Digital Education Market By Learning Type (Self-Paced Online Education and Instructor-Led Online Education), By Course Type (Entrepreneurship & Business Management Courses and Science & Technology Courses), By Learning Device Type (Hardware, Software, and Services), By End User (Individual & Academics, Enterprises, and Government Organizations) – Global Analysis & Forecast 2020-2030
Report ID : 360 | Published Date : Jun 2020 | Pages : 150 | Region : Global | Report Code : IT-33
Digital Education Market Introduction & Overview
The growth in digital technologies and the pace at which they evolve are making the world more connected. From education to financial & health management, digital technologies are becoming profoundly intertwined with daily life. Digital education refers to the utilization of digital tools & technologies in teaching & learning processes. Various digital platforms are rapidly entering the education and skills market to provide knowledge and skills innovatively. Earlier classroom training was restricted to textbooks and blackboard learning. Digital education is replacing traditional classroom training in several ways. Many nations have responded to technological changes by embedding digital technology in educational institutions to provide a better interactive learning experience. It also includes peer-to-peer social learning platforms that promote open learning and enhance collaboration between students. For example, edX, a collaborative non-profit online learning program of the Massachusetts Institute of Technology and Harvard University, links like-minded people through peer-to-peer social learning tools.
The digital education market is driven by factors, such as the worldwide penetration of the Internet, reduced infrastructure costs, increased scalability through online learning, and the increased demand for micro-learning. Digital education also delivers interactive training cost-effectively. It allows students to learn at their own pace and return to the class at any time and any location. Moreover, to prevent the spread of COVID-10, schools and universities are moving to distance learning by adopting technologies and tools to bridge the gaps between tutors and students.
However, the lack of face-to-face interactions and direct monitoring may restrain the growth of the market to a certain extent.
The global digital education market can be segmented into learning type, course type, learning device type, end-user, and region.
Digital Education Market By Learning Type
Based on the learning type, the market can be segmented into self-paced online education and instructor-led online education. During the forecast period, online instructor-led education is expected to grow at a higher CAGR due to factors, such as growing awareness regarding the benefits of instructor-led education and preference for online instructor-led education, particularly for skill-based courses. Although instructor-led online education is more expensive when compared with self-paced online education, students prefer instructor-led education as it promotes critical thinking, rapid learning, and engages students in activities that help in the overall improvement of the quality of education.
Digital Education Market By Course Type
Based on the course type, the market can be classified into entrepreneurship & business management courses, science & technology courses, and others. Science & technology course occupied the larger market share during the forecast period owing to factors, such as growing IoT adoption in various companies, which requires a skilled workforce to handle the data through a variety of tools, techniques, and computer languages. Companies have started relying on digital educational platforms to upgrade their workforce; hence, in the last couple of years, computer science and programming courses have seen increased adoption.
Digital Education Market By Learning Device Type
Based on the learning device type, the market can be classified into hardware, software, and services. The hardware segment accounted for the largest market share during the forecast period as tablets, smartphones, etc. are portable and allow students to document by taking photos, videos, and making voice recordings about what they experience. Also, easy shopping of devices online with doorstep delivery will further add to the significant growth of this segment during the forecast period.
Digital Education Market By End User
Based on the end-user, the market can be classified into individual & academics, enterprises, and government organizations. The individual & academics segment accounted for the largest market share owing to factors such as the rapid acceptance and implementation of digital technology in educational practices.
Digital Education Market By Region
Based on the region, the market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (ROW). North America dominated the digital education market, owing to collaborations between governments & network arenas and strategic collaborations between digital education vendors & research specialists. Compared to the rest of the world, North America is expected to develop and embrace emerging innovations at the fastest rate and dominate the digital education ecosystem.
Digital Education Market Prominent Players
Some of the key players operating in the digital education market include Pluralsight LLC, Coursera Inc., Udacity, Inc., edX Inc., iversity learning solutions GmbH, Udemy, Inc., NovoEd, Alison, LinkedIn Corporation, FutureLearn, and others.