Online Education Market Size Expected to Grow at a CAGR over 28.55% from 2018 to 2023 :

Pune, India, May 2021, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Online Education Market.


Overview


The online education market is anticipated to witness healthy growth from 2017 to 2023, a research report suggests. Growing at a CAGR of 28.55%, the market is projected to reach a higher value by 2023. Growing demand to reduce the cost is expected to support the market growth along with increasing government initiatives. As predicted by analysts, the availability of abundant free content will negatively affect the market’s performance from 2017 to 2023. During the forecast period, the market will be supported by increasing penetration of smartphones and the increasing demand for adaptive learning.


Lack of awareness on the other hand will challenge technological learning sector based organizations functioning in the global online education market. Analysts have split the market into products, component, learning type, and products segments based on products and services. Technological learning based companies have been profiled. The lack of developed infrastructure is set to affect the global market during the forecast period 2017 to 2023. The report also provides the market’s performance forecasts till 2023. Strategies of technological learning based companies are studied. The technological learning sector itself is supported by time and location flexibility as well as videos and chat rooms. During the forecast period 2017 to 2023, the online education market is set to witness a healthy growth across products, component, learning type, and products segments as well as regional markets.


Market Segmentation


The technological learning sector has seen growth across products, component, learning type, and products segments owing to cost-efficient features and self-paced courses. To study the market, analysts have further segmented products, component, learning type, and products into hardware (laptop, mobile, PC, and others) and software (Worldclass, Courseplay, Yuja, and others) on the basis of products. The market is further segmented into component sub segment which is split into content (arts, commerce, management, technical, and others) and services (higher education and language, online certification, primary and secondary supplementary education, test preparation, and others). Additionally, the online education market on the basis of learning type is segmented into synchronous (chat, voice, video, and live streaming) and asynchronous (digital curriculum material, discussion boards, e-mail, and social networking). The market is further segmented into products sub segment which is split into higher education, industry and professionals, K-12, and others.


The segmental analysis presented in the report provides technological learning field based organizations insights into key growth factors such as growing investments by companies around the world as well as challenges such as free content the market will face from 2017 to 2023. Increasing emphasis on science education and the advent of BYOD are some of the key factors having an influence on technological learning industry based companies, suggest analysts as per the online education market report. But the report also identifies delay in response timings and digital curriculum material as major threats companies in technological learning will face till 2023. 


Access full report @ https://www.marketresearchfuture.com/reports/online-education-market-3957


Regional Overview


technological learning market based companies in the online education market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. Popularity among end users will be a key growth driver for regional markets. However, growing concerns regarding high cost will turn out to be a threat. For the forecast period 2017 to 2023. Each of these regional markets are studied in the report. Starting from North America, the regional market and technological learning vertical based companies are spread across the United States, Mexico, and Canada.


The growing penetration of alternatives in the market will turn out to be a major challenge from 2017 to 2023. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by highly skilled workforce as well as technological advancements, suggests the report. Similarly, the technological learning sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the online education market covers the Middle East and Africa. The global online education market forecasts based on the findings are presented for the forecast period till 2023.


Competitive Landscape


The global online education market research report brings a comprehensive study of products, component, learning type, and products market segments, regional analysis, and technological learning vertical based company details of key players. As the forecast period 2017 to 2023 will bring new opportunities for the market owing to increasing demand for BYOD and the increasing awareness among consumers, the market is set to grow at a compound annual growth rate of 28.55% and is predicted to reach a significantly higher value by 2023. With SWOT analysis of technological learning sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the lack of skilled human resource and the unavailability of professional services, companies in the technological learning sector can change the way business is done.


Industry News


In the fall, enrolled students in schools will have the option of continuing their education online. During the academic year, the district will start an online school pilot programme for all grades. The pilot programme was created in response to a surge in interest in online learning that began prior to the outbreak. The online pilot is not a continuation of the COVID-19 pandemic-related distant learning. The trial will run for the full school term, however if online education does not work for a kid or his or her family, they can re-evaluate at the conclusion of the term. Students who do not complete the programme will be expected to attend the remainder of the semester.