New York, USA, May 29, 2023 (GLOBE NEWSWIRE) -- Research Dive has published a new report on the global digital educational publishing market. According to the report, the global market is projected to surpass $41,498.9 million and grow at a CAGR of 15.9% in the estimated period, 2022–2031. This all-inclusive report delivers a comprehensive overview of the current and future situation of the digital educational publishing market by stating its main characteristics including growth drivers, growth opportunities, limitations, and developments in the forecast period. The report also offers all the required and vital market statistics to help new players obtain an insight into the status of the global market.
Impact of the COVID-19 Pandemic on the Digital Educational Publishing Market
The outburst of the COVID-19 pandemic in 2020 has had a positive impact on the growth of the global digital educational publishing market. During the pandemic, as the new coronavirus spread, businesses around the world were gradually flattening their recessionary curves by utilizing digital technology. In addition, schools and colleges have been replaced by online learning because of the closure of educational institutions. These factors boosted the market growth amidst the pandemic.
Factors Impacting the Digital Educational Publishing Market Growth
The key factor boosting the growth of the global digital educational publishing market is a significant rise in the need for digital educational publishing due to numerous institutions' efforts to offer remote learning options. Furthermore, governments throughout the world are taking a variety of measures to encourage the adoption of digital technology in the education sector, which is estimated to unlock lucrative opportunities for market growth in the forecast period. However, with the advent of massively open online courses, open-source platforms such as Apache HTTP Server, Google Chrome, Mozilla Firefox, and others is anticipated to deter the market’s growth.
The report segments the global digital educational publishing market into product type, end user, and region.
Digital Textbooks Sub-Segment to Grab a Foremost Share of the Market
The digital textbooks sub-segment of the product segment is foreseen to observe leading growth in the forecast period. This growth is mainly because digital textbooks might be more affordable, make it simpler to monitor students' academic progress, and are cheaper and easier to update as needed.
K-12 Sub-Segment to Witness Rapid Growth
The K-12 sub-segment of the end user segment is predicted to grow enormously in the forecast period. This growth is mainly owed to schools integrating smart technology into classroom spaces instead of using the old chalkboard method.
North America Digital Educational Publishing Market to Perceive Maximum Growth
The report analyzes the global digital educational publishing market across several regions such as North America, Asia-Pacific, Europe, and LAMEA. Among these, the North America market is projected to observe significant growth in the estimated period. This growth is mostly due to the surge in work-from-home arrangements and the expansion of online communications in this region.
Key Players of the Global Digital Educational Publishing Market
The report states some of the foremost players operating in the global industry including
- McGraw-Hill Education Inc.
- Scholastic Corp.
- Georg von Holtzbrinck
- Pearson
- Hachette Livre
- Cambridge University Press
- John Wiley & Sons
- Cengage Learning
- Thomson Reuters.
- Oxford University Press
These players are taking various initiatives such as investing in novel product launches, strategic alliances and collaborations, etc. to obtain a leading edge in the global market.
For instance, in April 2023, AIP Publishing (AIPP), a fully owned non-profit division of the American Institute of Physics, announced the opening of its new platform for digital content. The new platform, which can be found at pubs.aip.org, will alter how AIPP provides support for researchers and the physical sciences community.
Also, the report provides numerous industry insights such as top strategic initiatives & developments, the novel launch of products, business performance, Porter’s five forces analysis, and SWOT analysis of the foremost players, functioning in the global market.
More about Digital Educational Publishing Market:
- Amazing Benefits of Digital Educational Publishing Platforms
- Digital Educational Publishers Grab COVID-19 Pandemic as an Opportunity
