Digital Education Market, By End-User (Enterprises, Academic Institutions, and Public Sector) By Learning Type (Self-paced Online Education, Instructor-led Online Education), By Course Type: (Science and Technology Courses, Entrepreneurship and Business Management Courses, Other Courses) By Region – Global Analysis Forecast Till 2030

The Global Digital Education Market to surpass USD 158. 17 billion by 2030 from USD 12.1 Billion in 2021 at a CAGR of 31.10% During the forecast 2021-2030.

Learning methods are becoming interactive, engaging, motivating, and convenient thanks to the advent of the Internet and ever-evolving technology. Currently, education is not limited to textbooks and classrooms but has become an integration of technology, innovative learning, and digital content. The Internet has become much more affordable and accessible to digital education, resulting in more convergence of digital education with traditional teaching methods. The world of the Internet is vast and full of information. The advent of digital education has enabled students to explore and use this treasure trove of knowledge.

Digital training systems increase the transparency of assessments by integrating real-time assessments with system-generated performance reports. It also enables students to analyze their performance and suggest essential solutions. It takes students out of their shells and turns them into self-determined thinkers who know what to study, when, and how to study. This is one of the most critical aspects of their development.

The global digital education market is a growing sector with significant players ranging from startups to public companies. The market is getting much attention from investors, primarily across K-12, higher education, and corporate learning. Major players operating in the market provide innovative educational avenues through several strategic initiatives such as collaborations, mergers and acquisitions, and partnerships with prominent key players.

The global education market has witnessed substantial growth in recent years, with the size of the industry expanding rapidly. Alongside this expansion, several trends have emerged, shaping the direction of the education market. One notable trend is the rise of self-education, which has its own significant market size, as individuals increasingly seek to enhance their knowledge and skills independently. Additionally, the e-learning market has experienced remarkable growth, driven by advancements in technology and the increasing demand for flexible and accessible learning options. This has led to the emergence of the edtech market, which encompasses a wide range of educational technologies and digital tools. The self-education industry and e-learning industry, in conjunction with the educational software industry, collectively contribute to the evolving landscape of the education market, revolutionizing traditional learning methods and providing innovative solutions for learners worldwide.

Market Dynamics:

Drivers:

The digital transformation has transformed the economy and demonstrated the need to raise the level of digital competency in education and training systems and institutions. A major revolution is taking place in the global education system. A growing awareness of the need to view education through a lifelong learning perspective is expected to drive digital education platforms.

 Various factors such as increasing internet penetration, time constraints faced by aspirants, geographic difficulty of attending physical classes, and low cost of online education are the major drivers for the digital education market.

Restraints:

Despite high demand for quality certification, unstable infrastructure in underdeveloped countries, lack of face-to-face interaction and direct monitoring of digital education are some of the limiting factors for market growth.

Key players:

• Coursera Inc.

• edX Inc.

• Pluralsight LLC

• Brain4ce Education Solutions Pvt. Ltd. (Edureka)

• Udacity, Inc.

• Udemy, Inc.

• Miriadax

• Jigsaw Academy

• Iversity

• Intellipaat

Market Segmentation:

Digital Education Market, By End User:

• Academic Institutions

• Enterprises and Public Sector

Digital Education Market, By Learning Type:

• Self-paced Online Education

• Instructor-led Online Education

Digital Education Market, By Course Type:

• Science and Technology Courses

• Entrepreneurship and Business Management Courses

• Other Courses

Digital Education Market, By Region:

• North America

  • US

  • Canada

• Europe

  • UK

  • Germany

  • France

  • Rest of Europe

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • Rest of Asia Pacific

• Middle East & Africa

  • Middle East

  • Africa

• Latin America

  • Brazil

  • Mexico

  • Rest of Latin America

Regional Analysis:

European countries are working to promote the development of high-performance European digital education ecosystems and enhance citizens' capacities and skills for digital transformation. The European Union established the Digital Education Action Plan (2021–2027) to create a shared vision for high-quality, inclusive, and accessible digital education and modernize its member states' educational and training systems.

The European Commission has created the "Digital Education Action Plan" to improve digital education opportunities in Europe to help find better employment opportunities across Europe. Western Europe is currently the second-largest purchasing region for eLearning products. This region is expected to grow and adopt new technologies at the fastest rate compared to other regions. Many prominent universities in the region have developed their own digital education and partnered with platform providers.

Scope of the Report:

User

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