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    Online Education Market, Size, Global Forecast 2024-2032, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

    Excel: 8 Hours
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    Mar 2024
    Pages: 115

    Online Education Market Outlook

    Global Online Education Market Report by Type (Academic (Higher Education, Vocational Training, K-12 Education, Others), Corporate (Large Enterprises, SMBs) Government), Provider (Content and Services), Technology (Online e-learning, Learning Management System (LMS), Mobile e-learning, Rapid e-learning, Virtual classroom, and Others), Region and Company Analysis 2024-2032.


    Global Online Education Market Analysis

    Global Online Education Market Size is anticipated to experience a CAGR of 11.67% between 2024 and 2032, reaching an estimated worth of US$ 788.05 Billion by 2032 from US$ 291.73 Billion in 2023.

    The emergence of online education has revolutionized conventional learning techniques, garnering global popularity. Technological improvements enable online structures to offer flexible schedules, accessibility, and numerous courses catering to diverse interests and skill capacities. Especially accentuated by the COVID-19 pandemic, the benefit and protection of remote access have propelled its adoption. With establishments, professionals, and newcomers embracing this transformative shift, online education continues to grow, promising more inclusivity and academic possibilities for all.


    Global Online Education Market Trends

    Expanding internet penetration is poised to strengthen the global online education market by improving accessibility to academic resources and systems. According to a research, as of the beginning of 2024, about 5.35 Billion people have been using the internet, representing 62 percent of the global population. Furthermore, internet utilization keeps rising, with current facts indicating a boom of ninety-seven million customers within the 12 months leading to January 2024. This increasing connectivity, especially in developing areas, allows more human beings to participate in online education, facilitating the dissemination of know-how, allowing remote learning opportunities, and fostering the boom of online academic platforms.

    Moreover, the growing use of artificial intelligence and machine learning offers considerable boom possibilities for the online education market. These technologies allow structures to customize, gain knowledge, adapt content material, and provide instantaneous feedback, boosting engagement. They additionally streamline administrative responsibilities, lowering educators' workload and improving efficiency. Leveraging AI and machine learning permits companies to offer tailor-made learning experiences, expanding market possibilities and enhancing instructional outcomes. For example, in 2023, Blueprint Prep debuted an AI-pushed chatbot assisting premed students with the rigorous Critical Analysis and Reasoning Skills (CARS) phase of the Medical College Admission Test (MCAT), providing customized steering to enhance exam readiness.

    Besides, government initiatives propel the global online education market by investing in virtual infrastructure knowledge to enhance accessibility, affordability, and exceptionality. Governments foster innovation and deal with instructional disparities through guidelines, packages, and investment, often providing public-private collaboration. India's National Digital Educational Architecture (NDEAR), mounted in the 2021-22 Union Budget, aims to reinforce digital infrastructure and ensure stakeholder autonomy. The PM eVIDYA program, launched in 2020, enhances e-learning accessibility for Indian students and teachers, reaping benefits for 25 crore college students. It also allows the top 100 universities to provide online courses, expanding possibilities for 3.7 Crore more schooling students by easing regulatory frameworks for online education.


    Academic segment is considered the most distinguished part of the global online education market

    Academic-type vocational training is expected to be the distinguished segment of the global online education market due to its practicality and relevance in the contemporary job market. Focusing on acquiring unique skills and certifications, such applications cater to people searching for career development and professional improvement opportunities in numerous industries.


    Mobile e-learning is among the fastest-growing segments of the online education market worldwide

    Mobile e-learning is one of the rapidly expanding segments within the global online schooling market. This is due to its convenience and accessibility, facilitated by the enormous use of smartphones and tablets. Today, over 5.4 Billion humans globally have at least one cellular subscription, according to the GSMA, and more than 8.58 Billion mobile subscriptions will be in use worldwide in 2022, as per the International Telecommunication Union (ITU) reports. So, mobile telephones have become ubiquitous equipment for accessing educational content everywhere. This flexibility appeals to busy professionals, college students, and people seeking lifelong knowledge of opportunities. Besides, mobile e-learning platforms regularly offer interactive capabilities and personalized learning experiences, further driving their recognition and growth.


    United States appears to be in a strong position to dominate the global online education market

    The United States is poised to lead the global online education market due to its robust technological infrastructure, stable instructional establishments, and revolutionary teaching techniques. According to the National Center for Education Statistics (NCES), public faculties enrolled approximately 8.5 million online students in 2021. Another 2.7 million remote learners attended non-public schools, including 1.9 Million at non-profit establishments and nearly 800,000 at for-profit faculties. With a tradition of embracing digital learning solutions, the U.S. is placed to power growth and innovation in the online education sector.


    Global Online Education Company News

    The global online education market consists of Coursera Inc., Instructure Holding Inc., Adobe Inc., Alphabet Inc., Udemy, Pearsons Inc., Stride Inc., and NetEase Inc.

