Online Education Market - Growing Advantages of Online Learning to Boost Growth, what are the Growth Strategies of Top Players (2U Inc., edX Inc., Udacity Inc., and More) to Compete in the Market?
NEW YORK, Aug. 17, 2022 /PRNewswire/ -- The ONLINE EDUCATION MARKET value is set to grow by USD 121.85 billion from 2020 to 2025, as per the latest report by Technavio. The Y-O-Y growth rate of 2021 was estimated at 11.11%. The online education market share growth by the primary and secondary supplemental education segment will be significant during the forecast period. 37% of the market's growth will originate from APAC during the forecast period. Furthermore, this report extensively covers online education market segmentation by Type (primary and secondary supplemental education (PSSE), reskilling and online certifications (ROC), higher education, test preparation, and language and casual learning (LCL)), and Geography (North America, APAC, Europe, South America, and MEA). The online education market 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. The growing popularity of education apps is one of the key trends supporting the online education market share growth.
Major Market Forces
- Growing advantages of online learning
Owing to the high cost and limited accessibility associated with traditional printed textbooks, educational institutions are increasingly focusing on online education. Vendors also provide audio-visual content and simulation learning platforms, which can be customized as per the school's curriculum. 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.
- Outbreak of COVID -19 globally
- Rapid penetration of Internet-enabled devices
Top 3 Challenges that Could Hamper Growth
- Inadequate cybersecurity measures
With the increased digitization of education, the threats related to information security, unwarranted access, and student data privacy have increased. The key reasons for the vulnerability of the educational sector to cyberattacks include the availability of valuable user and organizational data, the lack of a centralized structure for data storage, and the unregulated use of personal digital devices. The major sources of cybersecurity threats to educational content include malware viruses, such as WannaCry, through social media, the virtualization of systems, and the consumerization of IT. Hence, the inadequacy of the cybersecurity measures adopted by educational institutions and individual learners is expected to hamper the growth of the global online education market during the forecast period.
- Limited demand from developing economies
- Accreditation and recognition issues with online certificates
Browse Summary of the ONLINE EDUCATION MARKET Research Report to Learn More
Online Education Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The report covers the following areas:
Online Education Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist online education market growth during the next five years
- Estimation of the online education market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the online education market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of online education market, vendors
DOWNLOAD ONLINE EDUCATION SAMPLE REPORT for FREE to Gain Further Insights
Related Reports:
Browse Summary of the K-12 ONLINE EDUCATION MARKET IN CHINA Research Report Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026: The market value is set to grow by USD 18.93 billion, progressing at a CAGR of 15.45% from 2021 to 2026, as per the latest report by Technavio. The increased adoption of online test preparation courses in China is notably driving the K-12 online education market growth in China, although factors such as skewed interaction and socializing opportunities for students may impede market growth.
Browse Summary of the ONLINE HIGHER EDUCATION MARKET IN US Research Report Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026: The market value is set to grow by USD 33.35 billion, progressing at a CAGR of 19.82% from 2021 to 2026, as per the latest report by Technavio. Increased use of wearable gadgets is a premium trend of the online higher education market growth in the US.
