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The Digital Publishing Market Thrives As Digitization Of Educational Content Drives Adoption: Strengthening the Growth Trajectory of the Digital Publishing Market
Digital Publishing
What Is the Expected CAGR for the Digital Publishing Market Through 2025?
In recent years, the scope of digital publishing has undergone rapid expansion. Projected to rise from a market worth of $52.61 billion in 2024 to $58.73 billion in 2025, it boasts a compound annual growth rate (CAGR) of 11.6%. This notable growth in the historic period can be traced back to several factors including increased internet accessibility, the rise of e-books, widespread use of mobile devices, the implementation of digital rights management (DRM), and a shift towards consuming content online.
What's the Projected Size of the Global Digital Publishing Market by 2029?
The size of the digital publishing market is projected to witness a swift expansion in the coming years. It is forecasted to reach $88.16 billion by 2029, with a compound annual growth rate (CAGR) of 10.7%. This predicted growth during the forecast period can be linked to the prevalence of remote work optimization tools, shared storytelling platforms, blockchain for verifying content, sustainable publishing methods, and audience data analytics. Predominant trends for the forecast period encompass mobile optimization, individual content delivery, subscription, and member business models, as well as the incorporation of audio, visual, AI, and machine learning.
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Top Growth Drivers in the Digital Publishing Industry: What's Accelerating the Market?
The growth of the digital publishing market is being driven by the escalating trend of transforming books and educational data into digital forms. This transformation has shifted educational methods towards innovative avenues, using devices like e-readers, smartphones, and tablets instead of conventional printed textbooks. For example, Eurostat, a governmental institution in Luxembourg, reported that in 2023, 7.2% of European Union inhabitants purchased ebooks, which demonstrated a rise from the previous year's percentage of 6.6%. Consequently, it's anticipated that this continued increase in the digitization of books and educational content, which is expected to extend beyond the COVID-19 pandemic, will propel the digital publishing market further.
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What Trends Will Shape the Digital Publishing Market Through 2029 and Beyond?
There's a growing trend among consumers who are shifting towards using online set-top boxes to access high-quality video and audio content. Market analysis predicts that the global Android set-top boxes market could swell to a value of $695.9 million by the year 2025. By 2023, analog TV transmission is set to be entirely discontinued by the Telecom Regulatory Authority of India (TRAI), who have recommended the change to digital broadcast transmission. Given the increasing use of Android STBs and the integration of OTT apps as a replacement for traditional analog TVs, it is anticipated that the digital publishing market will be buoyed by these changes.
What Are the Main Segments in the Digital Publishing Market?
The digital publishing market covered in this report is segmented -
1) By Type: Text Content, Video Content, Audio Content
2) By Application: Smart Phones, Laptops, PCs, Other Applications
3) By End User: Scientific, Technical, And Medical (STM), Legal And Business
Subsegments:
1) By Text Content: E-Books, Online Articles And Blogs, Digital Magazines And Newspapers, Research Papers And Journals
2) By Video Content: Online Courses And Tutorials, Video Blogs (Vlogs), Documentaries And Web Series, Promotional And marketing Videos
3) By Audio Content: Podcasts, Audiobooks, Music Streaming, Radio Shows And Online Broadcasting
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Which Top Companies are Driving Growth in the Digital Publishing Market?
Major companies operating in the digital publishing market include Amazon.com Inc., Apple Inc., Alphabet Inc., Adobe Inc., Aquafadas Inc., Bloomberg L.P, Google Play, RELX Group plc, 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., Magplus Inc., Yudu Ltd.
Which Regions Will Dominate the Digital Publishing Market Through 2029?
North America was the largest region in the digital publishing market in 2024. Africa is expected to be the fastest-growing region in the digital publishing market report during the forecast period. The regions covered in the digital publishing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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