Global Online Education Market Report by Type (Academic (Higher Education, Vocational Training, K-12 Education, Others), Corporate (Large Enterprises, SMBs) Government), Provider (Content and Services), Technology (Online e-learning, Learning Management System (LMS), Mobile e-learning, Rapid e-learning, Virtual classroom, and Others), Region and Company Analysis 2024-2032

Global Online Education Market Analysis

Global Online Education Market Size is anticipated to experience a CAGR of 11.67% between 2024 and 2032, reaching an estimated worth of US$ 788.05 Billion by 2032 from US$ 291.73 Billion in 2023.

The emergence of online education has revolutionized conventional learning techniques, garnering global popularity. Technological improvements enable online structures to offer flexible schedules, accessibility, and numerous courses catering to diverse interests and skill capacities. Especially accentuated by the COVID-19 pandemic, the benefit and protection of remote access have propelled its adoption. With establishments, professionals, and newcomers embracing this transformative shift, online education continues to grow, promising more inclusivity and academic possibilities for all.

Global Online Education Market Trends

Expanding internet penetration is poised to strengthen the global online education market by improving accessibility to academic resources and systems. According to a research, as of the beginning of 2024, about 5.35 Billion people have been using the internet, representing 62 percent of the global population. Furthermore, internet utilization keeps rising, with current facts indicating a boom of ninety-seven million customers within the 12 months leading to January 2024. This increasing connectivity, especially in developing areas, allows more human beings to participate in online education, facilitating the dissemination of know-how, allowing remote learning opportunities, and fostering the boom of online academic platforms.

Moreover, the growing use of artificial intelligence and machine learning offers considerable boom possibilities for the online education market. These technologies allow structures to customize, gain knowledge, adapt content material, and provide instantaneous feedback, boosting engagement. They additionally streamline administrative responsibilities, lowering educators' workload and improving efficiency. Leveraging AI and machine learning permits companies to offer tailor-made learning experiences, expanding market possibilities and enhancing instructional outcomes. For example, in 2023, Blueprint Prep debuted an AI-pushed chatbot assisting premed students with the rigorous Critical Analysis and Reasoning Skills (CARS) phase of the Medical College Admission Test (MCAT), providing customized steering to enhance exam readiness.

Besides, government initiatives propel the global online education market by investing in virtual infrastructure knowledge to enhance accessibility, affordability, and exceptionality. Governments foster innovation and deal with instructional disparities through guidelines, packages, and investment, often providing public-private collaboration. India's National Digital Educational Architecture (NDEAR), mounted in the 2021-22 Union Budget, aims to reinforce digital infrastructure and ensure stakeholder autonomy. The PM eVIDYA program, launched in 2020, enhances e-learning accessibility for Indian students and teachers, reaping benefits for 25 crore college students. It also allows the top 100 universities to provide online courses, expanding possibilities for 3.7 Crore more schooling students by easing regulatory frameworks for online education.

Academic segment is considered the most distinguished part of the global online education market

Academic-type vocational training is expected to be the distinguished segment of the global online education market due to its practicality and relevance in the contemporary job market. Focusing on acquiring unique skills and certifications, such applications cater to people searching for career development and professional improvement opportunities in numerous industries.

Mobile e-learning is among the fastest-growing segments of the online education market worldwide

Mobile e-learning is one of the rapidly expanding segments within the global online schooling market. This is due to its convenience and accessibility, facilitated by the enormous use of smartphones and tablets. Today, over 5.4 Billion humans globally have at least one cellular subscription, according to the GSMA, and more than 8.58 Billion mobile subscriptions will be in use worldwide in 2022, as per the International Telecommunication Union (ITU) reports. So, mobile telephones have become ubiquitous equipment for accessing educational content everywhere. This flexibility appeals to busy professionals, college students, and people seeking lifelong knowledge of opportunities. Besides, mobile e-learning platforms regularly offer interactive capabilities and personalized learning experiences, further driving their recognition and growth.

United States appears to be in a strong position to dominate the global online education market

The United States is poised to lead the global online education market due to its robust technological infrastructure, stable instructional establishments, and revolutionary teaching techniques. According to the National Center for Education Statistics (NCES), public faculties enrolled approximately 8.5 million online students in 2021. Another 2.7 million remote learners attended non-public schools, including 1.9 Million at non-profit establishments and nearly 800,000 at for-profit faculties. With a tradition of embracing digital learning solutions, the U.S. is placed to power growth and innovation in the online education sector.

Global Online Education Company News

The global online education market consists of Coursera Inc., Instructure Holding Inc., Adobe Inc., Alphabet Inc., Udemy, Pearsons Inc., Stride Inc., and NetEase Inc.

• In March 2024 - Accenture agreed to acquire Udacity, a pioneer in digital education. Udacity specializes in creating and providing proprietary technology courses that deliver the flexibility of online education with the advantages of human instruction.
• In December 2023 - ACI Learning acquired Infosec Learning, a company that offers high-speed virtual labs and cyber ranges for learning and skill assessment to colleges, universities, businesses, and governments, providing them with intuitive, hands-on, and personalized experiences.
• In November 2023 - Curriculum Associates will expand student-focused AI capabilities by purchasing speech recognition leader SoapBox Labs.
• In November 2023 - Indian ed-tech company Byju is reportedly in advanced talks to sell its U.S. digital reading platform Epic! Creations for approximately US$400 Million to Joffre Capital, a private equity firm. The aim is to secure funds to ease its financial pressures.

Type – Global Online Education Market breakup in 3 viewpoints:

1.    Academic

•    Higher Education
•    Vocational Training
•    K-12 Education
•    Others

2.    Corporate

•    Large Enterprises
•    SMBs

3.    Government

Provider – Global Online Education Market breakup in 2 viewpoints:

1.    Content
2.    Services

Technology – Global Online Education Market breakup in 6 viewpoints:

1.    Online e-learning
2.    Learning Management System (LMS)
3.    Mobile e-learning
4.    Rapid e-learning
5.    Virtual classroom
6.    Others

Country – Global Online Education Market breakup in 25 viewpoints:

1.    North America

1.1    United States
1.2    Canada

2.    Europe

2.1    France
2.2    Germany
2.3    Italy
2.4    Spain
2.5    United Kingdom
2.6    Belgium
2.7    Netherland
2.8    Turkey

3.    Asia Pacific

3.1    China
3.2    Japan
3.3    India
3.4    South Korea
3.5    Thailand
3.6    Malaysia
3.7    Indonesia
3.8    Australia
3.9    New Zealand

4.    Latin America

4.1    Brazil
4.2    Mexico
4.3    Argentina

5.    Middle East & Africa

5.1    Saudi Arabia
5.2    UAE
5.3    South Africa

All the Key players have been covered from 3 Viewpoints:

•    Overview
•    Recent Development
•    Revenue Analysis

Company Analysis:

1.    Coursera Inc.
2.    Instructure Holding Inc.
3.    Adobe Inc.
4.    Alphabet Inc.
5.    Udemy
6.    Pearsons Inc.
7.    Stride Inc.
8.    NetEase Inc.
 

Report Details: