- Wednesday, October 20, 2021
- India +91 7678407305
- U.S +1 217 953 4020
- [email protected]
Global Digital Education Market- By End User (Individual Learners and Academic Institutions, Enterprise and Government Organizations), By Learning Type (Self-paced and Instructor-led Online Education), By Course Type (Science and Technology Courses, Entrepreneurship and Business Management Courses), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.
Global Digital Education Market Overview:
Digital education refers to the innovation in the education sector driven by using digital tools for educating and learning purposes. It refers to the type of learning accompanied by the integration of information technology and courses with digital learning as the core is different from traditional learning methods. Digital education designed for making learning student-centered, personalized, and can meet individual needs..
Global Digital Education Market Insights
The global digital education market expected to spur market value with USD 37.2 billion, with an emerging CAGR in the forecast period from 2020-2027. The market demand for the digital education market is rising due to the prevalence of the internet, increasing demand for microlearning, reduce infrastructure, technology advancement, growing virtual class penetration.
With emerging COVID-19 situations around the world, many businesses have shut down and affected severely. Everything from offices, malls, schools, public places are shut down due to the lockdown. The sector which is currently bolstering is the digital education market, and it mainly owes to the increasing use of virtual classes taken by schools.
Digital education is growing by publishing educational content, and some of the content is free on the internet, and people are using it for their learning. Various leading companies in the market are providing an e-learning platform to the children by charging subscription fees. The demand for digital education is rising as it reduces the infrastructural cost, and students can anywhere access the educational content through laptops, smartphones, desktops, etc.
Moreover, the rise in internet users worldwide is the reason for significant investment in artificial intelligence and virtual reality classrooms. Thus, it provides help in the growing market for distance learning education for the higher education system. Therefore, this factor drives the market share for the global digital education market.
Furthermore, the digital learning platform provides online tutorial classes, online examinations, and online preparation for exams, fueling the market share for the digital education market. The digital education market dominated with educational courses, convenience factors, classroom-based education, and skilled teachers across the world is driving the market growth.
Growth Driver
Prevalence of Internet Use
Digital education has changed the concept of time and space in learning. The global sharing of digital learning resources, the emergence of virtual classrooms and virtual schools, and the rise of modern distance education make learning not limited to schools and homes. People can enter the digital virtual schools through the internet anytime, anywhere.
Emerging Technical Opportunity
In the digital learning environment, technical support enables evaluation to appear in the entire learning process, so digital education evaluation should be process oriented. This kind of process evaluation can supervise and guide learners in all directions. In digital learning evaluation, teachers and students and parents and experts can participate in the assessment. In the learning process, learners can evaluate and improve each other.
By End- Segmental Analysis
Based on the end-user, the global digital learning market segment into Individual Learners and Academic Institutions, Enterprise and Government Organizations. The individual learners and academic institutions segment estimated to dominate the maximum share of the global digital education market. It mainly owes to design education of own learning helps in providing personalized learning and an abundance of information. Moreover, digital literacy is a more engaging learning method than traditional learning methods. It helps in developing accountability in the students and create an enormous learning opportunity for educators. Therefore, individual learners and academic institutions are driving the market growth for the global digital educational market in the forecast period.
By Learning Type Segmental Analysis
Based on the learning type, the global digital education market classified into Self-paced and Instructor-led Online Education. The instructor-led online education segment dominates the largest market share in the global digital education market. The emerging demand for online instructor-led education for skill-based courses. Instructor-led online training involves the delivery of content directly to the students or an individual or group. Moreover, this type of online education is feasible and reliable as it can be repeated if not understood in the first place. Also, instructor-led online training is cheaper than finding a tutor offline and interacting with them. Various other benefits are increasing students’ demand for adopting instructor-led online education methods.
By Course Type Segmental Analysis
Based on the course type, the global digital education market bifurcated into Science and Technology Courses, Entrepreneurship, and Business Management Courses. The science and technology courses segment capture the largest share in the growing global digital education market. It mainly owes to the adoption of digital education platforms by leading companies for providing skill training to their employees. The science computer and programming consist of experimentation and engineering of computation systems dealing with codes and algorithms. Therefore, the demand for the science and technology course segment is propelling the market growth of the global digital education market.
By Region Segmental Analysis
Based on geography, the global digital education market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is the world’s fastest-growing digital education market, accounting for the largest share in the global market. It is mainly due to the collaboration of government and private institutions with digital vendors and institutes to share online educational content and improve the digital educational system. Therefore, North America is fueling demand for the digital education market.
Competitor Analysis
Companies such as Coursera, edX, Pluralsight, Edureka, Alison, Udacity, Udemy, Miríadax, Jigsaw Academy, iversity, Intellipaat, Edmodo, FutureLearn, LinkedIn, NovoEd, XuetangX, Federica EU, Linkstreet Learning, Khan Academy, Kadenze and others are key players in the global digital education market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global digital education service companies
- Research organizations and consulting companies’ digital education
- Regulatory bodies
Recent Developments
- In September 2021, Ed4All and Microsoft announced a partnership with the National Institute of Open Schooling (NIOS) to empower students with digital skills.
- In August 2021, LAVA signed an agreement with ASCOSYS to spread Digital Education across India.
- In August 2021, Two Irish edtech companies, The Academy of Code and Cocoon Education, merged and formed Olus Education. This new digital learning firm aims to help kids and schools with tech training.
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By End-User
- Individual Learners and Academic Institutions
- Enterprises and Government Organizations
By Learning Type
- Self-Paced Online Education
- Instructor-Led Online Education
By Course Type
- Science and Technology Courses
- Entrepreneurship and Business Management Courses
By Region
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
Global Digital Education Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Economic Factor Analysis
- Global Digital Education Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By End-User
- Individual Learners and Academic Institutions
- Enterprises and Government Organizations
- By Learning Type
- Self-Paced Online Education
- Instructor-Led Online Education
- By Course Type
- Science and Technology Courses
- Entrepreneurship and Business Management Courses
- Others
- By Region
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
- By End-User
- Demand
- Market Size & Forecast, 2016-2027
- Europe Digital Education Market Overview
- Europe Digital Education Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Europe Digital Education Market Share & Forecast, 2016-2027
- By End-User
- Individual Learners and Academic Institutions
- Enterprises and Government Organizations
- By Learning Type
- Self-Paced Online Education
- Instructor-Led Online Education
- By Course Type
- Science and Technology Courses
- Entrepreneurship and Business Management Courses
- Others
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Digital Education Market
- By End-User
- Demand
- Europe Digital Education Market Size & Forecast, 2016-2027
- North America Digital Education Market Overview
- North America Digital Education Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- North America Digital Education Market Share & Forecast, 2016-2027
- By End-User
- Individual Learners and Academic Institutions
- Enterprises and Government Organizations
- By Learning Type
- Self-Paced Online Education
- Instructor-Led Online Education
- By Course Type
- Science and Technology Courses
- Entrepreneurship and Business Management Courses
- Others
- By Country
- US
- Canada
- Mexico
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Digital Education Market
- By End-User
- Demand
- North America Digital Education Market Size & Forecast, 2016-2027
- Asia Pacific Digital Education Market Overview
- Asia Pacific Digital Education Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Asia Pacific Digital Education Market Share & Forecast, 2016-2027
- By End-User
- Individual Learners and Academic Institutions
- Enterprises and Government Organizations
- By Learning Type
- Self-Paced Online Education
- Instructor-Led Online Education
- By Course Type
- Science and Technology Courses
- Entrepreneurship and Business Management Courses
- Others
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Company Market Share (Top 3-5)
- Economic Digital Education Market Overview
- By End-User
- South America Digital Education Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- South America Digital Education Market Share & Forecast, 2016-2027
- By End-User
- Individual Learners and Academic Institutions
- Enterprises and Government Organizations
- By Learning Type
- Self-Paced Online Education
- Instructor-Led Online Education
- By Course Type
- Science and Technology Courses
- Entrepreneurship and Business Management Courses
- Others
- By Country
- Brazil
- Argentina
- Rest of South America
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Digital Education Market
- By End-User
- Demand
- Demand
- Asia Pacific Digital Education Market Size & Forecast, 2016-2027
- Middle East & Africa Digital Education Market Overview
- Middle East & Africa Digital Education Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Middle East & Africa Digital Education Market Share & Forecast, 2016-2027
- By End-User
- Individual Learners and Academic Institutions
- Enterprises and Government Organizations
- By Learning Type
- Self-Paced Online Education
- Instructor-Led Online Education
- By Course Type
- Science and Technology Courses
- Entrepreneurship and Business Management Courses
- Others
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Digital Education Market
- By End-User
- Demand
- Middle East & Africa Digital Education Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Coursera
- edX
- Pluralsight
- Edureka
- Alison
- Udacity
- Udemy
- Miríadax
- Jigsaw Academy
- iversity
- Intellipaat
- Edmodo
- FutureLearn
- NovoEd
- XuetangX
- Federica EU
- Linkstreet Learning
- Khan Academy
- Kadenze
- Other players
Frequently Asked Questions (FAQ):
The global digital education market will reach an estimated value of USD 37.2 billion by 2027.
The global digital education market is estimated to grow at a compound annual growth rate of 29.6% from 2021 to 2027.
Digital education or online learning refers to the innovation in the education sector driven by using digital tools for educating and learning purposes.
Adaptive learning, e-textbooks, mobile learning (mobile phones, tablet computers, laptops, computers), online learning (or e-learning), open educational resources (OERs), technology-enhanced teaching and learning, virtual reality, augmented reality are examples of digital learning.
The rise in internet users, less infrastructural costs, and easy access are critical factors driving the digital education market.
