Digital Education Market Analysis Report By Course Type, By Learning Type, By End-user, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global digital education market was prized by USD 9.35 billion in 2020. It is estimated to witness 30.5% CAGR from 2021 to 2028.

The digital education can be described as an imaginative technique of education, executed by making use of the digital tools along with technologies. This is performed throughout the complete procedure of learning & teaching. It is, particularly, recognized as digital learning or Technology Enhanced Learning (TEL).

Drivers

Mainly, the development is steered by ease of access to global content, attractive teaching models, growth in global infiltration of internet, rising acceptance of smart phones, and well known teachers. These are the factors powering the enlargement of the market for digital education.

The fundamental characteristics of digital education, intended for the students as well as experts are extended opportunity for learning, honed important thinking ability, useful independent education proficiency and custom-made education.

Revolutionary technology like Augmented Reality (AR) is projected to perform a major function in nurturing the expansion of the digital education market. Augmented Reality increases the actual surroundings by means of multimedia, text, graphics, along with sound effects. Augmented reality is making its place in the education segment and globally increasing attractiveness in universities and schools.

Restraints

Yet, a few challenges linked with the digital education comprise, mainly it concentrates on theory, self-motivation in addition to appropriate time organization ability, dishonest is inescapable, restricted admittance to the internet, and short of social contact. Students use up the majority of their time watching videos, study slide presentation and paying attention to the podcasts. This generate a need of opening for teaches to carry out experimentation. This contemporary technique of education necessitates high-quality internet connection and smart devices.

As, in India, the continuing Covid-19 pandemic has formed three relevant problems with the entire digital education system, together with the educational matters causing awful class education, declining difference between the society and unfair push on the digital education, post Covid-19.

Learning Type Insight

By means of learning type, the digital education market is classified into self-paced and instructor-led. The instructor-led learning type state teaching that comprise one or more teachers that present teaching to someone or by means of discussions, lectures, demonstrations, and presentations.

The self-paced sector held more than 65.0% revenue share and dominated the global market, in 2020. The aspects connected with self-paced education consist of less costly, suitable for diverse learning models, less interruptions, making individual timetable, and less strain in offered live education.

The instructor-led sector is projected to increase by the maximum CAGR, throughout the forecast period.

Course Type Insight

The Science, Technology, Engineering, and Mathematics (STEM) section held more than 70.0% revenue share and dominated the global digital education market, in 2020. On the basis of course type, the market is classified into business management, STEM plus others. The STEM section consists of each and every one associated branches of learning in these disciplines, and there is a greater demand for STEM alumnae, through a variety of industries.

Artificial Intelligence (AI) has substantial effect on every industry, together with the education industry. It has headed the market for digital education. The teachers of STEM section will be making use of Artificial Intelligence (AI) in the classroom to make easier their flow of work.

The technology is likely to assist STEM teachers in reformation of teaching responsibilities for example, AI is able to mechanize everyday organizational jobs rather than teachers waste their time on rating homework and exams, comment on quality of lessons and custom-made study.

The class of response is more professional than the usual one because the chatbot incorporates AI technology. This is similar to connect with a human being. Thus, the business management section is projected to record the maximum CAGR, during the forecast period. 

End User Insight

By means of end-user, the digital education market is subdivided into enterprises and academic institutions & individuals. If academic institutions take on digital education like one of their offerings, it presents them extra advantage. The limitations forced, throughout the pandemic times, affected the institutes, those were working merely offline. Whereas, those institutes which accepted this like an opening and began presenting online services will, obviously, increase more than others.

The academic institutions & individuals division held more than 80.0% revenue share and dominated the global market for the digital education, in 2020.

For enterprises, acceptance of the digital means is a subject of continued existence. Enterprises should provide the entire growing customer expectations and give them the finest services. After the pandemic, expectations have, moreover, developed immensely.

Hence, the capability of enterprises to complete these expectations along with become accustomed to the new-fangled situation of business will be exceptionally significant for flourishing like an organization.

Regional Insight

In 2020, North America held more than 35.0% revenue share and led the global digital education market. This is credited to companies’ policy of geological growth and fast launching of the product, to get the advantage in the market.

The market in Europe is projected to observe a stable development plan, during the forecast period. The increasing concentration on connectivity, infrastructure, and network, is expected to augment digital education, within European area.

The Asia Pacific market is expected to record the maximum CAGR, during the forecast period. On account of the huge smart phone holders, the budding Asia Pacific markets have large prospective for the extensive implementation of digital education. This is one of the major reasons expected to increase the demand for digital education within this section, during the near future.

Companies

By way of companies extending from near the beginning phase start-ups to widely operating businesses, the global market is a speedily rising region. The market participants are taking ona number of tactical plans for example, joint ventures with other well-known companies, mergers & acquisitions and partnerships. The companies concentrate on increasing finances, used for the geological growth and new product presentation.

Some of the companies for digital education market are:

    • Iversity
    • Miriadax
    • Udacity, Inc
    • Pluralsight LLC
    • Coursera Inc.
    • Intellipaat
    • Jigsaw Academy
    • Udemy, Inc.
    • Brain4ce Education Solutions Pvt. Ltd. (Edureka)
    • edX Inc.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For this study, Million Insights has segmented the global digital education market report based on course type, learning type, end-user, and region:

• Course Type Outlook (Revenue, USD Million, 2017 - 2028)
    • Science, Technology, Engineering, and Mathematics (STEM)
    • Business Management
    • Others

• Learning Type Outlook (Revenue, USD Million, 2017 - 2028)
    • Self-paced
    • Instructor-led

• End-user Outlook (Revenue, USD Million, 2017 - 2028)
    • Academic Institutions & Individuals
    • Enterprises

• Regional Outlook (Revenue, USD Million, 2017 - 2028)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
    • Asia Pacific
        • China
        • Japan
        • India
    • South America
        • Brazil
    • Middle East and Africa (MEA)