According to our latest market study on “Digital Publishing Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Content Type and End User,” The market is expected to grow from US$ 24,606.5 million in 2021 to US$ 37,940.7 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028.
Accentuating Growth of Online learning Solutions Across Enterprises to Drive Market Growth during Forecast Period
Online learning sales have boosted significantly due to the rising inclination toward digital content for learning and offering training to corporates. Online learning has grown significantly in the last decade as the internet and education have merged to provide people across the world with an opportunity to learn new skills. Udemy, Coursera, Lynda, Skillshare, and Udacity are among a few online learning systems. Different user verticals also influence the platforms. By offering online courses, top-tier universities are also democratizing education. Renowned colleges such as Stanford University and Harvard University offer online courses in computer science, engineering, mathematics, business, art, and personal development. These online courses provide students with digital versions of study materials and textbooks that they can use to prepare for online tests and other certifications. Thus, the rise in the adoption of online education across the region is also fueling the growth of the digital publishing market.
Amid the COVID-19 pandemic outbreak, the penetration of eBooks, eText, and digital publishing got accelerated at a rapid pace. This factor has created a positive surge in the growth of digital publishing, and thus positively impacted its scope among corporates, schools, colleges, and universities. Europe held the second position in the digital publishing market in 2020. Rising government initiatives across the European countries to promote the adoption of digital textbooks across schools, colleges, and universities contribute to the growth of the region in the global market. Since 2017, the Council of Europe's Education Department has been working on an online learning platform that provides educators across Europe with practical teaching and training materials. The money will go toward the Council of Europe's missions, including the protection and promotion of human rights, democracy, and the rule of law across Europe. Thus, the factors mentioned above contribute to the growth of the region in the global digital publishing market.
Key Findings of Study:
The global digital publishing market is segmented into five major regions-North America, Europe, APAC, MEA, and SAM. Based on content type, the market is characterized into text, video, and audio. In 2020, the text segment accounted for a larger share in the market. Based on end user, the digital publishing market is segmented into end user individual, and enterprises. In 2020, the enterprises segment accounted for the largest share in the market. Enterprises are looking to provide personnel with digital publications that include marketing tools and sales enablement, training, and other standard paperwork.