The Global Online Education Market is forecasted to grow at a compound annual growth rate (CAGR) of 11.67% from 2024 to 2032, potentially reaching approximately US$ 788.05 billion by 2032.
Online education providers have a unique opportunity to form B2B partnerships with organizations to train their employees and attract new talent. These providers can quickly adjust their curricula and have experience serving adult students looking to advance their careers, making them attractive partners for businesses. The demand for online education is massive due to increased competition among online degree providers and investments in the education sector. The need for better education quality and experience has also contributed to this demand. The proliferation of online education enterprises and increased venture capital funding has disrupted the market. Finally, online education is evolving rapidly, with Virtual and Augmented Reality for learners and AI and machine learning for the back end.
The COVID-19 pandemic accelerated ed-tech adoption as schools and colleges shifted to online learning. Post-pandemic, edtech is poised to play a significant role in U.S. education. In 2023, many higher education courses remain partially online, and K-12 schools access an average of over 2,500 ed-tech tools per district, a substantial increase from previous years.
1. Academic Partnerships acquired Wiley's online education business for US$ 150 Million in December 2023, causing a shake-up in the online program management market.
2. In December 2023, Curriculum Associates acquired SoapBox Labs, an AI speech recognition company.
3. ACI Learning acquired Infosec Learning in December 2023. Infosec Learning provides virtual labs and cyber ranges for hands-on, personalized learning and skill assessment to colleges, universities, businesses, and governments.
4. In December 2023, ParentSquare acquired Remind. ParentSquare is a company that creates a tool for engaging school families and communities, while Remind provides a secure communication platform for schools.
5. In Dec 2023, Allen Career Institute bought Doubtnut, a learning app that solves math and science problems by taking photos, for US$ 10 Million. Doubtnut had raised over US$ 52 Million and was valued at almost US$ 150 Million.
6. Nov 2023, Byju is in talks to sell its US-based digital reading platform, Epic, for US$ 400 Million in November 2023.
7. Enrollify, a higher education marketing professional development program, was acquired by Element451, a student engagement platform, in November 2023.
8. DaySmart acquired Sawyer in November 2023.
9. In Oct 2023, Canvas and MasteryConnect acquired Parchment for US$ 835 Million.
10. In Oct 2023, Accelerate Learning acquired Kide Science, an online library of lesson plans and professional development materials for K-3 teachers.
11. In Sep 2023, Golden Vision Capital Americas acquired Hawkes Learning, an educational company that created the first adaptive learning software with embedded expert systems. Hawkes offers a comprehensive suite of innovative course materials covering various subjects.
12. Presence, a teletherapy company for K -12 students, acquired RemoteHQ's software platform in August 2023.
13. In May, HMH acquired NWEA, aiming to enhance student outcomes by leveraging instructional expertise and research insights.
In December 2023, ACI Learning acquired Infosec Learning, which offers high-speed virtual labs and cyber ranges for learning and skill assessment across various sectors. These facilities provide intuitive, hands-on, and personalized experiences.
2. Services
2. Learning Management System (LMS)
3. Mobile e-learning
4. Rapid e-learning
5. Virtual classroom
6. Others
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
2. Instructure Holding Inc.
3. Adobe Inc.
4. Alphabet Inc.
5. Udemy
6. Pearsons Inc.
7. Stride Inc.
8. NetEase Inc.
Online education providers have a unique opportunity to form B2B partnerships with organizations to train their employees and attract new talent. These providers can quickly adjust their curricula and have experience serving adult students looking to advance their careers, making them attractive partners for businesses. The demand for online education is massive due to increased competition among online degree providers and investments in the education sector. The need for better education quality and experience has also contributed to this demand. The proliferation of online education enterprises and increased venture capital funding has disrupted the market. Finally, online education is evolving rapidly, with Virtual and Augmented Reality for learners and AI and machine learning for the back end.
Online Learning Facts of 2024
- Globally, 49% of students have participated in at least some form of online learning.
- The online learning sector is experiencing the most rapid growth within the education industry, having expanded by 900% since its inception in 2000.
- 70% of students believe online learning surpasses traditional classroom learning.
- The projected increase in online learning users will reach 57 million by 2027.
- Currently, 80% of businesses provide online learning or training solutions.
- Daily, 63% of students in the US actively participate in online learning activities.
- Online learning can boost student and employee retention by up to 50%.
- Engaging in online learning can decrease the time required to master a subject by 40% to 60%.
- Online learning and training can enhance employee performance by 15% to 25%.
- Prosperity for all projects that the count of individuals enrolled in online courses could surge to as high as 57 million by 2027.
- Research from Taylor & Francis Online indicates that over a third of American students have registered for one or more online courses. Over half of these students have also engaged in on-campus classes.
