Over the years, the ubiquity of information technology has been influencing almost all aspects of human lives: the way we work, communicate with others, process data into information, analyse and share information, entertain ourselves, and enjoy tourism. Further, the e-evolution or e-revolution led to e-mails, 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-mediated learning approach of great potential from the educational perspective, and it has been one of the leading research lines of Educational Technology in the last decades. As per the report, the Global Online Education Market will reach US$ 585.48 Billion by 2027.
Recently, the digital transformation of education systems at all levels has allowed incorporating a new teaching-learning ecosystem called e-learning. Further, the COVID-19 pandemic caused the closing of classrooms worldwide and forced a billion students and millions of educators to modify their face-to-face academic practices wherever possible suddenly. This situation showed the strengths and weaknesses of education systems facing the challenge of digitalization. Although the rapidly spreading coronavirus harshly affected all businesses, the online education system surprisingly showed lucrative growth opportunities amid the threatening pandemic. Worldwide Online Education Industry is expected to grow with a double-digit CAGR of 13.8% during 2021 -2027.
In addition, the end-users using the online education delivery models like Academic (Higher Education, Vocational Training and K-12 Education), Corporate (Large Enterprises and SMBs) and Government have witnessed rapid and transformational application for their end-use. Recently, in academics, the institutions like Higher Education, Vocational Training and K-12 Education worldwide have also adapted to online education, a dynamic education landscape generating immense interest among researchers, educators, administrators, policymakers, publishers, and businesses. As per the analysis, academic as end-user holds a significant market share in the online education market, facilitating asynchronous and synchronous education delivery methods and access to online discussion boards, chat rooms, and video conferencing.
Over the years, information and communication technologies have kept advancing. Hence, online education has become more feasible technologically, economically, and operationally. By Technology, the publisher has covered the market for Online e-learning, Learning Management systems (LMS), Mobile e-learning, Rapid e-learning and Virtual classroom. Further, the incentives to universities to offer online programs like financial constraints and rewards, increase in non-traditional students working full time, and the advanced state of Technology make it easy to implement.
We have segmented the Global Online Education Industry based on North America, Europe, Asia-Pacific's, South America and Middle East & Africa. As per the analysis, Asia-Pacific and North America hold the top two positions in the market. Asia-Pacific, a developing region, leverages the latest advancements such as the hybrid model, new and unique subjects, gamification, peer-to-peer learning, and profile mapping.
The significant drivers for online education in Asia-Pacific include phenomenal growth in Internet and smartphone penetration; digital-friendly government policies; and escalating demand by working professionals and job-seekers for continuing education Further, the development of online education enrolments in the North American region has increased year on year irrespective of an expanding or shrinking economy and rising or declining overall college enrolments. Besides, the continued growth of online programs in countries like Canada and the United States, especially for education, seems to be on the horizon during the forecasted years.
The primary key companies studied in the report include Coursera, Instructure Inc., Byju's, Adobe Inc. and Alphabet Inc. These companies deliberately focus on developing innovative learning & education solutions that help gain a competitive position in the global market. Moreover, emphasis on inorganic growth strategies such as strategic collaborations and mergers & acquisition activities with technology partners is further expected to expand their solutions and enable them to remain competitive in the online education market worldwide. For instance, in July 2021, BYJU'S acquired the U.S.-based kids learning platform Epic in a US$ 500 Million cash-and-stock deal.
This latest report “Online Education Market, Global Forecast By User Type (Academic (Higher Education, Vocational Training, K-12 Education and Others), Corporate (Large Enterprise and SMBs and Government), Provider (Services and Content), Technology (Online e-learning, Learning Management System (LMS), Mobile e-learning, Rapid e-learning, Virtual classroom and Others), Region (North America (United States and Canada), Europe (United Kingdom, Germany, France, Italy, Spain and Russia), Asia-Pacific (China, India, Japan, South Korea, Singapore and Australia), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Middle East & Africa), Companies (Coursera, Instructure Inc., Byju's, Adobe Inc. and Alphabet Inc)” provides a detailed analysis of Online Education Industry.
1. Academic
2. Corporate
3. Government
1. Services
2. Content
1. Online e-learning
2. Learning Management System (LMS)
3. Mobile e-learning
4. Rapid e-learning
5. Virtual classroom
6. Others
1. North America
2. Europe
3. Asia-Pacific
4. South America
5. Middle East & Africa
1. Coursera
2. Instructure Inc.,
3. Byju's
4. Adobe Inc.
5. Alphabet Inc
COVID-19 Transformed the Global Online Education Market:
Recently, the digital transformation of education systems at all levels has allowed incorporating a new teaching-learning ecosystem called e-learning. Further, the COVID-19 pandemic caused the closing of classrooms worldwide and forced a billion students and millions of educators to modify their face-to-face academic practices wherever possible suddenly. This situation showed the strengths and weaknesses of education systems facing the challenge of digitalization. Although the rapidly spreading coronavirus harshly affected all businesses, the online education system surprisingly showed lucrative growth opportunities amid the threatening pandemic. Worldwide Online Education Industry is expected to grow with a double-digit CAGR of 13.8% during 2021 -2027.
