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The latest Digital Education Market study, blends in qualitative and quantitative research techniques to present vital data on the competitive landscape for the period of 2021 – 2030 .The report is furnished with the latest updates about the current market scenario with regards to the COVID-19 pandemic. The report considers COVID-19 as a key contributor to the dynamically altered market scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
The global digital education market size reached USD 14.47 Billion in 2022 and is expected to register a revenue CAGR of 31.7% during the forecast period, according to the latest analysis by Emergen Research. Rapid penetration of the internet and 5G, increasing adoption of adaptive learning as well as provision of cost-effective infrastructure along with scalability are some of the key factors driving revenue growth of the digital education market.Digital education offers interactive study resources in the infotainment format which is short, direct, and easy to apprehend. Moreover, easily accessible and downloadable resources on various devices allow students to study anywhere and anytime.
Key participants include
edX LLC, Alison, LinkedIn Corporation, iversity, Pluralsight LLC, Udemy, Inc., Udacity, Inc., DataCamp, Inc., UNext For Enterprise and Brain4ce Education Solutions Pvt. Ltd.
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Drivers:
Several factors are driving the growth of the digital education market. One of the primary drivers is the increasing demand for flexible, accessible, and personalized learning solutions, driven by factors such as globalization, workforce mobility, and lifelong learning trends. Digital education enables learners to access educational content and resources anytime, anywhere, using internet-connected devices, overcoming barriers such as geographic distance, time constraints, and physical disabilities. Additionally, the COVID-19 pandemic has accelerated the adoption of digital education solutions, as schools and educational institutions worldwide transitioned to remote and hybrid learning models to ensure continuity of education during periods of lockdowns and social distancing.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key Objectives of the Global Digital Education Market Report:
- An all-inclusive analysis and forecast estimation of the market have been included in this report.
- The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Digital Education Market
- and its leading players.
- The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
· Course Type Outlook (Revenue, USD Billion; 2019-2032)
- Business management
- Science and technology
- Others
· Learning Type Outlook (Revenue, USD Billion; 2019-2032)
- Self-paced
- Instructor-led
· End User Outlook (Revenue, USD Billion; 2019-2032)
- Enterprises
- Academic institutions
- Individuals
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
- Chapter 1 includes the global Digital Education Market market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
- Chapter 2 broadly categorizes the Digital Education Market market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
- Chapter 3 elaborates on the competitive outlook of the Digital Education Market market, focusing on the major manufacturers and vendor landscape.
- Chapter 4 exhaustively studies the key manufacturers of the Digital Education Market industry, along with their anticipated sales and revenue shares.
- Chapters 5 includes market segmentation based on product type, application range, and market players.