    • In March 2024 - Accenture agreed to acquire Udacity, a pioneer in digital education. Udacity specializes in creating and providing proprietary technology courses that deliver the flexibility of online education with the advantages of human instruction.
    • In December 2023 - ACI Learning acquired Infosec Learning, a company that offers high-speed virtual labs and cyber ranges for learning and skill assessment to colleges, universities, businesses, and governments, providing them with intuitive, hands-on, and personalized experiences.
    • In November 2023 - Curriculum Associates will expand student-focused AI capabilities by purchasing speech recognition leader SoapBox Labs.
    • In November 2023 - Indian ed-tech company Byju is reportedly in advanced talks to sell its U.S. digital reading platform Epic! Creations for approximately US$400 Million to Joffre Capital, a private equity firm. The aim is to secure funds to ease its financial pressures.


    Type – Global Online Education Market breakup in 3 viewpoints:

    1.    Academic

    •    Higher Education
    •    Vocational Training
    •    K-12 Education
    •    Others

    2.    Corporate

    •    Large Enterprises
    •    SMBs

    3.    Government


    Provider – Global Online Education Market breakup in 2 viewpoints:

    1.    Content
    2.    Services


    Technology – Global Online Education Market breakup in 6 viewpoints:

    1.    Online e-learning
    2.    Learning Management System (LMS)
    3.    Mobile e-learning
    4.    Rapid e-learning
    5.    Virtual classroom
    6.    Others


    Country – Global Online Education Market breakup in 25 viewpoints:

    1.    North America

    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


    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.

     

    Report Details:

    Report Features Details
    Base Year 2023
    Historical Period 2019 - 2023
    Forecast Period 2024 - 2032
    Market US$ Billion
    Segment Covered Type, Provider, Technology, and Countries
    Countries Covered United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherland, Turkey, China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, and South Africa
    Companies Covered Coursera Inc., Instructure Holding Inc., Adobe Inc., Alphabet Inc., Udemy, Pearsons Inc., Stride Inc., and NetEase Inc.
    Customization Scope 20% Free Customization
    Post-Sale Analyst Support 1 Year (52 Weeks)
    Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request)

    1.    Introduction

    2.    Research Methodology

    3.    Executive Summary

    4.    Market Dynamics

    4.1    Growth Drivers
    4.2    Challenges


    5.    Global Online Education Market

    6.    Market Share – Global Online Education Analysis

    6.1    By Type

    6.1.1    By Academic
    6.1.2    By Corporate

    6.2    By Provider
    6.3    By Technology
    6.4    By Countries


    7.    Type – Global Online Education Market

    7.1    Academic

    7.1.1    Higher Education
    7.1.2    Vocational Training
    7.1.3    K-12 Education
    7.1.4    Others

    7.2    Corporate

    7.2.1    Large Enterprises
    7.2.2    SMBs

    7.3    Government


    8.    Provider – Global Online Education Market

    8.1    Content
    8.2    Services


    9.    Technology – Global Online Education Market

    9.1    Online e-learning
    9.2    Learning Management System (LMS)
    9.3    Mobile e-learning
    9.4    Rapid e-learning
    9.5    Virtual classroom
    9.6    Others


    10.    Countries – Global Online Education Market

    10.1    North America

    10.1.1    United States
    10.1.2    Canada

    10.2    Europe

    10.2.1    France
    10.2.2    Germany
    10.2.3    Italy
    10.2.4    Spain
    10.2.5    United Kingdom
    10.2.6    Belgium
    10.2.7    Netherland
    10.2.8    Turkey

    10.3    Asia Pacific

    10.3.1    China
    10.3.2    Japan
    10.3.3    India
    10.3.4    South Korea
    10.3.5    Thailand
    10.3.6    Malaysia
    10.3.7    Indonesia
    10.3.8    Australia
    10.3.9    New Zealand

    10.4    Latin America

    10.4.1    Brazil
    10.4.2    Mexico
    10.4.3    Argentina

    10.5    Middle East & Africa

    10.5.1    Saudi Arabia
    10.5.2    UAE
    10.5.3    South Africa


    11.    Porter’s Five Forces Analysis – Global Online Education Market

    11.1    Bargaining Power of Buyers
    11.2    Bargaining Power of Suppliers
    11.3    Degree of Rivalry
    11.4    Threat of New Entrants
    11.5    Threat of Substitutes

    12.    SWOT Analysis – Global Online Education Market

    12.1    Strength
    12.2    Weakness
    12.3    Opportunity
    12.4    Threat


    13.    Key Players Analysis

    13.1    Coursera Inc.

    13.1.1    Overview
    13.1.2    Recent Development
    13.1.3    Revenue

    13.2    Instructure Holding Inc.,

    13.2.1    Overview
    13.2.2    Recent Development
    13.2.3    Revenue Analysis

    13.3    Adobe Inc.

    13.3.1    Overview
    13.3.2    Recent Development
    13.3.3    Revenue Analysis

    13.4    Alphabet Inc.

    13.4.1    Overview
    13.4.2    Recent Development
    13.4.3    Revenue Analysis

    13.5    Udemy

    13.5.1    Overview
    13.5.2    Recent Development
    13.5.3    Revenue Analysis

    13.6    Pearsons Inc.

    13.6.1    Overview
    13.6.2    Recent Development
    13.6.3    Revenue Analysis

    13.7    Stride Inc.

    13.7.1    Overview
    13.7.2    Recent Development
    13.7.3    Revenue Analysis

    13.8    NetEase Inc.

    13.8.1    Overview
    13.8.2    Recent Development
    13.8.3    Revenue Analysis

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