The enterprise text publishing market size is projected to reach US$ 36.31 billion by 2031 from US$ 18.36 billion in 2023. The market is expected to register a CAGR of 8.9% during 2023–2031. Personalized learning content and cross-platform publishing are likely to remain a key trend in the market.
The education sector is experiencing a digital revolution, much like any other industry. The digital ecology surrounding education has expanded dramatically in the past several years. The ease of use and convenience of learning are two of the many elements driving the use of technology in education. Many EdTech businesses and technology suppliers have entered the market to close the digital transformation gap. They are working with colleges to provide students with more accessible and reasonably priced learning approaches.
To close the gap left by the digital transition, countless EdTech businesses and technology suppliers have entered the market. They are actively working with academic institutions to provide students with more accessible and reasonably priced learning approaches. A vast digital ecosystem has emerged in the field of education today, encompassing a wide range of tools and software for virtual interactions, online assignments, content development, and delivery.
AI-based staff training solutions are increasing the effectiveness, accessibility, and engagement of learning. It has proven useful in many different businesses for jobs, including research, writing art, finding fraud, translating, and streamlining logistics, among many other things. Scalability is another benefit of AI-powered learning. AI is revolutionizing employee training by offering creative solutions that enhance performance, provide insightful information, and personalize learning for employees.
Many businesses are utilizing virtual and augmented reality technologies to develop workforces that are proficient and productive. In fact, as per Hurix Digital’s recent 2023 survey, VR/AR learning has been deemed the top goal for 30% of businesses in the upcoming years. It's safe to assume that these technologies will be very helpful to any sector that relies on experiential learning.
A key segment that contributed to the derivation of the enterprise text publishing market analysis is product type.
The geographic scope of the enterprise text publishing market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America holds a significant share of the enterprise text publishing market in 2023. The region has a high adoption rate of digital learning technologies. Moreover, the region is home to a fostering ecosystem of tech players investing in innovative tech developments. This is supplementing the market growth in the region.
The regional trends and factors influencing the Enterprise Text Publishing Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Enterprise Text Publishing Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 18.36 Billion |
| Market Size by 2031 | US$ 36.31 Billion |
| Global CAGR (2023 - 2031) | 8.9% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Enterprise Text Publishing Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Enterprise Text Publishing Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The enterprise text publishing market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the enterprise text publishing market are listed below:
The “Enterprise Text Publishing Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The enterprise text publishing market is expected to register a CAGR of 8.9% during 2023–2031
The enterprise text publishing market size is projected to reach US$ 36.31 billion by 2031
Personalized learning content and cross-platform publishing are likely to remain key trends in the market.
Hurix Digital, Kotobee (Vijua), VitalSource Technologies, Excelsoft Technologies, Impelsys Inc., Issuu, Lulu Press, Inc., Kortext, Magic EdTech, and RedShelf are among the leading payers operating in the enterprise text publishing market.
AI-powered learning and demand for real-time content are expected to drive the enterprise text publishing market.
North America dominated the enterprise text publishing market in 2023.