NEW YORK, Feb. 23, 2022 /PRNewswire/ — The online education market share is expected to increase by USD 121.85 billion from 2020 to 2025. However, the growth momentum is likely to decelerate at a CAGR of 9.24% as per the latest market report by Technavio. The online education market is fragmented and the vendors are deploying growth strategies such as conducting research and training programs to compete in the market. 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.
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Online Education Market: Growing advantages of online learning to drive growth
The key factor driving growth in the online education market is the growing advantages of online learning. 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.
Online Education Market: Growing popularity of education apps to act as a major trend
The growing popularity of education apps is one of the key trends supporting the online education market share growth. Educational apps are witnessing significant traction in diverse learning experiences, such as teaching children with disabilities. With education apps, these children can access a range of content, using the built-in features of devices. There are also many apps in areas such as text-to-speech reading, dyslexia, ADHD, and autism. Institutions in the higher education segment use apps for activities such as assessments, the distribution of educational content, and the sharing of schedules. Furthermore, technological developments such as AR and VR have resulted in the evolution of numerous learning apps, especially for students pursuing education in subjects such as medical science and engineering, which require extensive practical learning.
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Online Education Market: Segmentation Analysis
This market research report segments the online education market by Product (Primary and secondary supplemental education (PSSE), Reskilling and online certifications (ROC), Higher education, Test preparation, and Language and casual learning (LCL)), 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).
Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the online education market size and actionable market insights on each segment.
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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
USD 121.85 billion
Market structure
Fragmented
YoY growth (%)
11.11
Regional analysis
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, market condition analysis for the forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Content
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Type
Market segments
Comparison by Type
Primary and secondary supplemental education (PSSE) – Market size and forecast 2020-2025
Reskilling and online certifications (ROC) – Market size and forecast 2020-2025
Higher education – Market size and forecast 2020-2025
Test preparation – Market size and forecast 2020-2025
Language and casual learning (LCL) – Market size and forecast 2020-2025
Market opportunity by Type
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
North America – Market size and forecast 2020-2025
APAC – Market size and forecast 2020-2025
Europe – Market size and forecast 2020-2025
South America – Market size and forecast 2020-2025
MEA – Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
2U Inc.
Ambow Education Holding Ltd.
Coursera Inc.
edX Inc.
iTutorGroup
LinkedIn Corp.
McGraw-Hill Education Inc.
Pearson Plc
Udacity Inc.
Udemy Inc.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
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