Worldwide Online Education Industry is expected to grow with a double-digit CAGR of 13.8% during 2021 -2027

As per the latest report by Renub Research titled “Online Education Market, Size, Global Forecast 2022-2027, Share, Growth, Industry Trends, Impact of COVID-19, Opportunity Company Analysis” the Global Online Education Market Size was USD 585.48 Billion in 2027. Recently, online education has become an essential part of the modern education system. Online education is an electronically supported learning framework, which depends on the internet for cooperation and appropriation of study material among understudies and instructors. Many drivers drive the Online Education Market. It offers both the students and teachers an efficient way to transfer knowledge by the mode of videos, PDFs, podcasts, etc., which are beyond the scope of paper and pen. It also offers accessibility of time and place, which helps the schools and other educational universities access, many other students.

Online education platforms are more affordable than general pen and paper models and are easy on the environment. Nonetheless, developing interest to decrease the expense of instruction, expanding government drives supporting online schooling, and growing infiltration of cell phones and the internet are the variables adding to the growth of the online education market. Similarly, the market growth is anticipated to be facilitated, attributing to the expanding interest for versatile and adaptive learning and the emergence of an AI-enabled e-learning solution.

COVID-19 Impact on Online Education Market

With the rise of the COVID-19 cases, all colleges, schools, and other learning institutes were closed due to the lockdown implemented to avoid the spread of the coronavirus. This fuled the growth of online education platforms as academic institutes embraced e-learning mediums to provide training and education for individuals during the COVID-19 executed lockdowns. In 2020, according to UNESCO (United Nations Educational, Scientific and Cultural Organization), over 1.2 billion students in 186 countries were impacted by school closures due to the COVID-19 pandemic. Countries that are worst smacked by the coronavirus have seen unprecedented growth in distance education enrollments.

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Academic Institutions hold a Significant Market Share

On the basis of user’s type, the online education market is segmented into government, academic and corporate. With the rising number of students in academic organizations and the regular need to upskill and provide industry-relevant training to the staff, academic institutions and corporations need to develop options that allow individuals to learn anytime from anywhere. Increased effectiveness of animated learning and flexibility in learning are other factors contributing to academic institutions’ growth of online education. Lack of competent staff in various colleges and schools across the developing nations also results in the adoption of online schooling by the students. Support and government funds are other primary drivers for academic institutions’ growth of online education.

Online Mobile e-learning is the Fastest-Growing Technology Segment

By technology, online e-learning delivers knowledge to students through electronic modes such as audio, e-books, videos, AR/VR, or any other electronic method. Online e-learning technology provides various benefits to the students, including low cost of education and specialized course learning. Additionally, online e-learning has become an integral part of the majority of institutions as it enhances the performance of employees. For instance, according to IBM statistics, e-learning can increase productivity by 50% by using online e-learning software to provide employees with an amazing opportunity to engage in their training courses at any suitable time. Apart from this, mobile e-learning is the fastest-growing technology segment due to increasing income levels, and then those dollars flowing into mobile sales in the developing countries have propelled the growth rate and growth prospects for mobile e-learning.

North America & Asia Pacific Online Education Market would Witness Market Growth

Online education in Asia Pacific has glimpsed an enhanced acceptance over a few years. It is an integral part of the colleges, schools, and even offices across Asia. One of the advantages of online education is that this kind of education model is efficiently scalable. The government is also allowing the universities to deliver fully online degrees, a change that could reshape the education industry in the country like India and China. Besides, the availability of high-speed internet and the advent of the 5G network in Asia-Pacific are delivering lucrative opportunities for market players to adopt innovative technologies.

Over the years, the increased penetration of the internet and the availability of low-cost smartphones has raised the number of online users in India. This has created a surge in demand for online education like K-12 education, vocational training, higher education in rural and urban areas. Similarly, the government in India is undertaking various digital initiatives such as ePathshala, which provides educational web resources for students, parents, teachers, researchers, and educators. Key players operating in the market include Coursera, Instructure Inc., Byju’s, Adobe Inc., and Alphabet Inc.

