LONDON--(BUSINESS WIRE)--Technavio announces the release of its latest report on the online education market. The market is segmented by type (primary and secondary supplemental education, reskilling and online certifications, higher education, test preparation, and language and casual learning) and geography (APAC, Europe, MEA, North America, and South America). The report offers an in-depth analysis of recent developments, changes in market regulations, product approvals, product launches, and market behavior across various segments.
Online Education Market: Key Findings
- Online education market value to grow by USD 247.46 billion at over 18% CAGR during 2020-2024
- 34% of market growth to originate from APAC during the forecast period
- Based on the type, the primary and secondary supplemental education segment will offer maximum opportunities for vendors during the forecast period
- Online education market is expected to have a positive impact due to the spread of COVID-19
Online Education Market: Growth Drivers
The advantages of online learning is one of the prime factors driving the growth of the market. In addition, the rapid penetration of internet-enabled devices will further boost market growth during the forecast period.
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Online Education Market: Major Vendors
2U Inc. operates its business through segments such as Graduate Program and Alternative Credential. The company offers a line of low-cost tools to help students better engage in online learning.
Ambow Education Holding Ltd.
Ambow Education Holding Ltd. operates its business through segments such as Better Schools, Better Jobs, and Others. The company offers a line of courses related to school education, tutoring services, international education programs, and online educational offerings through its business segment K-12 Education.
Coursera Inc. operates its business through segments such as For Campus, For Government, and For Enterprise. The company offers online courses including free courses and university degrees at a breakthrough price.
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