Online Education Market size was valued at USD 44.78 Billion in 2021 and is projected to reach USD 268.9 Billion by 2030, growing at a CAGR of 25.1% from 2022 to 2030.
Online education is an electronically supported learning system, which relies on the Internet for interaction and distribution of course material between students and teachers. It is delivered in variety of styles such as computer-based training, web-based training, internet-based training, online training, e-learning, and m-learning. With online education, students can turn anywhere with internet access and electricity into a classroom. It can include audio, video, text, animations, virtual training environments and live chats with professors. It is convenient and flexible than traditional classroom. Online Education Program.
Nowadays, online education includes interactive tools that rely on the proliferation of mobile devices and Wi-Fi networks that are easily accessible and can support students or employees wherever they may be. As technology continues to develop, and as internet access becomes a more standard part of daily life for virtually all citizens, it is inevitable that the reach and scope of e-learning will develop as well.
Key Market Insights:
- The growth of global online education market is mainly attributed to rising content digitization in recent years. Increasing Number of Internet Users Has Influenced the Online Education Market Demand.
- Based on provider, the Content provider segment is projected to have the largest revenue and account for more than 60% of the global Online Education market in 2021.
- By Technology, the mobile learning segment accounted for the largest share of more than 48.95% in 2021 and is expected to register high CAGR.
- Based on Vertical, K-12 school segment dominated the market with a revenue share of more than XX% in 2021 and is also expected to grow at a faster rate.
- North America online education market accounts the highest industry share and is growing rapidly due to the fast-technological adoption by numerous online service providers.
Online Education Market: Dynamics
Factors influencing the growth of the Online Education market include the increasing number of internet users, the Rise in Adoption of Massive Open Online Courses (MOOC), rising government initiatives on smart education and learning, and the progress in the Use of Artificial Intelligence, Machine Learning, Virtual Reality (VR).
Rise in Adoption of Massive Open Online Courses (MOOC)
The growth of global online education market is mainly attributed to rising content digitization in recent years. Among the numerous methods of education, online education allows learners with an online platform that connects them with the educator. The prevalence of online learning courses and distance learning programs are contributing to the growth of the market. Recently over the past few years, increasing adoption of Massive Open Online Courses (MOOC) across corporate and higher education providers among others are significantly influencing the growth of the market.
In 2019, The National University of Singapore (NUS) has announced about its partnership agreement with global online course provider edX to offer courses on its platform from 2020. Additionally, in January 2020, Esri, a location intelligence provider, announced a new massive open online course (MOOC) on spatial data science. Thus, increasing adoption of MOOC is accelerating the demand for online education market in recent years at a rapid space. Furthermore, companies offering online education are strategically collaborating with corporates and universities to increase coverage and presence of them.
Online Education Market Restraining Factors
Lack of Awareness of Online Education is Restricting the Market Growth
In order to capitalize on the potential of digital technology as a learning tool, there is an urgent need of the professional development of teachers. It allows teachers to construct professional knowledge about pedagogy, content and technology as well as strategies for managing the changing classroom environments. Teachers have to develop competence in teaching in the digital world order and redefine their role in technology-based learning. Moreover, lack of resources and adequate network infrastructure across educational institutions is impacting the market negatively.
Furthermore, it has been observed that lack of face-to-face communication between peers, students and teachers in an online setting is affecting the communicational skills of the students and cause isolation. For instance, students who are experiencing problems in the curriculum can resolve them quickly and directly either during the lecture or during the dedicated office hours. Personalized feedback has a positive impact on students, as it makes learning processes easier, richer, Global Online Education Market 2016 - 2026 Zion Market Research 153 and more significant, all the while raising the motivation levels of the students. Pursuing education through online, students still tend to struggle with personalized feedback. Thereby certain factors are responsible for restricting the market growth in recent years. However, to resolve such limitations, researchers have suggested for implementing virtual classrooms in upcoming years.
