Global Online Education Market 2024-2028
The online education market is forecasted to grow by USD 111.01 bn during 2023-2028, accelerating at a CAGR of 9.77% during the forecast period. The report on the online education market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing advantages of online learning, rapid penetration of internet-enabled devices, and increasing focus on language learning.
Technavio's online education market is segmented as below:
By Application
- Primary & secondary supplemental education
- Reskilling & online certifications
- Higher edu.
- Test preparation
- Language & casual learning
By End-user
- Academic
- Corporate
- Government
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the growing adoption of apps and wearables for online education as one of the prime reasons driving the online education market growth during the next few years. Also, the growing popularity of online microlearning and the emergence of cloud computing will lead to sizable demand in the market.
The report on the online education market covers the following areas:
- Online education market sizing
- Online education market forecast
- Online education market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading online education market vendors that include 2U Inc., Alison, Cengage Learning Inc., Chegg Inc., Codecademy LLC, Coursera Inc., Docebo Inc., Global University Systems, Instructure Holdings Inc., Khan Academy Inc., LinkedIn Corp., Pearson Plc, Pluralsight LLC, PowerSchool Holdings Inc., Simplilearn, SkillShare Inc., Skillsoft Corp., Teachable Inc., Thinkific Labs Inc, Udacity Inc., Udemy Inc., and Treehouse Island Inc. Also, the online education market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.