is owned by the British publishing company Pearson plc. Penguin Random House consists of Penguin and Random House in the UK, Canada, US, Portugal, Australia, New Zealand, and India; Penguin in Brazil, South Africa, and Asia; Dorling Kindersley globally; and Random House’s companies in Spain, Germany, and Hispanic America. Penguin Random House is among the big five publishers and gave USD 3.3 billion last year thus making it the largest book publisher among the largest 5 publishers in respect to revenue.
This company ranks in the 5th position of the top 10 book publishing companies across the globe. Hachette Livre is a French book publisher and among the big 5 publishers globally. Hachette Livre generated annual revenues of USD 2.7 billion the previous year, making it the 2nd biggest book publisher among the big five publishers. This company has its headquarters in the Beaugrenelle district in the 15th arrondissement of Paris.
HarperCollins is said to be one of the largest publishing houses in the world and it is one among the big five English language publishing entities along with Penguin Random House, Hachette, Macmillan, and Simon & Schuster. This company has its headquarters in New York City and it is a subsidiary of News Corp. Previous year this company generated an annual revenue of USD 1.57 billion thus making it among the top 10 largest publishing companies of this time.
Another one of the largest publishing houses is Macmillan Publishers that ranks 7th position in our list. This company generated USD 1.4 billion as revenue last year. This is a British publishing house that is owned by the German Holtzbrinck Publishing Group. This company was established in 1843.
Bertelsmann is a German private multinational conglomerate that is based in Gütersloh, North Rhine-Westphalia, Germany. The previous year, Bertelsmann earned USD 4.24 billion in revenues, making it among the largest media companies in the world. The principal divisions of Bertelsmann include the Penguin Random House, RTL Group, Gruner + Jahr, BMG, Arvato, the Bertelsmann Printing Group, Bertelsmann Investments, and the Bertelsmann Education Group.
Scholastic Corporation is another top book publishing company in the world that has an annual revenue of USD 1.74 billion. This is an American multinational education, publishing, and media company that is famous for selling, publishing, and distributing books and educational items for teachers, parents, schools, and children. Scholastic also publishes instructional writing and reading programs and provides professional consultancy and learning services for school enhancement. Clifford the Big Red Dog caters as the official mascot for Scholastic.
Rounding up the names of top publishing companies across the globe is McGraw-Hill Education, which is a learning science entity and among the “big three” educational publishers. The previous year McGraw-Hill Education earned USD 1.71 billion in revenue. McGraw-Hill presently functions in 28 nations, has over 5,000 employees across the globe, and provides services and products to more than 135 nations in 60+ languages.
The Closing Line
With more than 55 percent of sales already taking place through Amazon, it is pretty clear that the future of books is surely digital. The top book publishing companies throughout the world are already aware of this shift and they are altering many of their marketing efforts to increase the sales online. This trend can be expected to move forward.