The online education market is anticipated to grow rapidly at a CAGR of 28.55% during the forecast period 2017–2023. The global online education market is driven by increasing penetration of smartphones and growing demand to reduce the cost of education. These factors have helped shape the online education market and are expected to boost the growth. Companies in the online education market could also face challenges such as availability of abundant free content and lack of awareness. The details covered in the online education market report cover all the aspects of the industry. Online education market analysts have also shared growth projections in the report and have suggested online education market players to plan growth strategies accordingly.
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The global online education market has been segmented based on component, product, learning type, and vertical. On the basis of components, the market for online education is segmented based on hardware and software. Additionally, the market on the basis of product, is segmented into Content and Services. The global market for online education is also covered based on the learning type segment which is further split into synchronous and asynchronous. On the basis of vertical, the market for online education is segmented based on industry and professional, higher education, k-12, and others.
Factors like increasing government initiatives supporting online education and increasing penetration of the Internet support the online education market growth. The performance of the online education market has also been studied for the past and current years. Additionally, the online education market report provides analysis of these segments. The online education market segmental analysis provided in the report offers major details about the online education market performance and future.
Companies in the online education market are spread across the world. The online education market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American online education market has many companies across the United States, Canada, and Mexico. Europe has companies in the online education market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the online education market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The online education market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the online education market can be found in the market research report.
The online education market is supported by growing investments by online education key players and rising learning management software tools. The population growth around the world and increasing demand of online education market based services and products also support the market growth. However, the online education market growth can be affected due to unavailability of content in regional languages and growing competitiveness due to free content. The report covers all such details which will help companies in the online education market to strengthen their business plan and improve their product portfolio. The online education market research report also provides company profiles of major companies. The company profile of organizations operating in the online education market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the online education market. New entrants and established players can plan their strategies based on this data provided in the online education market research report.
Kahoot, the Online Education Business, is “on track,” its CEO told in an interview that by the end of March it had contributed to the firm’s steady growth in 2020 following the pandemic boom in digital learning. Kahoot is an online learning service located in Oslo that allows players to create and compete in many selection quizzes.
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Online Education Market Research Report: Information By Component [Hardware (Laptop, Mobile, PC and others) and Software (Worldclass, Courseplay, Yuja and others)], Product [Content (Technical, Management, Commerce, Arts and others) and Servicers (Primary and Secondary Supplementary Education, Test Preparation, Online Certification, Higher Education and Language and others)], Learning Type [Synchronous (Chat, Voice, Video and Live Streaming) and Asynchronous (Digital Curriculum Material, e-Mail, Discussion Boards, Social Networking)], Vertical (K-12, Higher Education, Industry and Professional and others) – Forecast till 2023