Market Scenario
Market Research Future (MRFR) inits latest “ElectronicDictionary Market” report, reveals that the global electronic dictionary market islikely to expand at about 15% of CAGR for the forecast years of 2017 and 2023. MRFR inthe report also states that the global market of electronic dictionary ispoised to surpass a valuation of about USD 8 Billion by the end of theevaluation period.
Across the globe, students areencouraged to use electronic dictionary. This is to improve their readingability and writing skills. Electronic dictionary rapidly gaining popularityand their availability in different languages is adding to their popularity.Some of the electronic dictionary also holds translation feature that aids inthe better understanding of meaning of words. This technology is also used byspecial children those with specific learning disabilities, intellectualimpairment, and facing behavioral challenges. In addition, electronicdictionary facilitate students by providing synonyms, which aids them to beindependent in their learning ability. These advantages of electronicdictionary are expected to surge its market, globally.
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Theavailability of electronic dictionary in different format, such as mobileapplications installed in tablets and smartphone, handheld device, DVD-ROMs,CD-ROMs, computer software, and in-built electronic dictionary application fore-readers. The electronic dictionaries also display 500,000 headwords anddefinitions, verbal conjugation table, grammar, synonyms, reference section,language translator, and other verbal aids. This is expected to spur theexpansion of the market in the coming years.
Competitive Landscape
EctacoInc., a company based in the US is one of the eminent manufacturer ofelectronic dictionary. They offers words meaning in 26 languages. Thedictionary comprises nearly 20 lakh database feature, along with its 500AL promodel that contains extensive amount of information. Another leadingmanufacturer of electronics dictionary is Hanvon, which has developed adictionary pen. This provides meanings in 8 different languages and is able totranslate long words and sentences by scanning them. Also, it reads it aloudfor better understanding of meaning and pronunciation of words.
Market Key Players
MRFR listed some of the eminentplayers of electronic dictionary market. They are, Ectaco Inc. (U.S.), CanonElectronic Business Machines (Hongkong), Inventec Besta Co., Ltd. (Taiwan),Noah Technology Holding (China), Sharp Electronics (U.K.), Casio Computer Co.,Ltd. (Japan), IFLYTEK (China), Alfa Link (P.T. Freshindo Marketama)(Indonesia), Wisebrave (China), Hanvon (China), and others.
Market Segmental Outline
The globalelectronic dictionary market’s segmental analysis is based on type, screensize, display type, and end-user. By type, the market is segmented into studentdictionaries, business and travel dictionaries, and professional electronicdictionaries. By Screen Size, the electronic dictionary market is segmentedinto 0 inches, 0-2.8 inches, 8-3.2 inches, and 0 inches and above. By displaytype, the electronic dictionary market is segmented into LCD, DVD-ROM,Keyboard, Touch Display, CD-ROM, Stylus, Computer Software, and others. By End-User,the market is segmented into K-12 Students, Above K-12 Students, and BusinessProfessionals.
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Detailed Regional Analysis
NorthAmerica, Europe, Asia Pacific, and Rest of the World are regional segments ofthe electronic dictionary market. The increase in need for electronicdictionary and increase in the utility of the internet and digital are expectedto propel the market in the APAC region. The flourishing e-learning industry inAsia Pacific is expected to lay ground for the regional market to explode.Also, the implementing K-12 digital education in the region can contribute tothe growth of the market. The region consists of people that have differentlinguistic, which is another significant factor that is anticipated to fuel theelectronic dictionary market growth in the Asia Pacific.
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