Electronic Dictionary Market Forecast 2023 - 2030

By Sales Channel :

Based on the sales channel, the market is bifurcated into direct sales and distributor sales. The distributor sales segment accounted for the largest revenue share in the year 2022. The distributor sales channel of electronic dictionary comprises of both offline and online modes. In online mode, the electronic dictionary can be bought from e-commerce websites such as eBay, Alibaba, Amazon, and others. The offline mode includes the distribution of electronic dictionary through retail stores, specialist stores, and others. Moreover, the purchase of electronic dictionary from a distributor also benefits the consumer in selecting the best product available in the market.

For instance, CASIO and ECTACO Inc. are among few of the electronic dictionary manufacturers that offer a range of electronic dictionaries for purchase through various e-commerce websites including Amazon, eBay, and others. Therefore, the increasing availability of electronic dictionaries in online distributor sales channel is a prime factor proliferating the growth of the segment.

The direct sales segment is anticipated to register fastest CAGR growth during the forecast period. In direct sales channel, products are directly sold to customers through various physical outlets such as company outlets, and others. Moreover, the direct sales channel also consists of online mode, in which the manufacturers sell the products through their own company websites. Additionally, purchasing electronic dictionary from direct sales channel offers various benefits including higher product quality, competitive pricing, faster response time, and higher return on investments, which are primary factors increasing the purchase of electronic dictionaries from direct sales channel.

For instance, Ellton Enterprise PTE Ltd. is among few of the electronic dictionary manufacturers that offer a range of electronic dictionaries for direct purchase through company website. Therefore, the increasing availability of electronic dictionary in direct sales channels, attributed to its above benefits, is a key factor projected to drive the growth of the segment during the forecast period.

By End-User:

Based on the end-user, the market is segregated into educational institutions, business enterprise, language learners, and travelers. The educational institutions segment accounted for the largest revenue share of 33.4% in the year 2022. Factors including the increasing adoption of higher education enrolments, growing international student mobility, and rising government funding and initiatives for the development of educational institutes are key prospects driving the growth of the educational institution segment.

For instance, according to the Ministry of Education, India, the total enrolment of students in primary to higher secondary school education in India reached 255.7 million in FY 2021-22, witnessing an increase from 253.8 million enrolments in FY 2020-21. Therefore, the rising student enrolments in educational institutions is driving the utilization of electronic dictionaries to helps students in vocabulary expansion, language learning, and exam preparations, in turn proliferating the growth of the market.

The language learners' segment is expected to witness fastest CAGR growth during the forecast period. The growth of language learners' segment is attributed to several factors including the rising globalization, expansion of business operations abroad, increasing need for cross-border communication, and growing number of international language learners.

For instance, according to the ELT Council, Malta, foreign students attending English language courses at local licensed ELT (English Language Teaching) institutions in Malta reached 27,853 individuals, representing a growth of 68.9% in comparison to 2020. Electronic dictionaries provide language learners with an efficient and convenient tool for pronunciation guidance, vocabulary building, and language comprehension along with instant access to definitions and language translations. Thus, the rising prevalence of international language learners is projected to drive the adoption of electronic dictionary, in turn driving the growth of the market during the forecast period.

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By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America accounted for the largest revenue share of USD 1,918.04 Million in 2022 and is expected to reach USD 4,360.16 Million by 2030, registering a CAGR of 11.2% during the forecast period. In addition, in the region, the U.S. accounted for the maximum revenue share of 52.42% in the same year. The adoption of electronic dictionary in the North American region is primarily driven by its utilization in educational institutions including schools and colleges along with growing international student mobility among others. Moreover, the increasing adoption of electronic dictionary by students for vocabulary expansion, language learning, and exam preparations is among the significant factors driving the market growth in the region.

Additionally, factors including rising tourism activities and increasing utilization of electronic dictionary by tourists to communicate effectively in foreign countries through instant translations and language support are driving the market growth in the region. For instance, according to Trading Economics, the number of tourist arrivals in the United States reached up to 5.2 million in March 2023, depicting an increase of 26.8% as compared to 4.1 million in February 2023. The above factors are further driving the growth of the market in North America.

Asia-Pacific is expected to register fastest CAGR growth of 11.4% during the forecast period. The rising pace of urbanization and development is promoting lucrative opportunities for market growth in the Asia-Pacific region. Moreover, factors including the expansion of educational institutions and rising adoption of higher education enrolments are among the major prospects fostering the market demand for electronic dictionary in the region.

For instance, according to the Ministry of Education of China, currently, there are over 529,300 educational institutions in China with total student enrolments of 291 million in 2021. In 2021, gross enrolment in higher education in China reached approximately 57.8%, depicting an increase of 3.4% in comparison to 2020. Therefore, the expansion of educational institutions and rising adoption of higher education enrolments is anticipated to drive the utilization of electronic dictionary by students for learning activities, thereby, boosting the market growth in the Asia-Pacific region during the forecast period.