Digital Educational Publishing Market Report Overview
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The global digital educational publishing market size was USD 8324.5 million in 2022 and market to touch USD 18315.6 million by 2031, CAGR of 7.9% from 2022 to 2031.
Learning through digital educational publishing is an effective method of delivering lessons to students. Additionally, through online learning, teachers and students have access to a variety of resources, including podcasts, PDFs, and videos, all of which can be used as part of lesson plans. Teachers may improve their teaching effectiveness by expanding their lesson plans to use internet resources in addition to traditional textbooks. With virtual learning, students can attend classes in the comfort of their own homes. In addition to saving time by not having to travel to a physical location, online courses give students more flexibility in selecting the best time to study. Open-source resources' accessibility could pose a risk to the market for digital educational publishing as a whole. Lack of social interaction, limited internet access, the potential for cheating, a lack of self-motivation, and improper time management techniques are some drawbacks of digital education.
The development of the digital education sector is expected to be significantly aided by cutting-edge technology like Augmented Reality. Augmented Reality also known as AR uses text, sound effects, graphics, and multimedia to enhance the real world. The adoption of augmented reality in educational settings is gaining traction in institutions around the world. One of the main factors driving the growth of the market is the rise of smartphone usage worldwide. Consumer reading preferences are gradually shifting away from traditional print formats and toward formats compatible with devices like smartphones. This allows a number of renowned publishers or providers of educational content to offer a variety of digital materials that can be accessed through internet-enabled smartphone devices like mobile phones and tablets.
COVID-19 Impact: Online Education Due to COVID-19 to Boost Market Growth
The COVID-19 pandemic has had an effect on almost all sectors in society, impacting some beneficially and other fields slightly non-beneficial. Companies all over the world are gradually flattening their recessionary curves by utilizing technology as the new coronavirus epidemic continues to spread. Over the forecast period, the widespread COVID-19 pandemic had a favorable impact on the digital educational publishing market. Since educational institutions have closed as a result of COVID-19, online learning has taken the place of traditional schools and colleges. In addition, government initiatives promote the use of technology in libraries and classrooms to enhance students' learning opportunities. The region's market is also expanding as a result of the rising popularity of online degrees. Even though the reopening of educational institutions has shifted the mode of education back offline, the positive side of online education and its benefits is continuing and is expected to continue the same throughout the forecast period.
Latest Trends
"Increasing Significance of Smartphones to Drive Market"
The increasing usage of smartphone devices worldwide is one of the key factors boosting the growth of the digital educational publishing market. Consumer reading preferences are gradually shifting away from traditional print formats and toward formats compatible with devices like smartphones. It makes it possible for a number of top publishers of educational content to offer a wide range of digital content that can be accessed via internet-enabled smartphone devices like cell phones and tablets. To enable more widespread use of digital technology in the educational sector, many nations are taking a variety of actions. The development of the digital education publishing market is anticipated to be fueled by initiatives taken by numerous institutions to offer distance learning resources during the forecast period.
Digital Educational Publishing Market Segmentations
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- By Type
The market is classified into digital textbook, digital assessment book, and others based on type. The digital textbook segment will lead the digital educational publishing market share throughout the forecast period.
- By Enterprise Size
The market is classified into primary school, middle school, high school, and university on the basis of enterprise size. The primary school segment will lead the digital educational publishing market share throughout the forecast period.
Driving Factors
"Self-Assessment Methods in Digital Publishing Platforms to Drive the Market"
A curriculum that enables holistic learning has been made possible by digital publishing. Publishers have made sure that students can evaluate their own performance by incorporating self-assessment methods. Drag and drop, sequencing, labelling, filling in the blanks, and other assessment techniques are used. These immediate outcomes allow students to see their mistakes in real time and aid in their ability to remember the correct response for a longer period of time. By evaluating their own comprehension of a subject or chapter, students can better plan their lessons and learning strategies.
"Low Price of Digital Textbooks to Drive the Market"
The low price of digital textbooks over hard copies are a major market driver. Even if the textbook is available digitally in low price, its quality and content remains the same as the original books. Thus, the convenience of people using digital textbooks increases, which is a major driving factor of the digital educational publishing market growth.
Restraining Factors
"Limitation of New Content in Digital Textbooks to Restrain the Market"
There is less demand for new authors as a result of publishers shifting their focus to provide digital textbooks rather than printed ones. Publishers are refocusing their resources to convert popular textbooks from well-known authors to a digital format. The number of contracts between publishers and new authors to produce new content has decreased as a result of this shift in emphasis. Due to the lack of new textbook options, many educators are publishing independently and developing their own open educational resources (OER). OERs are seen as one solution, but as their availability and scope have dramatically expanded, concerns about their quality have started to surface.
Digital Educational Publishing Market Regional Insights
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"North America to Hold the Largest Market Share Owing to Technological Advancement"
During the forecast period, North America is expected to hold the largest digital educational publishing market share. Over the forecast period, the growth of the North American market will be facilitated by technological advancements in the education sector. Increased demand for digital publishing is expected to drive the region's market during the forecast period due to an increase in online communications and a rise in work-from-home arrangements across North America.
After North America, Asia Pacific holds the majority of the digital educational publishing market. The market in this region is being driven by the rising use of smartphones in developing nations like China and India. Additionally, it is anticipated that the consumer base will grow and that this will benefit the market for digital educational publishing. This is because smartphone prices have decreased as a result of increased competition among manufacturers and service providers.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Georg von Holtzbrinck (Germany)
- Hachette Livre (France)
- McGraw-Hill Education (U.S.)
- Pearson (U.K.)
- Yumpu (Switzerland)
- VIBAL (Philippines)
- Diwa Learning Systems Inc (Diwa) (Philippines)
- KITE (India)
- Pelangi Publishing (Malaysia)
- PCI Educational Publishing (U.S.)
- Sasbadi (Malaysia)
- Cambridge Publishing (U.K.)
- Educomp Solutions Ltd. (India)
- Times Publishing Group (Singapore)
- POPULAR (Singapore)
- Ulektz (India)
- Aptara (U.S.)
- India Today Group (India)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 8324.5 Million in 2022 |
Market Size Value By |
US$ 18315.6 Million by 2031 |
Growth Rate |
CAGR of 7.9% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Types & Enterprise Size |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the digital educational publishing market expected to touch by 2031?
The global digital educational publishing market is expected to reach a value of USD 18315.6 million by 2031.
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What CAGR is the digital educational publishing market expected to exhibit by 2031?
The digital educational publishing market is expected to exhibit a CAGR of 7.9% by 2031.
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Which are the driving factors of the digital educational publishing market?
Self-assessment methods in digital publishing platforms, and low price of digital textbooks are some of the major driving factors of the digital educational publishing market.
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Which are the top companies in the digital educational publishing market?
The top companies in the digital educational publishing market include Georg von Holtzbrinck, Hachette Livre, McGraw-Hill Education, Pearson, Yumpu etc.