Online Education Market Size is projected to reach USD 198.9 Billion by 2030, growing at a CAGR of 23.12%: Straits Research
The global online education market size was valued at USD 30.60 billion in 2021. It is expected to reach USD 198.9 billion by 2030, growing at a CAGR of 23.12% during the forecast period (2022–2030). North America will dominate the global online education market during the forecast period.
New York, United States, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Online education imparts knowledge to students via electronic means, such as videos, audio, e-books, AR/VR, or any other electronic means. Online education provides students with numerous advantages, including a low cost of education and specialized course learning. Moreover, e-learning has become integral to most organizations because it improves employee performance.
The rise in remote learning during the pandemic and demand for low-cost, convenient learning systems contribute positively to market expansion. In addition, the increasing use of AI and machine learning in e-learning systems contributes to the market's global development. However, factors such as the absence of face-to-face interactions in e-learning systems and the requirement for greater self-motivation restrain the expansion of the e-learning market. It is anticipated that several emerging trends, including microlearning, gamification, and adaptive learning, will present lucrative opportunities for the market's expansion.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/online-education-market/request-sample
Internet Adoption and Growing Demand for Online Learning Drives the Global Market
Internet penetration has exploded as technology and infrastructure have developed worldwide, allowing individuals and businesses to reach new heights. The education industry has outgrown other sectors in the digital disruption by offering distance learning courses to all ages. Many students use online education technologies to fulfill their educational needs without leaving their homes, offices, or cities, which are cost-effective and a great online tool contributing to the growth of the online education market.
Development of skills and increased employment opportunities are the primary forces behind expanding the market for online education. Students emphasize developing their skills to advance their careers and add depth to their knowledge. As a result, it is anticipated that the growth of the online education market will be fueled by the increased adoption of skill development through online certifications on digitized platforms, particularly in tier 1 cities.
Integrating Artificial Intelligence and Machine Learning in Online Education Creates Tremendous Opportunities
AI and machine learning have increased on e-learning platforms because they allow for the customization of content based on each student's prior knowledge. AI and ML can quickly analyze large amounts of data and identify patterns and trends to optimize and improve learning experiences. It simplifies, accelerates, and increases course adaptability without sacrificing quality. Automatic translation and localization have improved eLearning development. Multilingual content can be developed for multinational corporations with branches in various nations or the increasingly common occurrence of multinational corporations working with remote teams who speak different languages.
Report Scope
Report Metric | Details |
Market Size | USD 198.9 billion by 2030 |
CAGR | 23.12% (2022-2030) |
Historical Data | 2019-2020 |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Forecast Units | Value (USD Billion ) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Component Type, Product Type, End-Users and Region |
Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
Key Companies Profiled/Vendors | Lynda.com (US), Tata interactive systems (India), Mcgraw-hill education (US), Blackboard inc. (US), Aptara inc. (US), Powerschool group LLC (US), K12 inc. (US), Udacity, inc. (US), Cisco Systems, inc. (US), Skills2learn ltd. (UK), City & guilds group (UK), Citrix education inc. (US), Centerpoint systems inc. (US), Docebo (Canada), Adobe systems inc. (US), Articulate Global, inc. (US), Cornerstone on demand, inc. (US), |
Key Market Opportunities | Growth in the Use of Artificial Intelligence and Machine Learning to Boost Market Opportunities |
Key Market Drivers | Growing Internet Penetration to Boost Market Progress |
Buy Now Full Report @ https://straitsresearch.com/buy-now/online-education-market
Regional Analysis
North America will dominate the global online education market during the forecast period. The main reason is the presence of a well-established infrastructure and a highly skilled labor force.
Asia-Pacific will emerge as the second dominating region in the global online education market during the forecast period. The factors responsible for the growth of the Asian-Pacific market will be the increasing usage of the internet and the rising adoption of smartphones.
Key Highlights
The global online education market size was valued at USD 30.60 billion in 2021. It is expected to reach USD 198.9 billion by 2030, growing at a CAGR of 23.12% during the forecast period (2022–2030).
Growing Internet Penetration to Boost Market Progress
Low Income and Internet Accessibility to Restrict Market Growth
Growth in the Use of Artificial Intelligence and Machine Learning to Boost Market Opportunities
North America will dominate the global online education market during the forecast period. The main reason is the presence of a well-established infrastructure and a highly skilled labor force.
Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/online-education-market/request-sample
The global online education market’s major key players are
Lynda.com (US)
Tata interactive systems (India)
Mcgraw-hill education (US)
Blackboard inc. (US)
Aptara inc. (US)
Powerschool group LLC (US)
K12 inc. (US)
Udacity, inc. (US)
Cisco Systems, inc. (US)
Skills2learn ltd. (UK)
City & guilds group (UK)
Citrix education inc. (US)
Centerpoint systems inc. (US)
Docebo (Canada)
Adobe systems inc. (US)
Articulate Global, inc. (US)
Cornerstone on demand, inc. (US)
Learning pool (UK)
Microsoft Corporation (US)
Sap Se (Germany)
Adobe systems inc. (US)
Saba Software (US)
Oracle Corporation (US)
KallidUS ltd. (UK)
Edmodo (US)
Global Online Education Market: Segmentation
By Component Type
Hardware
Software
By Product Type
Content
services
Based on learning
Synchronous
Asynchronous.
By End-Users
K-12
Higher education
Industry and professionals
By Regions
North America
Asia-Pacific
Europe
TABLE OF CONTENT
Introduction
Market Definition
Market Scope
Research Methodology
Primary Research
Research Methodology
Assumptions & Exclusions
Secondary Data Sources
Market Overview
Report Segmentation & Scope
Value Chain Analysis: Online Education Market
Key Market Trends
Drivers
Restraints
Opportunities
Porter’s Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat of Substitution
Threat of New Entrants
Competitive Rivalry
Market Share Analysis
Component Type Overview
Introduction
Market Size & Forecast
Hardware
Market Size & Forecast
Software
Market Size & Forecast
Product Type Overview
Introduction
Market Size & Forecast
Content
Market Size & Forecast
Services
Market Size & Forecast
Regional Overview
Introduction
Market Size & Forecast
America
North America
U.S.
By Component Type
By Product Type
Canada
By Component Type
By Product Type
Mexico
By Component Type
By Product Type
Latin America
By Component Type
By Product Type
Europe
Market Size & Forecast
Germany
By Component Type
By Product Type
France
By Component Type
By Product Type
U.K.
By Component Type
By Product Type
Italy
By Component Type
By Product Type
Spain
By Component Type
By Product Type
Rest of Europe
By Component Type
By Product Type
Asia Pacific
Market Size & Forecast
Japan
By Component Type
By Product Type
China
By Component Type
By Product Type
Australia
By Component Type
By Product Type
India
By Component Type
By Product Type
South Korea
By Component Type
By Product Type
Rest of Asia-Pacific
By Component Type
By Product Type
Middle East & Africa
Market Size & Forecast
Saudi Arabia
By Component Type
By Product Type
South Africa
By Component Type
By Product Type
Kuwait
By Component Type
By Product Type
Rest of Middle East & Africa
By Component Type
By Product Type
Company Profile
Lynda.com
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Tata interactive Systems
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Mcgraw-hill education
Company Overview
Financial Performance
Recent Developments
Product Portfolio
Conclusion & Recommendation
Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/online-education-market/toc
Market News
May 2022- Class Reached Definitive Agreement to Acquire Anthology's Blackboard Collaborate. Anthology, a provider of education solutions that support the entire learner lifecycle, and Class Technologies Inc., a leader in the synchronous virtual classroom space, have announced that they have signed a definitive agreement for Class to acquire Anthology's Blackboard Collaborate virtual classroom tool.
News Media
This is Why Online Education is Better Than the Offline Model
Have a Look at the Related Research Report
Interactive Whiteboard Market: Information by Technology (Resistive, Capacitive), End User (Education, Corporate), and Region — Forecast till 2030
Virtual Meeting Software Market: Information by Component (Solution and Service), Deployment Model (On-Premise and Cloud), Industry Vertical (BFSI, Education), and Region — Forecast till 2030
Technical Support Outsourcing Market: Information by Service (Customer Acquisition, Call Centre Services), Industry (Education, BFSI), and Region — Forecast till 2030
About Straits Research Pvt. Ltd.
StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.
Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
For more information on your target market, please contact us below:
Phone: +1 646 480 7505 (the U.S.)
+91 8087085354 (APAC)
+44 208 068 9665 (the U.K.)
Email: sales@straitsresearch.com
Follow Us: LinkedIn | Facebook | Instagram | Twitter