Future Trends expected to recur in the Global Online Education Market:
- Gamification concepts to enhance user engagement.
- Players in the e-learning space to adopt a hybrid channel approach.
- Online education will unfold the concept of connected learning.
- Business model evolving in line with shifting customer requirements.
- Technological variations in the supply and demand ecosystem.
Academic as End User Holds Major Market Share:
In addition, the end-users using the online education delivery models like Academic (Higher Education, Vocational Training and K-12 Education), Corporate (Large Enterprises and SMBs) and Government have witnessed rapid and transformational application for their end-use. Recently, in academics, the institutions like Higher Education, Vocational Training and K-12 Education worldwide have also adapted to online education, a dynamic education landscape generating immense interest among researchers, educators, administrators, policymakers, publishers, and businesses. As per the analysis, academic as end-user holds a significant market share in the online education market, facilitating asynchronous and synchronous education delivery methods and access to online discussion boards, chat rooms, and video conferencing.
Global Online Education Market Size was valued at US$ 269.87 Billion in the year 2021
Over the years, information and communication technologies have kept advancing. Hence, online education has become more feasible technologically, economically, and operationally. By Technology, the publisher has covered the market for Online e-learning, Learning Management systems (LMS), Mobile e-learning, Rapid e-learning and Virtual classroom. Further, the incentives to universities to offer online programs like financial constraints and rewards, increase in non-traditional students working full time, and the advanced state of Technology make it easy to implement.
Asia-Pacific and North America have the promising Online Education Market:
We have segmented the Global Online Education Industry based on North America, Europe, Asia-Pacific's, South America and Middle East & Africa. As per the analysis, Asia-Pacific and North America hold the top two positions in the market. Asia-Pacific, a developing region, leverages the latest advancements such as the hybrid model, new and unique subjects, gamification, peer-to-peer learning, and profile mapping.
The significant drivers for online education in Asia-Pacific include phenomenal growth in Internet and smartphone penetration; digital-friendly government policies; and escalating demand by working professionals and job-seekers for continuing education Further, the development of online education enrolments in the North American region has increased year on year irrespective of an expanding or shrinking economy and rising or declining overall college enrolments. Besides, the continued growth of online programs in countries like Canada and the United States, especially for education, seems to be on the horizon during the forecasted years.
Key Companies:
The primary key companies studied in the report include Coursera, Instructure Inc., Byju's, Adobe Inc. and Alphabet Inc. These companies deliberately focus on developing innovative learning & education solutions that help gain a competitive position in the global market. Moreover, emphasis on inorganic growth strategies such as strategic collaborations and mergers & acquisition activities with technology partners is further expected to expand their solutions and enable them to remain competitive in the online education market worldwide. For instance, in July 2021, BYJU'S acquired the U.S.-based kids learning platform Epic in a US$ 500 Million cash-and-stock deal.
This latest report “Online Education Market, Global Forecast By User Type (Academic (Higher Education, Vocational Training, K-12 Education and Others), Corporate (Large Enterprise and SMBs and Government), Provider (Services and Content), Technology (Online e-learning, Learning Management System (LMS), Mobile e-learning, Rapid e-learning, Virtual classroom and Others), Region (North America (United States and Canada), Europe (United Kingdom, Germany, France, Italy, Spain and Russia), Asia-Pacific (China, India, Japan, South Korea, Singapore and Australia), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Middle East & Africa), Companies (Coursera, Instructure Inc., Byju's, Adobe Inc. and Alphabet Inc)” provides a detailed analysis of Online Education Industry.
User Type Global Online Education Market:
1. Academic
- Higher Education
- Vocational Training
- K-12 Education
- Others
2. Corporate
- Large Enterprises
- SMBs
3. Government
Provider - Global Online Education Market has been done 2 viewpoints:
1. Services
2. Content
Technology - Global Online Education Market has been done 6 viewpoints:
1. Online e-learning
2. Learning Management System (LMS)
3. Mobile e-learning
4. Rapid e-learning
5. Virtual classroom
6. Others
Region - Global Online Education Market has been done 5 viewpoints:
1. North America
- United States
- Canada
2. Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Russia
3. Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Australia
4. South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
5. Middle East & Africa
Company Insights:
- Overview
- Recent Development
- Revenue
Company Analysis
1. Coursera
2. Instructure Inc.,
3. Byju's
4. Adobe Inc.
5. Alphabet Inc
Table of Contents
1. Introduction2. Research& Methodology3. Executive Summary5. Global Online Education Market
4. Market Dynamics
6. Market Share - Global Online Education Analysis
7. User Type - Global Online Education Market
8. Provider - Global Online Education Market
9. Technology - Global Online Education Market
10. Region - Global Online Education Market
11. Porters Five Forces
12. Key Players
List of Figures:
List of Tables:
Companies Mentioned
- Coursera
- Instructure Inc.,
- Byju's
- Adobe Inc.
- Alphabet Inc
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 132 |
| Published | January 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 269.87 Billion |
| Forecasted Market Value ( USD | $ 585.48 Billion |
| Compound Annual Growth Rate | 13.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
