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 MarketBy 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.