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Pulished Date February, 2020
ID: 9725
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Global Digital Education Market Report By End user (Individual, Enterprises), learning type (Self-Paced and Instructor led), Course Type (Science and Technology Courses, Entrepreneurship and Business Management Courses, Others) - Forecast to 2025

Pulished: February, 2020
ID: 9725
Pages: 150

Global Digital Education Market Size & Growth Analysis (2020 – 2025)

The global digital education market size is predicted to expand from USD 8.4 billion in 2019 to USD 33.2 billion by 2025, at a stunning compound annual growth rate (CAGR) of 31.4% during the conjecture period of 2020 to 2025.

Some of the prominent aspects determined to drive the growth of the digital education market include increased internet access around the world, reduced infrastructure cost and increased scalability of many modes involved in online learning, and an increasing trend towards microlearning. Technological advancement and innovations such as MOOC based learning models and online classrooms, make the Digital Education paradigm lucrative for existing primarily offline education services.

A major challenge for digital education is the lack of credible certification. The ease with which end users might cheat their way through evaluative components of the digital material makes the credibility of digital certification suspect. Nevertheless, the Digital Education industry has started finding workarounds to this problem as well.  

Market Growth Rate

The increased number of mobile phones and tablets, and the demand for custom made self-paced learning content has paved the way for greater digital education services. Several vendors in the global digital education content market offer content that is compatible with handheld devices like mobile phones and tablets, in addition, the industry has capitalized on the capabilities of these devices to create audio-based and visual content that cannot be produced in the standard offline learning environment. In addition, learners and some educational institutions are increasingly moving towards digital content over traditional methods. An essential component of the digital education story is the role of cloud computing, this has enabled reliable storage and compilation of digital content. Thus, the rising penetration of Internet-enabled devices will drive the growth of the market. Furthermore, due to the ongoing crisis of the COVID 19 pandemic, it has been seen that students and working professionals have increased their digital education content consumption manifold. This is in part fueled by companies like Coursera making their courses free for college enrolled students, and in part because of the anticipated recession after the resolution of the COVID 19 pandemic.

Impact of Covid-19 on the market

Covid-19 has brought the world into turmoil. Businesses around the world are on a standstill as a worldwide lockdown is being witnessed. However, the global digital education industry is experiencing positive growth in the number of enrollments and course completion. Companies like Coursera and Udemy have seen record numbers of enrollments in courses during the pandemic. Commercial digital education platforms such as Byju’s have also seen a rise in enrollments from school children over the pandemic period. This is in part because of the inertia shown by the school system to adopt digital practices for the adequate administration of instruction.

Global Digital Education Market – Market Dynamics

Drivers

  • Ease of access to content from any corner of the world
  • Self-paced mode of administration offers convenience to learn at the desired speed
  • The best in class teachers producing content, which can help students to learn in an efficient way
  • Educational content that uses both visual and audio sensory roots for the administration of content
  • Hands on exposure to computer as well as programming content over cloud-based architecture
  • Ease of deployment

Restraints

  • Lack of credible certification
  • Sometimes a lack of good doubt clearing platform
  • Some courses are comparatively expensive

Global Digital Education Market – Market Segmentation

By End User

  • Individual Learners and Academic Institutions
  • Enterprises and Government Organizations

By Learning Type

  • Self-Paced Online Education
  • Instructor-Led Online Education

By Course Type

  • Science and Technology Courses
  • Entrepreneurship and Business Management Courses
  • Others

Global Digital Education Market – Segmentation Growth

Based on course type, science and technology courses include computer science, health and medicine, engineering, chemistry, and physics. Computer science and programming deal with creating end- to-end systems that are capable of performing a computational function. Companies are encouraging their employees to enroll on digital education platforms to improve their skills, therefore promoting the segment computer science and programming courses.

Instructor-led online education is being preferred for several skill-based courses as they offer added advantage of interaction with the instructor. Although the cost involved with this segment is high, the instructor-led digital education is predicted to expand in the coming years.

By end user, the individual learners and academic organizations sector is poised to grow on both fronts primarily because of the personal drive to upskill oneself becoming more common and the increasing desire in companies to see their employees work with new and more efficient methods of their industry.

