Digital Publishing Global Market Report 2023: Increasing Digitization of Books and Educational Content Fuels 10% Annual Growth

DUBLIN, Feb. 15, 2023 /PRNewswire/ -- The "Digital Publishing Global Market Report 2023" report has been added to  ResearchAndMarkets.com's offering.

The global digital publishing market will grow from $41.35 billion in 2022 to $45.98 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The digital publishing market is expected to grow to $67.86 billion in 2027 at a CAGR of 10.2%.

North America was the largest region in the digital publishing market in 2022. Africa is expected to be the fastest growing region in the forecast period. The regions covered in the digital publishing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The increasing digitization of books and educational information is contributing to the growth of the digital publishing market. Conversion of the information into digital format contributed to the change in learning methods like the shift from traditional printed textbooks to digital modes such as e-readers, smartphones, and tablets.

For instance, due to COVID 19 lockdown in mid-2020 across the globe, the sale of physical books has gone down as most of the publishing houses and bookstores were closed and readers spent most of their time reading e-books. In India, the sale of physical books went down by 80% and sales of e-books had almost doubled during the lockdown.

Earlier pre-COVID 19, e-books or online newspapers and journals were popular among Generation Z or Millennials but during COVID 19 even Gen X and baby boomers too got aligned to this. Therefore, this trend is expected to be continued post-COVID 19 also, thus driving the market for digital publishing during the period.

The threat from open educational resources and alternative textbook sources is one of the biggest challenges faced by the digital publishing market. The market growth may be hindered by the availability and accessibility of either free or affordable resources on the web. The revenue generated will be affected owing to the emergence of no-cost access, adaption, and use of the content available online with limited or no restrictions.

For instance, Governor Andrew M. Cuomo announced $8 million funding for the Open Educational Resources Initiative at SUNY and CUNY colleges in New York. The initiative was taken to cut down the cost of textbooks which was around $1,200 a year. Also, customers prefer nowadays less use of journals and resources which require subscription since there are a large number of resources available on online platforms for free. Therefore, such factors are expected to restrain the market growth of digital publishing during the forecast period.

Consumers are increasingly using internet-based set-top boxes for high-quality video content and audio content. The global android set-top boxes market size is expected to reach $695.9 million by 2025 according to market analysis. The Telecom Regulatory Authority of India (TRAI) has decided to completely shut down analog TV transmission by 2023 and recommended the introduction of digital broadcast transmission. The rising adoption of Android STBs with the integration of OTT apps in place of analog TVs is further expected to drive the digital publishing market.

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Scope
Markets Covered:

1) By Type: Text content; Video Content; Audio Content
2) By End User: Scientific, Technical, and Medical (STM); Legal and Business
3) By Application: Smart phones; Laptops; PCs; Other Applications

Key Topics Covered:

1. Executive Summary

2. Digital Publishing Market Characteristics

3. Digital Publishing Market Trends And Strategies

4. Impact Of COVID-19 On Digital Publishing

5. Digital Publishing Market Size And Growth

6. Digital Publishing Market Segmentation

7. Digital Publishing Market Regional And Country Analysis

8. Asia-Pacific Digital Publishing Market

9. China Digital Publishing Market

10. India Digital Publishing Market

11. Japan Digital Publishing Market

12. Australia Digital Publishing Market

13. Indonesia Digital Publishing Market

14. South Korea Digital Publishing Market

15. Western Europe Digital Publishing Market

16. UK Digital Publishing Market

17. Germany Digital Publishing Market

18. France Digital Publishing Market

19. Eastern Europe Digital Publishing Market

20. Russia Digital Publishing Market

21. North America Digital Publishing Market

22. USA Digital Publishing Market

23. South America Digital Publishing Market

24. Brazil Digital Publishing Market

25. Middle East Digital Publishing Market

26. Africa Digital Publishing Market

27. Digital Publishing Market Competitive Landscape And Company Profiles

29. Key Mergers And Acquisitions In The Digital Publishing Market

29. Digital Publishing Market Future Outlook and Potential Analysis

30. Appendix

A selection of companies mentioned in this report includes

• Thomson Reuters Corp.
• RELX Group Plc
• Adobe Inc.
• Xerox Corp.
• Apple Inc.
• Verlagsgruppe Georg von Holtzbrinck GmbH
• Amazon.com Inc.
• Netflix Inc.
• Comcast Corp.
• Alphabet Inc.
• McGraw-Hill Education
• Pearson
• Cengage Learning Inc.
• Bloomberg L.P
• John Wiley & Sons
• Wolters Kluwer
• Cambridge University Press
• Google Play
• Oxford University Press
• Conde Nast International Ltd.
• Dow Jones & Co. Inc.
• Lexware
• Springer Science+Business Media
• Societe des Editions Francis Lefebvre
• Aquafadas
• Yudu
• Magplus
• Quark
• Pagesuite
• Hachette Livre
• Houghton Mifflin Harcourt

For more information about this report visit https://www.researchandmarkets.com/r/x0xogg

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