The global electronic dictionary market is anticipated to be valued at USD 5,714.3 million in 2023, forecast to grow at a CAGR of 11.5% to be valued at USD 16,971.3 million from 2023 to 2033. Growth is attributed to the increasing adoption of smart learning concepts. From 2018 to 2022 a CAGR of 10.5% was registered for the electronic dictionary market.
| Report Attribute | Key Statistics |
|---|---|
| Growth Rate (2018 to 2022) | 10.5% CAGR |
| Projected Growth Rate (2023 to 2033) | 11.5% CAGR |
| Expected Market Value (2023) | USD 5,714.3 million |
| Anticipated Forecast Value (2033) | USD 16,971.3 million |
Electronic dictionaries can be found in several forms, including software installed on tablet or desktop computers, mobile apps, web applications, and as a built-in function of E-readers dedicated handheld devices, paid online products, and others.
Electronic dictionary databases, with software dictionaries, are extensive and can contain up to 500,000 headwords and definitions, verb conjugation tables, and a grammar reference section. Bilingual electronic dictionaries and monolingual dictionaries of inflected languages often include an interactive verb conjugator and are capable of word stemming and lemmatization.
An increase in penetration towards the adaptation of smart learning concepts is the major factor driving the growth of the electronic dictionary market. The increasing trend toward outsourcing e-learning is another factor driving the growth of the electronic dictionary market during the forecast period.
The emerging concept of smart learning to promote interactive learning coupled with increasing school initiatives to offer better education & learning infrastructures to students is another factor thriving the growth of the electronic dictionary market in the forthcoming years.
No market is devoid of challenges and the global electronic dictionary market is no exception. One of the primary factors restraining market growth is the aspect of security.
The use of the electronic dictionary may increase the involvement of mobile phones in education, which may act as distributing agent in the classroom and act as a challenge to the growth of the electronic dictionary market.
Stringent government rules and regulations and school laws related to the usage of smartphones in the classroom can pose a challenge to the growth of the electronic dictionary market in the forecasting period. The rising awareness and promotion amongst children of real physical books may restrain the growth of the electronic dictionary market.
North America was the largest market for the electronic dictionary market and the trend is expected to continue into the forecast period owing to the rapid digitalization in the education sector in the region.
The technological advancement in the region and continuously increasing demand from the end-users for continuous improvements in the electronic dictionary market are expected to augment the electronic dictionary market. The region is forecast to have a 35% revenue share in 2023.
Europe is likely to dominate the global electronic dictionary market due to fairly mature markets in terms of technology progression and is likely to display a steady growth rate during the forecast period.
Rising inclination towards smart learning is encouraging adoption of the Electronic Dictionary market, due to which, the Europe region is anticipated to showcase a significant growth rate with respect to the electronic dictionary market in forthcoming years.
An increase in the number of key players, and rapid development in the technology infrastructure boost the growth of the market in the region. Europe accounts for a 26% share of the global electronic dictionary market.
Increasing adoption of cloud-based services is poised to propel the growth of the electronic dictionary market in the coming years. This growth is primarily attributed to the fact that the majority of the population in China is tech-savvy and engaged in online activities.
Asia Pacific is anticipated to register substantial growth during the forecast period as several leading players are setting up offices in this region in order to increase focus on expanding their business. This offers potential growth opportunities for the electronic dictionary market during the forecast period.
Franklin electronics, iRiver, MSAI (Shenzhen) Technology Co. Ltd, Boeleo, and Vasco electronics, are some of the startup companies operating in the electronic dictionary market.
Some of the key participants present in the global electronic dictionary market include Casio Computer Co., Ltd., P.T. Freshindo Marketama Corporation (Alfa Link), Canon Electronic Business Machines (H.K.) Co., Ltd., ECTACO, Inc., APKPure, Inventec Besta Co., Ltd., Noah Technology Holding, Merriam-Webster, Incorporated, Vasco Electronics LLC, and Sharp Corporation among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Casio Computer Co., Ltd., P.T. Freshindo Marketama Corporation (Alfa Link), Canon Electronic Business Machines (H.K.) Co., Ltd. account for a considerable market size, and several regional level players are also operating across key growth regions, particularly in the Asia Pacific.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 11.5% from 2023 to 2033 |
| Expected Market Value (2023) | USD 5,714.3 million |
| Anticipated Forecast Value (2033) | USD 16,971.3 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Display Type, End User, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; Middle East & Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Casio Computer Co. Ltd.; Alfa Link; Canon Electronic Business Machines; ECTACO Inc.; APKPure; Inventec Besta Co. Ltd.; Noah Technology Holding; Merriam-Webster; Vasco Electronics LLC; Sharp Corporation |
| Customization & Pricing | Available upon Request |
The global electronic dictionary market is valued at USD 5,714.3 million in 2023.
The electronic dictionary market is expected to rise at an 11.5% CAGR through 2023.
The electronic dictionary market size is likely to reach USD 16,971.3 million by 2033.
North America is leading with a 35% revenue share in 2023.
Europe accounts for 26% of shares in the global electronic dictionary market.
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Electronic Dictionary Market
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