Selbyville, Delaware, Sept. 28, 2020 (GLOBE NEWSWIRE) -- As per credible estimates, global digital education market valuation accounted for USD 3.20 billion in 2019 and is expected to grow with a CAGR of 22.7 % over 2020-2027. Rising internet penetration and increasing utilization of microlearning technologies are the major factors driving the market growth during the forecast period.
As per the given report, global digital education market, has been classified into segmentations including learning type, course type, end-user scope, and regional terrain. Granular insights regarding the evolving industry dynamics with regards to major competitors are provided in the report.
According to data collected by We Are Social and Hootsuite organizations, around 4.39 billion internet users were recorded across the globe in 2019, which was a 9% increase from 366 million internet users in 2018. Similarly, PagBrasil claims that around 10 million more people in Brazil had access to internet in the year 2019, which was an increase of 7.2% since 2018.
Presently, digital education solutions are gaining worldwide popularity due to benefits such as flipped classrooms, in which online activities are conducted to discuss outside practical scenarios for thorough analysis and face to face interaction. The platform allows the student to use technologically advanced educational solutions such as personalized learning, blended learning, and flipped learning.
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Widespread adoption of mobile and connected devices has augmented the demand for digital education solutions among the students, which is likely to contribute towards the market expansion.
Also, technological developments in education sector and growing demand for digital learning platforms are also estimated to create growth opportunities for global digital education market players. On the contrary, minimal face to face interaction and absence of direct monitoring are expected to restrain the market growth during the forecast period.
Impact of COVID-19 pandemic
Increasing prevalence of COVID-19 has compelled governments to enforce temporary lockdowns in order to reduce the spread of the disease. This has compelled students to rely on online mediums for attending lectures, which in turn is positively affecting worldwide digital education market remuneration.
Elaborating market segments
As per learning type, global digital education market is fragmented into instructor-led online education, and self-paced online education. With regards to the course type, the industry is bifurcated into entrepreneurship & business management courses, science & technology courses, and others.
The end-user scope of global digital education industry comprises of enterprises & government organizations, and individual learners & academic institutions.
Highlighting the regional landscape
According to estimates, North America was the major revenue contributor for global digital education industry in the recent past and is expected to showcase similar trends in the ensuing years, mainly due to rapid adoption of digital education platforms & services in the region. Furthermore, large-scale investments in outsourced digital education services by various universities will positively impact North America digital education market trends.
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Global Digital Education Market by Learning Type (Revenue, USD Billion, 2017-2027)
- Instructor-Led Online Education
- Self-Paced Online Education
Global Digital Education Market by Course Type (Revenue, USD Billion, 2017-2027)
- Entrepreneurship and Business Management Courses
- Science and Technology Courses
- Others
Global Digital Education Market End-User Assessment (Revenue, USD Billion, 2017-2027)
- Enterprises and Government Organizations
- Individual Learners and Academic Institutions
Global Digital Education Market Regional Analysis (Revenue, USD Billion, 2017-2027)
North America
- Canada
- U.S.
Europe
- Italy
- France
- Germany
- UK
- Spain
- Rest of Europe
Asia Pacific
- Japan
- South Korea
- China
- India
- Australia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
Rest of the World
Global Digital Education Market by Competitive Scope (Revenue, USD Billion, 2017-2027)
- FutureLearn
- Coursera
- NovoEd
- Pluralsight Inc.
- Iversity
- Udacity Inc.
- Udemy Inc.
- edX
- LinkedIn Corporation
- XuetangX
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Digital Education Market, by Region, 2018-2027 (USD Billion)
1.2.2. Digital Education Market, by Learning Type, 2018-2027 (USD Billion)
1.2.3. Digital Education Market, by Course Type, 2018-2027 (USD Billion)
1.2.4. Digital Education Market, by, End-User 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Digital Education Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Digital Education Market Dynamics
3.1. Digital Education Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Digital Education Market Industry Analysis
4.1. Porter’s 5 Force Model
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Digital Education Market, by Learning Type
5.1. Market Snapshot
5.2. Global Digital Education Market by Learning Type, Performance - Potential Analysis
5.3. Global Digital Education Market Estimates & Forecasts by Learning Type 2017-2027 (USD Billion)
5.4. Digital Education Market, Sub Segment Analysis
5.4.1. Self-Paced Online Education
5.4.2. Instructor-Led Online Education
Chapter 6. Global Digital Education Market, by Course Type
6.1. Market Snapshot
6.2. Global Digital Education Market by Course Type, Performance - Potential Analysis
6.3. Global Digital Education Market Estimates & Forecasts by Course Type 2017-2027 (USD Billion)
6.4. Digital Education Market, Sub Segment Analysis
6.4.1. Science and Technology Courses
6.4.2. Entrepreneurship and Business Management Courses
6.4.3. Others
Chapter 7. Global Digital Education Market, by End-user
7.1. Market Snapshot
7.2. Global Digital Education Market by End-User, Performance - Potential Analysis
7.3. Global Digital Education Market Estimates & Forecasts by End-User 2017-2027 (USD Billion)
7.4. Digital Education Market, Sub Segment Analysis
7.4.1. Individual Learners and Academic Institutions
7.4.2. Enterprises and Government Organizations
Chapter 8. Global Digital Education Market, Regional Analysis
Related Report:
E-Learning Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026
E-Learning Market size is anticipated to grow at over 8% CAGR between 2020 and 2026, as per new research report. The advent of several new technologies, such as cloud computing and AI coupled with increasing internet penetration across the globe will drive the market growth. Rapid cloud adoption provides flexibility in content storage, sharing, and access to both learners and content providers. From a regional frame of reference, the E-learning market in North America is likely to witness significant growth since players are focusing on offering their services and solutions to the countries where favorable government policies and high growth in the education sector can be seen.
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