Global Online Education Market Outlook 2027
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Product Code:
RP-ID-10307048 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
30 -
Category:
Service Industry -
Publisher:
Pub-ID-9
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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Global Online Education Market Analysis – 2018-2027
Online education is referred to the learning system backed by internet services for the interaction and distribution of educational materials between students and faculties. With the help of online education students can access to educational materials and information from any part of the world and at any time. The global online education market is anticipated to record a CAGR of 12.68% over the forecast period, i.e. 2019-2027. Factors such as growing internet penetration and the advent in digital technologies, along with implementation of digital technologies across end-user industries are anticipated to promote the growth of the online education market. Moreover, growth of virtual reality and augmented reality technologies, which help to leverage the quality of online education, coupled with investments from educational institutes for shifting to digital education platforms are some of the factors anticipated to promote significantly towards the growth of the global online education market.
The global online education market is anticipated to grow by 14% Y-o-Y and an incremental $ opportunity of USD 54.05 billion in the year 2027 as compared to the previous year. The market is segmented by region into North America, Europe, Asia Pacific, Latin America and Middle East & Africa, out of which, the market in North America is anticipated to hold the largest market share, followed by Europe, Asia Pacific, Middle East & Africa and Latin America. The online education market in Latin America is anticipated to grow at a steady rate over the forecast period owing to rising opportunities for e-learning suppliers, such as content, hardware and software services, along with favorable support from the government for promoting online education and digital learning.
Some of the key industry leaders in the global online education market include Pearson plc, McGraw Hill and Adobe among others. Apart from these players, several other players are increasingly expanding their services globally so as to gain an extra edge of competitiveness.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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Pearson plc, McGraw Hill, Adobe