LONDON--(BUSINESS WIRE)--Technavio has been monitoring the online education market and it is poised to grow by USD 247.46 billion during 2020-2024, progressing at a CAGR of over 18% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- What are the major trends in the market?
- Rapid penetration of Internet-enabled devices is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of over 18%, the incremental growth of the market is anticipated to be USD 247.46 billion.
- Who are the top players in the market?
- 2U Inc., Ambow Education Holding Ltd., Coursera Inc., edX Inc., iTutorGroup, LinkedIn Corp., McGraw-Hill Education Inc., Pearson Plc, Udacity Inc., and Udemy Inc. are some of the major market participants.
- What are the key market drivers and challenges?
- Growing advantages of online learning is one of the major factors driving the market. However, the inadequate cybersecurity measures restraints the market growth.
- How big is the APAC market?
-
The APAC region will contribute 34% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 2U Inc., Ambow Education Holding Ltd., Coursera Inc., edX Inc., iTutorGroup, LinkedIn Corp., McGraw-Hill Education Inc., Pearson Plc, Udacity Inc., and Udemy Inc. are some of the major market participants. The growing advantages of online learning will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Online Education Market 2020-2024: Segmentation
Online Education Market is segmented as below:
-
Type
- Higher Education
- Test Preparation
- Language and Casual Learning
- Prim & Sec Supplemental Edu.
- Reskilling & Online Certifications
-
Geography
- North America
- APAC
- Europe
- South America
- MEA
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Online Education Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The online education market report covers the following areas:
- Online Education Market Size
- Online Education Market Trends
- Online Education Market Analysis
This study identifies the rapid penetration of Internet-enabled devices as one of the prime reasons driving the online education market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Online Education Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist online education market growth during the next five years
- Estimation of the online education market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the online education market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of online education market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by type
- Primary and secondary supplemental education - Market size and forecast 2019-2024
- Reskilling and online certifications - Market size and forecast 2019-2024
- Higher education - Market size and forecast 2019-2024
- Test preparation - Market size and forecast 2019-2024
- Language and casual learning - Market size and forecast 2019-2024
- Market opportunity by type
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 2U Inc.
- Ambow Education Holding Ltd.
- Coursera Inc.
- edX Inc.
- iTutorGroup
- LinkedIn Corp.
- McGraw-Hill Education Inc.
- Pearson Plc
- Udacity Inc.
- Udemy Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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