Online Education Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 9.24% |
Market growth 2021-2025 |
$ 121.85 billion |
Market structure |
Fragmented |
YoY growth (%) |
11.11 |
Regional analysis |
North America, APAC, Europe, South America, MEA, North America, APAC, Europe, South America, and MEA |
Performing market contribution |
APAC at 37% |
Key consumer countries |
US, China, Germany, UK, and France |
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, and market condition analysis for the forecast period. |
Customization Preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio "CONSUMER DISCRETIONARY MARKET" Research Reports
Table of Contents:
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value Chain Analysis: Education services
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 15: Type - Market share 2020-2025 (%)
- 5.2 Comparison by Type
- Exhibit 16: Comparison by Type
- 5.3 Primary and secondary supplemental education (PSSE) - Market size and forecast 2020-2025
- Exhibit 17: Primary and secondary supplemental education (PSSE) - Market size and forecast 2020-2025 ($ billion)
- Exhibit 18: Primary and secondary supplemental education (PSSE) - Year-over-year growth 2020-2025 (%)
- 5.4 Reskilling and online certifications (ROC) - Market size and forecast 2020-2025
- Exhibit 19: Reskilling and online certifications (ROC) - Market size and forecast 2020-2025 ($ billion)
- Exhibit 20: Reskilling and online certifications (ROC) - Year-over-year growth 2020-2025 (%)
- 5.5 Higher education - Market size and forecast 2020-2025
- Exhibit 21: Higher education - Market size and forecast 2020-2025 ($ billion)
- Exhibit 22: Higher education - Year-over-year growth 2020-2025 (%)
- 5.6 Test preparation - Market size and forecast 2020-2025
- Exhibit 23: Test preparation - Market size and forecast 2020-2025 ($ billion)
- Exhibit 24: Test preparation - Year-over-year growth 2020-2025 (%)
- 5.7 Language and casual learning (LCL) - Market size and forecast 2020-2025
- Exhibit 25: Language and casual learning (LCL) - Market size and forecast 2020-2025 ($ billion)
- Exhibit 26: Language and casual learning (LCL) - Year-over-year growth 2020-2025 (%)
- 5.8 Market opportunity by Type
- Exhibit 27: Market opportunity by Type
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 29: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 30: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 31: North America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
- 7.4 APAC - Market size and forecast 2020-2025
- Exhibit 33: APAC - Market size and forecast 2020-2025 ($ billion)
- Exhibit 34: APAC - Year-over-year growth 2020-2025 (%)
- 7.5 Europe - Market size and forecast 2020-2025
- Exhibit 35: Europe - Market size and forecast 2020-2025 ($ billion)
- Exhibit 36: Europe - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 37: South America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 39: MEA - Market size and forecast 2020-2025 ($ billion)
- Exhibit 40: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 41: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 42: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 43: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Landscape disruption
- Exhibit 45: Landscape disruption
- Exhibit 46: Industry risks
- 9.2 Competitive Scenario
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 47: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 48: Market positioning of vendors
- Exhibit 49: 2U Inc. - Overview
- Exhibit 50: 2U Inc. - Business segments
- Exhibit 51: 2U Inc. - Key offerings
- Exhibit 52: 2U Inc. - Segment focus
- Exhibit 53: Ambow Education Holding Ltd. - Overview
- Exhibit 54: Ambow Education Holding Ltd. - Business segments
- Exhibit 55: Ambow Education Holding Ltd. - Key offerings
- Exhibit 56: Ambow Education Holding Ltd. - Segment focus
- Exhibit 57: Coursera Inc. - Overview
- Exhibit 58: Coursera Inc. - Product and service
- Exhibit 59: Coursera Inc. - Key offerings
- Exhibit 60: edX Inc. - Overview
- Exhibit 61: edX Inc. - Product and service
- Exhibit 62: edX Inc. - Key offerings
- Exhibit 63: iTutorGroup - Overview
- Exhibit 64: iTutorGroup - Product and service
- Exhibit 65: iTutorGroup - Key offerings
- Exhibit 66: LinkedIn Corp. - Overview
- Exhibit 67: LinkedIn Corp. - Product and service
- Exhibit 68: LinkedIn Corp. - Key offerings
- Exhibit 69: LinkedIn Corp. - Segment focus
- Exhibit 70: McGraw-Hill Education Inc. - Overview
- Exhibit 71: McGraw-Hill Education Inc. - Business segments
- Exhibit 72: McGraw-Hill Education Inc. - Key offerings
- Exhibit 73: McGraw-Hill Education Inc. - Segment focus
- Exhibit 74: Pearson Plc - Overview
- Exhibit 75: Pearson Plc - Business segments
- Exhibit 76: Pearson Plc - Key offerings
- Exhibit 77: Pearson Plc - Segment focus
- Exhibit 78: Udacity Inc. - Overview
- Exhibit 79: Udacity Inc. - Product and service
- Exhibit 80: Udacity Inc. - Key offerings
- Exhibit 81: Udemy Inc. - Overview
- Exhibit 82: Udemy Inc. - Product and service
- Exhibit 83: Udemy Inc. - Key offerings
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
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Newsroom: https://newsroom.technavio.com/news/online-educationmarket
SOURCE Technavio
Share this article