Market Overview

The main market factors boosting market expansion are the rising use of cloud-based solutions and virtual meetings for clearing up any ambiguities. It gives teachers and students an efficient way to impart knowledge by utilising media other than writing on paper, such as videos, podcasts, PDFs, etc.

A significant number of new students can be reached by educational institutions and other venues because to e-time learning’s and location flexibility. E-learning systems are less expensive and less harmful to the environment than conventional pen and paper versions.

Also, as a result of considerable market penetration aimed at enhancing the privacy and unchanging value of cloud-based education systems, the options for educational institutions are expanding. Online educational resources are widely available as a result of the market’s numerous service and content providers.

Segment Overview

The online education market has four kinds of segment insights: component, software, learning type, and regional. Mobile devices, laptops, and PCs are included in the component-based market segmentation for online education. Videos and animations can be found online and provided by the educational PCs.

Software-based market segmentation for online education includes Worldclass Courseplay and Yuja. With Courseplay’s flexible learning technology solution, businesses can provide interesting learning content, engage committed personnel, automate time-consuming tasks, and accurately analyse the impact for their workers using any device. Surgery has been used to divide the market data for online education into voice, chat, video, and live streaming. Using online video as a teaching tool can be highly effective.

This is attributable to growing understanding of the effectiveness and benefits of online learning.

Regional Analysis

This is attributable to growing understanding of the effectiveness and benefits of online learning. Given the accessibility of high speed internet, online tutoring, and growing use of online platforms like webcam, googlemeet, etc., Europe’s online education sector has the second-largest market share. Moreover, the UK’s online education industry grew the fastest in the European region, while Germany’s market held the greatest market share.

From 2022 to 2030, the Asia-Pacific Educational Technology Market is anticipated to experience the fastest CAGR growth. In 2020, the content segment accounted for the largest market share in Asia for e-learning, and it is predicted that this trend will continue in the coming years as technological developments like the introduction of internet and cloud-based platforms encourage the use of e-learning techniques due to their accessibility and affordability, which drive market expansion.

Also, the Asia-Pacific region’s fastest expanding market for online education was India, while China held the greatest market share.

Major Players

There are numerous reputable businesses in the online education market. They include Skills2learn Itd. (UK), Lynda.com (US), Aptara Inc. (US), K12 Inc., Tata Interactive Systems (India), Citrix Education Inc., Cisco Systems Inc., Mcgraw-Hill Education Inc., City & Guilds Group (UK), Blackboard Inc. (US), PowerSchool Group llc (US), and Udacity Inc. (us).

COVID 19 Impact

Global apocalypse predictions have been made for the COVID-19 epidemic, the largest epidemic in recorded history. Every area of life is being severely impacted by the second wave as it spreads around the globe. Various strategies to stop and restrict its spread have created major difficulties for the education sector.

More than 90% of students from elementary to tertiary levels around the world have been touched by the closure of educational institutions and other places of learning, which affect an approximated 1.6 billion learners. Methods: This article analyses Google trends from the previous year in order to address alternate forms of education, notably online education, with a view to examining effects on student fraternity.In order to reduce the influence on the educational system, the study examined the learning and teaching platforms that have been allowing distant learning.

In order to get insight into the clumping of terms that are more frequently used during this epidemic and discover the common trends of their frequency, a comprehensive text analysis is conducted on an existing database from Kaggle.

