Enterprise Text Publishing Market is expected to reach US$ 28,065.2 Mn by 2028

Increasing Adoption of E-Books in Schools and Universities to Provide Growth Opportunities for Enterprise Text Publishing Market Players During 2021–2028

According to our latest market study on “Enterprise Text Publishing Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Geography,” the market is expected to grow from US$ 15,483.1 million in 2021 and is projected to reach US$ 28,065.2 million by 2028; it is expected to grow at a CAGR of 8.9% from 2021 to 2028.

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.

Based on geography the enterprise text publishing market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. North America held the largest share of the market in 2020.

Impact of COVID-19 Pandemic on Enterprise Text Publishing Market

 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.

Kitaboo; Vijua; VitalSource Technologies; Excelsoft Technologies; Impelsys Inc.; Issuu; Lulu Press, Inc.; Kortext; Magic EdTech; and RedShelf are among the major companies operating in the enterprise text publishing market.