Report Id: SNS/ICT/1958 | June 2022 | Region: Global | 130 Pages
Report Scope & Overview:
The Digital Education market size was valued at USD 10.97 Bn in 2021 and is expected to reach USD 64.89 Bn by 2028, and grow at a CAGR of 28.91% over the forecast period 2022-2028.
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.
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.
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.
Growing interest in game-based education.
Increasing interest in using adaptive learning.
Infrastructure in emerging nations that are unreliable.
Instructors need additional training for online learning.
IMPACT OF COVID-19:
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.
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.
KEY MARKET SEGMENTS:
On The Basis of Course Type
Science and Technology Courses
Entrepreneurship and Business Management Courses
On The Basis of Learning Type
Self-paced Online Education
Instructor-led Online Education
On The Basis of End-User
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
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
|Market Size in 2021||US$ 10.97 Bn|
|Market Size by 2028||US$ 64.89 Bn|
|CAGR||CAGR of 28.91% From 2022 to 2028|
|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
Frequently Asked Questions (FAQ) :
Ans: - The estimated market size for the Digital Education market for the year 2028 is USD 64.89 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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
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
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Coursera Inc.
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.
12.8 Jigsaw Academy
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
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