Digital Education Market to Grow at Double Digit CAGR until 2025
Increasing trend for
microlearning and growing internet penetration are expected to drive the growth
of global digital education market
According to
TechSci Research report, “Global Digital
Education Market By Learning Type (Instructor-Led Online Education, Self-Paced
Online Education), By Course-Type (Entrepreneurship and Business Management
Courses, Science and Technology Courses, Others), By End-user (Academic
Institutions, Enterprises, Government Organizations, Individual Learners,
Others), By Region, Forecast & Opportunities, 2025”, the global digital education market is expected to grow at
colossal rate during the forecast period on account of the growing trend of
microlearning. There are various other factors such as increasing internet
penetration, time constraint faced by the aspirants, low expense in the online
training, etc., which are driving the global digital education market. Also, there
is increased demand in quality certification which is another factor responsible
for market growth. There is growing adoption of smartphones, tablets and many
other connected devices, which is contributing to the trend of online education,
globally. Digital education is quite useful as it enables a person to study
from any location and provided the flexibility in time. Additionally, with the
growing adoption of cloud technology, AI and IoT technology, digital education
market is expected to grow at a robust rate. Various technological advancements
such as virtual classrooms are propelling the market. This has transformed the
whole traditional classroom learning methodology. Moreover, governments are
releasing funds to support educational institutions to adopt this method of
learning. They are also taking steps to improve digital education. Various interactive
and blended approaches used in online education is another growth factor for
digital education. This has reduced the cost of education and developed the
interest of people in learning. Self-paced courses are also gaining popularity
among people as they do not follow a set schedule. Increased connectivity is
impacting the growth of online education in all the regions. However, there are
few concerns regarding data security and dearth of direct monitoring which might
restrain growth of digital education.
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The global
digital education market is segmented based on learning type, course-type, type
of end-user, company and region. Based on learning type, the market is
segmented into Instructor-led online education and self-paced online education.
Here, the instructor-led segment is expected to dominate the market during the
forecast period as it involves delivery of the instructions by instructor,
which is similar to faculties giving instructions to the students. Hence, students
know benefits of instructor-led online education. Based on end users, the
market can be fragmented into academic institutions, enterprises, government
organizations, individual learners and others. Among these, the academic
institutions segment is expected to dominate the market in the forecast period owing
to the increasing effectiveness of animated learning, which is gaining the
interest of students, hence many academic institutions are adopting digital
education method. Moreover, lack of competent staff across various academic
institutions in developing countries is also a reason for adoption of online
education methods.
Coursera
Inc., edX Inc., Pluralsight, Inc., Edureka (Brain4CE Education Solutions Pvt.
Ltd.), Alison Capernaum Ltd., Udacity, Inc., Udemy Inc., Miriadax, Jigsaw
Academy Education Pvt. Ltd., iversity are some of the leading players operating
in global digital education market. The companies operating in the market are
using organic strategies such as product launches, mergers and collaborations
to boost their share.
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“North America is expected to dominate
in the global digital education market during the forecast period. High usage
of smartphones and online education in academics in countries such as U.S and
Canada is responsible for the growth of digital education in North America.
Additionally, major players such as Microsoft, Cisco and many others in North
America have adopted the method of online training, which is further
contributing to the growing share of digital education in the region.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Digital Education Market By Learning Type (Instructor-Led
Online Education, Self-Paced Online Education), By Course-Type (Entrepreneurship
and Business Management Courses, Science and Technology Courses and Others), By
End-User(Academic Institutions, Enterprises, Government Organizations, Individual
Learners, Others), By Region, Forecast & Opportunities, 2025”, has evaluated
the future growth potential of global digital education market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global digital education market.
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