IBISWorld's analysts constantly monitor the industry impacts of current events in real-time – here is an update of how this industry is likely to be impacted as a result of the global COVID-19 pandemic:
error_outlineThe effects of COVID-19 on the Publishing subdivision are expected to be mixed.
error_outlineDemand for newspaper, magazine and book publishing is expected to decline as many consumers limit their spending on discretionary goods.
error_outlineBook publishers may benefit from an initial spike in demand, as some consumers stock up on books in anticipation of potentially long-term isolation periods.
error_outlineThe Software Publishing industry is anticipated to be largely unaffected by COVID-19. Software developers can work remotely, removing the risk of spread from office collaboration. The largest industry risk comes from software purchases by downstream industries.
error_outlineSoftware has become a vital part of many industries, and although there is potential for a reduction in orders for some software, this is anticipated to be counteracted by a surge in orders for software that can assist businesses to overcome risks of COVID-19, such as software that enables easier remote working operations.
Note: The content in this report is currently being updated to reflect the trends outlined above.