Findings: According to the findings, word search clustering shows that coronavirus sufferers are the most frequently occurring patterns, with the educational system serving as the point of control and prevention to restore balance to the educational system. Online platforms have expanded significantly during the past year.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY
2 MARKET DYNAMICS
2.1 MARKET GROWTH FACTORS
2.1.1 COST OF EDUCATION
2.1.2 INCREASING GOVERNMENT INITIATIVES
2.1.3 INCREASING INTERNET AND SMARTPHONE PENETRATION
2.2 MARKET CHALLENGES
2.2.1 ABUNDANCE OF FREE CONTENT
2.2.2 LACK OF AWARENESS
2.3 MARKET OPPORTUNITIES
2.3.1 INCREASING DEMAND FOR ADAPTIVE LEARNING
2.4 PORTER’S FIVE FORCES ANALYSIS
3 GLOBAL ONLINE EDUCATION MARKET, BY COMPONENT
3.1 INTRODUCTION
3.2 SUB-SEGMENT
3.2.1 HARDWARE
3.2.1.1 LAPTOP
3.2.1.2 MOBILE
3.2.1.3 PC
3.2.1.4 OTHERS
3.2.2 SOFTWARE
3.2.2.1 WORLDCLASS
3.2.2.2 COURSEPLAY
3.2.2.3 YUJA
3.2.2.4 OTHERS
4 GLOBAL ONLINE EDUCATION MARKET, BY PRODUCT
4.1 INTRODUCTION
4.2 SUB-SEGMENT
4.2.1 CONTENT
4.2.1.1 TECHNICAL
4.2.1.2 MANAGEMENT
4.2.1.3 COMMERCE
4.2.1.4 ARTS
4.2.1.5 OTHERS
4.2.2 SERVICES
4.2.2.1 PRIMARY & SECONDARY SUPPLEMENTARY EDUCATION
4.2.2.2 TEST PREPARATION
4.2.2.3 ONLINE CERTIFICATION
4.2.2.4 HIGHER EDUCATION & LANGUAGE
4.2.2.5 CASUAL LEARNING
4.2.2.6 OTHERS
5 GLOBAL ONLINE EDUCATION MARKET, BY LEARNING TYPE
5.1 INTRODUCTION
5.2 SUB-SEGMENT
5.2.1 SYNCHRONOUS
5.2.1.1 CHAT
5.2.1.2 VOICE
5.2.1.3 VIDEO
5.2.1.4 LIVE STREAMING
5.2.2 ASYNCHRONOUS
5.2.2.1 DIGITAL CURRICULUM MATERIAL
5.2.2.2 EMAIL
5.2.2.3 DISCUSSION BOARDS
5.2.2.4 SOCIAL NETWORKING
6 GLOBAL ONLINE EDUCATION MARKET, BY VERTICALS
6.1 INTRODUCTION
6.2 SUB-SEGMENT
6.2.1 K-12
6.2.2 HIGHER EDUCATION
6.2.3 INDUSTRY & PROFESSIONAL
6.2.4 OTHERS
7 GLOBAL ONLINE EDUCATION MARKET, BY REGION
7.1 INTRODUCTION
7.2 MARKET, BY REGIONS
7.2.1 NORTH AMERICA
7.2.1.1 US
7.2.1.2 CANADA
7.2.2 MEXICO
7.2.3 EUROPE
7.2.3.1 UK
7.2.3.2 GERMANY
7.2.3.3 FRANCE
7.2.3.4 ITALY
7.2.3.5 REST OF EUROPE
7.2.4 ASIA-PACIFIC
7.2.4.1 CHINA
7.2.4.2 JAPAN
7.2.4.3 INDIA
7.2.4.4 REST OF ASIA-PACIFIC
7.2.5 REST OF THE WORLD (ROW)
7.2.5.1 MIDDLE EAST & AFRICA
7.2.5.2 LATIN AMERICA
8 COMPETITIVE LANDSCAPE
8.1 INTRODUCTION
8.2 MARKET SHARE ANALYSIS
8.3 COMPANY PROFILES
8.3. 1 LYNDA.COM
8.3.1.1 OVERVIEW
8.3.1.2 PRODUCT/SERVICES OFFERED
8.3.1.3 BUSINESS STRATEGIES
8.3.1.4 SWOT ANALYSIS
8.3.2 PEARSON PLC
8.3.2.1 OVERVIEW
8.3.2.2 PRODUCT/SERVICES OFFERED
8.3.2.3 BUSINESS STRATEGIES
8.3.2.4 SWOT ANALYSIS
8.3.3 MCGRAW-HILL EDUCATION
8.3.3.1 OVERVIEW
8.3.3.2 PRODUCT/SERVICES OFFERED
8.3.3.3 BUSINESS STRATEGIES
8.3.3.4 SWOT ANALYSIS
8.3.4 BLACKBOARD INC.
8.3.4.1 OVERVIEW
8.3.4.2 PRODUCT/SERVICES OFFERED
8.3.4.3 BUSINESS STRATEGIES
8.3.4.4 SWOT ANALYSIS
8.3.5 APTARA INC.
8.3.5.1 OVERVIEW
8.3.5.2 PRODUCT/SERVICES OFFERED
8.3.5.3 BUSINESS STRATEGIES
8.3.5.4 SWOT ANALYSIS
8.3.6 ADOBE SYSTEMS INC.
8.3.6.1 OVERVIEW
8.3.6.2 PRODUCT/SERVICES OFFERED
8.3.7 DOCEBO
8.3.7.1 OVERVIEW
8.3.7.2 PRODUCT/SERVICES OFFERED
8.3.8 EDMODO
8.3.8.1 OVERVIEW
8.3.8.2 PRODUCT/SERVICES OFFERED
8.3.9 POWERSCHOOL GROUP LLC
8.3.9.1 OVERVIEW
8.3.9.2 PRODUCT/SERVICES OFFERED
8.3.10 TATA INTERACTIVE SYSTEMS
8.3.10.1 OVERVIEW
8.3.10.2 PRODUCT/SERVICES OFFERED
8.3.11 K12 INC.
8.3.11.1 OVERVIEW
8.3.11.2 PRODUCT/SERVICES OFFERED
8.3.12 UDACITY, INC.
8.3.12.1 OVERVIEW
8.3.12.2 PRODUCT/SERVICES OFFERED
8.3.13 CLASSTEACHER LEARNING SYSTEMS
8.3.13.1 OVERVIEW
8.3.13.2 PRODUCT/SERVICES OFFERED
9 APPENDIX
9.1 SCOPE OF THE STUDY
9.1.1 RESEARCH OBJECTIVE
9.1.2 ASSUMPTION
9.1.3 LIMITATION
9.2 MARKET STRUCTURE
10 RESEARCH METHODOLOGIES
10.1 RESEARCH PROCESS
10.2 PRIMARY RESEARCH
10.3 SECONDARY RESEARCH
10.4 MARKET SIZE ESTIMATION
10.5 FORECAST MODEL

