Digital Publishing Platforms Market Trends

Growth Drivers

• Growing Digitalization in Educational Content - The growth of the digital publishing platforms market is driven by the increasing digitization of books and information on learning. The conversion of information, such as from traditional printed textbooks to electronic reading devices like book readers, smartphones, and tablets, has contributed to the evolution of teaching methods in this way. For instance, in January 2022, as of The World Economic Forum, a Switzerland-based nongovernmental organization, 92 million understudies enrolled for Coursera's online courses in 2021, an increment of 29% compared to 2020, when 71 million students enlisted for online courses. 
• Growing Penetration of E-books - The growth of the digital publishing platforms market is projected to be stimulated by the increasing adaptation of e-books. The term eBook or Electronic Book is used to describe a digital or electronic version of a printed book that can be read on computers, e-readers, tablets, smartphones, and other devices. The eBook provides readers with the convenience of accessing a large library of content on their electronic devices, making it easy for them to carry and access many titles wherever they are going.

Challenges

• Data Privacy Concerns Associated – Publishers need to be careful about how they collect and use user data, as there are growing concerns about data privacy.
• Competition from Large Platforms is Set to Hamper the Digital Publishing Platforms Market Growth in the Upcoming Period
• The need to Stay Updated with Technology is Set to Pose Limitations on the Market Growth in the Projected Period