The global online education market is projected to witness a compound annual growth rate of 10.26% during the forecast period to reach a total market size of US$286.62 billion by 2023, increasing from US$159.52 billion in 2017. Platforms that facilitate learning through gaming are gaining popularity. Improvements in IT security and implementation of cloud based solutions has increased the adoption rate of online education system as now, people can enjoy a smooth learning experience on safe online platforms. Advancements in the field of artificial intelligence are expected to further boost the growth rate of the online education market. Geographically, North America leads the way for the online education market, owing to the high adoption rate of such technologies in the region, closely followed by Asia-Pacific which is bound to become a major market in the upcoming years.
The report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segments which have been covered as part of the report.
The next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides global and regional regulations which are determining the market growth and industry value chain analysis of the global online education market. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.
The major players discussed in this report include Adobe Systems Inc., Tata Interactive Systems, McGraw-Hill Education, Oracle, SAP SE, Microsoft, Pearson, and Cisco among few others.
In the report, global Online Education market has been segmented by type, technology, vendor, end-user, and geography:
Learning Management System (LMS)
Application Simulation Tool
Higher education institutions
Middle East and Africa (MEA)
Asia Pacific (APAC)