Report Scope of the Online Education Market
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Attribute
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Details
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Market Size in 2021
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USD 44.78 Billion
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Estimated Market Size in 2030
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USD 268.9 Million
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CAGR Growth Rate
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25.1% % CAGR
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Base Year
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2016 to 2021
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Forecast Years
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2022-2030
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Segmentation
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By Provider, By Technology, By Vertical
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Major Regions Covered
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North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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Key Market Players
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Lynda, Blackboard Inc., McGraw-Hill Education, Adobe Systems Inc., Pearson, Tata Interactive Systems, PowerSchool Learning, Edmodo, Aptara Inc., Oracle Corporation, Docebo, Cisco Systems Inc., Microsoft Corporation, Sap SE, Citrix Education Inc., Apollo Education Group, Inc.,
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Report coverage
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Revenue Forecast, Company Share, Competitive Landscape, Growth Factors, Restraints, Opportunities, Value Chain Analysis, Porter’s Five Forces Analysis, Patent Analysis, Market Attractiveness Analysis by Segments
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Online Education Market Segmentation
Provider Insights
With a revenue share of around 60% in 2021, the Content provider category led the market. The market growth for the content providers can be attributed to content developers focusing on offering sophisticated learning solutions on their platform. The market players assimilate and deliver content on a wide array of topics by collaborating with domain experts that help them to develop the learning content. They focus on offering specific and customized content as per the end-user requirements. The service segment is witnessing high demand for curriculum design & development, training delivery and analytics services for the seamless functioning of digitized education systems.
Technology Insights
In 2021, the mobile learning sector held around 48.95% revenue share of the Online Education market. Mobile learning refers to the interactive and simulative process of teaching and learning with the use of mobile devices and applications, instead of the traditional classroom method. The demand for mobile learning solutions in developing economies is increasing owing to the availability of bandwidth, cheap data plans, and increased government initiatives towards digitized education.
Learning management systems (LMS) platforms are providing vast repositories of learning content and allowing remote learners to access educational materials online. The adoption of learning management systems is becoming increasingly popular as more educational institutions explore modern approaches towards teaching and learning. Moreover, the high demand for distance learning and quality education is also impacting this segment positively.
Vertical Insights
In 2021, the K-12 education accounted for the largest sales share, at over XX%. Online education market for K-12 education is witnessing a high demand owing to progression in the educational sector, growing competition among students and rising adoption of digital platforms among millennials.
Additionally, rise in adoption of online education methods among the higher education provider owing to reduced workload of faculties is expected to register high CAGR growth during the forecast years.
Regional Insights
North America led the global market in terms of revenue of around 40% In 2021, due to the fast-technological adoption by numerous online service providers. The US is the largest market in North America, followed by Canada. Furthermore, the prevalence of online resources and distance learning programs along with adoption of technologies such as AR and VR-based learning in United States is expected to proliferate the demand in upcoming year.
In 2021, the Europe dominated more than 20% of market revenue share and will witness a steady growth through 2028 due to developed telecom infrastructure coupled with adoption of latest technologies across corporate and education sectors.
In the Asia-Pacific region, the online education market is growing at a fast rate owing to the adoption of online learning methods by China, India, Indonesia, and Malaysia, amongst others. Additionally, the growth of the massive open online courses (MOOC) in the region is anticipated to boost the growth of the market.
Competitive Landscape
McGraw-Hill Education, Adobe Systems Inc., Pearson, Lynda, Blackboard Inc., are some of the leaders in Online Education.
The key players in the Online Education Market include Lynda, Blackboard Inc., McGraw-Hill Education, Adobe Systems Inc., Pearson, Tata Interactive Systems, PowerSchool Learning, Edmodo, Aptara Inc., Oracle Corporation, Docebo, Cisco Systems Inc., Microsoft Corporation, Sap SE, Citrix Education Inc., Apollo Education Group Inc.
Global Online Education Market Segment as Follows:
By Provider
By Technology
- Mobile learning
- Learning management system
- Virtual class
- Others
By Vertical
- K12
- Higher Education
- Corporate
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- the Middle East & Africa
FAQs
What will be the value of the Online Education market during 2022-2030?
The global Online Education market size is projected to grow from USD 54.2 billion in 20221 to USD 268.9 billion by 2030
At what CAGR is the market predicted to grow within the forecast period?
The market is projected to grow at a CAGR of 25% between 2022 and 2030.
What are the key factors boosting the Online Education market growth?
growing investments in digital education technology development is expected to drive the growth of the market.
Factors influencing the growth of the Online Education market include the increasing number of internet users, the Rise in Adoption of Massive Open Online Courses (MOOC), rising government initiatives on smart education and learning, and the progress in the Use of Artificial Intelligence, Machine Learning, Virtual Reality (VR).
Who are the major players in the Online Education market?
The major players in the Online Education Market include Lynda, Blackboard Inc., McGraw-Hill Education, Adobe Systems Inc., Pearson, Tata Interactive Systems, PowerSchool Learning, Edmodo, Aptara Inc., Oracle Corporation, Docebo, Cisco Systems Inc., Microsoft Corporation, Sap SE, Citrix Education Inc., Apollo Education Group, Inc.
Which region accounted for the largest Online Education market share?
In 2021, the North America region was the largest market for Online Education, accounting for more than 40% of the global market.