Category

Global Online Education Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Academic, Corporate), By Technology (Mobile E-learning, Learning Management System, Application Simulation Tool, Rapid E-learning, Podcasts, Virtual Classroom) By Vendor (Service Providers, Content Providers), By End-user (Higher Education Institutions, K-12 Schools, Others), And By Geography - Forecasts From 2021 To 2026

Published: Jun 2021 | Report Code:  KSI061611039 | Pages:  140

The online education market is evaluated at US$187.877 billion for the year 2019 and is projected to grow at a CAGR of 15.44% to reach US$513.140 billion in 2026.

Online education is an electronically upheld learning framework, which depends on the internet for cooperation and appropriation of study material among understudies and instructors. Developing interest to decrease the expense of instruction, expanding government drives supporting online schooling, and expanding infiltration of cell phones and the internet are the variables adding to the growth of the online education market. Furthermore, the market growth is likewise expected to be facilitated attributing to the expanding interest for versatile and adaptive learning and the emergence of an AI-enabled e-learning solution.

The developing appropriation of cloud-based arrangements combined with rising investment speculations by significant market penetrators towards improving the security and unwavering quality of cloud-based education platforms is further expanding its selection among the institutions. The presence of an enormous number of service and content suppliers in the market is bringing colossal volumes of instructive substance on the web. Declining facilitating costs and the developing requirement for educational content is further propelling the growth of the market. However, the accessibility of plentiful free substances and the absence of awareness in the end-users are challenging the market growth.

The presence of free content is driving the end-users towards the adoption of online learning and ed-tech companies look at this as another opportunity to exploit. Many companies offer free and engaging content online as a marketing strategy to increase their penetration and market share. For instance, one of India’s most valuable Edtech startup BYJU’S saw 7.5 million new users on its platform since it started offering free access to content. 

The growing internet penetration even in the emerging economies and flexibility of availing the educational information at any place and any time is further pointing to the growth of the market. For instance, Bangladesh experienced an extremely high internet penetration rate from merely 100,000 in 2000 to 94,199,000 in 2020. These emerging countries offer great opportunities in the online education market.

The government across the countries have introduced several schemes in favor of online education, especially after the COVID-19 crisis grappled the world. PM eVidya, a unique and innovative venture by the Ministry of Education, Government of India was introduced in May 2020 to facilitate multi-mode access to online education contents of various types among students and teachers. The US Department of Education Funds has identified twelve programs that support both K-12 and Postsecondary institutions that can facilitate broadband infrastructure and adoption. Some of these programs may even be used to support access to devices for students (e.g., tablets, computers) and mobile hotspot devices and data plans.

One of the main hurdles in the online education market is the limited accessibility by the poor people in rural areas owing to the low internet penetration and less smartphone adoption. These sections rather turn to televisions and radios which is a niche not many companies are ready to adopt. For instance, as per World Bank, in the US, where schools have been exclusively online since mid-March 2020, almost 14 percent of households with school-age children do not have internet access. Furthermore, despite Cambodia’s internet penetration being only 40 percent, the government has allocated about 54 percent more for online learning (US$ 1.7 Million) as opposed to TV & Radio (US$ 1.1 Million). However, the situation is steadily changing and has shown positive trends in some countries like India where the rural region had 227 million active internet users, 10% more than urban India as of November 2019 as per Internet and Mobile Association of India.

Due to the advent of the COVID-19 pandemic, schools and colleges across the globe had to adopt the online education method to make sure the chain of gaining and imparting knowledge is not disrupted due to the regulation imposed to curb the spread of the virus.

In May 2021, Kahoot, the popular Oslo-based edtech company that focussed on framing a business out of gamifiying education and providing a platform for users to design their learning games, is acquiring Clever, a start-up that has provided a single sign-on portal for educators, students, and their families to build and engage in digital learning classrooms with an aim for education innovation.

In May 2021, Indian online higher education platform upGrad acquired Impartus, a video-learning solutions provider, for? 150 crores intending to distribute its courses to colleges and other educational institutions.

By type, the online education market has been segmented into academic, and corporate. By technology, the market is categorized into mobile e-learning, learning management systems, application simulation tools, rapid e-learning, podcasts, and virtual classroom. By vendor, the market is segmented into service providers, and content providers. By end-user, the market is divided into higher education institutions, k-12 schools, and others.

Geographically, the global online education market is studied across North America, South America, Europe, Middle East and Africa (MEA), and Asia-Pacific (APAC). North America dominates the market and is expected to hold the largest market share of the global online education market attributing to the presence of major market players. However, Asia-Pacific is projected to witness the fastest market growth rate during the forecast period owing to rising internet penetration along with the growing use of mobile devices in emerging economies.

Online Education Market Scope:

Report Metric

Details

 The market size value in 2019

 US$187.877 billion

 The market size value in 2026

 US$513.140 billion

 Growth Rate

 CAGR of 15.44% from 2019 to 2026

 Base year

 2019

 Forecast period

 2021–2026

 Forecast Unit (Value)

 USD Billion

 Segments covered

 Type, Technology, Vendor, End-User, And Geography

 Regions covered

 North America, South America, Europe, Middle East and Africa, Asia Pacific

 Companies covered 

 Adobe, Apollog Education Group, Inc., Blackboard Inc., Cisco, Citrix Systems, Inc.,   McGraw-Hill Education, Microsoft Corporation, Oracle, Pearson, SAP, MPS Limited,   OES

 Customization scope

 Free report customization with purchase

Segmentation:

  • By Type
    • Academic
    • Corporate
  • By Technology
    • Mobile E-learning
    • Learning Management System
    • Application Simulation Tool
    • Rapid E-learning
    • Podcasts
    • Virtual Classroom
  • By Vendor
    • Service Provider
    • Content Provider
  • By End-User
    • Higher Education Institutions
    • K-12 Schools
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the online education market size by 2026?
A1. The online education market is projected to reach a market size of US$513.140 billion in 2026.


Q2. What is the size of global online education market?
A2. Online Education Market was valued at US$187.877 billion in 2019.


Q3. What are the growth prospects for online education market?
A3. The global online education market is projected to grow at a CAGR of 15.44% during the forecast period.


Q4. Which region holds the maximum market share of the online education market?
A4. North America dominates the market and is expected to hold the largest share of the global online education market attributing to the presence of major market players.


Q5. What factors are anticipated to drive the global online education market growth?
A5. Developing interest to decrease the expense of instruction, expanding government drives supporting online schooling, and expanding infiltration of cell phones and the internet are the variables adding to the growth of the online education market.

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