Global Online Education Market

Global Online Education Market Size, Share, Growth Analysis, By Learning Type(Self-Paced and Instructor-Led), By Component(Laptop, Mobile) - Industry Forecast 2024-2031

Report ID: SQMIG25R2015 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 61 | Figures: 77

Global Online Education Market Regional Insights

By accounting for more than 38% of global revenue in 2022, North America will dominate the market. This is a result of the rapid product and geographic expansion strategy employed by market vendors to gain a competitive edge. The North American market, on the other hand, is anticipated to exhibit a consistent growth trend during the forecast period. Furthermore, it is anticipated that the North American region's digital education will improve as a result of the increased focus on infrastructure, network, and connectivity.

Over the forecast period, the Asia Pacific market is anticipated to have the highest CAGR. Due to the high smartphone ownership rates in emerging economies in the Asia Pacific region, there is considerable potential for the broad adoption of digital education. This is one of the key elements that experts believe will soon increase demand for digital education in this area. For instance, Nirmala Sitharaman, the union finance minister, introduced the PM eVidya Programme in India in May 2022 with the goal of promoting digital education in that country. It was decided to give teachers and students unrestricted access to digital learning.

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Global Online Education Market size was valued at USD 38.72 billion in 2022 and is poised to grow from USD 48.05 billion in 2023 to USD 270.32 billion by 2031, at a CAGR of 24.10% during the forecast period (2024-2031).

Top Player’s Company Profiles in Global Online Education Market 'Coursera (USA)', 'Udemy (USA)', 'edX (USA)', 'LinkedIn Learning (USA)', 'Skillshare (USA)', 'Pluralsight (USA)', 'FutureLearn (UK)', '2U (USA)', 'Udacity (USA)', 'Codecademy (USA)', 'Simplilearn (India)', 'Alison (Ireland)', 'MasterClass (USA)', 'Kadenze (USA)', 'Teachable (USA)', 'OpenLearning (Australia)', 'BitDegree (Lithuania)', 'NovoEd (USA)', 'Skillsoft (USA)', 'Treehouse (USA)', 'WizIQ (India)', 'Duolingo (USA)'

The growing number of internet users worldwide has significantly contributed to the growth of the online education market. According to a report by the United Nations, more than half of the world's population is now connected to the internet. This has opened up new opportunities for online education providers to reach a broader audience and offer their services globally.

The reach in the market of online education symbolizes the ability of various online education portals and educational institutions to go beyond geographic limitations, thereby providing learners globally a chance to study courses that differ in nature. The Internet facilitated this trend and changed traditional education, rendering physical limitations irrelevant. This allows students from far-flung or disadvantaged regions as well as various nations to join courseware/courses made available by various institutes worldwide. Such a phenomenon promotes culture exchange, culture convergence, and transnational cooperation in order to make learners adaptable to globalization. More so, professionals and lifelong learners gain specialized skills and knowledge from experts across the globe, leading not only to enhanced employability but also personal growth. Despite remaining challenges such as the digital divide, the pervasiveness of online education signals a revolutionary turn towards an inclusive and inter-connected educational landscape.

By accounting for more than 38% of global revenue in 2022, North America will dominate the market. This is a result of the rapid product and geographic expansion strategy employed by market vendors to gain a competitive edge. The North American market, on the other hand, is anticipated to exhibit a consistent growth trend during the forecast period. Furthermore, it is anticipated that the North American region's digital education will improve as a result of the increased focus on infrastructure, network, and connectivity.

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Global Online Education Market

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