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NEW YORK, Aug. 17, 2022 /PRNewswire/ — The ONLINE EDUCATION MARKET value is set to grow by USD 121.85 billion from 2020 to 2025, as per the latest report by Technavio. The Y-O-Y growth rate of 2021 was estimated at 11.11%. The online education market share growth by the primary and secondary supplemental education segment will be significant during the forecast period. 37% of the market’s growth will originate from APAC during the forecast period. Furthermore, this report extensively covers online education market segmentation by Type (primary and secondary supplemental education (PSSE), reskilling and online certifications (ROC), higher education, test preparation, and language and casual learning (LCL)), and Geography (North America, APAC, Europe, South America, and MEA). The online education market report also offers information on several market vendors, including 2U Inc., Ambow Education Holding Ltd., Coursera Inc., edX Inc., iTutorGroup, LinkedIn Corp., McGraw-Hill Education Inc., Pearson Plc, Udacity Inc., and Udemy Inc. among others. The growing popularity of education apps is one of the key trends supporting the online education market share growth.
Owing to the high cost and limited accessibility associated with traditional printed textbooks, educational institutions are increasingly focusing on online education. Vendors also provide audio-visual content and simulation learning platforms, which can be customized as per 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 a major role in enhancing the demand for online education by various schools and universities.
With the increased digitization of education, the threats related to information security, unwarranted access, and student data privacy have increased. The key reasons for the vulnerability of the educational sector to cyberattacks include the availability of valuable user and organizational data, the lack of a centralized structure for data storage, and the unregulated use of personal digital devices. The major sources of cybersecurity threats to educational content include malware viruses, such as WannaCry, through social media, the virtualization of systems, and the consumerization of IT. Hence, the inadequacy of the cybersecurity measures adopted by educational institutions and individual learners is expected to hamper the growth of the global online education market during the forecast period.
Browse Summary of the ONLINE EDUCATION MARKET Research Report to Learn More
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The report covers the following areas:
DOWNLOAD ONLINE EDUCATION SAMPLE REPORT for FREE to Gain Further Insights
Browse Summary of the K-12 ONLINE EDUCATION MARKET IN CHINA Research Report Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026: The market value is set to grow by USD 18.93 billion, progressing at a CAGR of 15.45% from 2021 to 2026, as per the latest report by Technavio. The increased adoption of online test preparation courses in China is notably driving the K-12 online education market growth in China, although factors such as skewed interaction and socializing opportunities for students may impede market growth.
Browse Summary of the ONLINE HIGHER EDUCATION MARKET IN US Research Report Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026: The market value is set to grow by USD 33.35 billion, progressing at a CAGR of 19.82% from 2021 to 2026, as per the latest report by Technavio. Increased use of wearable gadgets is a premium trend of the online higher education market growth in the US.
Online Education Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Decelerate at a CAGR of 9.24%
Market growth 2021-2025
$ 121.85 billion
Market structure
Fragmented
YoY growth (%)
11.11
Regional analysis
North America, APAC, Europe, South America, MEA, North America, APAC, Europe, South America, and MEA
Performing market contribution
APAC at 37%
Key consumer countries
US, China, Germany, UK, and France
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
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, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization Preview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse for Technavio "CONSUMER DISCRETIONARY MARKET" Research Reports
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Newsroom: https://newsroom.technavio.com/news/online-educationmarket
SOURCE Technavio
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