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Online Education Market Share

The global online education market is slated to progress at a remarkable CAGR during the forecast period.
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Online Education Market Size, Share, Analysis, Growth, Trends
and Forecasts to 2025 | Hexa Research
“Global online education market is slated to progress
at a remarkable CAGR during the forecast period.”
1 March 2019, The global Online Education Market is slated to progress at a remarkable CAGR during the
forecast period, from 2017 to 2025. Online education programs offer flexibility in learning, easy accessibility,
low cost, and increased effectiveness. The market is likely to thrive on limitations of traditional education
system. E-learning, compared to conventional learning, is more convenient, saves time, money, and energy,
does not require much in terms of infrastructure, and can be gained from the comfort of one’s home or office.
Rising adoption of e-learning platforms by educational institutes and corporate organizations is poised to work
in favor of the market.
Governments in several countries, in their pursuit to digitize the education system, are significantly investing in
the market. Several countries are transitioning from a conventional teacher-centred approach to learner-centric
methods. As a result, the market is projected to attain significant value toward the end of forecast period.
Proliferation of smartphones and other portable devices, coupled with improving internet infrastructure, is
anticipated to stoke market growth. Platforms that incorporate gaming to facilitate learning have been gaining
popularity in recent years. Advancements in IT security and growing adoption of cloud-based technologies are
enabling users to enjoy a smooth learning experience via safe online education infrastructure, thereby
providing a fillip to the market. In addition, rapid improvements in the field of artificial intelligence are
estimated to bolster market growth.
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There is an increasing shift toward SaaS-based solutions and learning software to improve overall learning
experience. Big data analytics is playing a vital role in the field of online education as massive data can be
effectively managed and utilized to enhance overall curriculum or training. Online learning programs are not
only limited to academic institutes, but also find application in corporate set-ups as they provide scope for
customization and collaboration.
On the other hand, continual advancements in technologies pertaining to online education can lead to
technology obsolescence, which can act as a challenge for market players. Moreover, lack of awareness in
developing or less developed countries can inhibit market growth.
The global online education market comprises faculty support, content providers, and service providers. There
is high demand for content across the world due to increase in inclination toward self-paced learning among
employees and students. Some of the technologies related to e-learning are virtual classroom, learning content
management system, knowledge management system, application simulation tool, learning management
system, podcasts, and mobile and rapid e-learning.
Geographically, developed regions such as North America and Europe are expected to account for a larger
cumulative share in the market over the forecast period. There is a higher adoption of advanced technologies in
these regions compared to developing markets. Moreover, universities are collaborating with each other to
introduce e-learning programs that are flexible and offer enhanced learning experience. State-of-the-art IT
infrastructure and early adoption of cloud and artificial technologies have also contributed to the growth of
these regional markets.
Asia Pacific (APAC), on the other hand, is likely to witness substantial growth during the forecast period, w hich
can be attributed to increasing government spending on the education sector. Dearth of trained teachers in
schools and colleges is resulting in increase in inclination for self-reliant learning programs, thereby
supplementing market growth in APAC.
Players in the global market are focusing on innovation and differentiation to stay ahead in the competition.
They are collaborating with governments and educational institutes to consolidate their position in the market.
Mergers and acquisitions have been a go-to growth strategy for a number of players. For instance, in October
2018, Acadview Software, a skill developing platform, was acquired by UpGrad, an online higher education
company. The acquisition was aimed at helping the latter to provide learning solutions to deliver education
regarding in-demand technologies, upgrade skills of college students, and bridge their employability gap.
Some of the prominent companies operating in the market are Apollo Education Group Inc.; Adobe systems
Inc.; Citrix; Cisco Systems; McGrawHill; HealthStream Inc.; Cisco; Aptara; SAP; Oracle; Saba Software; Microsoft;
Blackboard Inc.; Pearson; Skill Soft; Desire2Learn; N2N Services; Articulate; Tata Interactive Systems; and Haiku
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