Digital Education Market: Global Industry Analysis and Forecast 2023-2029

Digital Education Market was valued at USD 13.13 Billion in 2022, and it is expected to reach USD 57.54 Billion by 2029, exhibiting a CAGR of 23.49% during the forecast period (2023-2029) Definition: Digital education is the innovative incorporation of technology and digital tools, which helps to progress of teaching and learning methods. It is also known as digital learning, or e-learning. It is the way forward to seek education through the technology integration and digital devices.Digital Education MarketTo know about the Research Methodology :- Request Free Sample Report

Digital Education Market Overview:

The learning methods are becoming interactive, engaging, motivating, and handy, thanks to the emergence of the internet and ever-evolving technology. Currently, Education is not limited to textbooks and classrooms, it has become an incorporation of technology, innovative learning, and digital content. The internet has become far more affordable and accessible to the digital education that led to a greater confluence of digital and traditional teaching methods. The world of the internet is vast and loaded with information. The emergence of digital education has made possible for students to explore and use this treasure of knowledge. The digital education system integrates real-time evaluation and system-generated performance reports that increases the transparency of assessment. It also enables students to analyze their performance and come up with essential solutions. It brings students out of their shells and makes them self-determining thinkers who know what to study, when to study and how to study, which is one of the most important aspects for their development. The global digital education market is a growing sector with key players from start-up to publicly traded organizations. The market is gaining a lot of attention from investors mainly across K-12, higher education, and corporate learning. Key players operating in the market are making several strategic initiatives like collaborations, acquisitions & mergers, and partnerships with prominent key players to contribute their innovative methods for education purpose.

Digital Education Market Dynamics

Digital transformation has changed the economy and demonstrated the requirement for higher levels of digital capacity of education and training systems and institutions. A big revolution is taking place in the global education system. A growing realization that education needs to be viewed from a lifelong learning perspective is expected to drive the digital education platform. Various factors such as an increasing internet penetration, time constraint faced by the aspirants, geographical challenges in attending physical classes, and the low expense in the online training are the primary drivers of the digital education market. Despite the high demand of quality certification, unreliable infrastructure in underdeveloped countries, lack of face to face interaction and direct monitoring in digital education are some of the limiting factors of the market growth. The COVID-19 pandemic has accelerated the existing trend towards online learning The COVID-19 pandemic has resulted in significant global, social, and business disruption. The impact of the ongoing COVID-19 pandemic has accelerated the need for online-delivered education. Individuals, organizations, and institutions have relied and are continuing to rely on online learning to navigate change and disruption. The Colleges and universities have used digital education platform for Campus to deliver university-branded online learning at lower cost in the United States in a new era of financial challenges for higher education and evolving student preferences for hybrid learning. COVID-19 pandemic had briefly disrupted the school education system. Countries have responded to the COVID-19 situation with speed and innovation. The digital education resources were leveraged to maintain steadiness in students’ education in the pandemic time. During the pandemic, key players had opened up their platform across our Enterprise customer base through multiple initiatives including their Campus Response Initiative, Workforce Recovery Initiative, and Employee Resilience Initiative. For instance, the Campus Response Initiative by Coursera had enabled over 4,000 institutions, which had included approximately 10% of all degree-granting institutions for ready-made, high-quality digital curricula from leading universities The Indian government has taken several initiatives like PM eVIDYA programme, DIKSHA, to make it at par with some global online education best practices and relaxed regulations for universities and colleges to offer extended online and distance learning opportunities to students during the pandemic period. In 2020, under PM eVIDYA programme, top 100 universities were allowed to begin online courses, offer better learning prospects to 3.7 crore higher education students and enhance e-learning by relaxing regulatory framework for distance/open/online education.Digital Education MarketDigital Education Statistics: Pandemic Led to The Growth of Online Educational Statistics Currently, online education is becoming a mainstream as traditional or regular education. Classroom-based learning include digital technologies, which helps to deliver the content to students effectively. In the America, 66% of Americans have been more motivated to seek out online learning since the pandemic began. The opportunity for creators and companies looking to enter the knowledge economy is expected to increase with exponential growth rate. In 2022, The top 10 institutions saw a 10% increment in students being enrolled ONLINE compared to traditional enrolment. The majority of students in high school are interested in learning online programming. 42% of these are females, while 62% are males. More than 41.6% undertaking online learning are age 30.

