Online learning is becoming an essential part of the educational landscape. The online program enrollments are increasingly driven by the rising number of students who are looking for flexible formats for certificates, courses, and degree programs to support career placement as well as to pursue advanced studies. Students who enrolled in on-campus programs are also focusing on registering for the hybrid to fully online courses during their enrollment. Online bachelor’s degrees are booming among students as many prestigious and large institutions are shifting toward various online degree programs owing to the high-quality technical assistance in the learning experience. Further, the graduate students in today’s time are actively focusing on pursuing virtual courses for their higher studies.
The online program management market was valued at US$ 3,916.3 Mn in 2019 and is expected to grow at a CAGR of 15.4% from 2020to 2027 to reach US$11,986.4 Mn by 2027.
Get Sample Copy at https://www.theinsightpartners.com/sample/TIPRE00008061
For instance, distance learning for the MBA course is gaining popularity with sturdy growth in online MBA courses year-on-year. Registration for these kinds of programs is increasing among public and non-profit universities as the demand for virtual programs is increasing, which is anticipated to bolster the growth of the online program management market. Moreover, the rising need for career-related skills development and life-long learning is playing an essential role in propelling the growth of online programs. For online program providers, the certificate course purchasers cover a large segment as numerous students opt online courses for improving their skillset knowledge, and these courses are associated with industry standards. By receiving certifications associated with their field, professionals are now enhancing their value to the company as well as their position. This ambitious choice is further expected to keep them updated with the technology, industry trends, and many other topic areas that are constantly evolving around the world. By remaining relevant and educated via opting different and suitable courses provide the best chance to advance the individual career in the present scenario. For instance, the growing popularity of data analytics amongst the students, many online educational portals, and colleges have designed a series of courses on data analytics and data market research. Thus, the rising demand for both online degrees as well as professional courses is boosting the growth of the online program management market.
Strategic Insights
Merger & acquisition strategy is commonly adopted by companies to expand their footprint worldwide and meet the growing demand. This strategy is mostly observed in North America. Few of the recent acquisitions are listed below;
2018: Wiley acquired The Learning House, Inc. This has extended companies provide online program management services including graduate and undergraduate programs, short courses, boot camps, and other for international students, professional development services for teachers, and others.
2017: 2U acquired Get Educated International Proprietary Limited. The company acquired Get Educated International Proprietary Limited. As a result, the company now manages its operations through two reportable segments.
Online Program Management Market – By Business Model
Online Program Management Market – By Education Level
Buy Complete Report at https://www.theinsightpartners.com/buy/TIPRE00008061