Online Education Market size to grow by USD 148.22 billion from 2022 to 2027, The market is fragmented due to the presence of prominent companies like 2U Inc., Alef Education Consultancy LLC and Ambow Education Holding Ltd., and many more - Technavio

NEW YORK, Oct. 11, 2023 /PRNewswire/ -- The online education market is estimated to grow by USD 148.22 billion from 2022 to 2027, growing at a CAGR of 9.49%. The online education market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer online education market are 2U Inc., Alef Education Consultancy LLC, Ambow Education Holding Ltd., Aptara Inc., Cengage Learning Inc., Coursera Inc., edX LLC, General Assembly Space Inc., Instructure Holdings Inc., ITS EDUCATION ASIA, iTutorGroup Ltd., iversity Learning Solutions GmbH, LinkedIn Corp., McGraw Hill Education Inc., Online Education Pty. Ltd., Pearson Plc, Pluralsight Inc., Think and Learn Pvt. Ltd., Udacity Inc., and Udemy Inc. The report provides a full list of key companies, their strategies, and the latest developments. Download Free Sample before buying

Company Offering:

• 2U Inc. - The company offers services for online education giving options for technical reskilling in data analytics, UX/UI, cybersecurity, and more.
• Alef Education Consultancy LLC - The company offers services for online education providing intensive, focused opportunities for upskilling mid-career professionals.
• Ambow Education Holding Ltd. - The company offers services for online education to primary and secondary schools to enhance their education services, as well as sharing educational resources with hundreds of schools every year.
• For details on companies and their offerings – Buy the report!

By Geography, the market is classified as North America, APAC, Europe, South America, Middle East and Africa.

• North America is projected to account for 33% of the market's growth by 2027. To ensure flexibility in academia, companies are taking advantage of new technologies. The US leads the market for internet education in this region. The increased acceptance of degrees via the Internet has a significant impact on the country's market. In addition, the replacement of notebooks and desktops is due to the increasing demand for smartphones and tablets.

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• Impactful driver- Standardization of tests
• Key Trend - Apps and wearables for online education
• Major Challenges - Inadequate cybersecurity measures

 Market Segmentation

• By Type, the market is classified into primary and secondary supplemental education, reskilling and online certifications, higher education, test preparation, and language and casual learning. The market share growth by the primary and secondary supplemental education segments will be significant during the forecast period. A subscription model is used for online courses offered in this segment, with the possibility of students to choose from a range of content depending on their needs. Moreover, educational institutions are also providing targets, rules, feedback systems, and optional participation for game e-Learning Digital education.

Technavio Research experts have provided more insights on the market share of segments - View Free Sample Report

Related Reports

The smart education market size is estimated to grow at a CAGR of 17.98% between 2022 and 2027. The market size is forecast to increase by USD 353.17 billion.

The Europe-E-learning market size is estimated to grow at a CAGR of 15.68% between 2023 and 2027. The market size is forecast to increase by USD 49.81 billion.

TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Type

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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SOURCE Technavio