Electronic Dictionary market size is estimated to be worth US$ 5974.9 million in 2022 and is forecast to a readjusted size of US$ 12240 million by 2028 with a CAGR of 12.7% - Valuates Reports

Due to the COVID-19 pandemic, the global Electronic Dictionary market size is estimated to be worth US$ 5974.9 million in 2022 and is forecast to a readjusted size of US$ 12240 million by 2028 with a CAGR of 12.7% during the review period.

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Trends Influencing Electronic Dictionary Market
Increasing internet penetration

The proliferation of smartphones has given English language learners easy access to a range of online dictionary applications. The visual design and content of online dictionary tools just at the click of a button have captured the attention of students across the globe. The ability to learn more words in shorter periods of time in comparison to paper dictionaries has improved its usage. The extensive search process has been eliminated thereby leading to massive adoption. The language barrier has been removed with a wide range of digital content. This will in turn spur the growth of the electronic dictionary market during the forecast period.

The advent of the online learning industry

Smart learning infrastructure has given rise to online learning platforms for better retention and increased interactivity. Schools and colleges are implementing virtual learning models for better result outcomes. The grasping of a new vocabulary of a foreign language becomes easier to understand through electronic dictionaries. Online tools, desktop applications, mobile apps, and portable handheld devices are just some of the preferred means for looking up unknown words. The user-friendliness, ubiquity, and universal access are driving the largescale adoption amongst students, teachers, business studies, or for personal uses.

Electronic Dictionary Market Size and Share
Based on application, the business use segment is expected to grow the highest in the electronic dictionary market share during the forecast period.

Based on region, North America is likely to maintain the lead in the electronic dictionary market share due to the early adoption of technology and a growing shift towards smart learning infrastructure.

China Electronic Dictionary market size is valued at US$ million in 2021, while the US and Europe Electronic Dictionary are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period.

As for the Europe Electronic Dictionary landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.

The global key manufacturers of Electronic Dictionary include Casio, Ectaco, Franklin, Seiko, MEIJIN, INSTANT DICT, Sharp, Noah and OZing, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

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This release was published on openPR.