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Online Education Market to Surpass Valuation of US$ 729.1 Bn by 2031: Transparency Market Research

Online Education Market: Introduction

Transparency Market Research delivers key insights on the global online education market. In terms of revenue, the global online education market is estimated to expand at a CAGR of 12.3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global online education market.

Online education is a broad concept for education. It represents how advanced technologies help learners to more easily, efficiently, and conveniently ingest information and skills. Online education is becoming popular due to penetration of digital technologies in the education sector, which has increased interest of many researchers. The aim of intelligent education is to enable intelligent learners in the 21st Century to meet the needs of work and life. Many people prefer to take online education due to its simple accessibility and flexibility of learning.

The growing integration of smart solutions and penetration of social media platforms in the education sector is a major factor that drives the online education market. Online education provides the best path for K-12 and higher education, as it ensures the brightest future. A number of higher education institutions are already reaching out to more learners with the help of non-traditional approaches; this trend will gain traction in the upcoming years.

Online Education Market: Dynamics

The growing adoption of various technologies such as cloud computing and AI, along with Internet penetration in the education sector drives the demand for online education. However, the online education market faces challenges due to uncertainty of educational policies across countries. Slow internet connection and poor connectivity in rural areas negatively impact the growth of the market. It has been observed that smart learning is only accessible on smartphones or computers. Thus, students living in rural areas face challenges to take advantage of online education.

However, the online education market provides a range of benefits to learners, which includes improved teaching or learning experiences, learning accessibility, access to online data and tools, and the viability of using and exchanging knowledge that is likely to drive the growth of the market in the upcoming years. Increasing investments in distance learning platforms to offer significant learning opportunities to students are estimated to boost the online education market during the forecast period.

Online Education Market: Prominent Regions

The online education market in North America is expected to account for largest share during the forecast period due to rising digitalization in the educational sector and presence of major market players in the region. In addition, the U.S. Government has increased investment in the educational sector, which is fuelling the growth of the online education market.

The market in Asia Pacific is likely to expand at the highest CAGR during the forecast period due to adoption of smartphones in developing economies, which has increased enrolment of students in online learning platforms. This factor will further drive the growth of the online education market in the region. The Europe market is projected to rise at a notable CAGR during the forecast period, owing to rising government support for the transformation of traditional learning to advance learning in the region, which leads to growth of the online education market.

Online Education Market: Key Players

Key players operating in the global online education market are Adobe Corporation, Aptara Inc., Blackboard Inc., Docebo, Edmodo, Edukasyon.ph, EduComp Solutions, Excelsoft Technologies Pvt Ltd., Zeus Systems Pvt. Ltd, Simplilearn Solutions, BYJU’S, McGraw-Hill Education, Pearson PLC, MPS Interactive Systems Limited, and Edx Inc.

Global Online Education Market: Segmentation

Online Education Market, by Learning Type

  • Synchronous
  • Asynchronous
  • Hybrid

Online Education Market, by Application

  • Test Preparation
  • Reskilling and Online Certification
  • Language and Casual Learning
  • Primary and Secondary Supplemental Education
  • Higher Education

Online Education Market, by End-user

  • Academic
    • Vocational Training
    • Higher Education
    • K-12
  • Corporate
    • Large Enterprises
    • SMBs
  • Government

Online Education Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • Australia
    • Malaysia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Rest of Middle East & Africa (MEA)
  • South America
    • Brazil
    • Argentina
    • Rest of South America

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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