The post Global Online Education Market Forecast to 2027 first appeared on CRI Report.

Market insights:
Over the last decade, technological advancements have enhanced online education. These include the application of information and communications technology (ICT) in classrooms and the use of cloud-based platforms, virtual reality (VR), and augmented reality (AR). In 2020, the online education market was valued at INR 91.41 Bn. It is expected to reach INR 325.48 Bn by 2026, expanding at a compound annual growth rate (CAGR) of ~17.19% during the 2021 – 2026 period.

Impact of COVID-19:
Physical classes were suspended for more than a year following the onslaught of COVID-19. Schools, colleges, and educational institutions adopted online classes due to the implementation of nationwide lockdown and fear of COVID-19. Universities and colleges are transitioning to a blended learning model, providing both, face-to-face and online education. Modern methods of delivering and assessing learning objectives are being incorporated into the educational system, creating the scope for significant educational research and epistemology change.

Government initiatives:
The government played a key role to ensure the successful operation of online classes . Some of the major initiatives undertaken by the government are National Digital Educational Architecture (NDEAR), PM eVIDYA Program, National Initiative for School Heads and Teachers’ Holistic Advancement (NISHTHA), and ‘ShaGun’ Portal.

Market influencers:
Market drivers:
Over the years, the availability of low-cost smartphones has led to an increase in the demand for internet services. This has spurred the demand for online content, including education material, in both rural and urban areas. There has been an increasing demand for industry-relevant training courses. People are considering online learning as a low cost substitute for traditional learning.

Key deterrents to the growth of the market:
Indians are familiar and comfortable with the conventional face-to-face mode of learning, which impedes the adoption of online learning. Online channels fall short when it comes to replicating certain aspects of offline channels, such as interaction with peers, group learning, feedback, and soft skill development. There is lack of formal recognition along with inadequate digital infrastructure throughout the country.

Companies covered:
• NIIT Limited
• Edukart Education Private Limited
• Individual Learning Private Limited
• Sorting Hat Technologies Private Limited
• Think and Learn Private Limited
• UpGrad Education Private Limited
• Vedantu Innovations Private Limited
• Coursera Inc.
• Simplilearn Solutions Private Limited
• Udemy India LLP

Related Reports: Online Education Market in India 2020

The post Online Education Market in India 2021 first appeared on CRI Report.

Market insights:
The online education market in India was valued at INR 39 Bn in 2018 and is expected to reach INR 360.30 Bn by 2024, expanding at a CAGR of ~43.85% during the 2019-2024 period. Ease of learning, flexibility, and a wide range of study materials have influenced the overall growth of the industry. However, the lack of formal recognition and accreditation, and abundance of freely available content presents a critical threat to the growth of the sector. The industry is moving towards the adoption of innovative technologies like Artificial intelligence (AI) and machine learning (ML), Big Data Analytics, Blockchain and others to improve the learning experience.

