Global Digital Education Market:
The global digital education market size reached US$ 19.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 178.8 Billion by 2032, exhibiting a growth rate (CAGR) of 28.18% during 2024-2032. The escalating usage of e-learning solutions is bolstering the market.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
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2024-2032
|
Historical Years
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2018-2023
|
Market Size in 2023 |
US$ 19.5 Billion |
Market Forecast in 2032 |
US$ 178.8 Billion |
Market Growth Rate 2024-2032 |
28.18% |
Digital Education Market Analysis:
- Major Market Drivers: The easy availability of high-speed internet connections that have made it possible for students to access resources from anywhere is propelling the market.
- Key Market Trends: The introduction of online certification programs, along with the increasing popularity of personalized learning, is stimulating the market.
- Competitive Landscape: Some of the prominent companies in the market include Alison, Brain4ce Education Solutions Pvt. Ltd., Coursera Inc., Edx LLC (2U Inc.), Intellipaat Software Solutions Pvt. Ltd, iversity Learning Solutions GmbH (Springer Nature), LinkedIn Corporation (Microsoft Corporation), Miriadax, Pluralsight LLC, Udacity Inc., Udemy Inc., and UNext Learning Pvt. Ltd., among many others.
- Geographical Trends: The increasing inclination towards soft skills is propelling the market in North America. Besides this, the rising emphasis on STEM education is also positively influencing the regional market.
- Challenges and Opportunities: One of the challenges hindering the market is the lack of equitable access. However, continuous investments in infrastructure improvements are expected to fuel the market over the forecasted period.
Digital Education Market Trends:
Rising Focus on Personalization
The escalating inclination towards AI for personalized learning experiences is propelling the market. Moreover, this advanced technology can aid in providing real-time feedback, recommending resources, analyzing student data, etc. For example, in June 2024, the Central Board of Secondary Education (CBSE) in India inaugurated its state-of-the-art video recording studio, marking a significant step towards enhancing digital education. As per the digital education market overview, this is acting as a significant growth-inducing factor.
Growing Need for Upskilling
Evolving job requirements are contributing to the market. They enable professionals to stay current and competitive. This trend also underscores the importance of continuous education beyond formal schooling as individuals seek to update their knowledge and skills throughout their careers. In April 2024, HP introduced the HP Innovation & Digital Education Academy (HP IDEA) program to support educators with essential digital pedagogy skills and transform teaching methods. This, in turn, is increasing the digital education market statistics.
Increasing Favorable Policies
The launch of initiatives by government bodies for continuous learning and skill development is propelling the market. Besides this, the shift towards ongoing education ensures that individuals remain relevant and capable is also bolstering the market. For example, in July 2024, Hyundai India Insurance Broking (HIIB) collaborated with TSL Foundation to launch ‘Smart Classrooms,’ a digital infrastructure initiative aimed at improving education in government schools by integrating modern teaching methods.
Global Digital Education Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with the digital education market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on the learning type, course type, and end user.
Breakup by Learning Type:
- Self-paced Online Education
- Instructor-led Online Education
Self-paced online education dominates the digital education market share
The report has provided a detailed breakup and analysis of the market based on the learning type. This includes self-paced online education and instructor-led online education. According to the report, self-paced online education represented the largest market segmentation.
Self-paced online education represents learning programs that enable students to progress through course material at their speed. Some of the companies offering such courses include Coursera, Udemy, and edX.
Breakup by Course Type:
- Science, Technology, Engineering, and Mathematics (STEM)
- Business Management
- Others
Science, technology, engineering, and mathematics (STEM) exhibited a clear dominance in the market
The report has provided a detailed breakup and analysis of the market based on the course type. This includes science, technology, engineering, and mathematics (stem), business management and others. According to the report, science, technology, engineering, and mathematics (STEM) represented the largest market segmentation.
Science, technology, engineering, and mathematics (STEM) is designed to promote diversity and inclusion. Platforms like Khan Academy, Coursera, and Brilliant have expanded their STEM offerings with interactive courses that include coding exercises, virtual labs, real-time problem-solving challenges, etc. This is escalating the digital education market demand.
Breakup by End User:
- Academic Institutions and Individuals
- Enterprises
Academic institutions and individuals accounted for the largest digital education market revenue
The report has provided a detailed breakup and analysis of the market based on the end user. This includes academic institutions and individuals and enterprises. According to the report, academic institutions and individuals represented the largest market segmentation.
Academic institutions are extensively adopting LMS, including Canvas, to offer comprehensive tools for course management. For individuals, platforms like MasterClass cater to diverse interests.
Breakup by Region:
- North America
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Middle East and Africa
North America exhibits a clear dominance in the market
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
The rising demand for flexible e-learning solutions is stimulating the digital education market outlook in North America. As per the IMARC, the United States e-learning market size reached US$ 122.4 Billion in 2023. Looking forward, IMARC Group anticipated the market to reach US$ 278.3 Billion by 2032, thereby exhibiting a growth rate (CAGR) of 9.3% during 2024-2032.
Competitive Landscape:
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major digital education market companies have also been provided. Some of the key players in the market include:
- Alison
- Brain4ce Education Solutions Pvt. Ltd.
- Coursera Inc.
- Edx LLC (2U Inc.)
- Intellipaat Software Solutions Pvt. Ltd
- iversity Learning Solutions GmbH (Springer Nature)
- LinkedIn Corporation (Microsoft Corporation)
- Miriadax
- Pluralsight LLC
- Udacity Inc.
- Udemy Inc.
- UNext Learning Pvt. Ltd.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Digital Education Market Recent Developments:
- July 2024: Hyundai India Insurance Broking (HIIB) collaborated with TSL Foundation to launch ‘Smart Classrooms,’ a digital infrastructure initiative to enhance education in government schools by integrating digital education.
- June 2024: The Central Board of Secondary Education (CBSE) in India inaugurated its state-of-the-art video recording studio to improve digital education.
- April 2024: HP introduced the HP Innovation & Digital Education Academy (HP IDEA) program to support educators with essential digital pedagogy skills and transform teaching methods.
Digital Education Market Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
- Learning Type
- Course Type
- End User
- Region
|
Learning Types Covered |
Self-paced Online Education, Instructor-led Online Education |
Course Types Covered |
Science, Technology, Engineering, and Mathematics (STEM), Business Management, Others |
End Users Covered |
Academic Institutions and Individuals, Enterprises |
Regions Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Alison, Brain4ce Education Solutions Pvt. Ltd., Coursera Inc., Edx LLC (2U Inc.), Intellipaat Software Solutions Pvt. Ltd, iversity Learning Solutions GmbH (Springer Nature), LinkedIn Corporation (Microsoft Corporation), Miriadax, Pluralsight LLC, Udacity Inc, Udemy Inc., UNext Learning Pvt. Ltd., etc. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report
- How has the global digital education market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global digital education market?
- What is the impact of each driver, restraint, and opportunity on the global digital education market growth?
- What are the key regional markets?
- Which countries represent the most attractive digital education market?
- What is the breakup of the market based on the learning type?
- Which is the most attractive learning type in the digital education market?
- What is the breakup of the market based on the course type?
- Which is the most attractive course type in the digital education market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the digital education market?
- What is the competitive structure of the global digital education market?
- Who are the key players/companies in the global digital education market?
Key Benefits for Stakeholders:
- IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the digital education market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the global digital education market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the digital education industry and its attractiveness.
- The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.