Online Education Market Size To Grow At A CAGR Of 9.49% From 2022 To 2027, Evolving Opportunities With 2U Inc. And Alef Education Consultancy LLC - Technavio

2023-03-01 04:02:08

(MENAFN- PR Newswire) NEW YORK, March 1, 2023 /PRNewswire/ -- The online education market size is expected to grow by USD 148.22 billion from 2022 to 2027.
As per the latest report, the market will accelerate at a CAGR of 9.49% during the forecast period.
This report aids business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment.
For more insights on the historic (2017 to 2021) and forecast market size (2023
to 2027)
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Technavio has announced its latest market research report titled Global Online Education Market 2023-2027

Online education market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our online education market report covers the following areas:

online education market size
online education market trends
online education market industry analysis

Online education market 2023-2027: Vendor analysis

2U Inc., Alef Education Consultancy LLC, Ambow Education Holding Ltd., Aptara Inc., Cengage Learning Inc., Coursera Inc., edX LLC, General Assembly Space Inc., Instructure Holdings Inc., ITS EDUCATION ASIA, iTutorGroup Ltd., iversity Learning Solutions GmbH, LinkedIn Corp., McGraw Hill Education Inc., Online Education Pty. Ltd., Pearson Plc, Pluralsight Inc., Think and Learn Pvt. Ltd., Udacity Inc., and Udemy Inc.
are some of the major market participants.

Key vendor offerings

2U Inc. - The company offers services for online education giving options for technical reskilling in data analytics, UX/UI, cybersecurity, and more.
Alef Education Consultancy LLC - The company offers services for online education and
provide
intensive, focused opportunities for upskilling mid-career professionals.
Aptara Inc. - The company offers services for online education to kids, which include subjects such as mathematics, English language, science, social studies, and Spanish.
Cengage Learning Inc. -
The company offers services for online education that facilitate learning anytime and anywhere with its Cengage Digital app, which delivers supplementary digital resources in the form of assessments.

Online education market 2023-2027: Driver

The standardization of tests will drive market growth during the forecast period. The increasing adoption of advanced technologies, the inefficiency of the traditional education system, and the rising use of customization in content delivery are leading to the standardization of tests. Comprehensive content is available at affordable prices to students. Brands can differentiate themselves based on the provision of value-added services such as soft skills development and career counseling. These factors will fuel the market growth during the forecast period.

Online education market 2023-2027: Segmentation

Geography
- North America: North America is projected to account for 33% of the market's growth during the forecast period. There is high adoption of digital education content in North America. Companies are investing in new technologies, which enable students to learn using the digital mode of education while exploring a virtual learning environment. The US is the key market in the region. The growth of the market in the country is driven by the increasing acceptance of online degrees.
- APAC
- Europe
- South America
- Middle East and Africa
Type
- Primary and secondary supplemental education
- Reskilling and online certifications
- Higher education
- Test preparation
- Language and casual learning
End-user
- Academic
- Corporate
- Government

Get a glance of the market contribution of various segments including country and region wise,historic (2017 to 2021) and forecast market size (2023
to 2027)
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What`s New for 2023?

Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Online education market 2023-2027: Key highlights

CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist online education market growth during the next five years
Estimation of the online education market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the online education market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of online education market vendors

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Analyzes competitor's offerings
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Online Education Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 9.49%
Market growth 2023-2027	USD 148.22 billion
Market structure	Fragmented
YoY growth 2022- 2023 (%)	8.92
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 33%
Key countries	US, China, India, Germany, UK, Canada, Mexico, Italy,Spain, Japan, Australia, and South Korea
Competitive landscape	Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled	2U Inc., Alef Education Consultancy LLC, Ambow Education Holding Ltd., Aptara Inc., Cengage Learning Inc., Coursera Inc., edX LLC, General Assembly Space Inc., Instructure Holdings Inc., ITS EDUCATION ASIA, iTutorGroup Ltd., iversity Learning Solutions GmbH, LinkedIn Corp., McGraw Hill Education Inc., Online Education Pty. Ltd., Pearson Plc, Pluralsight Inc., Think and Learn Pvt. Ltd., Udacity Inc., and Udemy Inc.
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents :

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global online education market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global online education market 2017 - 2021 ($ billion)

4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

4.3 End Users Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End Users Segment 2017 - 2021 ($ billion)

4.4 Region Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Region Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 29: Chart on Type - Market share 2022-2027 (%)
- Exhibit 30: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 31: Chart on Comparison by Type
- Exhibit 32: Data Table on Comparison by Type

