New York, USA, May 24, 2021 (GLOBE NEWSWIRE) – The global market for digital educational publishing was rated on $ 8,400.8 million in 2019, and is expected to reach $ 27,891.5 million by 2027, at CAGR from 17.0%.
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Market dynamics
Promising government support for digital education has contributed to an increase in e-learning enrollment in the higher education sector in recent years. In addition, the proliferation of smart devices and the BYOD system, which allow easy access to content and information, is expected to boost growth in the global market for digital educational publishers.
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Open source materials such as Google Chrome, Mozilla Firefox, Apache HTTP Server, and others can be a limiting factor for the global digital education market. Due to the growing popularity and current demand due to the limitations of COVID-19, e-learning creates many investment opportunities for the market.
Impact of the COVID-19 pandemic on the market
The COVID-19 pandemic has had the desired impact on the global market for digital educational publishers. During the pandemic, the government of various regions instructed to close educational institutes to prevent the spread of COVID-19 infection. As a result, education providers are adopting digital means of offering education in order to continue to operate during the pandemic period.
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Key market segments
The report divided the market into different segments based on product type, end user and regional analysis.
The digital textbook sub-segment is expected to be the most profitable
By type of product, digital textbooks cost less than printed textbooks, which has increased the demand for digital textbooks. This is the reason for the growth of the digital textbook sub-segment during the forecast period. The high cost of raw materials and environmental problems associated with the paper production process will further enhance the growth of the segment.
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The K-12 sub-segment is expected to be the most profitable
In terms of the end user, the K-12 education sector is expected to generate the largest market share over the forecast period, according to the report. Most educational institutions providing K-12 education have switched to digital textbooks.
The Asia-Pacific region is expected to be the market leader
The Asia-Pacific region is expected to have the highest market share over the forecast period. The main reason for this growth is government support for digital education in Asia and the Pacific including China, South Korea, India and Japan.
Major market players
1. Scholastic Corp.
2. McGraw-Hill Education Inc.
3. Georg von Holzbrink
4. Hachette Livre
5. Pearson
6. Cambridge University Press
7. Cengage Learning
8. John Wiley and Sons
9. Oxford University Press
10. Thomson Reuters
These players focus on research and development, product launches, collaborations and partnerships to sustain market growth. In April 2021, EdTech Digest named Cengage “Trend Creator of the Year”. Cengage helped students save money on study materials by subscribing to the chaos of COVID-19.
The report also summarizes many important aspects, including the financial performance of key players, SWOT analysis, product portfolio and the latest strategic developments. Click here to get a summary of the absolute best company development strategies.
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