Global Online Education Market $ 247 Billion Growth 2020-2024 | Overview of major vendors’ offerings and forecasts of the new normal


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The online education market will experience a positive impact during the forecast period due to the widespread growth of the COVID-19 pandemic. According to Technavio’s market research focused on pandemic, the market growth increases in 2020 compared to 2019.

With the continued spread of the novel coronavirus pandemic, organizations around the world are gradually flattening their recession curves by taking advantage of technology. Many businesses will go through phases of response, recovery and renewal. Building business resilience and agility will help organizations move forward from the COVID-19 crisis to the next normal.

This post-pandemic business planning research will help customers:

  • Adjust their strategic planning to move forward once the stability of the company is in place.
  • Build resilience by make efficient resource and investment choices for individual business units, products and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Download the post-pandemic planning structure

Key considerations for market forecast:

  • Impact of bottlenecks, supply chain disruptions, destruction of demand and changing customer behavior
  • Optimistic, probable and pessimistic scenarios for all markets as the impact of the pandemic unfolds
  • Market estimates before and after COVID-19
  • Quarterly impact analysis and update of market estimates

Related report on consumer discretionary:

Global Online Tutoring Market – The global online tutoring market is segmented by courses (STEM, language courses and other courses) and by geography (APAC, Europe, MEA, North America, and South America). Get an exclusive free sample report

Global smart education market – The global smart education market is segmented by product (content, software and hardware), end users (higher education and K-12 schools) and geography (APAC, Europe, MEA, North America, and South America). Get an exclusive free sample report

The three main players in the online education market:

2U inc.

2U Inc. operates its business through the graduate programs segment and the alternative credentials segment. The company offers a range of low-cost tools to help students better engage in online learning.

Ambow Education Holding Ltd.
Ambow Education Holding Ltd. operates through segments such as Better Schools, Better Jobs and others. The company offers a range of school education related courses, tutoring services, international education programs and online education offerings through its K-12 Education business segment.

Coursera Inc.
Coursera Inc. operates through segments such as For Campus, For Government and For Enterprise. The company offers online courses including free courses and college degrees at a great price.

If you purchase an updated report within the next 60 days, we’ll send you the new edition and the data extract for FREE! Get an overview of the report here to get a detailed analysis of the market share of market players during the COVID-19 lockdown:

https://www.technavio.com/report/online-education-market-industry-analysis

Online Education Market 2020-2024: Segmentation

The online education market is segmented as follows:

  • Type
    • Higher Education
    • Preparing for the test
    • Language and occasional learning
    • Prim & Sec Edu Supplement.
    • Online upgrades and certifications
  • Geography
    • North America
    • APAC
    • Europe
    • South America
    • AEM

The online education market is driven by the growing benefits of online learning. Additionally, other factors such as rapid penetration of internet enabled devices are expected to trigger the online education market towards a CAGR of over 18% during the forecast period.

Get more information on global trends impacting the future of the online education market, request a free sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43516

Market factors
Market challenges
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Supplier landscape

  • Covered suppliers
  • Supplier ranking
  • Positioning of sellers in the market
  • Competitive scenario

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