About Encyclopedia Service
Encyclopedia service is an electronic database having general knowledge on a number of topics. Encyclopedia service is designed to help and offer the opportunity to add the legitimate source to research papers, presentations, and, these encyclopedia sources are credible and essential to used online sources that are trustworthy. There are several types of encyclopedias available in different fields such as medicine, pop culture, history, wildlife, and law. The use of these services will provide more in-depth information than those with general information on multiple topics. The increasing demand and needs of people for seeking basic research and detailed information is booming the demand for encyclopedia service.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Encyclopedia Service market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wolfram Alpha LLC (United States), Encyclopædia Britannica, Inc (United States), SOGOU (China), Ballotpedia (United States), Bytedance plans (China), Safeopedia (Indonesia), Wikipedia (United States), Baidu Baike (China)Investopedia (United States) and Techpedia (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Webopedia (United States) and Offervault (United States).
Segmentation Overview
AMA Research has segmented the market of Global Encyclopedia Service market by Type (Encyclopedias for General Information, Subject-Specific Encyclopedias, Electronic Encyclopedias, Crowdsourced Encyclopedias and Others), Application (Education, Research and Development and Others) and Region.
On the basis of geography, the market of Encyclopedia Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Device Support, the sub-segment i.e. Mobile will boost the Encyclopedia Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Use, the sub-segment i.e. Subscription will boost the Encyclopedia Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Online will boost the Encyclopedia Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode of Access, the sub-segment i.e. Websites will boost the Encyclopedia Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Personal will boost the Encyclopedia Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The demand for Encyclopedia Service Apps in Mobile phone
Market Growth Drivers:
Speedy urbanization, changing governmental policies and Increasing R&D activities and Government Concern related to Education in Developing Countries such as India is a key Driving Factor of Growth
Challenges:
Management of Huge Data Services
Restraints:
The membership fee is charged as part of a subscription business model
Market Leaders and their expansionary development strategies
In September 2019 Chinese Based Company ByteDance acquired local Wikipedia baike.com For escalating rivalry with Baidu. This move was has helped ByteDance to become the new owner of one of the largest Chinese answers to Wikipedia.
For instance, in April 2019 china based company Bytedance has become the second-largest encyclopedia website. Moreover to it also launches a search engine named Toutiao Search Capable of looking for contents including videos, Music, news, news aggregator jinri toutios and microheadline app wei Tutiao.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Encyclopedia Service Provider, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.