Online Education Market Size to Grow by USD 121.85 Billion | 37% of the growth will originate from APAC

NEW YORK, June 6, 2022 /PRNewswire/ — The “Online Education Market by Product (primary and secondary supplemental education (PSSE), reskilling and online certifications (ROC), higher education, test preparation, and language and casual learning (LCL)) and Geographic (North America, APAC, Europe, South America, MEA, North America, APAC, Europe, South America, and MEA) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the online education market between 2020 and 2025 is USD 121.85 billion, as per the latest market analysis report by Technavio The report predicts the market to witness a decelerating growth momentum at a CAGR of 9.24% during the projected period.

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Revenue-generating Segment Highlights

The online education market report is segmented by Product (primary and secondary supplemental education (PSSE), reskilling and online certifications (ROC), higher education, test preparation, and language and casual learning (LCL)) and Geographic Landscape (North America, APAC, Europe, South America, MEA, North America, APAC, Europe, South America, and MEA).

• The primary and secondary supplemental education segment held the largest online education market share in 2021. The segment will continue to account for the highest revenue throughout the projected period. the growth of this segment is attributed to the factors such as the growing interest of students for a detailed understanding of subjects and increased awareness among the students regarding the availability of such a mode of education, especially in developing countries.

• APAC will be the leading region with 37% of the market’s growth during the forecast period. China is a key market for online education in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The presence of a large consumer base, increasing awareness about online courses, growing Internet penetration, the adoption of smartphones, the increasing emphasis on technology by educational institutions, and favorable government initiatives will facilitate the online education market growth in APAC over the forecast period.

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Key Market Dynamics:

• Market Drivers: The growing advantages of online learning are expected to influence the market growth positively in the upcoming years. Vendors are offering audio-visual customized content and simulation learning platforms as per the school’s curriculum. Furthermore, the availability of various support solutions, such as learning management solution (LMS) and enterprise resource planning (ERP), as well as augmented reality (AR), virtual reality (VR), blended learning solutions, and student assessment software, will also play a major role in enhancing the demand for online education by various schools and universities. In addition, the growing popularity of education apps is one of the key trends supporting the online education market share growth.

• Market Challenge: The growth of the e-learning and online education market is cybersecurity will emerge as one of the most challenging factors impacting the online education market growth adversely during the forecast period. The key reasons for the vulnerability of the educational sector to cyberattacks include the availability of valuable user and organizational data, the lack of a centralized structure for data storage, and the unregulated use of personal digital devices. The inadequacy of the cybersecurity measures adopted by educational institutions and individual learners is expected to hamper the growth of the global online education market during the forecast period.

To learn about additional key drivers, trends, and challenges available with Technavio. Read Sample Report Right Here!

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Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Type

6 Customer landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

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SOURCE Technavio