Global Digital Education Market is valued at approximately USD 3.20 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 22.7 % over the forecast period 2020-2027. Digital Education is the invention process of teaching and learning by the means of digital tools and technologies. Presently, digital education is gaining ground as it uses various interactive and blended approaches such as flipped classrooms, where the online activities are concluded and discussed using an outside practical scenario for depth analysis and face to face interaction with online activities. Also, digital learning is an instrumental training that ultimately helps students as it makes use of a broad range of technology-enhanced educational strategies. It includes flipped learning, blended learning, personalized learning, and other strategies that rely on digital tools. The growth of the segment is attributed owing to the increased internet penetration and increased adoption of microlearning. As per the Weare Social Organization in 2019, there are 4.39 billion internet users globally which increased from 366 million i.e. 9% of the previous year 2018. Also, as per the PagBrasil in 2019, more than 10 million people now have access to the internet, exhibiting a growth of 7.2 % in comparison to 2018. Thus, with the high usage of the internet and mobile and connected devices, the need for digital education solutions among the students is observed which would supplement the growth of the market during the forecast period of 2020-2027. Additionally, the rapid spread of COVID-19 across the globe, various economies announced lockdown due to which students are opting for digital & online mediums for taking lectures. Also, technological innovation and advancement adopted in the education sector and the rising adoption of digital learning platforms across the globe is expected to drive the growth of the market over the forecast years. However, the lack of face-to-face interaction and direct monitoring is hampering the growth of this market. Further, the key players are focusing on strategies such as product launch, innovation, and merger & acquisition to sustain them amidst fierce competition.
The regional analysis of global Digital Education market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region due to the highest adoption rates of digital education platforms and services. Also, the large-scale investments in outsourced digital education services by universities in North America is expected to create positive outlook for the growth of the region. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Pluralsight Inc.
Coursera
edX
Iversity
Udacity Inc.
LinkedIn Corporation
FutureLearn
NovoEd
Udemy Inc.
XuetangX
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Learning Type:
Self-Paced Online Education
Instructor-Led Online Education
By Course Type:
Science and Technology Courses
Entrepreneurship and Business Management Courses
Others
By End-user:
Individual Learners and Academic Institutions
Enterprises and Government Organizations
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year-2017, 2018
Base year-2019
Forecast period-2020 to 2027
Target Audience of the Global Digital Education Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
For More Information on the Research Report, refer to the below links: –
Future of Global Digital Education Market
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Ken Research
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