Digital Education Market 2023 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030
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Digital
Education Insights
The use of digital technologies and
tools for teaching and learning is referred to as digital education. It
includes online learning, virtual classrooms, educational apps and software,
educational videos, and many other educational activities. Due to its adaptability,
accessibility, and ease of use, digital education has gained popularity in
recent years giving students the freedom to learn at their own pace and on
their own terms, and it also gives teachers new ways to interact with students
and deliver instructional content.
Digital education's capacity to provide
access to education for individuals who may not have had access to traditional
educational opportunities as a result of geographical, economic, or other
barriers is one of its primary benefits. As individuals are able to continue
learning and acquiring new skills throughout their lives, it also provides
opportunities for lifelong learning and upskilling.
Digital
Education Market
Digital Education Market products and
services include online courses, educational software and apps, virtual
learning environments, e-books and other digital content, and other related
products and services. The market has been filling quickly as of late because
of the rising interest in adaptable, customized, and available learning open
doors. The COVID-19 pandemic has also accelerated the adoption of digital
education because schools and universities had to use remote learning to keep
students and teachers safe.
The worldwide digital education market
is supposed to reach $233.4 billion by 2030, developing at a CAGR of 21.5% from
2023 to 2030 against a prior assessment of $49.2 billion in 2022. The market is
driven by things like the rising demand for digital education in emerging
economies, the rise in popularity of gamification and microlearning, and the
growing adoption of e-learning in the academic and corporate sectors.
There are a lot of players in the
digital education market, from traditional educational establishments to tech
startups and businesses. Coursera, Udemy, edX, LinkedIn Learning, and
Skills are some of the market's major players.
Digital
Education Market Growth Drivers
Students can access educational content
at their own pace and on their own time thanks to the adaptable learning
opportunities provided by digital education. Many organizations and instructive
foundations are taking on e-learning as a method for preparing workers and
understudies which is financially savvy, versatile, and can be custom-made to
the particular necessities of students.
Gamification is the use of game
elements in education to make it more interactive and engaging for students. On
the other hand, microlearning entails providing learners with short, digestible
chunks of information that they can easily absorb. The market for digital
education is seeing an increase in the popularity of both of these approaches.
There is a lack of educational
resources and infrastructure in many developing nations. By giving students in
rural or underserved areas access to educational content and resources, digital
education can help close this gap. New opportunities for digital education are
being created by technological advancements like augmented reality, artificial
intelligence, and virtual reality. Using these technologies, immersive learning
experiences that increase student engagement and retention can be created.
Digital
Education Market Segmentation
·
Type of
Learning: Self-Paced, Instructor-Led,
Blended Learning, Mobile Learning, Simulation-Based Learning
·
Delivery
Mode: Online
Courses, Virtual Classrooms, Educational Software & Apps, E-Books
·
Type of
Content: Audio-Visual
Content, Text-Based Content, Interactive Content
·
Level of
Education: Primary
Education, Secondary Education, Tertiary Education
·
End-User: K-12 Schools, Higher Education Institutions,
Corporates, Individuals
·
Geography: North America, Europe, Asia Pacific, Latin
America, Middle East & Africa
Digital
Education Market Type of Learning Segment Review
Self-paced online learning allows
students to find out at their own pace and convenience. It includes online
courses, tutorials, and videos whose market is predicted to grow at a CAGR of
over 4.0% during the amount 2023-2030. Instructor-led online learning involves
live online classes and webinars, where students can interact with the trainer
and other students in real-time. This segment holds the most important market
share and is predicted to grow at a CAGR of over 8.0% during an equivalent.
Blended sort of learning combines online and offline learning, where students
attend both online classes and traditional face-to-face classes. Mobile
learning involves the utilization of mobile devices like smartphones and
tablets to access educational content. Simulation-based learning involves the
utilization of simulations and virtual environments to supply hands-on learning
experiences.
Digital
Education Market Type of Content Segment Review
The audio-visual content segment
includes educational videos, podcasts, and other audio-visual material that
students can access online whose global market is predicted to grow at a CAGR
of over 15.0% during the amount 2023-2030. The text-based content segment
includes digital textbooks, articles, and other writing that students can
access online. it's the most important global market size and is predicted to
grow at a CAGR of over 8.0% during the aforementioned period. The interactive
content segment includes simulations, gamification-based learning, and other
interactive material that students can use to interact with the training
material.
Digital Education
Market End-User Segment Review
The K-12 schools segment includes
digital educational products and services that are targeted toward students in
primary and secondary schools and are expected to grow at a CAGR of over 9.0%
during the amount 2023-2030. The higher education institution segment includes
digital educational products and services that are targeted toward students in
colleges and universities. It holds the most important market size globally and
is predicted to grow at a CAGR of over 16.0% during the aforementioned period.
The corporate segment includes digital educational products and services that
are targeted toward employees of organizations to enhance their skills and
knowledge. The individual segment includes digital educational products and
services that are targeted towards individuals who are trying to find
self-learning or skill upgradation.
Digital
Education Market Regional Synopsis
Due to the widespread use of
cutting-edge educational technology, the digital education market in North
America is predicted to dominate. By 2030, the market is predicted to be worth
$61.1 billion, up 18.7% from 2023 to 2030 against its initial estimate of $15.5
billion in 2022. The rising demand for personalized and adaptable education is
predicted to significantly expand the ecu digital education market. By 2030,
the market is predicted to be worth $60.8 billion, up from an earlier estimate
of $12.8 billion in 2022, which represented a CAGR of 21.5% from 2023 to 2030.
