K-12 segment Will Continue to Dominate the Global Digital Educational Publishing Market Through 2020, Says Technavio

LONDON--()--According to the latest market study released by Technavio, the global digital educational publishing market is expected to grow at a CAGR of more than 12% during the forecast period.

This research report titled ‘Global Digital Educational Publishing Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

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The global digital educational publishing market is divided into three categories of learning as illustrated below.

  • K-12
  • Higher education
  • Corporate or skill-based

Global digital educational publishing market in K-12 education segment

The global digital educational publishing market in the K-12 segment was valued at USD 2.35 billion in 2015. The market will likely reach USD 3.89 billion by 2020, at a CAGR of 10.61% during the forecast period.

The K-12 education segment will be the largest contributor to the market during the forecast period. A growing number of institutions, which provides K-12 education worldwide, are transitioning from print textbooks to digital content. “This surge in content digitization has made the learning-teaching process easier for students and teachers. In addition to regular syllabus, schools are introducing innovative packages of digital books, in all subjects, which include assignments,” says Jhansi Mary, a lead analyst at Technavio for research on education technology.

The report also emphasizes digital publications that improve students' learning experience, retention rates, and allow parents and faculty to assess performance regularly. As children are increasingly using smart devices to learn, educational institutions have started incorporating these devices in the learning environment. With the emergence of government initiatives to digitalize educational institutions and implementation of BYOD (bring your own device) plan by schools, the market should observe a burgeoning growth.

Global digital educational publishing market in higher education segment

The global digital educational publishing market in the higher education segment was valued at USD 1.79 billion in 2015. It is likely to reach USD 3.65 billion by 2020, at a CAGR of 15.32% during the forecast period.

The higher education segment has a significant opportunity for growth during the forecast period. A large number of students, particularly within the age group 15-25, choose both technical and non-technical online courses. The curricula of these courses constitute digital educational publications. However, this segment is observing increased demand from both classroom-based and virtual learning environments. Online courses have broadened the customer base for digital publications. E-textbooks offer various advantages to post-secondary students. These e-textbooks include features such as embedded audio or video files along with communication tools that facilitate effective interaction between faculty and students. In the backdrop of rising prices of print textbooks they help save cost.

Renowned institutions like Carnegie Mellon University and Georgetown University offer students the opportunity to rent e-readers through university libraries. At Carnegie Mellon University, e-reader devices can be borrowed for a two-week duration and are pre-loaded with educational content. At Georgetown University, students are allowed to borrow a Kindle Fire, Kindle DX, or iPad from the library and upload their own content.

Global digital educational publishing market in corporate or skill-based education segment

The global digital educational publishing market in the corporate or skill-based education segment was valued at USD 680.4 million in 2015 and is expected to reach USD 1 billion by 2020. The market is likely to register a CAGR of 8.05% during the forecast period.

The corporate or skill-based education segment will witness stable growth during the forecast period. The use of digital educational publications is limited in a corporate environment as organizations have in-house study and training materials. These study materials are used by employees mainly as a reference in addition to other in-house content, which can be customized based on work requirements.

“The e-books are used in the corporate sector to obtain insights about industries, such as interviews of industry specialists who have expertise in various fields. The skill-based segment will see a rise in the use of digital textbooks that could be purchased from subscription-based websites. Therefore, vendors can capitalize on the inherent opportunity in this segment by entering into agreements with online subscription providers,” says Jhansi.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Georg von Holtzbrinck
  • Hachette Livre
  • McGraw-Hill Education
  • Pearson Education

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global digital educational publishing market is expected to grow at a CAGR of more than 12% during the forecast period.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com