“Reduced infrastructure cost and increased scalability using online learning”
The Global Digital Education Market size to grow from USD 11.5 billion in 2021 to USD 46.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 32.3% during the forecast period. One of the key points of digital learning is that it is much more affordable than traditional learning. With digital learning, learners only need to pay for university credits, thereby saving a lot of money. Online learning eliminates the cost points of student transportation, student meals, and, most importantly, real estate. Additionally, all the course or study materials are available online, thus creating a paperless learning environment that is more affordable while also being beneficial to the environment.
“By End User, the Academic Institutions segment to grow at the higher CAGR during the forecast period”
By End User, the Academic Institutions segment is expected to grow at a higher growth rate during the forecast period. Education institutions can greatly improve the effectiveness of their courses by availing online education to their students. These solutions save the time of administrators, teachers, and students through virtual classrooms. Furthermore, digital education solutions enable educational institutions to access live and recorded lectures, making the learning process more efficient for students, faculty members, and staff.
“By Learning Type, the Self-paced Online Education segment to hold the larger market size during the forecast period.”
The Self-paced Online Education segment is expected to hold the larger market size. Self-paced online courses do not require instructors and students to be available at the same time during the entire course. Instructors can record videos or provide content that students can learn from without the instructor’s involvement.
“By Course Type, Science and Technology Courses segment to grow at the highest CAGR during the forecast period”
The Science and Technology Courses segment is projected to grow at the highest CAGR during the forecast period. The increasing adoption of IoT in various enterprises demands a skilled workforce to handle the data through a variety of tools, techniques, and computer languages. Companies have started relying on digital education platforms to upskill their workforce.
The breakup of the profiles of the primary participants is given below:
- By Company: Tier 1 – 20%, Tier 2 – 25%, and Tier 3 – 55%
- By Designation: C-Level Executives – 40%, Directors– 33%, Managers–27%
- By Region: North America – 32%, Europe – 38%, Asia Pacific – 18%, and Rest of the World* – 12%
Note: Others include sales managers, marketing managers, and product managers
Note: RoW includes the Middle East & Africa and Latin America
Note: Tier 1 companies have revenues more than USD 100 million; tier 2 companies’ revenue ranges from USD 10 million to USD 100 million; and tier 3 companies’ revenue is less than 10 million
The following key Digital Education vendors are profiled in the report:
- Coursera (US)
- edX (US)
- Pluralsight (US)
- Udemy (US)
- Udacity (US)
- Edureka (India)
- Alison (Ireland)
- LinkedIn Learning (US)
- Jigsaw Academy (India)
- iversity (Germany)
- Miriadax (Spain)
- Intellipaat (India)
- Edmodo (UK)
- NovoEd (US)
- XuetangX (China)
- Linkstreet Learning (India)
- Khan Academy (US)
- Kadenze (US)
- Federica Web Learning (Italy)
- My Mooc (France)
- Treehouse (US)
- Skillshare (US)
- CreativeLive (US)
- CXL (US)
- GO1 (Australia)
- BYJU’S (India)
- DataCamp (US)
- Platzi (US)
- Thinkful (US)
Research Coverage
The Digital Education Market is segmented by End User, Learning Type, Course Type, and Region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; solutions and services; key strategies; new product launches and product enhancements; partnerships, acquisitions, and collaborations; agreements and business expansions; and competitive landscape associated within the Digital Education Market.
Reasons to Buy the Report
The report would help the market leaders and new entrants in the following ways:
- It comprehensively segments the Digital Education Market and provides the closest approximations of the revenue numbers for the overall market and its sub segments across different regions.
- It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market.
- It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes a competitor ecosystem, new product launch, product enhancement, partnerships, collaborations, and acquisitions.