Due to the rising demand for online education
and therefore the expanding use of digital technology, the Asia-Pacific digital
education market is anticipated to grow at the very best CAGR over the forecast
period (2023-2030). The market size is meant to succeed in $70.5 billion by
2030, with a CAGR of 22.4% from 2023 to 2030 against an earlier assessment of
$14.0 billion in 2022.
Due to the growing demand for
e-learning solutions within the region, it's anticipated that the digital
education market will expand significantly in Latin America. The market size is
meant to succeed in $18.3 billion by 2030, with a CAGR of 17.3% from 2023 to
2030 against a previous assessment of $5.1 billion in 2022. Thanks to the
growing specialization in education and the use of digital technology, the
Middle East and African marketplace for digital education are anticipated to
expand significantly. By 2030, the market is predicted to be worth $22.7
billion, up with a CAGR of 18.9% (2023-2030) from its initial estimate of $5.7
billion in 2022.
Digital
Education Market Key Challenges
One of the main challenges within the
digital education market is the lack of access to technology in certain parts
of the planet as many students in developing countries don't have access to
computers, high-speed internet, or maybe basic electricity. This lack of access
makes it difficult for them to participate in digital education schemes.
With the proliferation of online
courses and academic resources, it is often difficult to work out the standard
and accuracy of the knowledge provided. Ensuring that educational content is
up-to-date, relevant, and accurate is crucial for the success of digital
education schemes. Ensuring that teachers are properly trained to use digital
education tools and resources is another challenge as many teachers aren't
conversant with the newest educational technology and should not skills to
effectively incorporate it into their teaching methods.
While digital education can provide
cost savings compared to traditional classroom-based education, there are still
significant costs related to developing and delivering digital education
schemes like the value of technology and internet access. While digital
education can provide flexibility and convenience, it also can be difficult to
stay learners engaged and motivated. Developing engaging and interactive
digital education content is crucial for keeping learners interested and
invested in the learning process.
Digital
Education Market Key Global Players
The competitive landscape
of the digital education market is shaped by a number of key factors. Some of
the most important factors include:
·
Changes in
regulations and policies can impact the market by creating new opportunities or
limiting the power of companies to work making it important for businesses to
navigate the regulatory landscape and stay compliant for fulfillment.
·
Companies
that will build strong brands and effectively market their products and
services to focus on specific segments of the market, like professionals or
students, are more likely to draw in learners and gain a competitive advantage.
·
Companies
which will innovate and adapt quickly to changing market trends to develop and
offer cutting-edge technology, like AI and machine learning in digital
education, are likely to possess a competitive advantage.
· Players are
forming strategic partnerships with universities, companies, and other
organizations to develop and offer new products and services, and by doing so,
companies can leverage their strengths and make more comprehensive offerings.
· The market is
experiencing consolidation as larger players acquire smaller ones to realize a
competitive advantage which is predicted to continue within the coming years as
players look to expand their reach and capabilities.
Numerous players are vying for market
share and investing in new technologies and product development to stay ahead
of the curve in the market. Several key global players in the artificial heart
market include:
·
2U Inc.
·
Alison
·
Chegg
·
Codecademy
·
Coursera
·
Khan Academy
·
LinkedIn
Learning
·
Pluralsight
·
Skillshare
·
Skillsoft
·
Udacity
·
Udemy
These players offer offers a wide range
of courses in various disciplines, including computer science, business,
health, artificial intelligence, machine learning, web development, science,
engineering, and humanities. These companies also offer a range of
certification programs to help individuals and organizations anywhere in the
world to stay up-to-date with the latest technology trends.
The report on the digital education
market covers the following aspects:
·
Market Overview: A general overview of the global
digital education market, including its current size and growth projections for
the future.
·
Market Segmentation: A breakdown of the market by type of
learning, delivery mode, type of content, level of education, end-user, and
geographic region.
·
Market Dynamics: An analysis of the key drivers,
challenges, and trends affecting the growth of the digital education market.
·
Competitive Landscape: A comprehensive analysis of the
leading players in the digital education market, including their market share,
product offerings, and key strategies.
·
Regional Analysis: A detailed analysis of the digital
education market by geographic region, including market size, growth
projections, and key trends for each region.
· Company Profiles: In-depth profiles of key players in
the digital education market, including their business overview, product
offerings, financial performance, and recent developments.
·
Market Forecast: Projections for the future growth of
the digital education market, including market size, growth rate, and key
trends for the next five to ten years.
Attributes |
Details |
Base Year |
2022 |
Trend Period |
2018 – 2032 |
Forecast Period |
2023 – 2030 |
Pages |
215 |
Type of Learning Segment |
Self-Paced, Instructor-Led, Blended
Learning, Mobile Learning, Simulation-Based Learning |
Delivery Mode Segment |
Online Courses, Virtual Classrooms,
Educational Software & Apps, E-Books |
Type of Content Segment |
Audio-Visual Content, Text-Based
Content, Interactive Content |
Level of Education Segment |
Primary Education, Secondary
Education, Tertiary Education |
End-user Segment |
K-12 Schools, Higher Education
Institutions, Corporates, Individuals |
Company Profiles |
Alison, Chegg, Codecademy, Coursera,
Khan Academy, LinkedIn Learning, Skillshare, and Others |
Edition |
4th edition |
Publication |
March 2023 |