Global Online Education Market was valued at USD 29.45 Billion in 2019 and is expected to reach over USD 205.4 Billion by 2026, growing at a CAGR of around 32.7% during the forecast period from 2020 to 2026. Online Education is a method of imparting knowledge to pupils via electronic media such as videos, audio, e-books, augmented reality/virtual reality, or any other electronic medium. Students gain from online education since it lowers the cost of education and allows them to learn specialized courses. Furthermore, because it improves employee performance, e-learning has become a vital aspect of the majority of firms. For example, according to IBM statistics, using online education software to provide employees with an excellent opportunity to engage in their training courses at any convenient moment can enhance productivity by 50%.
The market is expected to rise due to an increase in remote learning during the pandemic and desire for low-cost, easy learning systems. In addition, surge in use of AI and machine learning in online education system boost the growth of the market across the globe. However, problems such as the lack of face-to-face contacts in E-learning systems and the requirement for more self-motivation are limiting the growth of the online education.
The top Leading Market Players Covered in this Report are : Lynda.Com, Pearson PLC, McGraw-Hill Education, Blackboard Inc., Aptara Inc., Adobe Systems Inc., Docebo, Edmodo, PowerSchool Group LLC, Tata Interactive Systems among others..
With the advent of COVID-19, it is now more crucial than ever to understand its effects on overall market growth to make better decisions that will allow investors to stay ahead of the competition. Zion Market Research’s most recent report included a thorough influence analysis of the COVID-19 pandemic on the current market situation, its impact on overall profit-making.
Market Segmentation By Types – Elementary Education (Grades 1-5), Junior High Education (Grades 6-8), Senior High Education (Grades 9-12)
Market Segmentation By Application – Teacher, Student, Parents
Global Online Education market Witness Most Promising Rise in Demand
According to a recent industry analysis published by Zion Market Research, the worldwide Online Education market would grow at a healthy rate throughout the forecast year. Rapid technological advancements, rising investment in research & development, and rising demand from a variety of end-users are just a few of the factors that will propel the global Online Education industry forward. The research focuses on important market categories and geographies, providing in-depth information on the latest trends, revenue, and prospects in the global Online Education market.
The most recent market research provides a detailed study of ten leading industry players who control about half of the Online Education market. These market participants were chosen based on market share, business categories, net revenue, product portfolio, R&D investment, subsidiaries, and geographic presence, among other variables. Investors will benefit from a detailed analysis of significant market participants to better understand the current market situation, industry rivalry, market-dominating businesses, and their future investment plans. This will aid investors who are already in the market or who are planning to enter it in order to make better decisions.
The report examined various market segments in order to provide a comprehensive picture of the industry. The segment analysis is based on in-depth research of current market trends, product demand, and future trends that will propel a certain market segment’s growth throughout the forecast period. Investors might focus on a certain market sector that will contribute to the organization’s speedy growth by studying the nuances of market segments.
Major geographical regions such as North America, Europe, Asia Pacific, Latin America, the Middle East & Africa are covered in the global Online Education market study. The research looks at current & future growth forecasts, untapped markets at the country level, consumption scenarios, product demand, and market growth variables in the region.
The study on the global Online Education market by Zion Market Research was generated using extensive secondary research, which is backed up by primary research. All the data gathered through secondary research is a collection from reliable sources such as SEC filings, yearly reports, various institutions, and government websites. A top-down and bottom-up methodology has also been employed to forecast the market size of the worldwide Online Education market for the forecast period of 2021-2027. Furthermore, the research analyst has designed a report that will allow the user to readily comprehend the industry by employing an analytical method and a complete examination of the market.
Why should buy this report from Zion?
This recently published report on the global Online Education market enables users to comprehend competition analysis, key market segments, revenue sources, and current market trends. Each chapter in the study is arranged in a logical order to provide a better understanding of the market. Each of the statistical analyses presented in the study is backed up by data gathered from reliable sources, allowing for a clearer picture of the market.