Online education market: By Technology Type (Certificate & Diploma), By Application (K-12, Higher Education, Business, Government & Others) & Region – Global Industry Sizing, Growth, Trend, Opportunity & Forecast (2020-2025)
The Online Education Market report covers an in-depth analysis of the market dynamics, business models, segmental / regional analysis, and respective market shares and strategies adopted by the major market players operating in the global market. It involves in-depth analysis of factors influencing the global market and market statistics indicating market share / growth analysis by region and segment. The study of the report will present one of the most comprehensive analysis of the market, capturing all aspects of the online education industry.
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Introduction to the online education market
Online education is a knowledge sharing platform that offers its user a range of development opportunities for the user who wishes to enroll in a subject. It is a process of acquiring knowledge through technology and electronic resources. It relies on the Internet and the distribution of course materials between students and teachers. An increase in the number of Internet consumers has increased the demand for sophisticated online education courses. According to the Office for National Statistics, almost all adults aged 16 to 44 in the UK were current internet consumers (99%) in 2019. The accessibility of improved network connectivity coupled with the convenience provider by on-demand price, will increase the size of the market.
Dynamics of the online education market
The increasing volume of course content makes it expensive for the education sector to manage and store such a large amount of data in their libraries; Online training allows these verticals to store and manage their training courses on websites or applications. Hence, the increasing access to these educational courses on increasingly affordable e-learning websites is one of the major factors in the growth of the online education market across the world. In addition, the growing adoption of the cloud-based platform in online education offers these verticals flexibility in the storage, availability and processing of content, which in turn offers a growth to the market. However, the accessibility of vast free content restricts the growth of the global online education market during the forecast period.
Additionally, the COVID-19 pandemic has resulted in the temporary closure of businesses and educational institutions, limiting public gatherings and maintaining social distancing to stop the spread of the virus. This is having a positive impact on the market, with an increasing number of companies switching to a virtual learning experience. According to the United Nations, about 22 countries on three continents have closed schools due to the rapid spread of COVID-19. UNESCO has referenced some of the e-learning platforms on its website to help teachers, schools and parents facilitate student learning during times when schools are closed.
Online Education Market: Scope of the Report
The report describes the online education market research on the basis of technology type, product type, and application.
On the basis of type, the online education market is segmented into-
On the basis of applications, the online education market is segmented into-
- Higher Education
- Others (Personal development)
Online Education Market by Type, 2018-2025 (USD Million)
Source: Statsville Market 2020
Online education market: regional perspectives
From a geographic perspective, the online education market is segmented into North America, Asia-Pacific, Europe, South America, and Middle East & Africa (MEA). North America accounts for the largest share of the global online education market and is expected to maintain its dominance during the forecast period. This growth is attributed to the rapid adoption of technologies by many US-based companies to provide effective training for their workforce. The verticals in the region are effectively engaged in improving their employee training programs, which would improve employee productivity. These factors are driving the demand for online education in the region.
Online education market growth by region, 2020-2025
Source: MSG analysis, 2020
After North America, Asia-Pacific is expected to forecast a significant growth rate of the online education market during the forecast period. The high penetration of the Internet and the growing number of companies establishing themselves in emerging economies, such as China and India, are few factors driving the demand for e-learning or e-education in the region. In addition, governments are taking the initiative to support e-learning, and the increasing digitization will influence the market growth in the region during the forecast period.
Online education market: competitive landscape
The world’s leading manufacturers of online education are Lynda.Com, Pearson PLC, McGraw-Hill Education, Blackboard Inc. and Aprata Inc.
Other manufacturers of online education include Adobe Systems Inc., Docebo, Classteacher Learning Systems, Tata Interactive Systems, Udacity Inc., Edmodo, K12 Inc., PowerSchool Group LLC, Cisco, NIIT, Allen Interactions Inc., Alibaba Group ( DingTalk), Alison, BYJU’S, Chegg Inc., Club Z! Inc., Coursera Inc., TAL Education Group, Tencent (Yuanfudao), Varsity Tutors LLC and Vedantu Innovations Pvt., Ltd.
- In July 2018, Docebo entered into a partnership with Knowzies Technology Solutions, which can help the company diversify its product portfolio and deliver e-learning solutions around the world.
- As of March 2020, Oracle Corporation has contributed over 50 hours. Online training and six certification exams on Oracle Cloud Infrastructure and Oracle Autonomous Database.
The online education market report provides the in-depth analysis of the macroeconomic factors as well as the market attractiveness of each segment. The report will comprise an in-depth qualitative and quantitative assessment of the segmental / regional outlook with the presence of market players in the segment and the respective region / country. The information concluded in the report includes contributions from industry participants and industry experts along the value chain.
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Online Education Market Report Covers Comprehensive Analysis on:
- Market dynamics
- Market segmentation
- Regional analysis
- Market size in value
- Price Analysis
- Analysis of market factors
- Market trends
- Regulatory landscape
- Competition landscape
- Company Profiles
The regional analysis includes:
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, rest of Asia-Pacific)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)
Online education market: target audience
- Online education application developers
- Research institutions and universities
- Specialized publications and magazines
- Government authorities, associations and organizations
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