6.3 Primary and secondary supplemental education - Market size and forecast 2022-2027
- Exhibit 33: Chart on Primary and secondary supplemental education - Market size and forecast 2022-2027 ($ billion)
- Exhibit 34: Data Table on Primary and secondary supplemental education - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Chart on Primary and secondary supplemental education - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Primary and secondary supplemental education - Year-over-year growth 2022-2027 (%)

6.4 Reskilling and online certifications - Market size and forecast 2022-2027
- Exhibit 37: Chart on Reskilling and online certifications - Market size and forecast 2022-2027 ($ billion)
- Exhibit 38: Data Table on Reskilling and online certifications - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Chart on Reskilling and online certifications - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Reskilling and online certifications - Year-over-year growth 2022-2027 (%)

6.5 Higher education - Market size and forecast 2022-2027
- Exhibit 41: Chart on Higher education - Market size and forecast 2022-2027 ($ billion)
- Exhibit 42: Data Table on Higher education - Market size and forecast 2022-2027 ($ billion)
- Exhibit 43: Chart on Higher education - Year-over-year growth 2022-2027 (%)
- Exhibit 44: Data Table on Higher education - Year-over-year growth 2022-2027 (%)

6.6 Test preparation - Market size and forecast 2022-2027
- Exhibit 45: Chart on Test preparation - Market size and forecast 2022-2027 ($ billion)
- Exhibit 46: Data Table on Test preparation - Market size and forecast 2022-2027 ($ billion)
- Exhibit 47: Chart on Test preparation - Year-over-year growth 2022-2027 (%)
- Exhibit 48: Data Table on Test preparation - Year-over-year growth 2022-2027 (%)

6.7 Language and casual learning - Market size and forecast 2022-2027
- Exhibit 49: Chart on Language and casual learning - Market size and forecast 2022-2027 ($ billion)
- Exhibit 50: Data Table on Language and casual learning - Market size and forecast 2022-2027 ($ billion)
- Exhibit 51: Chart on Language and casual learning - Year-over-year growth 2022-2027 (%)
- Exhibit 52: Data Table on Language and casual learning - Year-over-year growth 2022-2027 (%)

6.8 Market opportunity by Type
- Exhibit 53: Market opportunity by Type ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 54: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 55: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user
- Exhibit 56: Chart on Comparison by End-user
- Exhibit 57: Data Table on Comparison by End-user

7.3 Academic - Market size and forecast 2022-2027
- Exhibit 58: Chart on Academic - Market size and forecast 2022-2027 ($ billion)
- Exhibit 59: Data Table on Academic - Market size and forecast 2022-2027 ($ billion)
- Exhibit 60: Chart on Academic - Year-over-year growth 2022-2027 (%)
- Exhibit 61: Data Table on Academic - Year-over-year growth 2022-2027 (%)

7.4 Corporate - Market size and forecast 2022-2027
- Exhibit 62: Chart on Corporate - Market size and forecast 2022-2027 ($ billion)
- Exhibit 63: Data Table on Corporate - Market size and forecast 2022-2027 ($ billion)
- Exhibit 64: Chart on Corporate - Year-over-year growth 2022-2027 (%)
- Exhibit 65: Data Table on Corporate - Year-over-year growth 2022-2027 (%)

7.5 Government - Market size and forecast 2022-2027
- Exhibit 66: Chart on Government - Market size and forecast 2022-2027 ($ billion)
- Exhibit 67: Data Table on Government - Market size and forecast 2022-2027 ($ billion)
- Exhibit 68: Chart on Government - Year-over-year growth 2022-2027 (%)
- Exhibit 69: Data Table on Government - Year-over-year growth 2022-2027 (%)

7.6 Market opportunity by End-user
- Exhibit 70: Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 72: Chart on Market share by geography 2022-2027 (%)
- Exhibit 73: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 74: Chart on Geographic comparison
- Exhibit 75: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027
- Exhibit 76: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 77: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 78: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 79: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 APAC - Market size and forecast 2022-2027
- Exhibit 80: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 81: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 82: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 83: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027
- Exhibit 84: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 85: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 86: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 87: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 88: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 89: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 90: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 91: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 92: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 93: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 94: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 95: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 96: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 97: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 98: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 99: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027
- Exhibit 100: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 101: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 102: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 103: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 India - Market size and forecast 2022-2027
- Exhibit 104: Chart on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 105: Data Table on India - Market size and forecast 2022-2027 ($ billion)
- Exhibit 106: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 107: Data Table on India - Year-over-year growth 2022-2027 (%)

