Knowledge Sourcing Intelligence announces the publication of a new report on “Online Education Market- Forecasts from 2020 to 2025” to their offering.
Online education is a learning system that is supported electronically. It depends on the internet for interaction and distribution of course content between teachers and students. The factors affecting the growth of the online education market are growth in demand to reduce education cost, increased government initiatives to support online education, growth of smartphone penetration, and wide use of the internet. Various educational institutes are shifting their preference towards online education by adopting technology in their teaching methods. Online education market is gaining significance everywhere as it engages students to find their own academic paths and allow education to take place in class, home or anywhere. An increase in the tuition fees and high interest on education loans in the developed and developing countries has increased the costs of campus education that are shifting the trends towards online education. Also, the growing demand for adaptive learning is also expected to affect market growth. In contrast to the increasing interest in online education, the factors which hamper the growth of this market are less availability of free education content, and lack of awareness among the students and teachers, lack of capable and competent staff in different schools and colleges among the developing countries is also resulting in adoption of online education by students.
Universities and colleges over the globe are frequently giving new MOOCs and distance learning courses. An increase in the tuition fees and high interest on education loans in the developed and developing countries has increased the costs of campus education that are shifting the trends towards online education market growth. This is moving the pattern towards web based learning arrangements, consequently, affecting the interest for Learning Management Systems (LMS) over these colleges and universities.
By geography, the online education market is segmented as North America, Europe, South America, the Middle East, and Africa (MEA), and Asia-Pacific (APAC). The largest market size of the global online education market is North America. The fastest online education market growth will be in the APAC region during the forecast period. The reason for this being the rising internet penetration along with the growing usage of mobile devices in countries like China, India, Malaysia, and South Korea.
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This report segmented the Online Education market on the basis of following terms