Digital Educational Publishing Market Size Projected to Generate a Revenue of $41,498.9 Mn by 2031Download Sample Reports Overview
The Global Digital Educational Publishing Market Share is predicted to be valued at $9,878.9 million by 2021, surging from $41,498.9 million in 2031, at a noteworthy CAGR of 15.9%.
Impact Analysis of COVID-19 on the Digital Educational Publishing Market
The coronavirus outbreak has favorably influenced the digital educational publishing market globally. The fear of getting the COVID-19 disease, together with strong social distancing restrictions established by advanced as well as emerging nations to avoid the virus’ transmission, has led to a work-and-study from home structure for most employers and students. Moreover, COVID-19 has resulted in schools being closed around the world. As a result, education has transformed considerably, with the particular growth of e-learning, whereby instruction is performed remotely and on digital platforms. Along with e-learning, educational institutions are encouraging the use of e-books and digital publications. As a consequence, the digital educational publishing market would have a favorable influence over the projected period owing to the widespread rise of the coronavirus pandemic. In August 2018, VitalSource Technologies LLC announced its aim to simplify its courseware integrations by reducing access hurdles for users and expediting the administrative setup for universities. Such creative techniques are allowing vendors to extend their client base, consequently fueling the expansion of the worldwide digital educational publishing market.
Global Digital Educational Publishing Market Analysis
Online learning gives teachers and instructors an effective approach to delivering classes to learners. Online learning provides a multitude of resources, such as videos, PDFs, and podcasts. Teachers may use all these media as part of their lesson plans. By expanding the lesson plan beyond standard textbooks to include internet resources, teachers may become more efficient educators. With virtual learning, learners have the choice of taking classes in the privacy of their own homes. Not only do the learners save hours by not having to drive to a physical location to take a class, but with online courses, they have greater freedom in choosing the optimum time to study.
Online education lacks face-to-face interaction between a student and an instructor. Several online courses give consumers freedom to learn at their own pace. In such cases, students must have the self-discipline to maintain the same pace of study as they did in traditional classroom learning. Even if students set reminders for themselves on electronic devices, the lack of a human factor that prompts them to postpone the work may result in slower development among students who lack self-discipline. Face-to-face connection and socializing amongst classmates in the traditional school system can inspire kids to want to exceed one another. Though several online course providers are striving to introduce social features to online learning, socializing among online learners is still far behind their traditional counterparts.
Game-based learning is projected to deliver a greater retention rate for online education providers, as the study showed that games help produce pleasant chemicals, such as dopamine and serotonin. As we live in the digital era, there is an excess of knowledge in most disciplines that students choose to concentrate on. Students spend years studying the same or related subjects, which may grow monotonous. Augmentation and game-based learning bring amusement to the learning process and aid teachers in engaging learners. The game-based learning system assigns “badges” or “score points” to some of the modest successes of the student, which inspires them to put more effort into the study and allows them to track their progress and compare their results with colleagues.
Global Digital Educational Publishing Market, Segmentation
The global digital educational publishing market is segment based on product type, end user, and region.
On the basis of product type, the digital educational publishing market is segmented into digital textbooks, digital assessment books, and others. The digital textbooks sub-segment contributed the most to the market. Digital assessment sub-segment is anticipated to be the fastest growing during the forecast period. Many schools and universities throughout the world have made the use of digital textbooks a fundamental component of their education strategies. A key selling feature of digital textbooks is that they give students the option of accessing multimedia information, such as embedded video, interactive presentations, and hyperlinks.
On the basis of end-user, digital educational publishing market is segmented into K-12, higher education, and corporate or skill-based. The higher education sub-segment is anticipated to be the fastest growing CAGR. The K-12 sub-segment was the highest contributor to the market. Government initiatives to increase the quality of education at the K-12 level around the world are predicted to fuel the sub-segment growth. Furthermore, this sub-segment is pushed by schools transitioning from the conventional method to incorporating smart technology into learning environments.
The digital educational publishing market was investigated across North America, Europe, Asia-Pacific, and LAMEA. North-America was the highest revenue contributor. Asia-Pacific is the fastest-growing region. The rise in online communications, combined with the rise in work-from-home structures across North America, has increased the demand for digital publishing and is expected to boost the area market.
Key Players in the Global Digital Educational Publishing Market
Some of the significant players in the digital educational publishing market are
- Scholastic Corp.
- McGraw-Hill Education Inc.
- Georg von Holtzbrinck
- Hachette Livre
- Cambridge University Press
- Cengage Learning
- John Wiley & Sons
- Oxford University Press
- Thomson Reuters
In February 2021, Pluralsight partnered with Degreed to help customers better measure and track their technology-skilling efforts within the degreed experience. This partnership enabled joint customers to implement strategic plans to improve their employee skill inventory.