Digital Educational Publishing Market Size to Grow by $ 9.03 bn through 2021-2025 | Forecast and Trend Analysis
Technavio has been monitoring the digital educational publishing market and it is expected to grow by $ 9.03 bn, accelerating at a CAGR of almost 16% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Digital Educational Publishing Market: Emerging Trends to Impact Market Growth
Government initiatives to improve digital education technology to emerge as a key trend in the industrial digital educational publishing market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Digital Educational Publishing Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Bertelsmann SE & Co. KGaA, Cengage Learning Holdings II Inc., Georg von Holtzbrinck GmbH & Co. KG, Instructure Inc., John Wiley & Sons Inc., Lagardere SCA, McGraw-Hill Education Inc., Pearson Plc, RELX Plc, and Scholastic Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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The digital educational publishing market has the potential to grow by USD 9.03 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 15.57%.
This digital educational publishing market research report provides valuable insights on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (K-12, higher education, and corporate and skill-based) and geography (North America, Europe, APAC, South America, and MEA). The report also offers information on several market vendors, including Bertelsmann SE & Co. KGaA, Cengage Learning Holdings II Inc., and Georg von Holtzbrinck GmbH & Co. KG, among others. View Free Sample Report
Market Driver: Penetration of smartphone devices to drive growth
The expeditious penetration of smartphone devices is one of the key factors aiding the digital educational publishing market growth. Consumers are increasingly shifting to smartphone device-compatible formats from traditional print formats for reading purposes. Leading publishers of educational content are releasing a wide range of digital content through Internet-enabled smartphone devices. Many governments are taking initiatives to use digital technology in the education sector.
Leading Product Segment: Adoption of an interactive learning
The digital educational publishing market share growth by the K-12 segment will be significant during the forecast period. The growth is attributed to the rising adoption of an interactive example-oriented approach toward learning in primary- and secondary-level educational institutions. As a result, several vendors are placing increased emphasis on their digital content offerings. The growth of the market segment is expected to be significant during the forecast period.
Key Emerging Trend: Government initiatives to improve digital education
In 2018, the EC announced the adoption of the Digital Education Action Plan for the development of digital competence in education in the EU member countries using technology. India and China are also promoting technology-enabled education through government programs. In 2017, the Government of India announced the Swayam and Swayam Prabha initiatives, which include digital classrooms and free digital content. Government initiatives to improve digital education technology will drive the market growth.
Digital Educational Publishing Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Bertelsmann SE & Co. KGaA, Cengage Learning Holdings II Inc., Georg von Holtzbrinck GmbH & Co. KG, Instructure Inc., John Wiley & Sons Inc., Lagardere SCA, McGraw-Hill Education Inc., Pearson Plc, RELX Plc, and Scholastic Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights from the perspective of global industry trends, regional market influences and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio also provides three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download Free Sample Report
