The growing digitalization trend around the globe has impacted the education sector, transforming traditional classrooms to virtual/online based interactive sessions. The concept of delivering education through online medium is gaining tremendous popularity as it aids in creating, sharing, and accessing educational content in digital forms, including online courses, virtual libraries, interactive games, as well as through mobile apps. The emergence of advanced technologies such as artificial intelligence, augmented reality, virtual reality and others are anticipated to enhance the quality of digital education content. Increasing number of e-learning solution and service providers are integrating these technologies in their platforms with an aim to provide better interactive capabilities. Integration with these technologies is further helping to completely transform the way in which educational content is being delivered in this digital era. Such technologies are aiding for smart content generation. For instance, Cram101 tool utilizes AI technology so as to breakdown the contents of textbooks into small and smart study guides, flashcards, chapter summaries for better interpretation. Furthermore, integration of AI based tools also help in breaking language barrier. For instance, EnglishHelper, is a digital education solution used by government schools of Maharashtra state in India. This solution has textbooks stored in it and reads them to the class along with translation of selective words in Marathi when pointed out by the teacher. Thus, educational institutions right from elementary to k-12 to higher education are undergoing transformation with the amalgamation of intelligent systems that are helping in learning better as well as achieving learning objectives. Such factors are driving the adoption of digital education content market.
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The detailed research study provides qualitative and quantitative analysis of digital education content market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- Global digital education content market was valued at US$ 31,855.9 Mn in 2018 growing at a CAGR of 8.1% over the forecast period, with rise in online publication of educational content coupled with growing penetration of smartphone and internet users
- Educational institutions dominated the global Digital Education Content Market in 2018 and are expected to grow at highest CAGR over forecast period
- North America accounted for the highest market share in global Digital Education Content Market in 2018. Asia Pacific is expected to register the highest compound annual growth rate (CAGR) over the period of next eight years
- Some of the players operating in the Digital Education Content Market are Adobe, Allen Interactions Inc., Aptara Inc., Articulate Global, Inc., CITY & GUILDS, Discovery Education, DREAMBOX LEARNING, Echo360, Educomp Solutions Ltd, Elucidat, IDEA Digital Education, Magic Software Inc., McGraw-Hill Education, MPS Interactive Systems Limited, N2N Services Inc., PROMETHEAN LIMITED, Saba Software and Trivantis amongst others.
Global Digital Education Content Market:
By Offering
- Solutions
- Services
- Training and Support Services
- Consulting Services
- Others
By Application
- Audio Content
- Video Content
- Simulation
- Others (Graphical, Textual, Etc.)
By Device Type
- Handheld Devices
- Desktops
By End Users
- Educational Institutions
- K-12
- Higher Education
- Corporate
- Government
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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