The online education global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Online Education Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The online education market size has grown rapidly in recent years. It will grow from $55.57 billion in 2023 to $68.07 billion in 2024 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to proliferation of high-speed internet and increased access to mobile devices, rising demand for education from remote, growing demand for flexible learning schedules, increased emphasis on courses and programs.
The online education market size is expected to see rapid growth in the next few years. It will grow to $151.69 billion in 2028 at a compound annual growth rate (CAGR) of 22.2%. The growth in the forecast period can be attributed to increased adoption of ai and adaptive learning, continuous learning and microlearning, hybrid learning models, growing recognition of the importance of soft skills, increased government support and initiatives. Major trends in the forecast period include hybrid learning models, AI-powered personalization, skill-based and microlearning courses, virtual reality (VR) and augmented reality (AR) integration, continued growth in professional development, micro-credentials and stackable certificates.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/online-education-global-market-report
Scope Of Online Education Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Online Education Market Overview
Market Drivers –
Increasing internet penetration is expected to propel the growth of the online education market going forward. Internet penetration refers to the percentage of the population of a specific geographic area, such as a country or region that has access to the Internet. The increasing internet penetration can be attributed to several factors such as affordability, e-commerce development, and social media influence. Internet penetration enhances access to information, education, and economic opportunities, fostering global connectivity and digital inclusion. Online education platforms often include real-time communication features, such as live video lectures, webinars, and chat functionalities. Smartphones with reliable internet connectivity enable students to actively participate in real-time discussions and engage with instructors and peers. For instance, in 2023, according to Meltwater, a US-based software as a service (SaaS) solution and the world’s first online media monitoring company states that the median age of the United Kingdom’s population is 40.0. Total internet users in the UK were 66.11 million, analysis indicates that internet users in the UK increased by 224 thousand (+0.3 percent) between 2022 and 2023. Therefore, the increasing internet penetration is driving the growth of the online education market.
Market Trends –
Major companies operating in the online education market are developing innovative technology advancements such as the New SaaS Assessment platform to increase their profitability in this market. The platform’s goal is to transform learning experiences by delivering the highest standards of engagement, equity, and evidence for instructors, administrators, and learners. For instance, in 2023, Echo360 a US-based educational technology (EdTech) company launched a New SaaS Assessment platform, EchoExam. The platform aims to provide a comprehensive and customizable summative assessment solution for education and business. It offers features such as personalized item banks, K12 standards-based questions, and custom content integrations. The platform also ensures compatibility with various devices and delivery methods, including mobile, desktop, and print.
The online education market covered in this report is segmented –
1) By Types: Academic, Corporate
2) By Component: Laptop, Mobile, Personal Computer
3) By Technology: Mobile E-learning, Learning Management System, Application Simulation Tool, Rapid E-learning, Podcasts, Virtual Classroom
4) By End-User: K-12, Massive Open Online Courses, Small and Midsize Business (SMBs), Large Enterprises, Other End-Users
Get an inside scoop of the online education market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=14149&type=smp
Regional Insights –
North America was the largest region in the online education market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the online education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the online education market are Microsoft Corporation, Cisco Corporation, Oracle Technologies Inc., Pearson, Citrix System, SAP SE, Byju’s, McGraw-Hill Educational Services LLC, Unacademy, Aptara Corporation, Udemy Training Technologies Inc., PowerSchool Group LLC, Coursera, Blackboard Solutions Inc., Simplilearn, Toppr, Udacity Learning Solutions Inc., MasterClass, Duolingo Inc., Docebo, Tata Interactive Systems, WizIQ Inc., Treehouse Island Inc., Edmodo, OpenLearning
Table of Contents
- Executive Summary
- Online Education Market Report Structure
- Online Education Market Trends And Strategies
- Online Education Market – Macro Economic Scenario
- Online Education Market Size And Growth
…..
- Online Education Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
Read Related Reports:
https://goodprnews.com/digital-evidence-management-market-drivers/
https://topprnews.com/electric-vehicle-battery-swapping-market-size/
Learn About Us:
The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
