Online Education Market By Type (academic and corporate); By Technology (Mobile E-learning, Learning Management System, Application Simulation Tool, Rapid E-learning, Podcasts and Virtual Classrooms); By vendor (service provider and content provider); By end-user (higher education institutions, k-12 schools and others) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030
Online Education Market to surpass USD 1306.3 billion by 2030 from USD 162.4 billion in 2021 at a CAGR of 26.10% throughout the forecast period 2021-30.
Online Education is a learning system that relies on the Internet for interaction and distribution of course material between students and teachers. Factors such as a reduction in education cost, increasing government initiatives supporting online education, and increasing usage of smartphones and the internet connectivity affect the online education market. The market is also expected to be rise due to the increasing demand for adaptive learning.
Online Education Market is expected to project a CAGR of 26.10% during the forecast period, 2021-2030
Due to increasing usage of the internet along with the globe. Growing cloud-based adoption with huge investments by key players is expected to give rise to the market. Advancements in the field of artificial intelligence and rapid growth of the Internet of Things will also continue to enhance the user experience on these online education platforms.
it can be classified into the academic and corporate sectors.
it can be segmented into Mobile E-learning, Learning Management System, Application Simulation Tool, Rapid E-learning, Podcasts, and Virtual Classrooms.
it can be further segmented into service provider and content provider. It is dominated by the content segment due to the increased emphasis on science education in schools, which have been inclined towards online courses offering all bachelor’s, masters, and doctoral degrees globally.
Increased demand for internet and smartphones to drive the market growth
The factors responsible for the growth of the online education market include increasing adoption of the Internet and smartphone users and raising awareness about the e-learning and online education industry. The government’s initiatives to promote digital education infrastructure is also a driving force of the market. Online education eliminates the infrastructure cost and offers various courses on demand. It is aided with the cloud which makes the study material accessible from anywhere and at any time. Value-added services like live projects, career counseling sessions, and group discussions offered with the regular courses also enhances the user's experience.
Insufficient formal recognition and unawareness
Lack of formal accreditation and formal recognition along with less abundance and awareness of free content are the challenges faced by the online education market on a global scale.
North America held the largest market share of Global online education market, though APAC is projected to overtake it during the forecast period due to the rising internet connectivity along with rising mobile phone users in emerging economies such as China, Malaysia, India, and South Korea.
Business Strategy,Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Online Education Market size was estimated at USD 162.4 billion in 2021 and is expected to reach USD 1306.3 billion by 2030
Lynda.com, Pearson PLC, Blackboard Inc., Tata Interactive systems, K12 Inc., Classteacher learning system, Udacity Inc., Edmodo, Docebo, Adobe Systems Inc.
By Type and By Technology are anticipated to hold the Online Education Market
Drivers Increased demand for the internet and smartphones to drive the market growth
online education is a learning system that relies on the Internet for interaction and distribution of course material between students and teachers. Factors such as a reduction in education costs, increasing government initiatives supporting online education, and increasing usage of smartphones and internet connectivity affect the online education market.
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