United States Online Education Market
Online education, also called distance learning, enables studying in the U.S. remotely. U.S. institutions offer full-time undergraduate and graduate programs and individual courses through various means like websites, mobile apps, email, and telephones. Students typically pay tuition fees to receive credits from U.S. institutions for distance learning. American students can now access a digital toolkit comprising online courses, textbooks, educational websites, videos, games, quizzes, and even artificial intelligence (AI) to enrich their learning experience. Educational institutions increasingly rely on educational technology for monitoring student activity, managing courses, grading, and fostering communication among educators, students, and families.The COVID-19 pandemic accelerated ed-tech adoption as schools and colleges shifted to online learning. Post-pandemic, edtech is poised to play a significant role in U.S. education. In 2023, many higher education courses remain partially online, and K-12 schools access an average of over 2,500 ed-tech tools per district, a substantial increase from previous years.
Global Online Education Top Merger and Acquisitions
The worldwide online education market includes Coursera Inc., Instructure Holding Inc., Adobe Inc., Alphabet Inc., Udemy, Pearsons Inc., Stride Inc., and NetEase Inc.1. Academic Partnerships acquired Wiley's online education business for US$ 150 Million in December 2023, causing a shake-up in the online program management market.
2. In December 2023, Curriculum Associates acquired SoapBox Labs, an AI speech recognition company.
3. ACI Learning acquired Infosec Learning in December 2023. Infosec Learning provides virtual labs and cyber ranges for hands-on, personalized learning and skill assessment to colleges, universities, businesses, and governments.
4. In December 2023, ParentSquare acquired Remind. ParentSquare is a company that creates a tool for engaging school families and communities, while Remind provides a secure communication platform for schools.
5. In Dec 2023, Allen Career Institute bought Doubtnut, a learning app that solves math and science problems by taking photos, for US$ 10 Million. Doubtnut had raised over US$ 52 Million and was valued at almost US$ 150 Million.
6. Nov 2023, Byju is in talks to sell its US-based digital reading platform, Epic, for US$ 400 Million in November 2023.
7. Enrollify, a higher education marketing professional development program, was acquired by Element451, a student engagement platform, in November 2023.
8. DaySmart acquired Sawyer in November 2023.
9. In Oct 2023, Canvas and MasteryConnect acquired Parchment for US$ 835 Million.
10. In Oct 2023, Accelerate Learning acquired Kide Science, an online library of lesson plans and professional development materials for K-3 teachers.
11. In Sep 2023, Golden Vision Capital Americas acquired Hawkes Learning, an educational company that created the first adaptive learning software with embedded expert systems. Hawkes offers a comprehensive suite of innovative course materials covering various subjects.
12. Presence, a teletherapy company for K -12 students, acquired RemoteHQ's software platform in August 2023.
13. In May, HMH acquired NWEA, aiming to enhance student outcomes by leveraging instructional expertise and research insights.
Global Online Education Company News
In March 2024, Accenture agreed to acquire Udacity, a company known for its innovative digital education. Udacity offers specialized technology courses that blend online adaptability with personalized human instruction.In December 2023, ACI Learning acquired Infosec Learning, which offers high-speed virtual labs and cyber ranges for learning and skill assessment across various sectors. These facilities provide intuitive, hands-on, and personalized experiences.
Type - Global Online EducationMarket breakup in 3 viewpoints:
1. Academic- Higher Education
- Vocational Training
- K-12 Education
- Others
- Large Enterprises
- SMBs
Provider - Global Online EducationMarket breakup in 2 viewpoints:
1. Content2. Services
Technology - Global Online EducationMarket breakup in 6 viewpoints:
1. Online e-learning2. Learning Management System (LMS)
3. Mobile e-learning
4. Rapid e-learning
5. Virtual classroom
6. Others
Country - Global Online Education Market breakup of 25 Countries:
1. North America1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherland
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the key players have been covered from 3 viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Coursera Inc.2. Instructure Holding Inc.
3. Adobe Inc.
4. Alphabet Inc.
5. Udemy
6. Pearsons Inc.
7. Stride Inc.
8. NetEase 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. Type - Global Online Education Market
8. Provider - Global Online Education Market
9. Technology - Global Online Education Market
10. Countries - Global Online Education Market
11. Porter’s Five Forces Analysis - Global Online Education Market
12. SWOT Analysis - Global Online Education Market
13. Key Players Analysis
List of Figures
List of Tables
Companies Mentioned
- Coursera Inc.
- Instructure Holding Inc.
- Adobe Inc.
- Alphabet Inc.
- Udemy
- Pearsons Inc.
- Stride Inc.
- NetEase 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 | 230 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 291.73 Billion |
| Forecasted Market Value ( USD | $ 788.05 Billion |
| Compound Annual Growth Rate | 11.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