Geographical & Regional Presence

By Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Based on the geography, the global digital education market can be divided into 5 major key regions: North America, Latin America, Europe, Asia Pacific and Middle East and Africa. In terms of revenue, Asia pacific is expected to witness high growth over the outlook period. The key factor of this growth will be industrial developments in the developing nations of the region therefore increasing the skill demand from the work force and an increasing emphasis on the state of the art.

North American educational institutions are the fastest in adapting to the digital platforms. The increasing collaborations of digital education vendors and research specialists are the main growth driver in the North American market. The region is determined to develop in a remarkable way due to the rising adoption of novel technologies compared to other areas in the digital education ecosystem. Also, the large-scale investments in outsourcing digital education services by various universities in North America will supplement industry growth in future.

Latin American market is expected to have lucrative growth revenue wise during the calculated period. Also, the Middle East & Africa is expected to follow Latin America in terms of revenue in the global Digital Education market.

Recent Developments

  • In March 2020, as a solution in Covid-19 pandemic, Coursera initiated a program to help universities and colleges to offer courses at free cost to people around the world. Universities can access the Coursera platform to provide more than 3,800 courses and 400 specializations to students worldwide.
  • edX, during January 2002, introduced its MicroBachelors Programs that is specially designed for people that do not have any academic degree. Strong credentials are estimated to promote this course compared to the other programs.
  • In May 2019, Coursera published about the beginning of its new office in Toronto, Canada that is envisioned to assist the firm to onboard talented resources and offer services to more students.
  • Pluralsight completed the purchase of GitPrime in May 2018, which is a leading developer productivity platform. This purchase is touted to enhance the Pluralsight’s platform to add more value to its learners.

Global Digital education Market – Key Players

Prominent players in the Digital Education market are:

  • Coursera
  • edX
  • BYJU'S
  • Edureka
  • Udemy
  • Udacity
  • Eduonix

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Digital Education Market, By End-User                           

                                6.1.1 Individual Learners and Academic Institutions         

                                6.1.2 Enterprises and Government Organizations             

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Digital Education Market, By Learning Type                  

                                6.2.1 Self-Paced Online Education           

                                6.2.2 Instructor-Led Online Education    

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

                6.3 Digital Education Market, By Course Type                     

                                6.3.1 Science and Technology Courses   

                                6.3.2 Entrepreneurship and Business Management Courses       

                                6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By End-User           

                                7.2.3 By Learning Type  

                                7.2.4 By Course Type     

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By End-User           

                                7.3.3 By Learning Type  

                                7.3.4 By Course Type     

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By End-User           

                                7.4.3 By Learning Type  

                                7.4.4 By Course Type     

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By End-User           

                                7.5.3 By Learning Type  

                                7.5.4 By Course Type     

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By End-User           

                                7.6.3 By Learning Type  

                                7.6.4 By Course Type     

8. Key Player Analysis                                    

                8.1 Coursera                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 edX                

                8.3 ByJus                             

                8.4 Edureka                       

                8.5 Udemy                         

                8.6 Udacity                         

                8.7 Eduonix                        

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of End-User, Learning Type, Course Type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Digital Education Market By Region, From 2020-2025 ( USD Billion )
  2. Global Digital Education Market By End-User, From 2020-2025 ( USD Billion )
  3. Global Individual Learners and Academic Institutions Market By Region, From 2020-2025 ( USD Billion )
  4. Global Enterprises and Government Organizations Market By Region, From 2020-2025 ( USD Billion )
  5. Global Digital Education Market By Learning Type, From 2020-2025 ( USD Billion )
  6. Global Self-Paced Online Education Market By Region, From 2020-2025 ( USD Billion )
  7. Global Instructor-Led Online Education Market By Region, From 2020-2025 ( USD Billion )
  8. Global Digital Education Market By Course Type, From 2020-2025 ( USD Billion )
  9. Global Science and Technology Courses Market By Region, From 2020-2025 ( USD Billion )
  10. Global Entrepreneurship and Business Management Courses Market By Region, From 2020-2025 ( USD Billion )

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