Bible Software industry stats

Tim Bahula
Tim Bahula Member Posts: 102
edited November 2024 in English Forum

I've been thinking about justifications for spending $$$ on Bible software. I got to wondering if there are any stats on the Bible Software industry (e.g., revenue, projected growth, and such) like there are for the movie and video gaming industries. My guess is that there won't be much available as the market space is relatively small and of comparatively little interest and as most companies are privately held. About the only piece I came up with is an old bit of data from the Logos site...

Logos Research Systems announced sales have
nearly doubled in one year. For the first half of 2002, its
Bible-software sales were up 93% over the same period in 2001. Revenue
increases were spread across all Logos sales channels, including
direct, wholesale, conference, and academic sales.

http://www.logos.com/press/clippings/cbaenews07-08-2002

Any suggestions?

Comments

  • J.R. Miller
    J.R. Miller Member Posts: 3,566 ✭✭✭

    I don't have a full answer, but I do know that Logos has 700,000 users worldwide.

    My Books in Logos & FREE Training

  • Bob Pritchett
    Bob Pritchett Member, Logos Employee Posts: 2,280

    I would sure love to see some industry stats. :-)

    We have our own internal estimates / random bits of collected information. (Some organizations in the field are non-profits, and file Form 990's with the IRS, some are public companies that report to the SEC, sometimes we trade info with people...)

    I'm pretty confident that Logos is the largest of the "BIble software" companies, though I know we're smaller than many publishers. (You're probably looking at $200 million or more per year at the top Christian publishers, for example.)

    For what it's worth, and to give you confidence in choosing Logos, we grew more than 25% last year, and are profitable and debt-free. We have shareholders, but we're tightly held (and controlled by as few as two), and we plan, Lord-willing, to be here serving you for decades to come.

  • Tim Bahula
    Tim Bahula Member Posts: 102
    https://community.logos.com/discussion/comment/70656#Comment_70656

    Thanks for the response, Bob.

    Bob Pritchett said:

    I would sure love to see some industry stats. :-)

    I expect that you would!

    Bob Pritchett said:

    We have our own internal estimates / random bits of collected information. (Some organizations in the field are non-profits, and file Form 990's with the IRS, some are public companies that report to the SEC, sometimes we trade info with people...)

    Is there any of that you can share, whether in this forum or privately. My interest is not so much about Logos' long-term viability, but rather in a comparison between how much people spend on various forms of media (e.g., movies, video games, etc.) vs. how much they spend on bible study software. More than a few people would balk at Logos' prices, but most would spend more on movies, video games, etc. I'm trying to quantify that.

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