Online Education Market Forecasts Accruals of USD 423 Billion By 2023 At 24% of CAGR: Confirms MRFR

PUNE, India, Sept. 7, 2017 /PRNewswire/ -- Market Research Future published a half-cooked research report on "Global Online Education Market Research Report - Forecast to 2023"– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Adobe Systems (U.S.), McGraw-Hill Education (U.S.), Pearson Education (U.K.), Blackboard (U.S.), Lynda.Com (U.S.), Aptara (U.S.), Docebo (Italy), Edmodo (U.S.), PowerSchool Learning (U.S.) and Tata Interactive Systems (India) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Online Education Market.

Online Education Global Market - Overview

The Global Online Education Market is growing with the rapid pace; mainly due to the rising demand for distance learning. According to a recent study report published by the Market Research Future, The global market of Online Education is booming and expected to gain prominence over the forecast period. The global Online Education market is projected to accrual to USD 423 Billion by 2023, at a staggering double digit CAGR of 24 % between 2017 and 2023.

Owing to increasing demand for distance learning and growth of digitization has led to a tremendous increase in the growth of Online Education market. Factors that predominantly drive the market growth are conducive to learning government policies and increasing demand for technical education. Increase in popularity of distance learning is another major factor driving the growth of online education market. Availability of cutting edge infrastructure coupled with the increasing adoption of technological advancements across the globe are some of the other factors fostering the market growth of Online Education market.

Online Education or E learning refers to learning in a 100% virtual environment. Online education can play a major role in developing the education industry overall in terms of money as well as innovation. With growing popularity of internet and many active users, online education market is expected to witness high growth rate during the forecast period. Increasing implementation of IT security and cloud based solutions and rapid growth in digitization are the factors responsible for the growth of online education market.

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Asynchronous learning refers to online spaces where work is supported through the use of digital platforms like threaded discussions or emails. In asynchronous learning, the participants need not be compulsorily online at the time whereas in synchronous learning type, the users need to be online and is moreover like face-to-face learning environment. It involves real-time responses that allow better provision for clarity.

Online Education Market - Competitive Analysis

Players operating in the global Online Education or E learning markets are focusing upon optimized situational awareness for customers and ensure their mission success. The Market appears to be highly competitive and diversified with the presence of large number of players having global presence. To gain the competitive edge and to sustain in the market, these players are heavily investing in R&D, global expansion, advanced technologies and product Launch. Players compete against each other based on factors such as the quality, reliability, cost, and reputation.  Marketers are tapping the growing markets for expansions. Well established players strive to develop a product with adept technology with unrivalled design and features.  Many of the top institutions are doing perfectly well by just focusing on their core business, and that's going to sustain them for a long time.

Online Education Market - Segmentation

The E learning/ Online education Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Product: Comprises Content and Services.

Segmentation By End User: Comprises K-12 Education, Higher Education, Industry & Professional and other. 

Segmentation By Learning Type: Comprises Synchronous and Asynchronous.

Segmentation By Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

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Online Education Market - Regional Analysis

The regional analysis of online education market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to perceive relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, online education market is projected to contribute faster to the growth of revenue backed by increasing demand for distance learning and growing demand for technical education in countries such as Japan, China and India. The availability of low-cost post-graduation courses has resulted in the rapid growth of online education market in the region.

The major growth in online education market in North America is attributed to technical advancements and increasing use of internet, mobiles and tablets in that region.

Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of online education market. In Europe, the rising demand for dynamic learning environment is the major driving factor for the growth of online education market.

Online education market in the South America region is anticipated to witness relatively slower market growth. However, Brazil and Argentina among other countries are projected to witness slow yet steady growth. Online education market in Middle East and Africa occupies a relatively smaller pie of the global online education market.

Browse Related Report

Smart Education and Learning Market is expected to grow at approximately USD 952 Billion by 2023, at 26% of CAGR between 2017 and 2023

https://www.marketresearchfuture.com/reports/smart-education-and-learning-market-2870

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