Online Education Market Research Report Highlights the Key Findings in the Area of Vendor Landscape, Key Market Segments, Regions, and Latest Trends and Drivers

NEW YORK, Nov. 15, 2021 /PRNewswire/ — The latest Online Education Market research report by Technavio infers that the growing advantages of online learning is driving this market’s growth.

Attractive Opportunities in Online Education Market by Type and Geography – Forecast and Analysis 2020-2024

Resulting in a market growth of USD 247.46 billion from 2019 to 2024, For More additional information about the market View FREE sample report.

Vendor Landscape

The market structure is expected to remain fragmented during the forecast period. The report also offers information on several market vendors, including 2U Inc., Ambow Education Holding Ltd., Coursera Inc., edX Inc., iTutorGroup, LinkedIn Corp., McGraw-Hill Education Inc., Pearson Plc, Udacity Inc., and Udemy Inc. among others.

Vendors are deploying growth strategies such as product/service extensions, technological innovations, and M&As to compete in the market.

2U Inc. – In May 2019, 2U Inc. announced the acquisition of Trilogy Education Services Inc., a workforce accelerator that prepares adult learners for high-growth careers in the digital economy.

View more about the market’s vendor landscape highlights with a comprehensive list of vendors and their offerings.

Key Market Segmentation

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Regional Market Outlook

APAC will register the highest growth rate of 34.41% among the other regions. Therefore, the online education market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

China is a key market for online education in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The presence of a large consumer base, increasing awareness about online courses, growing Internet penetration, the adoption of smartphones, the increasing emphasis on technology by educational institutions, and favorable government initiatives will facilitate the online education market growth in APAC over the forecast period.

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Trends Driving the Global Online Education Market

Online learning is in demand owing to the high cost and limited accessibility associated with traditional printed textbooks. Moreover, the availability of various support solutions, such as learning management solution (LMS) and enterprise resource planning (ERP), as well as augmented reality (AR), virtual reality (VR), blended learning solutions, and student assessment software, has further played a major role in enhancing the demand for online education by various schools and universities.

Institutions in the higher education segment use technologies such as AR and VR for activities such as assessments, the distribution of educational content, and the sharing of schedules. This helps students especially from medical science and engineering, which require extensive practical learning. Moreover, educational apps are also witnessing significant traction in diverse learning experiences, such as teaching children with disabilities. These factors will positively impact the market growth.

Find additional information about various other market drivers & trends mentioned in our FREE sample report.

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Online Education Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 18%

Market growth 2020-2024

USD 247.46 billion

Market structure

Fragmented

YoY growth (%)

17.59

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Germany, UK, France, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

2U Inc., Ambow Education Holding Ltd., Coursera Inc., edX Inc., iTutorGroup, LinkedIn Corp., McGraw-Hill Education Inc., Pearson Plc, Udacity Inc., and Udemy Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
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Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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Technavio (PRNewsfoto/Technavio)

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