New York, NY, Oct. 29, 2018 (GLOBE NEWSWIRE) -- 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.
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.
Browse through 25 Tables & 14 Figures spread over 119 Pages and in-depth TOC on “Global Digital Education Publishing Market Size & Share 2017: Industry Growth, Trends, Analysis and Forecast to 2026”.
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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.
North America is anticipated to hold a significant share in the global digital education publishing market. This share can be attributed to the increasing investments in the education sector in the U.S. In 2017, the U.S. government allocated a budget of USD 139.7 billion for the education sector. These investments are anticipated to increase during the forecast timeframe. Further, various universities such as the Boston University, University of California, Georgia Institute of Technology, Walden University, and many others in the U.S. are offering online learning facilities for distance education.
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The European digital education publishing market is expected to witness a significant rise during the estimated timeframe. The growth can be attributed to the increasing digitalization of education in schools. It is estimated that around 30% of the students in the European Union are in digitally supported schools. Furthermore, it is estimated that there are over 3,000 e-learning organizations in Europe. The initiative was taken by the European Commission to use ‘SELFIE’; a digital tool to analyze the usage of digital technologies in schools across Europe. This is expected to fuel the growth of digital education publishing market in Europe. The UK and France are projected to make considerable contributions towards European digital education publishing market during the forecast period.
The Asia Pacific is projected to hold the highest share during the estimated period in the global digital education publishing market. Developing nations such as China and India have a great perspective on digital education publishing. Increasing digitalization is expected to fuel the growth of digital education publishing market in these regions. India is considered to be the second largest market for e-learning after the U.S. E-learning sector in India is projected to generate revenue of USD 1.96 billion till 2021 with an estimated 9.5 million users. Furthermore, the rising number of students in Chinese private universities is expected to fuel the market growth. In 2015, the total number of students in Chinese private universities was 6.1 million as compared to 5.6 million in 2013. This number is anticipated to increase over the forecast timeframe. Thus, the growth of digital education publishing market in the Asia Pacific is evident in the coming years.
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Latin America digital education publishing market is anticipated to grow at a substantial rate during the forecast period. Brazil and Argentina are anticipated to make considerable contributions towards the growth of the digital education publishing market in the region. According to the ‘Organization for Economic Cooperation and Development’ (OECD), Brazil invested about 5.7% of its overall Gross Domestic Product (GDP) in education during the year 2015. By 2024, it is estimated that education with public expenses will reach 10% of the country’s GDP. The Middle East and Africa region are expected to contribute substantially towards the rise of digital education publishing market during the forecast timeframe. In 2016, the UAE government had allotted about 21% of the federal budget for the education sector.
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
- K-12
- Higher Education
- Corporate or Skilled- Based
Global Digital Education Publishing Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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