Online Education Market Research Report – Global Forecast till 2026 Trends, Emerging Audience, Profits, Segments and Competitor Landscape | Impact of COVID-19

Market Highlights

Acknowledging the potential, the online education market is demonstrating currently; Market Research Future (MRFR), in its recently published study report asserts that the global online education market will reach USD 423 Bn. by 2023, registering a whopping double digit CAGR of 24 % during the anticipated period (2017 – 2023).

Moreover, the online education market is likely to expand due to the rising demand for adaptive learning. With the sector players exhibiting the addition of advanced tech products, the online education market will expand rapidly during the review period. Besides, the increasing focus of companies on collaborating and product development to attain traction globally. The rising demand to lessen the cost of education, increasing initiatives taken by the government to promote the online education mode has also contributed significantly to the expansion of the market at the global level. However, the availability of enormous content and lack of awareness is an obstacle in the expansion of the market.

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Key Players 

The forefront players of the global online education market Classteacher Learning Systems (India),  Pearson PLC (UK), Lynda.Com (US),  McGraw-Hill Education (US), Aptara Inc. (US), Blackboard Inc. (US), Adobe Systems Inc. (US), Edmodo (US), Docebo (Canada), PowerSchool Group LLC (US), K12 Inc. (US), Tata Interactive Systems (India), Udacity, Inc. (the US), and a few more.

Segmentation:

The MRFR analysis is segmented into four key dynamics for the convenience of understanding;

By Product: Comprises Content and Services among others.

By Learning Types: Synchronous Learning and Asynchronous Learning among others.

By End Users: K-12 Education, Higher Education and Industry & Professional among others.

 By Regions: North America, Europe, APAC and the Rest-of-the-World.

Market Segmentation

The regional segment can be segregated into Asia-Pacific, North America, Europe, and the Rest of the World (RoW). Among all, the North American market sized the maximum market share accounting 43% in 2016 with a market value of USD 1.85 billion. With the presence of developed countries like the US and Canada, the region is well equipped with developed infrastructure, the rising demand for BYOD among the corporates, and expertise in the concerned field are influencing demand for online education in the region. The second position was attained by the APAC region. The Asia-Pacific region acquired the second largest market share is likely to expand at the highest CAGR of 31.28% during the review period. With the presence of fast-developing countries like India and China, the market is likely to expand exponentially during the forecast period. 

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Online Education Market Research Report: Information by Component [Hardware (Laptop, Mobile, PC and others) and Software (Worldclass, Courseplay, Yuja and others)], Product [Content (Technical, Management, Commerce, Arts and others) and Servicers (Primary and Secondary Supplementary Education, Test Preparation, Online Certification, Higher Education and Language and others)], Learning Type [Synchronous (Chat, Voice, Video and Live Streaming) and Asynchronous (Digital Curriculum Material, e-Mail, Discussion Boards, Social Networking)], Vertical (K-12, Higher Education, Industry and Professional and others) and Region (North America, Europe, Asia-Pacific and RoW) – Forecast till 2023

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