Report Ocean recently released a research report on the Digital Education Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global digital education market size was US$ 11.2 billion in 2021. The global digital education market is forecast to grow to US$ 149 billion by 2030, registering a compound annual growth rate (CAGR) of 28.1% during the forecast period from 2022 to 2030.
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Factors Influencing the Market Growth
The prominent technologies, such as Augmented Reality (AR), are expected to change the outlook of the digital education market. AR boosts the real environment by offering advanced services, such as text, sound effects, graphics, and multimedia. As a result, it will fuel the growth of the global digital education market.
The increasing trend of microlearning is forecast to benefit the global digital education market. Microlearning is the e-learning process, mainly in the small segments, to help individuals achieve their goals.
The rising adoption of smartphones and smart devices is forecast to fuel the growth of the market. In addition, rising internet penetration globally is forecast to benefit the global digital education market during the study period.
The advancements in technologies are forecast to fuel the growth of the digital education market. In addition, the introduction of efficient platforms, such as LMS will bolster market growth.
Online education is convenient, cost-effective, and sharpens learning skills. The growing awareness about the benefits of online education will accelerate the growth of the digital education market during the forecast period.
However, lack of social interaction may hamper the growth of the global digital education market during the study period.
COVID-19 Impact Analysis
The COVID-19 pandemic had a positive impact on the global digital education market. The demand for online platforms increased significantly. Earlier, digital education was only popular among the students pursuing higher class education. However, the sudden onset of the pandemic has raised the necessity to adopt remote methods in order to continue the tasks. As a result, schools, institutions, universities, and other segments adopted digital learning solutions in order to offer online learning to the students without the risk of COVID-19.
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Regional Analysis
North America is forecast to hold the highest share in the global digital education market, owing to the increasing penetration of advanced technologies and the growing number of advancements. In addition, rising government initiatives and collaborations between digital education vendors and research specialists are forecast to benefit the regional digital education market during the study period. Furthermore, the increasing number of students pursuing education will escalate the growth of the regional market during the forecast period.
Competitors in the Market
- Coursera
- edX
- Pluralsight
- Edureka
- Alison
- Udacity
- Miríadax
- Jigsaw Academy
- diversity
- Intellipaat
- Edmodo
- FutureLearn
- NovoEd
- XuetangX
- Federica EU
- Linkstreet Learning
- Khan Academy
- Kadenze
- Other prominent players
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Market Segmentation
The global digital education market segmentation focuses on Components, Services, Learning Type, End-Users, and Region.
By Component:
- Hardware
- Interactive displays
- Interactive whiteboards
- Smartboards
- Others
- Software
- Integrated solutions
- Standalone solutions
- LMS/LCMS
- SIS
- Classroom Management software
- Language Learning software
- Others
By Services:
- Consulting
- Implementation
- Support and maintenance
- By Learning type:
- Synchronous learning
- Asynchronous learning
By End Users:
- Academic
- K-12
- Higher education
- Enterprises
- SMEs
- Large Enterprises
- Government
On the basis of Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
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- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Digital Education Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Digital Education market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Digital Education Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Digital Education market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Digital Education market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Digital Education market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Digital Education market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Digital Education business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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