Online education market registered 11.11% annualized growth rate in 2021 | Driven by growing benefits of online learning

NEW YORKJuly 6, 2022 /PRNewswire/ — The global online education market is expected to grow by: USD 121.85 billion from 2020 to 2025. However, growth momentum is likely to slow by a CAGR of 9.24%. The main factor driving the growth in the online education market is the: growing benefits of online learning† Due to the high costs and limited accessibility associated with traditional printed textbooks, educational institutions are increasingly turning to online education. Vendors also provide audiovisual content and simulation learning platforms, which can be customized according to 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 an important role in increasing 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.

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 main challenges affecting the growth of the e-learning and online education market is cybersecurity. With the increasing digitization of education, threats related to information security, unauthorized access and privacy of student data have increased. The main reasons for the vulnerability of the education sector to cyber-attacks are the availability of valuable user and organizational data, the lack of a centralized data storage structure and the unregulated use of personal digital devices. The main sources of cybersecurity threats to educational content are malware viruses, such as WannaCry, through social media, the virtualization of systems and the consumption of IT. Therefore, the inadequacy of the cybersecurity measures of educational institutions and individual students is expected to hinder 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 Billion, 2020-2025)

  • primary and secondary supplementary education (PSSE) – scope and forecast 2020-2025

  • retraining and online certifications (ROC) – scope and forecast 2020-2025

  • higher education – scope and forecast 2020-2025

  • test preparation – size and forecast 2020-2025

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

Revenue-generating segment

  • The growth of the market share of online education due to the primary and secondary education segment will be important for generating revenue.

  • This segment includes online learning for students enrolled in elementary and secondary education. The online channel provides a favorable educational environment for students who are in favor of individual high-quality learning.

  • This segment is expected to experience strong growth due to factors such as the growing interest of students in a detailed understanding of subjects and a greater awareness among the students about the availability of such education, especially in developing countries.

Geographic Outlook (Revenue, USD Billion, 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 come from APAC during the forecast period.

  • China is a major market for online education in APAC. The market growth in APAC will be faster than the market growth in other regions.

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

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Report

Online Education Market: Supplier Analysis

The online education market is fragmented and the vendors are adopting 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.

  • To find out more about the suppliers’ offerings – Click now!

Read the 120 page TOC report on “Online Education Market Analysis Report by Product (Primary and Secondary Additional Education (PSSE), Retraining and Online Certifications (ROC), Higher Education, Test Preparation, and Language and Informal Learning (LCL)) and geographical (North AmericaAPAC, EuropeSouth AmericaALONG, North AmericaAPAC, EuropeSouth Americaand MEA), and the Segment Forecasts, 2021-2025″. Get competitive intelligence on industry leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales and delivery functions. https://www.technavio.com/report/report/online-education-market-industry-analysis

Get ready to achieve outstanding business results with this exclusive Online education market Technavio report. The report will include highlights of the overall market including frequently asked questions such as:

  • What are historical sales figures and estimated sales figures, as well as CAGR over the forecast period?

  • What is the current trend in the market space?

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

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

  • Which regions and segments will generate huge revenues and become industry leaders in the coming years?

The competitive scenario in the Online education market report analyzes, evaluates and positions companies based on various performance indicators. Some of the factors considered for this analysis are the financial performance of companies in recent years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, take a strategic approach & boost your business goals with our online education market forecast report – Buy now!

Related reports:

Scope of the online education market

Reporting coverage

Details

page number

120

Base year

2020

Forecast Period

2021-2025

Growth momentum & CAGR

Slow down 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 Range

Profiled companies

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, Inductors and obstacles to market growth, High-growth and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, analysis of market conditions for the forecast period,

Adjustment Range

If our report does not contain the data you are looking for, you can contact our analysts and get custom segments.

Index

1. Summary

2 Market landscape

3 Market size

4 Analysis of five forces

5 Market Segmentation by Type

6 Customer landscape

7 Geographical landscape

8 drivers, challenges and trends

9 supplier landscape

10 Supplier Analysis

About Technavio

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

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

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