Online Education Market Size, Industry Trends Report | 2031

Segments - Global Online Education Market By Types (Academic and Corporate), Technologies (Mobile E-learning, Learning Management System, Application Simulation Tool, Rapid E-learning, Podcasts, and Virtual Classrooms), End-users (Higher Education Institutions, K-12 Schools, and Large enterprises), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global online education market size is expected to expand at a CAGR of 12.68% during the forecast period, 2021 – 2028. The growth of the market is attributed to low price of education, rising government initiatives promoting online education, and increased usage of smart phones, internet, and tablets.

Online education is a type of education in which students learn in a virtual setting. The global online education market is growing rapidly with the increasing availability of internet technologies, which allows students from all over the world to access educational information without enrolling in conventional classroom courses, as well as the flexibility of receiving education at any location and any time.

The shift to online learning is expected to catalyze the development of a new and effective mode of student education. Institutions are embracing K12 online education as a tool for delivering lectures to students enrolled in a variety of programs. This factor has the potential to boost the online education market. The online education market is expected to enter a golden era of growth throughout the projected period, due to dynamically changing equations of the model of education as a result of the COVID-19 pandemic.

Market Trends, Drivers, Restraints, and Opportunities:

Drivers

Increasing advancements in artificial intelligence and the Internet of Things (IoT) are expected to continue to improve the user experience on these online education platforms, propelling the market during the projected period.
Growing use of VR and AR technologies and concepts such as online micro-learning as well as changing consumer attitudes towards online education are projected to boost the market during the forecast period.
Increasing internet penetration as well as rising number of smartphones across the globe are estimated to propel the market during the forecast period.

Restraints

Adsorption of theoretical knowledge and a lack of practical knowledge, low teacher control over students, and a lack of online education solutions for the deaf and dumb are projected to hinder the market growth during the forecast period.

Scope of the Report

The report on the global online education market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Global Online Education Market Segment Insights

Based on types, the market is divided into academic and corporate. The academic segment is expected to account for a key share of the market during the forecast period, due to increasing online education platforms offering short term courses for students. Edutech platforms played a key role in assisting physical institutes in their transition to online learning and collaborating with them to provide students with learning support.

On the basis of technologies, the online education market is segregated into mobile e-learning, learning management systems, application simulation tools, rapid e-learning, podcasts, and virtual classrooms. During the projected period, the learning management system market is predicted to continue its dominance with the growing adoption of digital learning. Businesses are concentrating on implementation of learning management systems over mobile phones for seamless training of employees.

In terms of end-users, the market is divided into higher education institutions, k-12 education and large enterprises. During the forecast period, the large enterprises segment is expected to increase by nearly 130 percent. The COVID-19 pandemic resulted in increasingly widespread and permanent changes in work culture and legislation, hence learning and development professionals turned to corporate e-learning to empower and train their employees.

Based on regions, the market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market at a high CAGR during the forecast period, due to favorable initiatives by the regional government to support the online education marketplace and increasing collaborations between educational institutes and online education platforms.

Asia Pacific is anticipated to have the fastest global market development during the forecast period, owing to growing internet penetration and increasing use of mobile devices in emerging economies such as China, India, Malaysia, and South Korea.

Segments

Segments Covered in the Report:
By Types

Academic
Corporate

By Technologies

Mobile E-learning
Learning Management System
Application Simulation Tool
Rapid E-learning
Podcasts
Virtual Classrooms

By End-users

Higher Education Institutions
K-12 Schools
Large enterprises

By Regions

Asia Pacific
North America
Europe, Latin America
Middle East & Africa

By Key Players

Pearson plc
Upgrad
McGraw Hill
Adobe

Competitive Landscape

Pearson plc, Upgrad, McGraw Hill, and Adobe are the major market players in the global online education market. Additionally, several players in the global online education market are expanding their business internationally to fulfill the rising demand. In the recent outbreak of Coronavirus (COVID-19), several educational institutes and online education providers are allowing students to access educational content online.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Online Education Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Online Education Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Online Education Market - Supply Chain
  4.5. Global Online Education Market Forecast
     4.5.1. Online Education Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Online Education Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Online Education Market Absolute $ Opportunity
5. Global Online Education Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Online Education Market Size and Volume Forecast by Types
     5.3.1. Academic
     5.3.2. Corporate
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Online Education Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Online Education Market Size and Volume Forecast by End Users
     6.3.1. Higher Education Institutions
     6.3.2. K-12 Schools
     6.3.3. Large enterprises
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Online Education Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Online Education Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Online Education Demand Share Forecast, 2019-2026
8. North America Online Education Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Online Education Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Online Education Market Size and Volume Forecast by Types
     8.4.1. Academic
     8.4.2. Corporate
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Online Education Market Size and Volume Forecast by End Users
     8.7.1. Higher Education Institutions
     8.7.2. K-12 Schools
     8.7.3. Large enterprises
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Online Education Demand Share Forecast, 2019-2026
9. Latin America Online Education Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Online Education Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Online Education Market Size and Volume Forecast by Types
     9.4.1. Academic
     9.4.2. Corporate
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Online Education Market Size and Volume Forecast by End Users
     9.7.1. Higher Education Institutions
     9.7.2. K-12 Schools
     9.7.3. Large enterprises
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Online Education Demand Share Forecast, 2019-2026
10. Europe Online Education Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Online Education Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Online Education Market Size and Volume Forecast by Types
     10.4.1. Academic
     10.4.2. Corporate
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Online Education Market Size and Volume Forecast by End Users
     10.7.1. Higher Education Institutions
     10.7.2. K-12 Schools
     10.7.3. Large enterprises
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Online Education Demand Share Forecast, 2019-2026
11. Asia Pacific Online Education Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Online Education Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Online Education Market Size and Volume Forecast by Types
     11.4.1. Academic
     11.4.2. Corporate
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Online Education Market Size and Volume Forecast by End Users
     11.7.1. Higher Education Institutions
     11.7.2. K-12 Schools
     11.7.3. Large enterprises
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Online Education Demand Share Forecast, 2019-2026
12. Middle East & Africa Online Education Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Online Education Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Online Education Market Size and Volume Forecast by Types
     12.4.1. Academic
     12.4.2. Corporate
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Online Education Market Size and Volume Forecast by End Users
     12.7.1. Higher Education Institutions
     12.7.2. K-12 Schools
     12.7.3. Large enterprises
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Online Education Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Online Education Market: Market Share Analysis
  13.2. Online Education Distributors and Customers
  13.3. Online Education Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Pearson plc
     13.4.2. Upgrad
     13.4.3. McGraw Hill
     13.4.4. Adobe