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..
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.
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.
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.
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.
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.
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.
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.
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.
By Learning Type
By Course Type
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.