Industry Outlook On Global Online Education Marketby Knowledge Sourcing Intelligence


Global Online Education Market: Academic Type Holds Significant Share of the Market

Introduction
Online education provides a platform that facilitates learning via the internet. It gives an opportunity to tutors to reach the student who is not able to get enrollment in a traditional class.  According to supply chain studies, the market of global online education is segmented by type, technology, vendor, and end-user. By type, the market is segmented into academic and corporate. By technology, the market is segmented into mobile e-learning, learning management systems (LMS), application simulation tools, rapid e-learning, podcasts, and virtual classroom. By vendor, the market is segmented into service providers and content providers. By end-user, the market is segmented into higher education institutions, K-12 schools, and others.

global online education market


Drivers of Global Online Education Market
The increasing popularity of platforms that facilitate learning through gaming, improvements in IT security, implementation of cloud-based solutions are driving the global online education market growth. Advancements in AI is expected to fuel the growth of the market. Rising demand to reduce the cost of education is propelling market growth. Increasing initiatives of governments across the globe are bolstering the market. The market is expected to grow at a rapid pace on account of increasing penetration of smartphones, tablets, and the internet.

Restraints and Opportunities
The major problem faced by the online education market is the availability of an abundance of free content. The availability of free content on youtube or any other platform attracts more students to it thereby restraining the growth of the market. However, rising demand for adaptive learning is expected to create growth opportunities and increase the global online education market size in the coming years.

Market Segmentation
Geographically, North America holds a significant share of the global online education market share. The market share is projected on account of the high adoption rate of such technologies in the region. The market of Asia Pacific region is expected to grow at a rapid pace owing to rising demand for online education and increasing market players in the region.

By type, the academic sector is expected to have a significant market share owing to the huge number of academic students enrolled in online education. By technology, mobile e-learning is expected to grow at a rapid pace on account of the rising penetration of smartphones and tablets. By vendor, the content providers segment is expected to grow at the rising popularity of online education among tutors to reach more students. By end-user, high education is expected to have a significant market share. However, the K-12 schools' segment is expected to grow owing to the rising popularity of platforms that facilitate learning through gaming.

According to competitive intelligence the global online education market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirements. As a result, they are increasingly integrating with other players. The key players Adobe Systems Inc., Tata Interactive Systems, McGraw-Hill Education, Oracle, SAP SE, Microsoft, Pearson, and Cisco among few others.

Key Questions Answered in This Report:
  • What are the key regions having a significant market share?
  • What are the drivers of the market?
  • What are the restraints and opportunities for the market?
  • Who are the key market players in the market?
  • What is the market segmentation of the global online education market?
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