Digital Education Market is anticipated to grow at a CAGR of 29.7% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Digital Education Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the Global Digital Education Market accounted for over ~US$ 6.7 billion in 2019. It is anticipated to grow at a CAGR of 29.7% from 2020 to 2030.
The growth of the digital education market can be attributed to several factors, such as a flexible learning environment, distance education beyond boundaries, and globalized learning with maximized exposure. Also, colleges and universities are shifting toward distance learning to avoid the transmission of COVID-19 contamination by implementing technologies and tools to bridge the gaps between teachers and students.
Factors such as global internet penetration, reduced infrastructure costs, and increased scalability through online learning and the increased demand for micro-learning are driving the digital education market. Before COVID-19, the growth and acceptance of digital education technologies were already strong. Since the outbreak of COVID-19, there has been a significant increase in the utilization of language applications, virtual tutoring, video conferencing tools, and online learning software. In mid-February, 2019 a quarter of a billion full-time students were advised by the Chinese Government to restart their studies via online platforms. This resulted in the largest "online movement" in education history with ~730,000, or 81% of K-12 students attending classes through the Wuhan Tencent K-12 Online School.
However, the lack of face-to-face interactions and direct monitoring may restrain market growth to a certain extent.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, 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 in detail along with the table of contents:https://www.marketindustryreports.com/digital-education-market/360
North America dominated the digital education market owing to collaboration between governments & network arenas and strategic collaborations between digital education vendors & research specialists. Also, companies have started relying on digital educational platforms to upgrade their workforce; hence, in the last couple of years, computer science & programming courses have seen increased adoption. The main drivers of growth include large-scale spending by North American universities on outsourced digital education services. Many local universities have developed their digital education and formed alliances with the providers of platforms.
Some of the prominent players 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.
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