Transparency Market Research delivers key insights on the global online education market. In terms of revenue, the global online education market is estimated to expand at a CAGR of 12.3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global online education market.
Online education is a broad concept for education. It represents how advanced technologies help learners to more easily, efficiently, and conveniently ingest information and skills. Online education is becoming popular due to penetration of digital technologies in the education sector, which has increased interest of many researchers. The aim of intelligent education is to enable intelligent learners in the 21st Century to meet the needs of work and life. Many people prefer to take online education due to its simple accessibility and flexibility of learning.
The growing integration of smart solutions and penetration of social media platforms in the education sector is a major factor that drives the online education market. Online education provides the best path for K-12 and higher education, as it ensures the brightest future. A number of higher education institutions are already reaching out to more learners with the help of non-traditional approaches; this trend will gain traction in the upcoming years.
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The online education market in North America is expected to account for largest share during the forecast period due to rising digitalization in the educational sector and presence of major market players in the region. In addition, the U.S. Government has increased investment in the educational sector, which is fuelling the growth of the online education market.
The market in Asia Pacific is likely to expand at the highest CAGR during the forecast period due to adoption of smartphones in developing economies, which has increased enrolment of students in online learning platforms. This factor will further drive the growth of the online education market in the region. The Europe market is projected to rise at a notable CAGR during the forecast period, owing to rising government support for the transformation of traditional learning to advance learning in the region, which leads to growth of the online education market.
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Online Education Market: Key Players
Key players operating in the global online education market are Adobe Corporation, Aptara Inc., Blackboard Inc., Docebo, Edmodo, Edukasyon.ph, EduComp Solutions, Excelsoft Technologies Pvt Ltd., Zeus Systems Pvt. Ltd, Simplilearn Solutions, BYJU’S, McGraw-Hill Education, Pearson PLC, MPS Interactive Systems Limited, and Edx Inc.
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