Dublin, May 17, 2023 (GLOBE NEWSWIRE) -- The "Global Digital Education Market by Type (Self-paced Online Education and Instructor-led Online Education), Course Type, End User (Academic Institutions and Enterprises & Public Sector) and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The Global Digital Education Market size to grow from USD 19.4 billion in 2023 to USD 66.7 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 28.0% during the forecast period.
A major advantage of digital learning over traditional learning is its affordability. With online learning, learners/students only need to pay for university credits, broadband bills, thereby saving a lot of money which would have been spent otherwise on textbooks, student transportation, meals, formal attire, availability of a wide range of payment options that let learners pay in installments or per class basis, real estate (those who are non-localite, seek accommodation). Moreover, all study materials are available online, thus creating a paperless learning environment that is more affordable while also being eco-friendly.
By 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. Learners get the flexibility of taking the course anywhere anytime at their own pace of grasping the knowledge and hence it becomes effective in long-term knowledge retention significantly.
By Course Type, Entrepreneurship and business management courses segment to have second highest CAGR during the forecast period
The Entrepreneurship and business management courses segment is projected to hold the second highest CAGR during the forecast period. Business management courses consist of various areas of study, such as general management, business development, finance and banking, marketing, travel and tourism, liberal arts, and business-related subjects. Universities and educational organizations in Europe have adopted digital education solutions, enabling international mobility and multiple-language training. As a result, various regional digital education providers, such as TshinguaX and Federica Web Learning, have collaborated with several globally active digital education providers.
The initiation of business-oriented courses by online education service providers has added to the growth of the digital education market. Digital education providers have enhanced existing management-specific courses to target higher-education-focused learners with several university-affiliated courses, such as Global MBA and Masters in Innovation and Entrepreneurship.
Market Dynamics
Drivers
- Growing Internet Penetration
- Reduced Infrastructure Cost and Increased Scalability Using Online Learning
- Increased Self-Efficacy, Greater Convenience, and More Flexibility
- Rising Demand for Microlearning
- Remote Access Anytime, Anywhere
Restraints
- Lack of Face-To-Face Interaction and Direct Monitoring
- Health Concerns due to More Screen Time
Opportunities
- Rising Demand for Game-based Learning
- Growing Inclination Toward Adaptive Learning
Challenges
- Unreliable Infrastructure in Developing Countries
- Need for Additional Training
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)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 222 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $19.4 Billion |
| Forecasted Market Value (USD) by 2028 | $66.7 Billion |
| Compound Annual Growth Rate | 28.0% |
| Regions Covered | Global |
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Digital Education Market, by Type
6.1 Introduction
6.1.1 Drivers: Market, by Type
6.1.1.1 Self-Paced Online Education
6.1.1.2 Instructor-Led Online Education
6.1.2 Self-Paced Online Education
6.1.2.1 Convenience and Customization to Draw End-users
6.1.3 Instructor-Led Online Education
6.1.3.1 Availability of One-To-One Interactions, Q&A Sessions, and Doubt Clearance to Foster Adoption
7 Digital Education Market, by Course Type
7.1 Introduction
7.1.1 Drivers: Market, by Course Type
7.1.1.1 Science and Technology Courses
7.1.1.2 Entrepreneurship & Business Management Courses
7.1.1.3 Other Courses
7.1.2 Science & Technology Courses
7.1.2.1 Higher Demand for Technical Courses to Ensure Market Growth
7.1.3 Entrepreneurship & Business Management Courses
7.1.3.1 Growing Demand from Individuals to Upgrade Management Skills to Boost Market
7.1.4 Other Courses
8 Digital Education Market, by End-user
8.1 Introduction
8.1.1 Drivers: Market, by End-user
8.1.1.1 Academic Institutions
8.1.1.2 Enterprises and Public Sector
8.1.2 Academic Institutions
8.1.2.1 Adoption of Virtual Learning to Significantly Boost Market Growth
8.1.3 Enterprises & Public Sector
8.1.3.1 Need to Upgrade Employee Skills/Upskill Employees to Propel Adoption
9 Digital Education Market, by Region
10 Competitive Landscape
11 Company Profiles
12 Adjacent & Related Markets
13 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/festf4
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