Enterprise Text Publishing Market to Grow at a CAGR of 8.9% to reach US$ 28,065.2 Million from 2021 to 2028

The enterprise text publishing market is projected to reach US$ 28,065.2 million by 2028 from US$ 15,483.1 million in 2021; it is expected to grow at a CAGR of 8.9% from 2021 to 2028.

Increasing adoption of e-books in schools and universities is bolstering the demand for enterprises text publishing solutions. E-books help educational organizations meet three key strategic priorities: improving experience for students and academic outcomes in an increasingly competitive environment; driving innovation in learning, teaching, and research; and assisting them in the effective and efficient utilization of space and human resources. Ensuring timely access to key books and availability of sufficient copies have been fundamental challenges for universities and their libraries for many years. The adoption of e-books is a convenient option as students can read them at anytime from anywhere, which helps meet their expectations in a better and efficient manner.

Additionally, growing acceptance for innovative approaches for teaching, learning, and research is encouraging the adoption of e-books across the world. For instance, the University of Leicester offers the MSc in Security, Conflict, and International Development by distance learning. The program, provided by the Department of Criminology, is designed for people who work in international development or want to work in the field. Every student is provided with an iPad with course materials and eBooks, along with an access to the course app. Students can read these e-books without internet connection, which helps the course attendees to access this material in areas where internet is unavailable or unreliable. Thus, the rise in adoption of e-books across schools and universities is fueling the growth of the global enterprise text publishing market

Impact of COVID-19 Pandemic on Enterprise Text Publishing Market

The education industry has been flourishing at an impressive pace across the world the growing preference for high-tech education solutions as well as growing investments and funding in EdTech start-ups. In lieu of the COVID-19 pandemic, an increasingly large number of schools and universities are continuing to offer distance learning programs. They are conducting virtual classrooms and online exams, and the performance of students is assessed using assessment tools. This has led to the high demand e-books and online study material. Moreover, the corporate sector has also posed high demand for virtual training content and references to enhance remote training capabilities across organizations. Hence, the COVID 19 outbreak has had a positive impact on the growth of the enterprise text publishing market.

Lucrative Regions in Enterprise Text Publishing Market

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Market Insights–

Enterprise Text Publishing Market

Rise in Adoption of Self-Paced Learning Boosting Market Growth

In self-paced or on-demand learning, students learn in their own time. They can be from the same class, but they work at their own pace to complete assignments and proceed through the course.  The number of educational institutions, which offer online distance learning courses, is increasing due to the rising popularity of online and distance learning. Generally, professionals who want to acquire higher educational degrees but cannot dedicate themselves to a full-time course due to work commitments undertake self-paced courses from institutions for career growth. For instance, upGrad Education Private Limit offers for working professionals a self-paced Master of Business Administration (MBA) program from the Liverpool Business School across various functional domains. The course provides a complete range of study material in digital format to all its registered students; they can refer the material and plan study as per their own feasibility. Thus, the escalating adoption of self-paced learning across the world is fueling the growth of the enterprise text publishing market.

Strategic Insights

Players operating in the enterprise text publishing market are mainly focused on the development of advanced and efficient products.

• In 2021, Physiological Oncology Rehabilitation Institute (PORi) partnered with KITABOO to deliver online courses to medical practitioners. Through this initiative, the PORi aims to expand its presence digitally. The user-friendly interface the online learning platforms offered by KITABOO makes it easy for learners to go through the course material. Further, the learners can collaborate with educators and peers to discuss the techniques they learn to master the skills. The platform allows PORi to enhance their content with multimedia elements, adding to the interactivity of learning sessions and making the learning experience more immersive.
• In 2020, Lulu entered into a strategic partnership with MementoPix to make the experience of creating and purchasing yearbooks much easier and affordable for schools and parents.

The enterprise text publishing market has been segmented as follows:

Enterprise Text Publishing Market – by Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA
• South America (SAM)
  • Brazil
  • Argentina
  • Rest of SAM

Enterprise Text Publishing Market – Company Profiles

• Hurix Digital
• Kotobee (Vijua)
• VitalSource Technologies
• Excelsoft Technologies
• Impelsys Inc.
• Issuu
• Lulu Press, Inc.
• Kortext
• Magic EdTech
• RedShelf