9.11 Germany - Market size and forecast 2022-2027
- Exhibit 108: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 109: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 110: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 111: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.12 UK - Market size and forecast 2022-2027
- Exhibit 112: Chart on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 113: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 114: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 115: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 116: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption

11.4 Industry risks
- Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 121: Vendors covered

12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification

12.3 2U Inc.
- Exhibit 123: 2U Inc. - Overview
- Exhibit 124: 2U Inc. - Business segments
- Exhibit 125: 2U Inc. - Key news
- Exhibit 126: 2U Inc. - Key offerings
- Exhibit 127: 2U Inc. - Segment focus

12.4 Alef Education Consultancy LLC
- Exhibit 128: Alef Education Consultancy LLC - Overview
- Exhibit 129: Alef Education Consultancy LLC - Product / Service
- Exhibit 130: Alef Education Consultancy LLC - Key offerings

12.5 Ambow Education Holding Ltd.
- Exhibit 131: Ambow Education Holding Ltd. - Overview
- Exhibit 132: Ambow Education Holding Ltd. - Business segments
- Exhibit 133: Ambow Education Holding Ltd. - Key news
- Exhibit 134: Ambow Education Holding Ltd. - Key offerings
- Exhibit 135: Ambow Education Holding Ltd. - Segment focus

12.6 Aptara Inc.
- Exhibit 136: Aptara Inc. - Overview
- Exhibit 137: Aptara Inc. - Product / Service
- Exhibit 138: Aptara Inc. - Key offerings

12.7 Cengage Learning Inc.
- Exhibit 139: Cengage Learning Inc. - Overview
- Exhibit 140: Cengage Learning Inc. - Product / Service
- Exhibit 141: Cengage Learning Inc. - Key offerings

12.8 Coursera Inc.
- Exhibit 142: Coursera Inc. - Overview
- Exhibit 143: Coursera Inc. - Business segments
- Exhibit 144: Coursera Inc. - Key news
- Exhibit 145: Coursera Inc. - Key offerings
- Exhibit 146: Coursera Inc. - Segment focus

12.9 edX LLC
- Exhibit 147: edX LLC - Overview
- Exhibit 148: edX LLC - Product / Service
- Exhibit 149: edX LLC - Key offerings

12.10 General Assembly Space Inc.
- Exhibit 150: General Assembly Space Inc. - Overview
- Exhibit 151: General Assembly Space Inc. - Product / Service
- Exhibit 152: General Assembly Space Inc. - Key offerings

12.11 Instructure Holdings Inc.
- Exhibit 153: Instructure Holdings Inc. - Overview
- Exhibit 154: Instructure Holdings Inc. - Product / Service
- Exhibit 155: Instructure Holdings Inc. - Key offerings

12.12 ITS EDUCATION ASIA
- Exhibit 156: ITS EDUCATION ASIA - Overview
- Exhibit 157: ITS EDUCATION ASIA - Product / Service
- Exhibit 158: ITS EDUCATION ASIA - Key offerings

12.13 iTutorGroup Ltd.
- Exhibit 159: iTutorGroup Ltd. - Overview
- Exhibit 160: iTutorGroup Ltd. - Product / Service
- Exhibit 161: iTutorGroup Ltd. - Key offerings

12.14 Diversity Learning Solutions GmbH
- Exhibit 162: Diversity Learning Solutions GmbH - Overview
- Exhibit 163: Diversity Learning Solutions GmbH - Product / Service
- Exhibit 164: Diversity Learning Solutions GmbH - Key offerings

12.15 LinkedIn Corp.
- Exhibit 165: LinkedIn Corp. - Overview
- Exhibit 166: LinkedIn Corp. - Product / Service
- Exhibit 167: LinkedIn Corp. - Key offerings

12.16 McGraw Hill Education Inc.
- Exhibit 168: McGraw Hill Education Inc. - Overview
- Exhibit 169: McGraw Hill Education Inc. - Business segments
- Exhibit 170: McGraw Hill Education Inc. - Key offerings
- Exhibit 171: McGraw Hill Education Inc. - Segment focus

12.17 Pluralsight Inc.
- Exhibit 172: Pluralsight Inc. - Overview
- Exhibit 173: Pluralsight Inc. - Product / Service
- Exhibit 174: Pluralsight Inc. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 175: Inclusions checklist
- Exhibit 176: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 177: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 178: Research methodology
- Exhibit 179: Validation techniques employed for market sizing
- Exhibit 180: Information sources

13.5 List of abbreviations
- Exhibit 181: List of abbreviations

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