DUBLIN--(BUSINESS WIRE)--The "Global Online Education Market Report by Type, Provider, Technology, Region and Company Analysis 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The Global Online Education Market is forecasted to grow at a compound annual growth rate (CAGR) of 11.67% from 2024 to 2032, potentially reaching approximately US$ 788.05 billion by 2032.
Online education providers have a unique opportunity to form B2B partnerships with organizations to train their employees and attract new talent. These providers can quickly adjust their curricula and have experience serving adult students looking to advance their careers, making them attractive partners for businesses.
The demand for online education is massive due to increased competition among online degree providers and investments in the education sector. The need for better education quality and experience has also contributed to this demand. The proliferation of online education enterprises and increased venture capital funding has disrupted the market. Finally, online education is evolving rapidly, with Virtual and Augmented Reality for learners and AI and machine learning for the back end.
United States Online Education Market
Online education, also called distance learning, enables studying in the U.S. remotely. U.S. institutions offer full-time undergraduate and graduate programs and individual courses through various means like websites, mobile apps, email, and telephones. Students typically pay tuition fees to receive credits from U.S. institutions for distance learning.
American students can now access a digital toolkit comprising online courses, textbooks, educational websites, videos, games, quizzes, and even artificial intelligence (AI) to enrich their learning experience. Educational institutions increasingly rely on educational technology for monitoring student activity, managing courses, grading, and fostering communication among educators, students, and families.
The COVID-19 pandemic accelerated ed-tech adoption as schools and colleges shifted to online learning. Post-pandemic, edtech is poised to play a significant role in U.S. education. In 2023, many higher education courses remain partially online, and K-12 schools access an average of over 2,500 ed-tech tools per district, a substantial increase from previous years.
Online Learning Facts of 2024
- Globally, 49% of students have participated in at least some form of online learning.
- The online learning sector is experiencing the most rapid growth within the education industry, having expanded by 900% since its inception in 2000.
- 70% of students believe online learning surpasses traditional classroom learning.
- The projected increase in online learning users will reach 57 million by 2027.
- Currently, 80% of businesses provide online learning or training solutions.
- Daily, 63% of students in the US actively participate in online learning activities.
- Online learning can boost student and employee retention by up to 50%.
- Engaging in online learning can decrease the time required to master a subject by 40% to 60%.
- Online learning and training can enhance employee performance by 15% to 25%.
- Prosperity for all projects that the count of individuals enrolled in online courses could surge to as high as 57 million by 2027.
- Research from Taylor & Francis Online indicates that over a third of American students have registered for one or more online courses. Over half of these students have also engaged in on-campus classes.
Global Online Education Top Merger and Acquisitions
- Academic Partnerships acquired Wiley's online education business for US$ 150 Million in December 2023, causing a shake-up in the online program management market.
- In December 2023, Curriculum Associates acquired SoapBox Labs, an AI speech recognition company.
- ACI Learning acquired Infosec Learning in December 2023. Infosec Learning provides virtual labs and cyber ranges for hands-on, personalized learning and skill assessment to colleges, universities, businesses, and governments.
- In December 2023, ParentSquare acquired Remind. ParentSquare is a company that creates a tool for engaging school families and communities, while Remind provides a secure communication platform for schools.
- In Dec 2023, Allen Career Institute bought Doubtnut, a learning app that solves math and science problems by taking photos, for US$ 10 Million. Doubtnut had raised over US$ 52 Million and was valued at almost US$ 150 Million.
- Nov 2023, Byju is in talks to sell its US-based digital reading platform, Epic, for US$ 400 Million in November 2023.
- Enrollify, a higher education marketing professional development program, was acquired by Element451, a student engagement platform, in November 2023.
- DaySmart acquired Sawyer in November 2023.
- In Oct 2023, Canvas and MasteryConnect acquired Parchment for US$ 835 Million.
- In Oct 2023, Accelerate Learning acquired Kide Science, an online library of lesson plans and professional development materials for K-3 teachers.
- In Sep 2023, Golden Vision Capital Americas acquired Hawkes Learning, an educational company that created the first adaptive learning software with embedded expert systems. Hawkes offers a comprehensive suite of innovative course materials covering various subjects.
- Presence, a teletherapy company for K -12 students, acquired RemoteHQ's software platform in August 2023.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 230 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $291.73 Billion |
| Forecasted Market Value (USD) by 2032 | $788.05 Billion |
| Compound Annual Growth Rate | 11.6% |
| Regions Covered | Global |
Company Analysis: Overview, Recent Developments, Revenue Analysis
- Coursera Inc.
- Instructure Holding Inc.
- Adobe Inc.
- Alphabet Inc.
- Udemy
- Pearsons Inc.
- Stride Inc.
- NetEase Inc.
Type - Global Online Education Market breakup in 3 viewpoints:
-
Academic
- Higher Education
- Vocational Training
- K-12 Education
- Others
-
Corporate
- Large Enterprises
- SMBs
- Government
Provider - Global Online Education Market breakup in 2 viewpoints:
- Content
- Services
Technology - Global Online Education Market breakup in 6 viewpoints:
- Online e-learning
- Learning Management System (LMS)
- Mobile e-learning
- Rapid e-learning
- Virtual classroom
- Others
Country - Global Online Education Market breakup of 25 Countries:
- North America
- United States
- Canada
- Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
- Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Malaysia
- Indonesia
- Australia
- New Zealand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
For more information about this report visit https://www.researchandmarkets.com/r/xwkla
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