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Market Summary:

User Type – We have covered Global Online Education Market breakup by 3 viewpoints by- User Type (Academic (Higher Education, Vocational Training, K-12 Education and Others), Corporate (Large Enterprise and SMBs and Government)

Provider – Renub Research Report covers by provider in the 2 viewpoints (Services and Content)

Technology – Our Report has covered Global Online Education Market breakup by 6 Technology (Online e-learning, Learning Management System (LMS), Mobile e-learning, Rapid e-learning, Virtual classroom and Others)

Region – This Report covers by Region in the 5 viewpoints (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)

All the major players have been covered from 3 Viewpoints (Overview, Recent Development, and Revenue Analysis) Coursera, Instructure Inc., Byju’s, Adobe Inc. and Alphabet Inc.

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Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

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Global Online Education Market will be US$ 350 Billion by 2025 – Renub Research

Online Education Market & Global Forecast, by End User, Learning Mode (Self-Paced, Instructor Led), Technology, Country, Company” studies the global online education market.

The global online education market is anticipated to reach US$ 350 Billion Mark by the end of the year 2025. The various factors that support market growth are uses of artificial intelligence-based technological platform, which is quite effective for almost every kind of learner. Increasing Internet and mobile penetration will add more people to learn online at any point in time. The convenience of portability would further add the value of flexibility, like any time, any place.

Global Online Education Market – Renub Research

As of now, various content companies provide different amazing comments for every segment of the learner. The rapid adoption of online learning technology among the learner across the world is due to its cost-effectiveness and user-friendly interface.

Currently, the United States is the leader in the global online education market, because of its early introduction of e-learning courses and distance learning services. Many educational institutions concentrate on learning focused on augmented reality.

China is another important market place for that market. The online education market in India has shown remarkable growth in the past few years. This growth is expected to continue during the forecast period, as well. Online education is an electronically assisted learning system that relies on the Internet for interaction and dissemination between students and teachers of the course material.

Besides, due to the increasing need for adaptive learning, the market is also expected to be improved. India online education market is expected to expand due to cost-effective education, quality education availability, digital government initiatives, smartphone user base, and internet penetration.

Online Education Market by Country

The research studies the following countries China, India, Japan, the United States, United Kingdom, Russia, Africa, and Others online education industry. The demand for online education in Asia is driven by well-established infrastructure, a highly-skilled workforce, and increased demand for content among corporate organizations. Growing internet penetration, increasing disposable income, and rapid adoption of online courses, the China and United States are the top two leading countries in the world online education sector.

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Online Education Market by Technology

The global online education market based on technology is fragmented into the Phone, Learning Management System (LMS), Virtual School, Others. The Mobile Segment is the market dominating segment due to portability and flexibility. The mobile segment will further maintain its leading position in the coming future.

Online Education Market by End-User

This section of the report studies the demand for the following End User segments: K-12, Small and Midsize Business (SMB), Large Businesses, Huge Open Online Courses, and Others. Small and medium-sized businesses (SMBs) and online learning for large enterprises dominate the overall global online education market.

Key Players Analysis

In this section of the report, we have analyzed the top key players. The essential key players are; Coursera, Udacity, Pluralsight Inc., Cengage Learning, Cornerstone OnDemand Inc. The analysis of key players are done with multiple perspectives that include an overview of the business, sales analysis & forecast, the various strategy of the firm, and recent trend and development of company, etc

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Key Topics Covered :

  1. Introduction
  2. Research Methodology
  3. Executive Summary
  4. Global Online Education Market
  5. Market Share – Global Online Education

5.1 by Country
5.2 by End-User
5.3 by Learning Mode
5.4 by Technology

  1. Country – Global Online Education Market

6.1 United States
6.2 United Kingdom
6.3 Russia
6.4 China
6.5 Japan
6.6 India
6.7 Africa

  1. End User – Global Online Education Market

7.1 K-12
7.2 Massive Open Online Courses
7.3 Small and Midsize Business (SMBs)
7.4 Large Enterprises
7.5 Others

  1. Learning Mode – Global Online Education Market

8.1 Self-Paced Online Education
8.2 Instructor Led Online Education

  1. Technology – Global Online Education Market

9.1 Mobile Learning
9.2 Learning Management System (LMS)
9.3 Virtual Classroom
9.4 Others

  1. Company Profile

10.1 Coursera
10.2 Udacity
10.3 Pluralsight Inc.
10.4 Cengage Learning
10.5 Cornerstone OnDemand Inc.

  1. Market Dynamics

11.1 Growth Factors
11.2 Challenges
11.3 Opportunities
11.4 Conclusion

About Us:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys, and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. Our clients rely on our market analysis and data to make informed knowledgeable decisions. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

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