COVID 19 Impact on Global Online education market: Ken Research

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Product overview

Online education is a learning system that relies on the Internet for interaction and distribution of course material between students and teachers. Factors such as a reduction in education cost, increasing government initiatives supporting online education, and increasing usage of smartphones and the internet connectivity affect the online education market. The market is also expected to be rise due to the increasing demand for adaptive learning.

Market Highlights

Global Online Education Market size grew at USD 187.877 billion in 2019 and is expected to grow at USD XXX billion by the forecasted period at a CAGR of XX% from 2020-2030 due to increasing usage of the internet along with the globe. Growing cloud-based adoption with huge investments by key players is expected to give rise to the market. Advancements in the field of artificial intelligence and rapid growth of the Internet of Things will also continue to enhance the user experience on these online education platforms.

Recent Highlights in Online education market

Taobao, an e-commerce platform owned by Alibaba, is seeking to penetrate China’s already crowded online tutoring market with a massive plan aimed at connecting more than 1,000 online education service providers with 100 million new students by 2023.

Online education market: Segments

The Online education market can be segmented on the basis of type, technology, vendor, end-user, and region.

By Type, it can be classified into the academic and corporate sectors.

By Technology it can be segmented into Mobile E-learning, Learning Management System, Application Simulation Tool, Rapid E-learning, Podcasts, and Virtual Classrooms.

By Vendor it can be further segmented into service provider and content provider. It is dominated by the content segment due to the increased emphasis on science education in schools, which have been inclined towards online courses offering all bachelor’s, masters, and doctoral degrees globally.

By End-User we can classify the online education market into higher education institutions, k-12 schools, and others. The higher education system dominates the segment due to its popularity among the end-users when it comes to online education. It provides facilities such as videos, chat rooms, and online counseling sessions along with time and location flexibility and cost-efficient features.

Online education market: Drivers and Restraints

Increased demand for internet and smartphones to drive the market growth

The factors responsible for the growth of the online education market include increasing adoption of the Internet and smartphone users and raising awareness about the e-learning and online education industry. The government’s initiatives to promote digital education infrastructure is also a driving force of the market. Online education eliminates the infrastructure cost and offers various courses on demand. It is aided with the cloud which makes the study material accessible from anywhere and at any time. Value-added services like live projects, career counseling sessions, and group discussions offered with the regular courses also enhances the user’s experience.

The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.

Insufficient formal recognition and unawareness acts as a restraint in the market

Lack of formal accreditation and formal recognition along with less abundance and awareness of free content are the challenges faced by the online education market on a global scale.

Global Online Education Market: Regions

The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.

North America held the largest market share of Global online education market, though APAC is projected to overtake it during the forecast period due to the rising internet connectivity along with rising mobile phone users in emerging economies such as China, Malaysia, India, and South Korea.

Global online education market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities-o-Y Growth, CAGR – United Statesand Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Global Online Education Market: Key players

Lynda.com

Business Strategy

Key Product Offerings

Financial Performance

Key Performance Indicators

Risk Analysis

Recent Development

Regional Presence

SWOT Analysis

Pearson PLC

Blackboard Inc.

Tata Interactive systems

K12 Inc.

Classteacher learning system

Udacity Inc.

Edmodo

Docebo

Adobe Systems Inc.

Global Online Education Market report also contains analysis on:

Online education market segments:-

By type:

Academic

Corporate

By technology:

Mobile E-learning

Learning Management System

Application Simulation Tool

Rapid E-learning

Podcasts

Virtual Classrooms

By vendor:

Service provider

Content provider

By end-user:

Higher education institutions

K-12 school

Others

Global Online education market dynamics

Global Online education market size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

FAQs on online education market

Which segment is anticipated to hold the largest market share?

At what CAGR is the market anticipated to grow between 2020 and 2030?

Who are the key players in Global online education Market?

What could be the challenging factors for the growth of Global online education market?

What are the growth drivers for Global online education market?

For More Information on the Research Report, refer to below links: –

Global Online education market Future Growth

Related Report:-

Global K-12 Online Education Market 2020 by Company, Regions, Type and Application, Forecast to 2025

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

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