The global digital publishing market is expected to grow from US$ 24,606.5 million in 2021 to US$ 37,940.7 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028.

The adoption of eBooks across the globe is driven by better internet accessibility and availability of digital technologies in the education sector to make entire education process more interactive and engaging. Another factor responsible to contribute toward the growth of the market includes the rising conceptualization of self-paced learning and distance learning through digital platforms, which create a need for eBooks and other digital publish content. All factors mentioned above are projected to create lucrative business opportunities for providers of digital publishing. On the contrary of the market growth, availability of quality developers and challenges related to eBooks penetration might restrict the market growth to some extent.

The major stakeholders in the digital publishing market include software developers, content developers, publishing companies, and end users. With a rise in digital technological innovations and developments, the scope of digital publishing is getting propelled. The era of digital publishing has created favorable scenarios for online publication improvement, including options of diversified content streams and revenue sources. A software is developed to publish content on digital platform with different options such as audio, video, and text. This software is later used by publishing companies for publishing content relevant to schools, colleges, and corporates.

Impact of COVID-19 Pandemic on Digital Publishing Market

The COVID-19 outbreak and restrictive measures taken by governments, such as the closure of schools and other educational institutions have led to the rising demand for online study and teaching materials across schools and colleges. Moreover, the rapid spread of the COVID-19 infection has impacted the corporate working culture, leading to remote working. The adoption of remote working has also increased the demand for digitally printed documents and training materials by the organization, thereby leaving a positive impact on the market. Due to the COVID-19 outbreak, schools and universities across the region have adopted distance learning through virtual classrooms and online exams & assessment tools. This has led to the high demand for eBooks and online study material. Moreover, the corporate sector has experienced a high demand for virtual training content and references to enhance remote training capabilities across organizations. Hence, the COVID19 outbreak has had a positive impact on the growth across the region.

The overall digital Publishing market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the digital Publishing market with respect to all the segments. It also provides the overview and forecast for the market based on all the segmentation provided with respect to five major regions-North America, Europe, Asia Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the digital Publishing market. A few major players operating in the market are HurixDigital; Vijua; VitalSource Technologies; Excelsoft Technologies; Impelsys Inc.; Issuu; Lulu Press, Inc., Kortext; Magic EdTech; and RedShelf.