NEW YORK, Feb. 2, 2024 /PRNewswire/ -- Theonline education marketis estimated to grow by USD 148.22 billion from 2022to 2027, according to Technavio. The market is estimated to grow at a CAGR of 9.49% during the forecast period.2U Inc., Alef Education Consultancy LLC, Ambow Education Holding Ltd., Aptara Inc., Cengage Learning Inc., Coursera Inc., edX LLC, General Assembly Space Inc., Instructure Holdings Inc., ITS EDUCATION ASIA, iTutorGroup Ltd., iversity Learning Solutions GmbH, LinkedIn Corp., McGraw Hill Education Inc., Online Education Pty. Ltd., Pearson Plc, Pluralsight Inc., Think and Learn Pvt. Ltd., Udacity Inc., and Udemy Inc. are key companies.

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Technavio has segmented the market based on Type (Primary and secondary supplemental education, Reskilling and online certifications, Higher education, Test preparation, and Language and casual learning), End-user (Academic, Corporate, and Government), and Geography (North America, APAC, Europe, South America, and Middle East and Africa).

By geography, the global online education market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global online education market.

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Increasing focus on language learningis a key factor driving growth.Language learning is increasingly emphasized in academic settings globally. Governments like the UK and China are promoting this trend. In the UK, there's a focus on European languages due to Brexit's impact on the country's global standing. The rise in international student enrollments has intensified competition, with language exams like TOEFL and IELTS becoming crucial for admissions.

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Benefits of Online Education

Online Education offers various benefits, leveraging E-learning platforms, Online courses, and Virtual classrooms to deliver education remotely. MOOCs (Massive Open Online Courses) and EdTech (Educational Technology) enhance accessibility and engagement, while Distance learning and Digital textbooks provide flexibility and cost-effectiveness. Learning management systems (LMS) and Online degree programs streamline education delivery, and Webinars facilitate interactive learning experiences. Remote education and Online tutoring services cater to diverse learning needs, with Adaptive learning platforms and Synchronous/Asynchronous learning adapting to individual paces. Gamification in education and Microlearning enhance engagement and retention, while Blended learning combines online and in-person elements. Mobile learning offers on-the-go access, and Virtual reality (VR) and Augmented reality (AR) in education provide immersive experiences. Flipped classrooms and Competency-based education personalize learning paths, ensuring holistic, flexible, and interactive education experiences.

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Thedigital English language learning marketsize is forecast to increase byUSD 21.58 billion, at aCAGR of17.87%between 2023 and 2028.

TheGlobal AcademicE-learningMarket is estimated to growbyUSD 147.89 billionat aCAGR of 17.5%between 2022 and 2027.

ToC:

Executive Summary

Market Landscape

Market Sizing

HistoricSizes

Five Forces Analysis

Segmentation by End-user

Segmentation by Type

Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers,Challenges, &Trends

Company Landscape

Company Analysis

Appendix

About US Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging trends and provide actionable insights to help businesses identify opportunities and develop effective strategies to optimize their positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential areas and assess their competitive positions within changingscenarios.

Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [emailprotected] Website: http://www.technavio.com

SOURCE Technavio

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Online Education Market to Record Growth of USD 148.22 billion from 2022 to 2027, 2U Inc., and Alef Education ... - PR Newswire