Global online education market
Global online education market
Dublin, 03 Feb. 2022 (GLOBE NEWSWIRE) — The “Online Education Market, Size, Global Forecast 2022-2027, Industry Trends, Share, Growth, Impact of COVID-19, Opportunity Business Analysis” report has been added to from ResearchAndMarkets.com offer.
This report provides a detailed analysis of the online education industry. The market will reach US$585.48 billion by 2027 from US$269.87 billion in 2021.
Over the years, the ubiquity of information technology has influenced almost every aspect of human life: the way we work, communicate with others, transform data into information, analyze and share information, entertain and enjoy tourism. Moreover, e-evolution or e-revolution has led to e-mail, e-commerce, e-government, and now has e-education. E-learning or online education is transforming the way we approach teaching and learning. The concept of e-learning is a technology-assisted learning approach of great educational potential, and it has been one of the main lines of research in educational technology over the past decades. According to the report, the global online education market will reach US$585.48 billion by 2027.
COVID-19 has transformed the global online education market
Recently, the digital transformation of educational systems at all levels has made it possible to integrate a new teaching-learning ecosystem called e-learning. Additionally, the COVID-19 pandemic has caused classroom closures around the world and forced one billion students and millions of educators to suddenly alter their face-to-face academic practices wherever possible. This situation has shown the strengths and weaknesses of education systems in the face of the challenge of digitization. Although the fast-spreading coronavirus has hit every business hard, the online education system has surprisingly shown lucrative growth opportunities amid the looming pandemic. The global online education industry is expected to grow with a double-digit CAGR of 13.8% between 2021 and 2027.
The academic as end-user holds a significant market share
Additionally, end users using online education delivery models such as higher education (higher education, vocational training, and K-12 education), business (large enterprises and SMEs), and government have witnessed rapid and transformational application for their end use. Recently, in the academic world, institutions such as higher education, vocational training and primary and secondary education have also adapted to online education, a dynamic educational landscape generating immense interest among researchers, educators, administrators, policy makers, publishers and businesses. According to the analysis, the academic as the end user holds a significant market share in the online education market, facilitating asynchronous and synchronous education delivery methods and access to discussion forums online, chat rooms and video conferencing.
The global online education market size was valued at US$269.87 billion in 2021
Over the years, information and communication technologies have continued to progress. Therefore, online education has become more technologically, economically and operationally feasible. By Technology, the publisher covered the market for online e-learning, learning management systems (LMS), mobile e-learning, rapid e-learning and classroom Virtual. Additionally, incentives for universities to offer online programs like financial restraints and rewards, increasing number of non-traditional students working full-time, and advanced state of technology facilitate implementation.
Asia-Pacific and North America have the promising market for online education
We have segmented the global online education industry into North America, Europe, Asia-Pacific, South America, Middle East and Africa. According to the analysis, Asia-Pacific and North America occupy the top two spots in the market. Asia-Pacific, a developing region, takes advantage of the latest advancements such as the hybrid model, new and unique topics, gamification, peer-to-peer learning and profile mapping.
Key drivers of online education in Asia-Pacific include phenomenal growth in internet and smartphone penetration; digital-friendly government policies; and increasing demand for continuing education from working professionals and job seekers. Additionally, the development of online education enrollment in the North American region has been increasing year on year, regardless of an expanding or contracting economy and the rise or fall of overall college enrollment. . Also, the continued growth of online programs in countries like Canada and the United States, especially for education, seems to be on the horizon in the expected years.
The major key companies studied in the report are Coursera, Instructure Inc., Byju’s, Adobe Inc. and Alphabet Inc. These companies deliberately focus on developing innovative learning and education solutions that help gain a competitive position on the world market. Additionally, the focus on inorganic growth strategies such as strategic collaborations and M&A activities with technology partners is further expected to expand their solutions and enable them to remain competitive in the global education market by line. For example, in July 2021, BYJU’S acquired US-based children’s learning platform Epic in a US$500 million cash and stock deal.
Main topics covered:
2. Research and methodology
3. Executive Summary
4. Market dynamics
4.1 Drivers of growth
5. Global Online Education Market
6. Market Share – Global Online Education Analysis
6.1 By type of user
6.2 By Provider
6.3 By technology
6.4 By region
7. User Type – Global Online Education Market
7.1.1 Higher education
7.1.2 Vocational training
7.1.3 K-12 education
7.2.1 Large companies
8. Supplier – Global Online Education Market
9. Technology – Global Online Education Market
9.1 Online learning
9.2 Learning Management System (LMS)
9.3 Mobile e-learning
9.4 Rapid Online Learning
9.5 Virtual classroom
10. Region – Global Online Education Market
10.1 North America
10.1.1 United States
10.2.1 United Kingdom
10.3.4 South Korea
10.4 South America
10.4.5 Rest of South America
10.5 Middle East and Africa
11. Carriers five forces
12. Main players
12.1.2 Recent Development
12.2 Structure Inc.,
12.2.2 Recent Development
12.3.2 Recent Development
12.4 Adobe Inc.
12.4.2 Recent Development
12.5 Alphabet Inc.
12.5.2 Recent Development
For more information on this report, visit https://www.researchandmarkets.com/r/ns1hv9
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900