Regulations Landscape:

As shifts to the digital economy are increasing the requirement for new skills, the online learning offerings are expected to meet the global demand and provide access to world-class learning to learners, organizations, and institutions across the globe. As a service provider to higher education institutions in the United States and internationally, key players are required to comply with certain education laws and regulations. Higher education is heavily regulated in the United States and most international jurisdictions. The numerous states require education providers to be licensed or authorized in such a state simply to enroll persons located in that state into an online education program or to conduct related activities such as marketing. The regulations, standards, and policies of college and university partners’ regulators are complex, change frequently and are often subject to differing interpretation. The Changes in applicable laws, regulations, or standards are expected to compromise the college and university partners’ accreditation, authorization to deliver online learning in various states or countries, permissible activities, or access to federal funds under the digital education programs. Service provider may also be required to be authorized in certain states to offer online programs, engage in advertising or recruiting, and operate externships, internships, technical training, or other forms of field experience, depending on state law.

Digital Education Market Segment Analysis

Global Digital Education Market segmented by end user, learning type, course type and by region. By Course type, science and technology course segment held 63.65% of market share in 2022 and is expected to keep its dominance during the forecast period. Science and technology course include computer science, health & medicine, engineering, chemistry, and physics. Computer science and programming deals with the experimentation and engineering of computational systems comprising algorithms. Science and technology segment is followed by entrepreneurship and business management course segment. The science and technology course helps to job in hand and the objective is to impart the technical skills required to successfully complete an assigned task. It may also include updating an employee’s skill so as to handle larger responsibilities. By learning type, the instructor-led online education segment is expected to hold 68.98% of market share during the forecast period. Instructor-led online education involves delivery of content by instructor to the student, where at some point during the course instructor directly gives instructions to the students either individually or in group. As students are becoming aware of the benefits of the instructor-led education, the demand for instructor-led online education is expected to grow.

Digital Education Market Regional Insights

Digital Education drives the European Digital Learning Network. The European countries are promoting the development of a high-performing European digital education ecosystem and seeking to enhance citizens’ competences and skills for the digital transition. The European Union has set The Digital Education Action Plan (2023-2029) that sets out a common vision of high-quality, inclusive and accessible digital education and aims to support the adaptation of the education and training systems of Member States to the digital age. The Digital Education Plan sets out two strategic priorities like fostering the development of a high-performing digital education ecosystem and enhancing digital skills and competences for the digital transformation with fourteen actions plans. The European Commission has created the” Digital Education Action Plan” to enhance digital education opportunities in Europe that initiative is allowing young adult to adopt best education and training employment, which helps to find better employment opportunities across Europe. Western Europe is currently the second largest buying region for eLearning products. The region is expected to grow and adopt new technologies at the fastest pace when compared to the other regions. Many prominent universities in this region have developed their own digital education and formed alliances with the platform providers. The Government is taking essential steps to come forward with policies for Digital Education in India India is driving towards digital education, thanks to high adoption of digitisation by universities and colleges, internet penetration and demand from students. According to the MMR analysis, online education market in India is expected to reach US$ 6.87 billion by 2029 for higher education, driven by the government’s focus on integrating online education programmes, strengthening digital infrastructure and demand for upskilling among students. The government efforts are being made to upthrust the standard of digital infrastructure pan India to help facilitate the utilization of innovative educational tools. The digital education is expected to witness noticeable amendments in the way educational institution’s function during the forecast period In India. The government will focus on industry-ready pattern by evaluating their competencies and helping them get aligned with industry-based skills. the government is encouraging many institutes and colleges to shift from traditional operations to digital modes with the integration of several educational establishments like Amity University, Christ University, AIMA (All India Management Association), IIMs (Indian Institute of Management), Ashoka University and ISB (Indian School of Business) have now transferred their examination procedures online.

Digital Education MarketDigital Education Market Competitive Analysis:

The market for global digital education learning is highly fragmented and rapidly evolving. Key players operating in the market are making alternative modes of learning to continue to accelerate as players in this industry introduce new and more competitive products, enhancements, and bundles. An increase in participation of private players to offer e-learning courses, with the government’s effort to strengthen digital landscape of the developing countries are expected to boost the adoption of digital education and empowers the students to integrate opportunities to emerging technologies.

Scope of the Report

The Digital Education report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Digital Education Market dynamic, structure by analysing the market segments and projecting the Digital Education Market size. Clear representation of competitive analysis of key players by segment type and regional presence in the Digital Education Market make the report investor’s guide.

