September 26, 2022

Health Mettler Institute

Healthy LifeStyle & Education

Online Education Market Size is projected to reach USD

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.

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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

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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.

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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

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

  1. Introduction
    1. Market Definition
    2. Market Scope
  2. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  3. Market Overview
    1. Report Segmentation & Scope
    2. Value Chain Analysis: Online Education Market
    3. Key Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
    5. Market Share Analysis
  4. Component Type Overview
    1. Introduction
      1. Market Size & Forecast
    2. Hardware
      1. Market Size & Forecast
    3. Software
      1. Market Size & Forecast
  5. Product Type Overview
    1. Introduction
      1. Market Size & Forecast
    2. Content
      1. Market Size & Forecast
    3. Services
      1. Market Size & Forecast
  6. Regional Overview
    1. Introduction
      1. Market Size & Forecast
    2. America
      1. North America
      2. U.S.
        1. By Component Type
        2. By Product Type
      3. Canada
        1. By Component Type
        2. By Product Type
      4. Mexico
        1. By Component Type
        2. By Product Type
      5. Latin America
        1. By Component Type
        2. By Product Type
    3. Europe
      1. Market Size & Forecast
      2. Germany
        1. By Component Type
        2. By Product Type
      3. France
        1. By Component Type
        2. By Product Type
      4. U.K.
        1. By Component Type
        2. By Product Type
      5. Italy
        1. By Component Type
        2. By Product Type
      6. Spain
        1. By Component Type
        2. By Product Type
      7. Rest of Europe
        1. By Component Type
        2. By Product Type
    4. Asia Pacific
      1. Market Size & Forecast
      2. Japan
        1. By Component Type
        2. By Product Type
      3. China
        1. By Component Type
        2. By Product Type
      4. Australia
        1. By Component Type
        2. By Product Type
      5. India
        1. By Component Type
        2. By Product Type
      6. South Korea
        1. By Component Type
        2. By Product Type
      7. Rest of Asia-Pacific
        1. By Component Type
        2. By Product Type
    5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
        1. By Component Type
        2. By Product Type
      3. South Africa
        1. By Component Type
        2. By Product Type
      4. Kuwait
        1. By Component Type
        2. By Product Type
      5. Rest of Middle East & Africa
        1. By Component Type
        2. By Product Type
  7. Company Profile
    1. Lynda.com
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    2. Tata interactive Systems
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    3. Mcgraw-hill education
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
  8. Conclusion & Recommendation
  9. 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

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