PUBLISHER: Allied Market Research | PRODUCT CODE: 1193302
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193302
The global digital educational publishing market is envisioned to garner $41,498.9 million by 2031, growing from $9,878.9 million in 2021 at a CAGR of 15.9% from 2022 to 2031.
Digital educational publishing is the process of publishing educational content in digital form. This can contain books, articles, and films with multimedia information. In the past few years, digital educational publishing has become vital as more and more people can easily access knowledge online. Digital education platform lets educators reach a broader audience with their information, and it makes learning simpler for students by presenting them with compelling multimedia tools.
Digital learning mode helps the teachers and educators to deliver their knowledge and teachings more efficiently by broadening the lesson plan beyond typical textbooks and include numerous internet resources. With virtual learning, learners have the opportunity to take classes in the privacy of their own homes.
In the traditional school system, interaction and socialization among classmates can motivate students to outpace one another. Though several online course providers are striving to introduce social features to online learning, sociability among online learners is still far behind their conventional counterparts. This factor is likely to hinder the market growth in the next few years.
Students spend years studying the same or comparable subjects, which may grow monotonous. Digital education platform offers attractive content displays and sometimes integrate online games for learning purpose. Gamification and digital game-based learning bring amusement to the learning process and aid teachers in engaging pupils. This learning system assigns badges or score points to some of the modest successes made by the students, which inspires them to put more effort into the study and allows them to track their progress and compare their results with others. Such advantages are responsible for the growth of the digital educational publishing market in the future.
The COVID-19 pandemic brought several uncertainties, leading to severe economic losses as various businesses across the world were at a standstill. There were major import-export restrictions laid down all around the globe, and international borders were closed. The schools and colleges were shut, and this led to an uplift in the digital educational publishing market. Most of the studies shifted to online, and institutions majorly focused on teaching in virtual mode. Such factors have positively impacted the market growth in the pandemic years.
The key players profiled in this report include 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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