Online Education Market Recorded 11.11% Y-O-Y Grow Rate in 2021 | Driven by Growing Advantages of Online Learning

NEW YORK, July 6, 2022 /PRNewswire/ — The global online education market size is expected to grow by USD 121.85 billion from 2020 to 2025. However, the growth momentum is likely to decelerate at a CAGR of 9.24%.  The key factor driving growth in the online education market is the growing advantages of online learning. Owing to the high cost and limited accessibility associated with traditional printed textbooks, educational institutions are increasingly focusing on online education. Vendors also provide audio-visual content and simulation learning platforms, which can be customized as per the school’s curriculum. The availability of various support solutions, such as learning management solution (LMS) and enterprise resource planning (ERP), as well as augmented reality (AR), virtual reality (VR), blended learning solutions, and student assessment software, has further played a major role in enhancing the demand for online education by various schools and universities.

Technavio has announced its latest market research report titled Online Education Market by Type and Geography – Forecast and Analysis 2021-2025

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Online Education Market: Major Challenge

The key challenges affecting the growth of the e-learning and online education market is cybersecurity. With the increased digitization of education, the threats related to information security, unwarranted access, and student data privacy have increased. The key reasons for the vulnerability of the educational sector to cyberattacks include the availability of valuable user and organizational data, the lack of a centralized structure for data storage, and the unregulated use of personal digital devices. The major sources of cybersecurity threats to educational content include malware viruses, such as WannaCry, through social media, the virtualization of systems, and the consumerization of IT. Hence, the inadequacy of the cybersecurity measures adopted by educational institutions and individual learners is expected to hamper the growth of the global online education market during the forecast period.

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Online Education Market: Segmentation Analysis

Product Outlook (Revenue, USD bn, 2020-2025)

  • primary and secondary supplemental education (PSSE) – size and forecast 2020-2025

  • reskilling and online certifications (ROC) – size and forecast 2020-2025

  • higher education – size and forecast 2020-2025

  • test preparation – size and forecast 2020-2025

  • language and casual learning (LCL) – size and forecast 2020-2025

Revenue Generating Segment

  • The online education market share growth by the primary and secondary supplemental education segment will be significant for revenue generation.

  • This segment includes online learning for students enrolled in primary and secondary classes. The online channel delivers a conducive educational environment to students who are in favor of individual high-quality learning.

  • This segment is expected to witness high growth owing to the factors such as the growing interest of students for a detailed understanding of subjects and increased awareness among the students regarding the availability of such a mode of education, especially in developing countries.

 Geographic Outlook (Revenue, USD bn, 2020-2025)

  • North America – size and forecast 2020-2025

  • APAC – size and forecast 2020-2025

  • Europe – size and forecast 2020-2025

  • South America – size and forecast 2020-2025

Regional Analysis:

  • 34% of the market’s growth will originate from APAC during the forecast period.

  • China is a key market for online education in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

  • The presence of a large consumer base, increasing awareness about online courses, growing Internet penetration, the adoption of smartphones, the increasing emphasis on technology by educational institutions, and favorable government initiatives will facilitate the online education market growth in APAC over the forecast period.

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Online Education Market: Vendor Analysis

The online education market is fragmented and the vendors are deploying growth strategies such as conducting research and training programs to compete in the market.

  • 2U Inc.

  • Ambow Education Holding Ltd.

  • Coursera Inc.

  • edX Inc.

  • iTutorGroup

  • LinkedIn Corp.

  • McGraw-Hill Education Inc.

  • Pearson Plc

  • Udacity Inc.

  • Udemy Inc.

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Read the 120-page report with TOC on “Online Education Market Analysis Report by Product (primary and secondary supplemental education (PSSE), reskilling and online certifications (ROC), higher education, test preparation, and language and casual learning (LCL)) and Geographic (North America, APAC, Europe, South America, MEA, North America, APAC, Europe, South America, and MEA), and the Segment Forecasts,2021-2025″. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/online-education-market-industry-analysis

Get ready to achieve excellent business outcomes from this exclusive Online Education Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as –

  • What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?

  • What is the current trend taking place in the market space?

  • Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?

  • What are market drivers, restraints, and challenges impacting demand & growth of the market?

  • Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?

The competitive scenario provided in the Online Education Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Online Education Market Forecast Report –  Buy Now!

Related Reports:

Online Education Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 9.24%

Market growth 2021-2025

USD 121.85 billion

Market structure

Fragmented

YoY growth (%)

11.11

Performing market contribution

APAC at 37%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

2U Inc., Ambow Education Holding Ltd., Coursera Inc., edX Inc., iTutorGroup, LinkedIn Corp., McGraw-Hill Education Inc., Pearson Plc, Udacity Inc., and Udemy Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

Table of Content

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Type

6 Customer landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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