Press Release

Digital Education Market to be dominated by growing usage of internet by 2028

Global digital education market is expected to grow during the forecast period due to the increasing adoption of IoT for E-Learning in higher educational institutes.

According to TechSci Research report, “Digital Education Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”the global digital education market is growing owing to rapid growth in digitalization and increasing adoption of IoT for e-learning in higher educational institutes by enterprises to meet the need for growing businesses. The need for digital education solutions is increasing due to the growing trend of professionals seeking to upskill and pursue ongoing learning opportunities. Globally vendors are making significant product innovations by integrating technologies such as artificial intelligence (AI), Internet of Things (IoT), and machine learning (ML) to cater to customer needs and market requirements. Additionally, the growth of the digital education industry is being driven by various factors, including increased investments by both public and private organizations. Governments across the world are investing heavily in digital education solutions to improve access to education and enhance the quality of instruction. Moreover, initiatives taken by several government and private organizations are increasingly investing in digital education initiatives to provide their staff training and upskilling possibilities. These investments are contributing significantly to the revenue growth of the digital education industry.

With the outbreak of the COVID-19 pandemic, many countries have faced the spark in developing digital platforms and the adoption of digital education by the educational systems. Various schools and educational institutions have adopted digital education as an effective platform to educate children and run their businesses. The demand for digital education have grown in tandem with the rise of the internet and digitalization. Due to the lockdown, numerous businesses have adopted remote working environments, creating uncertainty for the new normal.. The shift is driving educational intuitions to think deeply about their current education systems as many remote area students are interested in adapting to the digital platform for learning. Many enterprises have become heavily dependent on digital education by addressing growing requests to reduce infrastructure cost and increase business efficiency.

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Based on learning type, the market is segmented into instructor-led online education and self-paced online education. Based on course type, the market is segmented into entrepreneurship and business management courses, science and technology courses, and others. Based on end user, the market is further split into academic institutions, enterprises, government organizations, individual learners, and others.

The learning type segment dominated the digital education market in 2022 and is expected to maintain its dominance during the forecast period. Enterprises and individuals are rapidly utilizing numerous self-paced online education platforms such as YouTube and LinkedIn Learning. For individuals with time constraints, these platforms have the availability of personal filtration of time schedules, less expensive with less pressure during existing live training and convenient for different learning patterns. Therefore, it is anticipated that few Such benefits are expected to attract customers of the self-paced online digital education, which, in turn, will fuel the growth of the global digital education market during the forecast period.

Based on end user, the academic institutions segment is expected to register fastest growth during the forecast period. Digital education has become a key offering for various academic institutions mainly owing to the ease of learning, financial acceptance, and more effectiveness to students. Therefore, academic institutions globally are adopting new educational systems to increase their increase in the market. Moreover, many regions in under developing countries are lacking proper faculty and education systems, adapting digital platforms for education is more convenient for them to reduce literacy rate. Furthermore, animated learning, which is helpful in capturing the interest of students, is enabling the deployment of digital education.

Key market players in the global digital education market include:

  • Udacity, Inc.
  • NetDragon Websoft Holdings Limited (EdModo, Inc.)
  • Coursera Inc.
  • Pluralsight LLC
  • Udemy, Inc.
  • FutureLearn Ltd.
  • EdX, Inc.
  • Brain4ce Education Solutions Pvt. Ltd. (Edureka).
  • Jigsaw Academy
  • LinkedIn Learning

 

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“The North America region shows substantial growth prospects for digital education which can be attributed to the high adoption and penetration rate of internet along with the presence of a large number of service providers in the region. Digital education is gaining traction and is expanding to various countries in North America, including the United States, Canada, and Mexico. Moreover, the growing demand for active learning as well as interactive response in educational standards along with the increasing accessibility of superior educational technologies are influencing the growth of the market in the region. Online education platforms and e-learning technologies are being widely adopted in the region to meet the increasing demand for digital education solutions. The United States leads the digital education market in North America and is expected to continue its dominance in the global digital education market during the forecast period as well,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Digital Education Market – Digital Education Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F -By 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 and Competition has evaluated the future growth potential of the global digital education and provides statistics and information on market structure, size, share, and future 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 the global digital education market.

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