Online Education market: Size & Trends Shows a Rapid Growth by 2025

 

Online education market has significant growth scope and is expected to reach USD 325 billion by 2025. The reports forecast the market by technology type, product type, application, and region. It highlights COVID-19 impact on the global online education industry.

 

Description 

Online Education Market: by Technology Type (Certificate and Degree), by Application (K-12, Higher Education, Corporate, Government, and Others), and Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

 

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The online education market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating in the global market. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the online education industry.

 

Online Education Market Introduction

 Online education is a knowledge-sharing platform that offers its user a range of developmental opportunities for the user who is willing to enroll in a subject. It is a process of acquiring knowledge through electronic technologies and resources. It relies on the internet and the distribution of course material between students and teachers. An increase in the number of internet consumers has raised the demand for sophisticated online education courses. As per the Office for National Statistics, almost all adults in the age group of 16 to 44 years in the UK were current internet consumers (99%) in 2019. The accessibility of improved network connectivity coupled with the convenience provider by on-demand courses, will boost the market size. 

 

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Online Education Market Dynamics

The rising volume of course content makes it onerous for the education industry to handle and store such a huge amount of data in their libraries; online education enables these verticals to store and handle their educational courses in websites or applications. Therefore, the rising access to these educational courses across increasing budget-friendly e-learning websites is one of the major factors driving the growth of the online education market across the globe. Moreover, the rising adoption of the cloud-based platform in online education offers these verticals pliability in the content storage, availability, and processing, which, in turn, is offering growth to the market. However, the accessibility of ample free content restricts the growth of the global online education market over the forecast period.

 

Moreover, the COVID-19 pandemic has led to a temporary shutdown of corporates, and educational institutes, restricting public gatherings and maintaining social distancing to stop the virus's spread. This is positively affected the market, with a growing number of companies switching to a virtual learning experience. According to the United Nations, around 22 countries on three continents have closed schools due to the rapid spread of the COVID-19. UNESCO has referred to some of the e-learning platforms on its website to assist teachers, schools, and parents in facilitating student learning during school closure periods.

 

Online Education Market: Competitive Landscape 

 The leading manufacturers of online education globally include Lynda.Com, Pearson PLC, McGraw-Hill Education, Blackboard Inc., and Aprata Inc.

 Other online education manufacturers 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 Innovatins Pvt., Ltd.

 

·         In July 2018, Docebo entered into a partnership with Knowzies Technology Solutions, which can help the company diversify its product portfolio and offer e-learning solutions across the world.

·         In March 2020, Oracle Corporation provided more than 50 hrs. Of online training and six certification exams on Oracle Cloud Infrastructure and Oracle Autonomous Database.

 

The online education market report provides a thorough analysis of macro-economic factors along with the market attractiveness of every segment. The report will include an in-depth qualitative and quantitative assessment of segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs from industry participants and industry experts across the value chain.

 

The online education market report covers comprehensive analysis on:

 

·         Market Dynamics

·         Market Segmentation

·         Regional Analysis

·         Market Size in Value 

·         Pricing Analysis

·         Market Factor Analysis

·         Market Trends

·         Regulatory Landscape

·         Competition Landscape

·         Company Profiles

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