Global Online Education Market

Online Education Market Size, Share, Growth Analysis, By Learning Type(Self-Paced and Instructor-Led), By Component(Laptop, Mobile, PC), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25R2015 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 61 | Figures: 77

Online Education Market News

  • In November 2023, Udemy and Google Cloud will collaborate to provide approved content for cloud experts. Access to top-notch courses on cutting-edge technology like generative AI is made available to learners. In a tech ecosystem that is continually expanding, the collaboration enables certification preparation and skill assessment. The platform offered by Udemy enables flexible learning, empowering people and companies all over the world. 
  • In August 2023, McGraw Hill announced the launch of McGraw Hill Edge, built in association with Edmingle. McGraw Hill Edge is a comprehensive digital learning solution that provides students with the guidance and resources they need to prepare for and excel in competitive exams like the CAT, UPSC, CTET, JEE, and NEET.  
  • In June 2023, Verizon and McGraw Hill improve their augmented reality smartphone app by adding more collaborative tools and a wider range of subjects. Short interactive exercises are offered by the McGraw Hill AR app for K–12 students, and lesson plans are obtainable through Verizon Innovative Learning HQ. New social studies exercises, web editions, compatibility for several languages, and geographical mapping for an immersive experience are among the changes.
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Global Online Education Market size was valued at USD 38.72 billion in 2022 and is poised to grow from USD 48.05 billion in 2023 to USD 270.32 billion by 2031, at a CAGR of 24.10% during the forecast period (2024-2031).

Top Player’s Company Profiles in Online Education Market 'Coursera (USA)', 'Udemy (USA)', 'edX (USA)', 'LinkedIn Learning (USA)', 'Skillshare (USA)', 'Pluralsight (USA)', 'FutureLearn (UK)', '2U (USA)', 'Udacity (USA)', 'Codecademy (USA)', 'Simplilearn (India)', 'Alison (Ireland)', 'MasterClass (USA)', 'Kadenze (USA)', 'Teachable (USA)', 'OpenLearning (Australia)', 'BitDegree (Lithuania)', 'NovoEd (USA)', 'Skillsoft (USA)', 'Treehouse (USA)', 'WizIQ (India)', 'Duolingo (USA)'

The growing number of internet users worldwide has significantly contributed to the growth of the online education market. According to a report by the United Nations, more than half of the world's population is now connected to the internet. This has opened up new opportunities for online education providers to reach a broader audience and offer their services globally.

The reach in the market of online education symbolizes the ability of various online education portals and educational institutions to go beyond geographic limitations, thereby providing learners globally a chance to study courses that differ in nature. The Internet facilitated this trend and changed traditional education, rendering physical limitations irrelevant. This allows students from far-flung or disadvantaged regions as well as various nations to join courseware/courses made available by various institutes worldwide. Such a phenomenon promotes culture exchange, culture convergence, and transnational cooperation in order to make learners adaptable to globalization. More so, professionals and lifelong learners gain specialized skills and knowledge from experts across the globe, leading not only to enhanced employability but also personal growth. Despite remaining challenges such as the digital divide, the pervasiveness of online education signals a revolutionary turn towards an inclusive and inter-connected educational landscape.

By accounting for more than 38% of global revenue in 2022, North America will dominate the market. This is a result of the rapid product and geographic expansion strategy employed by market vendors to gain a competitive edge. The North American market, on the other hand, is anticipated to exhibit a consistent growth trend during the forecast period. Furthermore, it is anticipated that the North American region's digital education will improve as a result of the increased focus on infrastructure, network, and connectivity.

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Global Online Education Market

Report ID: SQMIG25R2015

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