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.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "Global Digital Education Market"
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
Download Free Sample Report
Customers can also request
10% free customization in this report.
“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.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com