The Online Education Market research report highlights key findings in the area of ​​vendor landscape, key market segments, regions, and latest trends and drivers


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Supplier Landscape

The market structure is expected to remain fragmented over the forecast period. The report also offers information on several market vendors including 2U Inc., Ambow Education Holding Ltd., Coursera Inc., edX Inc., iTutorGroup, LinkedIn Corp., McGraw-Hill Education Inc., Pearson Plc, Udacity Inc. and Udemy Inc. among others.

Vendors are deploying growth strategies such as product/service extensions, technological innovations, and mergers and acquisitions to compete in the market.

2U Inc. – In May 20192U Inc. announced the acquisition of Trilogy Education Services Inc., a workforce accelerator that prepares adult learners for high-growth careers in the digital economy.

See more on the highlights of the market vendor landscape with a comprehensive list of vendors and their offerings.

Key market segmentation

  • Segmentation by type:
    • Additional primary and secondary education:
      • The vendors in the Online Education market are expected to focus on capturing the business opportunities from the PSSE segment as it accounted for the largest market share during the reporting year.
      • This segment is expected to witness strong growth due to factors such as increasing interest of students in detailed understanding of subjects and increased awareness among students about the availability of such mode of education, especially in developing countries. .
    • Online requalifications and certifications
    • Higher Education
    • Preparing for the test
    • Language and occasional learning

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Regional Market Outlook

APAC will register the highest growth rate of 34.41% among other regions. Hence, the online education market in APAC region is expected to generate significant business opportunities for the vendors 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, smartphone adoption, growing emphasis on technology by educational institutions, and supportive government initiatives will facilitate the growth of the online education market in the APAC region over the forecast period.

Download our FREE sample report for more key highlights on the regional market share of most of the countries mentioned above.

Latest trends driving the global online education market

  • Online Education Market Driver:
    • Growing Benefits of Online Learning:

E-learning is in demand due to the high cost and limited accessibility associated with traditional printed textbooks. Additionally, the availability of various support 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 further played a major role in increasing the demand for online education by various schools and universities.

  • Online Education Market Trend:
    • Growing Popularity of Educational Apps:

Institutions in the higher education segment use technologies such as augmented reality and virtual reality for activities such as assessments, educational content distribution, and schedule sharing. This helps especially students of medical sciences and engineering, which require extensive hands-on learning. Additionally, educational apps are also seeing significant traction in various learning experiences, such as teaching children with disabilities. These factors will have a positive impact on the growth of the market.

Find additional information on various other market drivers and trends mentioned in our Sample FREE Report.

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Scope of the online education market

Report cover

Details

Page number

120

base year

2019

Forecast period

2020-2024

Growth momentum and CAGR

Accelerate at a CAGR of 18%

Market Growth 2020-2024

$247.46 billion

Market structure

Fragmented

Annual growth (%)

17.59

Regional analysis

North America, APAC, Europe, South America and MEA

Successful market contribution

APAC at 34%

Main consumer countries

United States, China, Germany, United Kingdom, France and Canada

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

2U Inc., Ambow Education Holding Ltd., Coursera Inc., edX Inc., iTutorGroup, LinkedIn Corp., McGraw-Hill Education Inc., Pearson Plc, Udacity Inc. and Udemy Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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