Electronic dictionary: Key market research findings
- Need to make education accessible drives market growth
- Increased initiatives to promote e-learning by governments worldwide
- Key vendors – Casio Computers
Based on an extensive research carried out by our analysts, the global electronic dictionary market is expected to grow at a CAGR of around 19% between 2016 and 2020. The growth of the market is fueled by the increased need to make education accessible to geographically inaccessible areas. Electronic dictionaries are useful in areas where there is little or no access to schools, books, and computers. They serve as a convenient, high-quality alternative to learners from remote areas who have limited access to traditional classroom-based education. The use of electronic dictionaries in remote locations makes it possible to deliver active, inquisitive learning, and up-to-date content to geographically isolated areas without being physically present in classrooms or libraries. The global electronic dictionary market was dominated by the APAC in 2015, which accounted for a market share of around 80%. The market is flourishing in this region primarily because of high product awareness and greater penetration of broadband connectivity.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Governments across the globe are realizing the potential of interactive educational modes in spreading learning across schools and colleges. The support ranges from providing devices, e-learning tools, and technologies. They are investing large amounts in improving the fundamental infrastructure to support digital content and software. Governments are also taking several initiatives in an attempt to build infrastructure for increased internet penetration to facilitate the expansion of digital educational technologies,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
Rising penetration of computers coupled with the growing need for computer skills in the workforce is forcing governments from across the globe to create an interactive learning environment to ensure that students are prepared to meet the industry’s demands. The demand for interactive display systems is high among schools and graduate courses owing to the growing use of mobile devices such as electronic dictionaries, especially in Asian countries such as Japan and China. This preference for display devices can be attributed to their ability to offer a wide range of aligned services. The increased demand for display devices such as LCDs, LED displays, and e-paper is likely to fuel the growth of the global electronic dictionary market during the forecast period.
Our analysts identify Casio Computers as the most prominent vendor in the global market for electronic dictionaries. The competition among the vendors operating in the market is very high and is likely to increase over the next few years. Factors such as the availability of few customers in the market, rapid advances in technology, and high availability of alternate mobile devices are intensifying the level of competition among vendors. Other prominent vendors in this market include Alfa Link (P.T. Freshindo Marketama), Canon Electronic Business Machines, ECTACO, Instadict, Inventec Besta, Noah Technology Holding, and Sharp Electronics.
A more detailed analysis is available in the Technavio report, Global Electronic Dictionary Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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