Online Education Market Research Report by Forecast to 2023

Posted by Kiran on November 12th, 2019

Online Education Market Scenario:

Online education refers to an electronically supported system of learning that uses internet services for the distribution of study materials and interaction between teachers and students. In this recently published report by Market Research Future (MRFR), the global online education market is expected to register 28.55% CAGR over the forecast period 2017 to 2023.

The rising penetration of internet services has multiplied the growth potential of the market by leaps and bounds. A large number of players are likely to enter the global online education market in the forthcoming years. This, in turn, is assessed to have an encouraging influence on the expansion of the online education market in the nearby future.

Major Key Players:

Lynda.Com (US), McGraw-Hill Education (US), Pearson PLC (UK), Blackboard Inc. (US), Adobe Systems Inc. (US), Aptara Inc. (US), Docebo (Canada), PowerSchool Group LLC (US), Edmodo (US), Tata Interactive Systems (India), Udacity, Inc. (US), K12 Inc. (US), and Classteacher Learning Systems (India) are  some of leaders in  the online education market.

Access Report Details @https://www.marketresearchfuture.com/reports/online-education-market-3957

Market Segmentation:

Based on component, the segments and sub-segment of the online education market are hardware (Laptop, PC, Mobile, and others) and software (Worldclass, Yuja, Courseplay, and others). The hardware segment is expected to account for the most substantial share of the market. Meanwhile, the software segment is anticipated to strike a higher CAGR of 31.2% over the assessment period.

Product-wise segmentation of the global online education market is covers - content (technical, commerce, management, arts, and others) and services (test preparation, online certification, primary & secondary supplementary education, higher education and language, and others). Among these, the content segment is estimated to hold the maximum market share over the next couple of years. On the other side, the services segment is likely to exhibit a faster rate of growth in the foreseeable future.

By learning type, the online education market has been segmented into synchronous (chat, video, voice, and live streaming) and asynchronous (e-mail, discussion boards, digital curriculum material, social networking). The synchronous learning type is anticipated to have a considerable share of the market in the forthcoming years, reflecting the highest CAGR of 31.01%.