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Digital Publishing Market 2024 Opportunity Assessment, Production Analysis, Segmentation And Forecast To 2033
Digital Publishing Market Share
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According to The Business Research Company's, The digital publishing market size has grown rapidly in recent years. It will grow from $46.48 billion in 2023 to $51.78 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to internet accessibility expansion, e-book revolution, mobile device proliferation, digital rights management (drm), shift to online content consumption.
The digital publishing market size is expected to see rapid growth in the next few years. It will grow to $79.6 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to remote work optimization tools, collaborative storytelling platforms, blockchain for content authentication, sustainable publishing practices, data analytics for audience insights. Major trends in the forecast period include mobile optimization, personalized content delivery, subscription and membership models, audio and visual integration, ai and machine learning integration.
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Market Drivers and Trends:
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 such as the shift from traditional printed textbooks to digital modes such as e-readers, smartphones, and tablets. For instance, in January 2022, according to The World Economic Forum, a Switzerland-based nongovernmental organization, 92 million students registered for Coursera's online courses in 2021, an increase of 29% compared to 2020, when 71 million students registered for online courses. Therefore, the increasing digitization of books and educational information is expected to be continued post-COVID 19 also, thus driving the market for digital publishing market during the 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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Major Key Players of the Market:
Amazon.com Inc., Apple Inc., Alphabet Inc., Comcast Corporation, Netflix Inc., Adobe Inc., Aquafadas Inc., Bloomberg L.P, Google Play, RELX Group plc, Xerox Corporation, Thomson Reuters Corporation, Wolters Kluwer NV, Pearson plc, Hachette Book Group, John Wiley & Sons Inc., Springer Science+Business Media, Verlagsgruppe Georg von Holtzbrinck GmbH, Conde Nast International Ltd., McGraw-Hill Education, Dow Jones & Co. Inc., Cengage Learning Inc., Cambridge University Press & Assessment, Houghton Mifflin Harcourt, Oxford University Press, Société des Editions Francis Lefebvre, Quark Software Inc., Pagesuite Pvt. Ltd., Lexware GmbH Co. KG, Magplus Inc., Yudu Ltd.
Digital Publishing Market 2024 Key Insights:
• The digital publishing market size is expected to see rapid growth in the next few years. It will grow to $79.6 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%.
• The Digital Publishing Market Thrives As Digitization Of Educational Content Drives Adoption
• Internet-Based Set-Top Box Adoption Drives Growth In The Digital Publishing Market
• North America was the largest region in the digital publishing market in 2023
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