In 2023, the number of self-employed persons in books, periodicals, and other publishing activities in the US stood at 7.0 thousand units. The forecast for 2024 predicts a decrease to 6.0 thousand units, representing a year-on-year decline of approximately 14.3%. By 2025, this trend is expected to continue with a further 16.7% drop to 5.0 thousand units, and by 2026, a 20% decline to 4.0 thousand units is projected. The forecast remains steady for 2027 and 2028 at 3.0 thousand units. Over the period from 2023 to 2028, the compound annual growth rate (CAGR) is approximately -17.7%.
Future trends to watch for include:
- The impact of digital transformation on traditional publishing roles and potential shifts toward new media formats.
- Changes in consumer reading habits and their effects on demand for self-published content.
- Regulatory developments and their influence on freelance and self-employed professionals in the publishing sector.
