Digital Educational Publishing Market Market Size to grow by USD 14059.19 million between 2023-2027
According to a research report “ Digital Educational Publishing Market Market” by End-user (K-12, Higher education, Corporate and skill-based ) Product (Digital textbooks, Digital assessment books, Others ) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 14059.19 million, at a CAGR of 16.13% during the forecast period. Digital education content publishers, including industry leaders such as Cengage Learning Holdings II Inc. and VitalSource Technologies LLC, are employing innovative marketing strategies to boost the adoption of digital textbooks and course materials among students and faculty. These publishers are advocating for the benefits of digital content, including increased accessibility and affordability, by eliminating the need for physical textbook purchases. For instance, Cengage Learning Holdings II Inc. has introduced a subscription model named Cengage Unlimited, which grants users unlimited access to over 675 courses and 20,000 digital titles in 70 disciplines for a semester fee of USD119.99. This cost-effective solution enhances the overall learning experience and effectiveness of course materials..
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By End-user, the K-12 segment is projected to dominate the market size in 2024
The K-12 educational sector has experienced a significant shift from traditional printed textbooks to digital content, driven by the widespread adoption of smartphones and the unprecedented COVID-19 pandemic. With a growing emphasis on interactive, example-oriented learning approaches in primary and secondary schools, digital content offerings have become a priority for educational vendors. The high cost of printed textbooks has made digital textbooks, compatible with smartphone devices, a preferred choice for schools and educational institutions. With the trend of students bringing their own devices to classrooms gaining momentum in countries like the US and China, the K-12 digital educational publishing market is poised for robust growth during the forecast period.
By Product, Digital textbooks segment is expected to hold the largest market size for the year 2024
In the contemporary educational landscape, digital textbooks have emerged as a game-changer, offering students a dynamic and portable learning solution. These digital resources provide unparalleled convenience, enabling students to access their course materials on multiple devices, such as tablets, laptops, or smartphones. This flexibility empowers students to study at their own pace and location, eliminating the burden of carrying heavy textbooks. Furthermore, digital textbooks offer interactive and engaging content, enhancing the learning experience. For instance, a student preparing for an exam can effortlessly access their digital textbook on their smartphone during commuting or during a break, thereby optimizing their study time.
North America is forecasted to hold the largest market size by region in 2024
The digital educational publishing market in North America held the largest market share in 2021 and is projected to remain a significant segment during the forecast period. This growth can be attributed to the technological advancements in the education sector, increasing student proficiency with technology, the scalability of online learning, rising demand for distance education, and the high penetration of handheld devices in the region. Key contributors to market growth in 2020 were the US, Canada, and Mexico, with the US and Canada leading the way due to their early adoption of digitization and high internet and device penetration.
The Digital Educational Publishing Market Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Digital Educational Publishing Market is experiencing significant growth as open-source platforms and digital content become increasingly popular. With subscription plans for e-books and digital media, students and teachers in schools from Primary to University level have access to vast amounts of educational resources at their fingertips. Data observability is a crucial aspect of digital education, ensuring security and privacy for students. Free-source platforms like Blinkist offer condensed versions of non-fiction books, making digital literacy more accessible. Emerging nations are embracing digital technology for remote learning facilities, bridging the gap in education accessibility. Self-assessment methods, digital textbooks, and digital assessment books are revolutionizing the way students learn and assess their progress. Smartphone usage is also being integrated into education through AR (Augmented Reality) technology, providing immersive learning experiences. Online learning platforms offer flexibility and convenience, making education more accessible to a wider audience. Universities, High Schools, Middle Schools, and Primary Schools are all adopting digital technology to enhance the learning experience, ensuring students are prepared for the digital world. Security remains a top priority, with universities investing in advanced security measures to protect sensitive student data. The Digital Educational Publishing Market is an ever-evolving landscape, with exciting developments on the horizon.
Market Research Overview
The Digital Educational Publishing Market is a rapidly growing industry that is transforming the way learners of all ages and backgrounds access and engage with educational content. This market encompasses various learning settings, from K-12 sub-segments to higher education institutes, and caters to the need for quality education in an increasingly digital world. Government attempts to improve education and provide equal opportunities have led to the adoption of digital textbooks and open-source e-textbooks in the digital textbooks sub-segment. Top publishers dominate this market, offering multimedia, graphics, sound effects, and text-based content to cater to diverse learning styles. The education market is also witnessing the rise of self-motivation, time management skills, and social connection through digital learning. However, challenges such as cheating, internet access, and security concerns persist. Open-source resources and virtual learning have emerged as viable alternatives, offering access to educational information from various sites and internationalization. The digital learning market includes product types like digital assessment books, podcasts, PDFs, videos, and lessons plans. The end-user industry includes learners, instructors, professors, and corporations or skill-based training programs. Investment opportunities exist in EU member nations, emerging nations, and open-source platforms. Digital literacy, smart technology, and the blackboard approach are driving factors in this market. Digital media, data engineers, and data observability tools like Apache HTTP server, Google Chrome, and Mozilla Firefox are essential components. The market also includes digital content subscription plans, digital media, and various self-assessment methods. The recessionary curve, license fees, and e-books for desktops, laptops, cellphones, and smartphone devices are key trends. Augmented Reality (AR) and online learning are also gaining popularity. The market is expected to grow further with the increasing usage of smartphones, tablets, and internet-enabled smartphone devices for digital material consumption.
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Technavio Research
Jesse Maida
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Email: media@technavio.com
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