Global digital education publishing market expected to reach USD 17.9 billion globally by 2026, at a CAGR of around 9.7% between 2018 and 2026. Initiatives to provide distance learning facilities by various institutes will fuel the growth of digital education publishing market during the forecast period.
Sarasota, FL -- (SBWIRE) -- 11/09/2018 -- Zion Market Research has published a new report titled "Digital Education Publishing Market by End-User (K-12, Higher Education, Corporate, or Skilled-Based): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2026" According to the report, the global digital education publishing market accounted for USD 7.9 billion in 2017 and is expected to reach USD 17.9 billion globally by 2026, at a CAGR of around 9.7% between 2018 and 2026.
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Digital education publishing is the usage of digital platforms to publish educational content. The content is available on various sites and is compatible with various devices such as laptops, smartphones, desktops, and tablets. These books are referred to as e-books and require certain licensing fees for students to get access. E-books are substitutes for printed books as they require less cost for publishing.
Initiatives to provide distance learning facilities by various institutes will fuel the growth of digital education publishing market during the forecast period. In 2018, the Brazilian Ministry of Education allocated a budget of USD 30 billion for the education sector. Education institutes in Brazil have made various bilateral agreements with various countries in North America and Europe for distance-learning. According to the 'Brazilian Association of Distance Education' (ABED), of the 226 institutions that provide distance-learning facilities, 64% are private. It has been estimated that almost 72% of students take higher education from private institutions.
Digital education publishing market is expected to grow rapidly, owing to the rising investments in education technology. In 2017, it was estimated that these investments were over USD 9.52 billion, about 30% more than that in 2016. Major investments were made in products based on artificial intelligence (AI) and virtual reality (VR) technology for classrooms. Initiatives taken by governments of various countries in North America and Asia over the past 5 years have fuelled the growth of e-learning. Furthermore, top companies such as Microsoft, Apple, and Google offer free classroom tools for students and teachers. Recently, Facebook is helping 'Summit Public Schools' develop a platform for digital education. This, in turn, will help in propelling the growth of the digital education publishing market during the estimated timeframe.
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K-12, higher education, and corporate or skilled-based are the end-user segments in digital education publishing market. The corporate or skilled-based sector is expected to grow at the highest rate in the forecast period. This growth is due to the rising number of internet users in this segment. The higher education segment is projected to hold a considerable market share during the estimated timeframe, owing to the distance learning facilities provided by various institutes.
Europe is anticipated to hold a notable share in global digital education publishing market during the forecast period. This share is attributed to the rising investments in e-learning by most of the countries in Europe. The UK and France are estimated to make significant contributions during the forecast timeframe. In Latin America, Brazil is expected to be the most attractive country for digital education publishing market, owing to rising investments in the education sector. The government initiatives to promote the use of technology in education will fuel the growth of digital education publishing market in the region.
Some of the major participants in the digital education publishing market are Scholastic Inc., Hachette Livre, Happiest Minds, McGraw-Hill Education, Macmillan Publishers, Houghton Mifflin Harcourt, Pearson Corporation, Verlagsgruppe Georg Von Holtzbrinck Gmbh, Oxford University Press, Cengage Learning, and Thomson Reuters, among others.
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The report segments the global digital education publishing market as follows:
Global Digital Education Publishing Market: End-User Segment Analysis
Corporate or Skilled- Based
Global Digital Education Publishing Market: Regional Segment Analysis
The Middle East and Africa