The global electronic dictionary market is expected to be valued at USD 5,714.3 million in 2023, rising at an 11.5% CAGR to USD 16,971.3 million between 2023 and 2033. The rising usage of smart learning principles is attributable to the growth. The electronic dictionary market grew at a CAGR of 10.5% between 2018 and 2022.
The primary factor fueling the expansion of the electronic dictionary market is an increase in the adoption of smart learning techniques. Another driver fueling the development of the electronic dictionary industry over the estimated time frame is the growing trend of outsourcing e-learning.
Another reason fueling the development of the electronic dictionary market in the next years is the rising notion of smart learning to encourage interactive learning, as well as increased school activities to provide better education and learning facilities to students.
North America was the biggest market for electronic dictionaries, and this trend is likely to continue throughout the projection period due to the region’s growing digitalization of the education sector.
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The region’s technical advancements, as well as the end-users’ increasing demand for constant advancements in the electronic dictionary industry, are likely to boost the electronic dictionary market.
Europe is anticipated to take over the worldwide electronic dictionary market due to relatively mature markets in terms of technological advancement and to exhibit a consistent growth rate over the projected period.The growing preference for smart learning is boosting the implementation of the electronic dictionary market, and as a result, the Europe region is expected to exhibit a substantial growth rate in the electronic dictionary market in the approaching years.
Key Takeaways from the Market Report
- The market has grown at a CAGR of 10.5% during the last five years.
- Between 2023 and 2033, consumption in India are expected to expand at an amazing 11.2% CAGR.
- The region is expected to hold 35% of the electronic dictionary market.
- Europe comprises 26% of the global electronic dictionary market.
- Between 2023 and 2033, the United States market is predicted to develop at an outstanding 11% CAGR.
Competitive Landscape
- In November 2022, the Pakistan Academy of Letters (PAL) started operations on national-level services to create the first-ever digitized dictionary featuring more than 70 Pakistani languages.
- For the first time in February 2023, the Linguistic Research Unit (LRU) of the Indian Statistical Institute (ISI) in Kolkata is constructing an electronic dictionary for the aboriginal Kheria Sabar speaking community, one of Bengal’s most fragile and distinct tribal tribes.
Key Players
- 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
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More Valuable Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the global Electronic Dictionary market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.
The study reveals essential insights by Display Type (LCD, Keyboard, Stylus, Touch Display, Others Displays), End User (School Level Electronic Dictionaries, College Level Electronic Dictionaries, Post Graduate Level Electronic Dictionaries, Professional Electronic Dictionaries, Electronic Dictionary for Other End Users), and Region.
Electronic Dictionary Industry Segmentation:
By Display Type:
- LCD
- Keyboard E
- Stylus Touch Display
- Others
By End User:
- School Level
- College Level
- Post Graduate Level
- Professional
- Other End Users
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
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