Digital Education Market Scope: Inquire before buying

Digital Education Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US 13.13 Bn.
Forecast Period 2023 to 2029 CAGR: 23.49% Market Size in 2029: US 57.54 Bn.
Segments Covered: by End User Individual Learners and Academic Institutions Enterprises Government Organizations Others
by Learning Type Self-Paced Online Education Instructor-Led Online Education
by Course Type Science and Technology Courses Entrepreneurship and Business Management Courses Others

Digital Education Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)

Digital Education Market, Key Players are

1. Coursera (US) 2. edX (US) 3. Pluralsight (US) 4. Udacity (US) 5. Udemy (US) 6. LinkedIn Learning(US) 7. NovoEd (US) 8. Khan Academy (US) 9. Treehouse(US) 10. Skillshare(US) 11. CreativeLive(US) 12. iversity (Germany) 13. Edmodo (UK) 14. FutureLearn (UK) 15. Federica EU (Italy) 16. My Mooc(France) 17. Alison (Ireland) 18. Miríadax (Spain) 19. Kadenze (Spain) 20. XuetangX (China) 21. Jigsaw Academy (India) 22. Edureka (India) 23. Intellipaat (India) 24. Linkstreet Learning (India) 25. BYJU'S(India) Frequently Asked Questions: 1] What segments are covered in the Global Digital Education Market report? Ans. The segments covered in the Digital Education Market report are based on End-Users Course Type and Learning Type. 2] Which region is expected to hold the highest share in the Global Digital Education Market? Ans. The Asia Pacific region is expected to hold the highest share in the Digital Education Market. 3] What is the market size of the Global Digital Education Market by 2029? Ans. The market size of the Digital Education Market by 2029 is expected to reach USD 57.54 Bn. 4] What is the forecast period for the Global Digital Education Market? Ans. The forecast period for the Digital Education Market is 2023-2029. 5] What was the market size of the Global Digital Education Market in 2022? Ans. The market size of the Digital Education Market in 2022 was valued at USD 13.13 Bn.
1. Global Digital Education Market Size: Research Methodology 2. Global Digital Education Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Digital Education Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Digital Education Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Digital Education Market Size Segmentation 4.1. Global Digital Education Market Size, by End User (2022-2029) • Individual Learners and Academic Institutions • Enterprises • Government Organizations • Others 4.2. Global Digital Education Market Size, by Learning Type (2022-2029) • Self-Paced Online Education • Instructor-Led Online Education 4.3. Global Digital Education Market Size, by Course Type (2022-2029) • Science and Technology Courses • Entrepreneurship and Business Management Courses • Others 5. North America Digital Education Market (2022-2029) 5.1. North America Digital Education Market Size, by End User (2022-2029) • Individual Learners and Academic Institutions • Enterprises • Government Organizations • Others 5.2. North America Digital Education Market Size, by Learning Type (2022-2029) • Self-Paced Online Education • Instructor-Led Online Education 5.3. North America Digital Education Market Size, by Course Type (2022-2029) • Science and Technology Courses • Entrepreneurship and Business Management Courses • Others 5.4. North America Digital Education Market, by County (2022-2029) • United States • Canada 6. European Digital Education Market (2022-2029) 6.1. European Digital Education Market, by Type (2022-2029) 6.2. European Digital Education Market, by Component (2022-2029) 6.3. European Digital Education Market, by Application (2022-2029) 6.4. European Digital Education Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Digital Education Market (2022-2029) 7.1. Asia Pacific Digital Education Market, by Type (2022-2029) 7.2. Asia Pacific Digital Education Market, by Learning Type (2022-2029) 7.3. Asia Pacific Digital Education Market, by Course Type (2022-2029) 7.4. Asia Pacific Digital Education Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Digital Education Market (2022-2029) 8.1. Middle East and Africa Digital Education Market, by End User (2022-2029) 8.2. Middle East and Africa Digital Education Market, by Learning Type (2022-2029) 8.3. Middle East and Africa Digital Education Market, by Course Type (2022-2029) 8.4. Middle East and Africa Digital Education Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Digital Education Market (2022-2029) 9.1. South America Digital Education Market, by End User (2022-2029) 9.2. South America Digital Education Market, by Learning Type (2022-2029) 9.3. South America Digital Education Market, by Course Type (2022-2029) 9.4. South America Digital Education Market, by Country (2022-2029) • Brazil • Mexico • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Coursera (US) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. edX (US) 10.3. Pluralsight (US) 10.4. Edureka (India) 10.5. Alison (Ireland) 10.6. Udacity (US) 10.7. Udemy (US) 10.8. Miríadax (Spain) 10.9. Jigsaw Academy (India) 10.10. iversity (Germany) 10.11. Intellipaat (India) 10.12. Edmodo (US) 10.13. FutureLearn (UK) 10.14. LinkedIn (US) 10.15. NovoEd (US) 10.16. XuetangX (China) 10.17. Federica EU (Italy) 10.18. Linkstreet Learning (India) 10.19. Khan Academy (US) 10.20. Kadenze (Spain) 10.21. EduWizards 10.22. Vedantu 10.23. Unacadamy

About This Report

Report ID 63398
Category Information Technology & Telecommunication
Published Date July 2023
Updated Date
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