Online Education Market to grow at a CAGR of 18% from 2019 to 2024 |17000+ Technavio Reports
NEW YORK, Nov. 11, 2021 /PRNewswire/ -- Technavio's latest offering, the Online Education Market report provides a detailed analysis of the competitive scenario and the market growth across various regions. The online education market is estimated to grow by USD 247.46 billion from 2019 to 2024, growing at a CAGR of over 18%.
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Market Dynamics
Factors such as the growing advantages of online learning and rapid penetration of internet-enabled devices will drive the growth of the Online Education Market.
Company Profiles
The online education market report includes information on the product launches, sustainability, and prospects of leading 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.
Some Companies with Key Offerings
- 2U Inc., -The company offers a line of low-cost tools to help students better engage in online learning.
- Ambow Education Holding Ltd. - The company offers a line of courses related to school education, tutoring services, international education programs, and online educational offerings through its business segment K-12 Education.
- Coursera Inc. - The company offers online courses including free courses and university degrees at a breakthrough price.
Competitive Analysis
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentation
- By Type, the market is classified into Higher education, Test preparation, Language and casual learning, Prim & sec supplemental edu., and Reskilling & online certifications.
- By Geography, the market is classified as North America, APAC, Europe, South America, and MEA. APAC will have the largest share of the market.
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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. |
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