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Shibuya-ku, Tokyo, Japan, Japan, Jan 16, 2022, 23:19 /Comserve / -- As per analysis by Research Dive, the global digital educational publishing market was valued at $8,400.8 million in 2019, and is projected to reach $27,891.5 million by 2027, at a CAGR of 17.0%.
Impact Analysis of COVID-19 on the Global Digital Educational Publishing Market:
The coronavirus pandemic has had a positive impact on the growth of digital educational publishing market. Owing to COVID-19, majority of the countries followed a complete shutdown which increased e-learning and as a result, increase in the usage of digital educational publishing’s. For instance, educational institutions across the world are promoting the use of e-books and digital publishing along with e-learning. As a result, the digital educational publishing market will witness a positive impact during the forecast period owing to the widespread growth of the coronavirus pandemic.
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Global Digital Educational Publishing Market Analysis:
Factors such as the rise in the adoption of advanced technologies and the continuous development of new products and solutions for education will have a significant impact on the growth of the digital educational publishing market value during the forecast period.
Availability of open-source materials like Mozilla Firefox, Google Chrome, Apache HTTP server and others, with the advent of massive open online courses, might be a threat for the growth of digital educational publishing market.
Growing support and initiatives for digital educational publishing through government bodies in different regions is expected to create investment opportunities.
Digital education publishing is the use of digital media to publicize educational content. The content is accessible on various pages and is compatible with different devices, such as computers, smartphones, desktops, and tablets.
On the basis of product type, digital educational publishing market is segmented into digital textbooks, digital assessment books, and others.
The digital textbooks sub-segment was the highest contributor to the market, with $ 3,353.0 million in 2019, and is estimated to reach $10,684.90 million by 2027, at a CAGR of 16.5% during the forecast period.
On the basis of end-user, digital educational publishing market is segmented into K-12, higher education, corporate or skill-based.
The K-12 sub-segment was the highest contributor to the market, with $3,747.3 million in 2019, and is estimated to reach $12,215.10 million by 2027, at a CAGR of 16.8% during the forecast period.
Based on geographical scope, the market was investigated across North America, Europe, Asia-Pacific, and LAMEA. North-America was the highest revenue contributor, accounting for $2,945.4 million in 2019, and is estimated to reach $9,444.3 million by 2027, with a CAGR of 16.6%. Increasing in online communications along with rise in work from home structure across North America have led to an increased the demand of opting for digital publishing’s and is predicted to drive the region market.
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Some of the significant digital educational publishing market players are Scholastic Corp., McGraw-Hill Education Inc., Georg von Holtzbrinck, Hachette Livre, Pearson, Cambridge University Press, Cengage Learning, John Wiley & Sons, Oxford University Press, and Thomson Reuters.
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