NEW YORK, Feb. 2, 2024 /PRNewswire/ — The online education market is estimated to grow by USD 148.22 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 9.49% during the forecast period. 2U Inc., Alef Education Consultancy LLC, Ambow Education Holding Ltd., Aptara Inc., Cengage Learning Inc., Coursera Inc., edX LLC, General Assembly Space Inc., Instructure Holdings Inc., ITS EDUCATION ASIA, iTutorGroup Ltd., iversity Learning Solutions GmbH, LinkedIn Corp., McGraw Hill Education Inc., Online Education Pty. Ltd., Pearson Plc, Pluralsight Inc., Think and Learn Pvt. Ltd., Udacity Inc., and Udemy Inc. are key companies.
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Technavio has segmented the market based on Type (Primary and secondary supplemental education, Reskilling and online certifications, Higher education, Test preparation, and Language and casual learning), End-user (Academic, Corporate, and Government), and Geography (North America, APAC, Europe, South America, and Middle East and Africa).
- The market share growth by the primary and secondary supplemental education segments will be significant during the forecast period. The online education segment offers individualized learning through subscription-based courses, catering to STEM subjects like science, technology, engineering, and mathematics. It’s evolving from a B2B to a C2C model. This approach integrates real-world applications into the curriculum, emphasizing gaming elements to enhance critical thinking and problem-solving skills in students.
By geography, the global online education market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global online education market.
- North America is projected to account for 33% of the market’s growth by 2027. North America shows a strong adoption of digital education, with a focus on flexible learning through new technologies. The US leads the region’s online education market due to the popularity of online degrees. The shift towards mobile devices like smartphones and tablets is driving investments in educational content, enhancing learning efficiency for students.
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Increasing focus on language learning is a key factor driving growth. Language learning is increasingly emphasized in academic settings globally. Governments like the UK and China are promoting this trend. In the UK, there’s a focus on European languages due to Brexit’s impact on the country’s global standing. The rise in international student enrollments has intensified competition, with language exams like TOEFL and IELTS becoming crucial for admissions.
- The growing popularity of online microlearning is a major trend.
- Inadequate cybersecurity measures are significant challenges restricting growth.
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What are the key data covered in this Online Education Market report?
- CAGR during the forecast period
- Detailed information on factors that will drive the growth between 2023 and 2027
- Precise estimation of the size and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the Online Education industry across North America, APAC, Europe, South America, and the Middle East and Africa
- A thorough analysis of the competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of Online Education companies
Benefits of Online Education
Online Education offers various benefits, leveraging E-learning platforms, Online courses, and Virtual classrooms to deliver education remotely. MOOCs (Massive Open Online Courses) and EdTech (Educational Technology) enhance accessibility and engagement, while Distance learning and Digital textbooks provide flexibility and cost-effectiveness. Learning management systems (LMS) and Online degree programs streamline education delivery, and Webinars facilitate interactive learning experiences. Remote education and Online tutoring services cater to diverse learning needs, with Adaptive learning platforms and Synchronous/Asynchronous learning adapting to individual paces. Gamification in education and Microlearning enhance engagement and retention, while Blended learning combines online and in-person elements. Mobile learning offers on-the-go access, and Virtual reality (VR) and Augmented reality (AR) in education provide immersive experiences. Flipped classrooms and Competency-based education personalize learning paths, ensuring holistic, flexible, and interactive education experiences.
The digital English language learning market size is forecast to increase by USD 21.58 billion, at a CAGR of 17.87% between 2023 and 2028.
The Global Academic E-learning Market is estimated to grow by USD 147.89 billion at a CAGR of 17.5% between 2022 and 2027.
Five Forces Analysis
Segmentation by End-user
Segmentation by Type
Segmentation by Geography
Drivers, Challenges, & Trends
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging trends and provide actionable insights to help businesses identify opportunities and develop effective strategies to optimize their positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential areas and assess their competitive positions within changing scenarios.