Online Education Market Recorded 11.11% Annual Growth Rate in 2021 | Driven by the growing benefits of online learning

NEW YORK, July 6, 2022 /PRNewswire/ — The size of the global online education market is expected to increase by $121.85 billion from 2020 to 2025. However, the growth momentum is expected to slow to a CAGR of 9.24%. The key factor driving the growth of the online education market is the growth benefits of online learning. Due to the high cost and limited accessibility associated with traditional printed textbooks, educational institutions are increasingly focusing on online education. Providers also provide audio-visual content and simulation learning platforms, which can be customized to the school’s curriculum. The availability of various supporting solutions, such as Learning Management Solution (LMS) and Enterprise Resource Planning (ERP), as well as Augmented Reality (AR), Virtual Reality (VR), blended learning solutions and student assessment software, has again played a major role in increasing the demand for online education by various schools and universities.

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Online education market: major challenge

The major challenge affecting the growth of the e-learning and e-education market is cyber security. With the increasing digitization of education, threats related to information security, unwarranted access and privacy of student data have increased. The main reasons for the vulnerability of the education sector to cyberattacks include the availability of valuable user and organizational data, the lack of a centralized structure for data storage, and the unregulated use of personal digital devices. Top sources of cybersecurity threats to educational content include malicious viruses, such as WannaCry, via social media, system virtualization, and consumerization of IT. Hence, insufficient cybersecurity measures adopted by educational institutions and individual learners are expected to hamper the growth of the global online education market during the forecast period.

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Online Education Market: Segmentation Analysis

Product Outlook (Revenue, USD Billion, 2020-2025)

• primary and additional secondary education (PSSE) – enrollment and forecast 2020-2025

• retraining and online certifications (ROC) – size and forecast 2020-2025

• higher education – size and forecast 2020-2025

• test preparation – size and forecast 2020-2025

• language learning and casual (LCL) – size and forecast 2020-2025

Revenue-generating segment

• Growth in online education market share by primary and secondary segment of further education will be important for revenue generation.

• This segment includes online learning for students enrolled in primary and secondary grades. The online channel provides a conducive educational environment for students who are in favor of high quality individual learning.

• This segment is expected to experience strong growth due to factors such as increasing student interest in in-depth subject understanding and increased student awareness of the availability of such a mode of education, especially in developing countries. development.

Geographic Outlook (Revenue, USD Billion, 2020-2025)

• North America – size and forecast 2020-2025

• APAC – size and forecast 2020-2025

• Europe – size and forecast 2020-2025

• South America – size and forecast 2020-2025

Regional analysis:

• 34% of market growth will come from APAC during the forecast period.

• China is a key market for online education in Asia-Pacific. Market growth in Asia-Pacific will be faster than market growth in other regions.

• The presence of a large consumer base, increased awareness of online courses, growing internet penetration, adoption of smartphones, growing emphasis on technology by educational institutions, and supportive government initiatives will facilitate the growth of the online education market in APAC over the forecast period.

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Online Education Market: Vendor Analysis

The online education market is fragmented and vendors are deploying growth strategies such as conduct research and training programs to compete in the market.

• 2U inc.

• Ambow Education Holding Ltd.

• Coursera Inc.

• edX inc.

• iTutorGroup

• LinkedIn Corp.

• McGraw-Hill Education Inc.

• Pearson Plc

• Udacity Inc.

• Udemy Inc.

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Read the 120-page report with table of contents on “Online Education Market Analysis Report by Product (Primary and Further Secondary Education (PSSE), Online Retraining and Certifications (ROC), Higher Education, Preparation language and occasional (LCL))) and geographic (North AmericaACPA, Europe, South AmericaMEA, North AmericaACPA, Europe, South Americaand MEA), and Segment Forecast, 2021-2025″. Gain competitive insights on market leaders. Track key industry opportunities, trends, and threats. Insights on marketing, brand, strategy and market development, sales and supply functions. https://www.technavio.com/report/report/online-education-market-industry-analysis

Prepare for great business results with this exclusive Online education market Technavio report. The report will include highlights of the overall market, which includes frequently asked questions such as –

• What are the historical revenue figures and estimated revenue figures along with the CAGR during the forecast period?

• What is the current trend in the market?

• What are the business tactics that will influence the competitive scenarios while defining the growth potential of the market?

• What are the market drivers, restraints, and challenges impacting market demand and growth?

• Which regions and segments will generate massive revenue and emerge as market leaders in the coming years?

The competitive scenario predicted in the Online education market report analyzes, evaluates and positions companies based on various performance indicators. Some of the factors taken into account for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, market share growth, etc. your business goals with our Online Education Market Forecast Report – Buy now!

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Contents

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Type

6 Customer Landscape

7 Geographic landscape

8 drivers, challenges and trends

9 Supplier Landscape

10 Vendor Analysis

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