The Digital Education market size was valued at USD 19.0 Billion in 2023 and is expected to reach USD 140.3 Billion by 2031 and grow at a CAGR of 28.4% over the forecast period 2024-2031.
Digital education is a creative approach to learning and teaching that makes use of digital resources and technology. e-Learning or technologically enhanced learning are other names for this type of instruction (TEL). Various immersive and hybrid methodologies are utilized to offer to learn. It offers both flipped classrooms, in which online activities are examined and ended utilizing real-world scenarios for in-depth study, and face-to-face interactions with online events. Students may learn at their own speed and from any location that is convenient for them thanks to digital education. It is often employed in both commercial organizations and academic and research institutions.
Get more information on Digital Education Market - Request Sample Report
KEY DRIVERS:
Internet usage growth will fuel demand for the worldwide market.
Using online learning, infrastructure costs may be reduced and scalability can be raised.
increased flexibility, convenience, and effectiveness.
increasing interest in microlearning.
RESTRAINTS:
Absence of direct supervision and face-to-face communication.
The adoption of digital learning is hampered by technical problems, a lack of applications, and increased screen time.
OPPORTUNITY:
Growing interest in game-based education.
Increasing interest in using adaptive learning.
CHALLENGES:
Infrastructure in emerging nations that are unreliable.
Instructors need additional training for online learning.
Schools all across the world have been closed as a result of COVID-19. Over billions of youngsters are not in school worldwide. Since online learning has been demonstrated to boost information retention and take less time, it is possible that the alterations the coronavirus generated may persist. As a result, education has undergone a significant transformation thanks to the unique emergence of e-learning. Some wonder if online learning will continue to be accepted post-pandemic, and how such a transition will affect the global education industry in light of the rapid shift away from the classroom in many parts of the world.
MARKET ESTIMATION:
The digital education market is divided, among others, into courses in entrepreneurship and business management and science and technology. During the projection period, it is anticipated that the science and technology courses category would account for the greatest market share. Computer science, health & medical, chemistry, engineering, and physics are all included in this section. The market is expanding as a result of widespread IoT usage in businesses and the rising need for a workforce with the skills to manage data using a range of tools, computer languages, and procedures. One of the key factors propelling the market expansion for the science & technology sector is the rise in the use of computer science and technology courses to upskill their employees. The expansion of the science and technology courses market is fueled by the introduction of technologically advanced courses like Python, Artificial Intelligence (AI), and Analytics Edge.
The digital education market is divided into self-paced online education and instructor-led online education based on the kind of learning. During the projected period, the category with the strongest growth is expected to be instructor-led online education. It entails the instructor delivering information to the student, which improves student comprehension and supports the expansion of the instructor-led online education market.
The digital education market is divided into many end-user categories, including government entities, businesses, and individual students and academic institutions. During the projection period, it is anticipated that the sector of individual learners and academic institutions would have the greatest market share. The main drivers of the segment's growth are the flexibility of time and pace, cheap cost to individual students, and increased acceptance of online education by institutions to enhance the efficacy of their courses.
On The Basis of Course Type
Science and Technology Courses
Entrepreneurship and Business Management Courses
Other Courses
On The Basis of Learning Type
Self-paced Online Education
Instructor-led Online Education
On The Basis of End-User
Academic Institutions
Enterprises and Public Sector
Future growth for the Asia Pacific Digital Education Market is predicted to be significant. Due to the increasing internet penetration, remote learning and eLearning are gaining in popularity in the Asia Pacific educational sector. The area has the biggest student population, and as technology advances, there is an increase in demand for distant learning and eLearning. In order to satisfy the varied educational needs of students in different nations, providers of digital education solutions must constantly innovate. For young brains to learn more effectively and retain information longer, educational institutions in this region are supporting the adoption of digital technologies. For companies that offer digital education solutions, the Asia-Pacific area offers tremendous development potential.
Do you need any customization data on Digital Education Market - Enquiry Now
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are Coursera Inc., edX Inc., Pluralsight LLC, Brain4ce Education Solutions Pvt. Ltd., Udacity, Inc., Udemy, Inc., Miriadax, Jigsaw Academy, Iversity, Intellipaat & Other Players
| Report Attributes | Details |
| Market Size in 2023 | US$ 19.0 Bn |
| Market Size by 2031 | US$ 140.3 Bn |
| CAGR | CAGR of 28.4% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Course Type (Science and Technology Courses, Entrepreneurship and Business Management Courses, Other Courses) • By Learning Type (Self-paced Online Education and Instructor-led Online Education) • By End-User (Academic Institutions and Enterprises and Public Sector) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Coursera Inc., edX Inc., Pluralsight LLC, Brain4ce Education Solutions Pvt. Ltd., Udacity, Inc., Udemy, Inc., Miriadax, Jigsaw Academy, Iversity, Intellipaat |
| Key Drivers | • Internet usage growth will fuel demand for the worldwide market • Using online learning, infrastructure costs may be reduced and scalability can be raised |
| Market Challenges | • Infrastructure in emerging nations that are unreliable • Instructors need additional training for online learning |
Ans: - The estimated market size for the Digital Education market for the year 2030 is USD 107.84 Bn.
Ans: - Infrastructure in emerging nations that are unreliable and Instructors need additional training for online learning.
Ans: - The segments covered in the Digital Education Market report for study are On the Basis of Course Type, Learning Type, End-User.
Ans: - The major key players are Coursera Inc., edX Inc., Pluralsight LLC, Brain4ce Education Solutions Pvt. Ltd., Udacity, Inc., Udemy, Inc., Miriadax, Jigsaw Academy, Iversity, Intellipaat.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Digital Education Market Segmentation, by Course Type
8.1 Science and Technology Courses
8.2 Entrepreneurship and Business Management Courses
8.3 Other Courses
9. Digital Education Market Segmentation, by Learning Type
9.1 Self-paced Online Education
9.2 Instructor-led Online Education
10. Digital Education Market Segmentation, by End-User
10.1 Academic Institutions
10.2 Enterprises and Public Sector
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Coursera Inc.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 edX Inc.
12.3 Pluralsight LLC
12.4 Brain4ce Education Solutions Pvt. Ltd.
12.5 Udacity, Inc.
12.6 Udemy, Inc.
12.7 Miriadax
12.8 Jigsaw Academy
12.9 Iversity
12.10 Intellipaat
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Insurtech Market size was valued at USD 5.48 billion in 2022 and is expected to grow to USD 157.79 billion by 2030 and grow at a CAGR of 52.2% over the forecast period of 2023-2030.
The Network Function Virtualization (NFV) Market size was valued at USD 31.16 Bn in 2023 and is expected to reach USD 212.25 Bn by 2031 and grow at a CAGR of 27.1 % over the forecast period 2024-2031.
The Online Recruitment Market size was valued at USD 10.23 billion in 2022 and is expected to grow to USD 30.99 billion by 2030 and grow at a CAGR of 14.86% over the forecast period of 2023-2030.
The Digital Education market size was valued at USD 19.0 Billion in 2023 and is expected to reach USD 140.3 Billion by 2031 and grow at a CAGR of 28.4% over the forecast period 2024-2031.
The Sports Analytics Market size was valued at USD 1.11 billion in 2022 and is expected to grow to USD 6.78 billion By 2030 and grow at a CAGR of 25.4 % over the forecast period of 2023-2030.
The Virtual Meeting Software Market Size was valued at USD 16.2 billion in 2022 and is projected to reach USD 109.63 billion by 2030 with a growing CAGR of 27% Over the Forecast Period of 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
