NEW YORK, March 1, 2023 /PRNewswire/ — The online education market size is expected to grow by USD 148.22 billion from 2022 to 2027. As per the latest report, the market will accelerate at a CAGR of 9.49{af0afab2a7197b4b77fcd3bf971aba285b2cb7aa14e17a071e3a1bf5ccadd6db} during the forecast period. This report aids business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) –download latest sample report!
Online education market 2023-2027: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our online education market report covers the following areas:
Online education market 2023-2027: Vendor analysis
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. are some of the major market participants.
Key vendor offerings
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2U Inc. – The company offers services for online education giving options for technical reskilling in data analytics, UX/UI, cybersecurity, and more.
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Alef Education Consultancy LLC – The company offers services for online education and provide intensive, focused opportunities for upskilling mid-career professionals.
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Aptara Inc. – The company offers services for online education to kids, which include subjects such as mathematics, English language, science, social studies, and Spanish.
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Cengage Learning Inc. – The company offers services for online education that facilitate learning anytime and anywhere with its Cengage Digital app, which delivers supplementary digital resources in the form of assessments.
Online education market 2023-2027: Driver
The standardization of tests will drive market growth during the forecast period. The increasing adoption of advanced technologies, the inefficiency of the traditional education system, and the rising use of customization in content delivery are leading to the standardization of tests. Comprehensive content is available at affordable prices to students. Brands can differentiate themselves based on the provision of value-added services such as soft skills development and career counseling. These factors will fuel the market growth during the forecast period.
Online education market 2023-2027: Segmentation
Get a glance of the market contribution of various segments including country and region wise,historic (2017 to 2021) and forecast market size (2023 to 2027) Download a sample
What`s New for 2023?
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Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
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Global competitiveness and key competitor positions
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Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial
Online education market 2023-2027: Key highlights
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CAGR of the market during the forecast period 2023-2027
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Detailed information on factors that will assist online education market growth during the next five years
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Estimation of the online education market size and its contribution to the parent market
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Predictions on upcoming trends and changes in consumer behavior
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The growth of the online education market
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Analysis of the market’s competitive landscape and detailed information on vendors
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Comprehensive details of factors that will challenge the growth of online education market vendors
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Analyzes competitor’s offerings
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Related reports
The online vocational courses market is estimated to grow at a CAGR of 16.56{af0afab2a7197b4b77fcd3bf971aba285b2cb7aa14e17a071e3a1bf5ccadd6db} between 2022 and 2027. The size of the market is forecasted to increase by USD 21,546.78 million. This report extensively covers market segmentation by type (technical and non-technical), courses (IT and software courses, business management courses, finance and accounting courses, personal development courses, and other courses), and geography (North America, APAC, Europe, South America, and Middle East and Africa).
The online education market in India is estimated to grow at a CAGR of 19.9{af0afab2a7197b4b77fcd3bf971aba285b2cb7aa14e17a071e3a1bf5ccadd6db} between 2022 and 2027. The size of the market is forecasted to increase by USD 3,461.93 million. This report extensively covers market segmentation by end-user (higher education and K-12) and product (content and services).
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Online Education Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.49{af0afab2a7197b4b77fcd3bf971aba285b2cb7aa14e17a071e3a1bf5ccadd6db} |
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Market growth 2023-2027 |
USD 148.22 billion |
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Market structure |
Fragmented |
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YoY growth 2022- 2023 ({af0afab2a7197b4b77fcd3bf971aba285b2cb7aa14e17a071e3a1bf5ccadd6db}) |
8.92 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 33{af0afab2a7197b4b77fcd3bf971aba285b2cb7aa14e17a071e3a1bf5ccadd6db} |
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Key countries |
US, China, India, Germany, UK, Canada, Mexico, Italy,Spain, Japan, Australia, and South Korea |
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Competitive landscape |
Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
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Key companies profiled |
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. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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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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Table of Contents :
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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