DUBLIN--(BUSINESS WIRE)--The "Digital Education Market by End User (Individual Learners and Academic Institutions, Enterprise and Government Organizations), Learning Type (Self-paced and Instructor-led Online Education), Course Type, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global digital education market size is projected to grow from USD 8.4 billion in 2020 to USD 33.2 billion by 2025, at a CAGR of 31.4%
Increased internet penetration around the world is driving the demand for the digital education market
Major factors expected to drive the growth of the digital education market include increased internet penetration around the world, reduced infrastructure cost and increased scalability using online learning, and growing demand for microlearning. However, the lack of face-to-face interaction and direct monitoring might hinder the growth of this market. Technological advancements such as virtual classrooms represent a significant opportunity in the near future for the companies that are currently offering online learning services
Based on end-user, the individual learners and academic institutions segment to grow at a higher rate during the forecast period
This segment includes self-motivated individual applicants for the online courses and educational institutes and universities that are availing the online education services for their students. As there are many individuals scattered over the globe that want to learn different subjects, demand for the online courses from individual learners is very high. The flexibility of time and place and comparatively low cost are the two key attraction points for the individual learners that attract them toward the online courses. Universities can greatly improve the effectiveness of their courses by availing online education to their students. Though a large number of universities and educational institutions still run the traditional educational models, many of them are adapting to this change.
Based on learning type, the self-paced online education segment to hold a larger chunk of the digital education market share during the forecast period
Self-paced online education courses do not follow a set schedule; hence, all the learning resources are readily available which gives end users an opportunity to absorb and retain information at a higher rate than in a classroom setting. Self-paced online courses do not require an instructor and student to be available at the same time during the entire course. The instructor can record video or provide content that students can learn from without the involvement of the instructor. Unlike self-paced digital education courses, instructor-led digital education courses follow a particular set of schedules with a specified time for the availability of learning resources for time-bound and effective learning.
Among regions, Asia Pacific to grow at the highest CAGR during the forecast period
Demand for online learning in APAC is growing at a faster pace as governments of countries in this region are taking steps to improve the digital infrastructure and purchasing power of the students in this region is growing rapidly. The region includes countries such as China, Japan, and India. The market size in APAC is expected to grow at the highest rate than any other region considered for the study. The expected growth can be attributed to the high economic growth witnessed by the major countries in this region.
Moreover, the rapid modernization and increased penetration of the Fourth Generation (4G) have accelerated the adoption of online surfers, ultimately leading to the growth of the digital education market in APAC. Increased connectivity is directly impacting the growth and adoption of the digital education market in the region. Moreover, organizations in APAC are rapidly adopting various strategies, including partnerships, collaborations, mergers and acquisitions, and product launches and upgradations to cater to APAC-based learners, and this is expected to boost the growth of the market size in APAC.
Market Dynamics
Drivers
- Increased Internet Penetration Around The World to Drive The Demand for The Global Digital Education Market
- Reduced Infrastructure Cost and Increased Scalability Using Online Learning to Drive The Global Market
- Increasing Demand for Microlearning
Restraints
- Lack of Face to Face Interaction and Direct Monitoring
Opportunities
- Increasing Demand for Game-Based Learning
- Increasing Adoption of Adaptive Learning
Challenges
- Unreliable Infrastructure in Developing Countries
Companies Profiled
- Pluralsight
- Coursera
- EDX
- Iversity
- Udacity
- Futurelearn
- NovoEd
- Udemy
- Xuetangx
- Alison
- Edmodo
- Edureka
- Federica Eu
- Intellipaat
- Jigsaw Academy
- Kadenze
- Khan Academy
- Linkstreet Learning
- Miradax
For more information about this report visit https://www.researchandmarkets.com/r/w0uzhf
