The global electronic dictionary market is expected to reach a value of US$ 5,714.3 million by 2023, and it is projected to grow steadily at a CAGR of 11.5% over the following decade, reaching a substantial value of US$ 16,971.3 million by 2033. This growth can be attributed to the rising popularity of smart learning approaches. Notably, between 2018 and 2022, the electronic dictionary market demonstrated a consistent growth rate, registering a CAGR of 10.5%.
An electronic dictionary can be used in a variety of ways, including through software installed on a tablet or desktop computer, mobile apps, web applications, a built-in feature of particular handheld devices like E-readers, paid online services, and other methods.
A device or software program that gives definitions and translations of words, phrases, and other linguistic components is referred to as an electronic dictionary, sometimes known as a digital dictionary. The desire for portable, user-friendly language learning aids has led to a major increase in the market for electronic dictionaries in recent years.
The built-in dictionary for the Amazon Kindle, the Franklin Electronic Dictionary, and the Oxford Electronic Dictionary are some examples of well-liked electronic dictionaries. Handheld gadgets, mobile apps, and computer software are all examples of electronic dictionaries.
Electronic dictionaries have the benefits of portability, rapid word searches, and access to a vast collection of definitions and translations. Additionally, they may have elements like pronunciation aids, grammatical data, and synonyms and antonyms.
Global Electronic Dictionary Market Regional Trend:
Increasing awareness about education and government initiatives for Rural Education Programs (REP)in emerging economies such as India are coupled together to drive the growth of the Electronic Dictionary market in the Asia Pacific region.
Also, the government of various countries such as UEA is focusing on Educational Tablet Initiatives, which is the other crucial factor, that can spur the demand for electronic dictionary market, in the respective region.
North America is a technology adopter region and also increase in inclination towards smart learning is encouraging the adoption of the Electronic Dictionary market, due to this, the North America region is anticipated to showcase a significant growth rate with respect to the electronic dictionary market in forthcoming years.
Market Competition:
In January 2020, Ectaco represents a new generation of voice translators and travel technology, the Ectaco iTRAVL 3 mini is the most powerful & robust talking interpreter travel tool to simplify communication. With its unique features, flexibility, and a great capacity for customization, the iTRAVL 3 mini is an indispensable gadget for anyone who encounters people with limited or no English speaking ability.
In August 2020 — Casio Computer Co., Ltd. announced that a mass production line for the automated assembly of scientific calculators went into operation at the Casio plant in Thailand. Robots were adopted to help assemble the calculator units. In order to further enhance the efficiency, stability, and strength of its production system, Yamagata Casio continued to develop the advanced production technology needed to achieve even greater automation.
The Pakistan Academy of Letters (PAL) began work on a national-level initiative in November 2022 to compile the first-ever entire electronic dictionary of over 70 Pakistani languages.
The Linguistic Research Unit (LRU) of the Indian Statistical Institute (ISI), Kolkata, is developing an electronic dictionary for the aboriginal Kheria Sabar speaking society, one of Bengal’s most vulnerable and unique tribal populations, for the very first time in February 2023.
Key Players:
The electronic dictionary market boasts a diverse array of major key players, each contributing to its innovation and growth. Among them are established names like Casio Computer Co. Ltd., known for their precision and reliability, and Canon Electronic Business Machines, recognized for their advanced technology solutions. Additionally, companies such as Alfa Link and ECTACO Inc. bring unique language learning features to the forefront, catering to diverse linguistic needs. Meanwhile, APKPure stands out for its digital platform, offering a wide range of dictionary apps to users worldwide. Inventec Besta Co. Ltd. and Noah Technology Holding contribute with their cutting-edge devices, while Merriam-Webster, a renowned authority in language, adds credibility and trust to the market. Vasco Electronics LLC and Sharp Corporation further enrich the landscape with their innovative approaches, solidifying their positions as leaders in the electronic dictionary sector.
Regional Outlook:
The electronic dictionary market exhibits a diverse regional landscape, influenced by factors such as language demographics, educational policies, and technological infrastructure. Asia Pacific holds a significant share, driven by the high demand for English language proficiency in countries like China, Japan, and South Korea. The region also benefits from the proliferation of smartphones and e-learning platforms, fostering the adoption of digital language tools.
In North America and Europe, the market is characterized by a mature user base comprising language learners, professionals, and travelers. However, there is a growing emphasis on lifelong learning and skill development, driving the demand for advanced language solutions. Latin America and the Middle East & Africa are emerging as lucrative markets, propelled by increasing investments in education and language diversity.
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