Market segment insights:
The online education market is segmented into primary and secondary supplemental education, test preparation, reskilling and certification, higher education language, and casual learning. The online primary and secondary supplemental education segment was valued at INR 11.99 Bn in 2018 and is expected to reach INR 123.65 Bn by 2024, expanding at a CAGR of ~46.48% during the 2019-2024 period. The change in consumer behavior towards detailed learning and surge in demand from tier II and tier III cities are driving the growth of this segment.
The online test preparation market is expected to reach INR 94.75 Bn by 2024, expanding at a CAGR of ~50.84% during the 2019-2024 period. This segment is expected to be the fastest-growing segment in the online education market, owing to growth in career-focused population, enhanced Internet infrastructure and increased penetration of digital payment methods.
The online reskilling and certification market is expected to reach INR 93.81 Bn by 2024, expanding at a CAGR of ~36.95% during the 2019-2024 period. The growing business landscape has widened the skill gap among employees, which is why the demand for reskilling courses is picking up.
The online higher education market was valued at INR 5.01 Bn in 2018 and is expected to reach INR 40.63 Bn by 2024, expanding at a CAGR of ~40.74% during the 2019-2024 period. The conventional education system is insufficient for the growing population, and therefore students are switching to online higher education courses.

Key market trends:
Gamification is one of the most prevalent trends among online education providers to encourage learning through immersive experiences. Simulation of concepts, level advancement badges and incentive-based learning are driving user engagement on online education platforms. Online learning players, nowadays, are continuously competing to offer differentiated products to the target audience, mostly by offering value-added services with regular courses. Value-added services like internships, live projects, group discussions, and career counselling sessions, offered along with regular courses enhance users’ experiences.

Competition analysis:
The Indian online education market is highly fragmented with around 3,500 edtech start-ups operating in the country. Many foreign players are entering the Indian online education industry. BYJU’s, Udemy, Coursera and Duolingo are a few prominent players in the industry, catering to the requirements of different target audiences.

Companies covered:
• NIIT Limited
• Aeon Learning Private Limited
• Coursera Inc.
• Duolingo Inc.
• Individual Learning Private Limited
• Simplilearn Solutions Private Limited
• Sorting Hat Technologies Private Limited
• Think and Learn Private Limited
• Udemy India LLP
• upGrad Education Private Limited

The post Online Education Market in India 2019 first appeared on CRI Report.

Online education in China grows with the development of Internet. In terms of its development course, the main form of online education at early stage is distance learning platform, such as the Koolearn of New Oriental Group put into operation in 2001, which symbolized the beginning of traditional training institutions entering online education market. Later other training institutions followed suit. Through integrating existing resources, they managed to launch diversified online educational products.

Vocational education is a kind of education to endow the educatee with certain knowledge and skills required by their professions through schooling or occupational training. According to the service objects of vocational education, there are two kinds of clients: companies which intend to improve the performance of their employees through training and individuals who want to get themselves prepared for future career through improvement of vocational skills.

China’s vocational education system covers a diversified range of programs, which can be generally sorted into two categories: education with degree and non-degree learning. Among them, vocational training belongs to the latter one. Vocational training is one of the most fiercely competitive market segments of online education in China nowadays, but it is also seen as the most promising one. At the beginning, online vocational education focused on IT courses, yet in recent years non-IT ones are also on the rise. Courses such as finance, accounting, foreign languages and public servant examination related become the most popular ones as they are aimed at helping the educatee master skills, acquire certificates or pass exams. Compared with offline training classes, online education offers learners higher efficiency, better convenience as well as a cheaper price.

As long as online courses provide quality teaching with reasonable price, they can attract large numbers of clients because vocational education subscribers have a stronger need for learning, and higher affordability. Meanwhile as educatees’ learning effect can be directly seen from their performance at workplace or at related qualification examinations, it is also good for the brand-building and spread of courses among target clients.

Although the overall market size of online vocational education & training in China stood at only a bit more than CNY 4 billion in 2015, the potential for future development is huge. It is estimated that online vocational training will keep an annual growth rate of more than 20% in the years to come.

Through this report, the readers can acquire the following information:

-Development Environment of Online Vocational Education & Training Industry in China

-Supply and Demand of Online Vocational Education & Training Industry in China

-Major Enterprises of Online Vocational Education & Training in China

-Competition Status of Online Vocational Education & Training Industry in China

-Prospect of Online Vocational Education & Training Industry in China

The following enterprises and people are proposed to purchase this report:

-Enterprises in Vocational Education & Training Industry

-Affiliated Companies to the  Online Vocational Education & Training Industry Chain

-Research Institutions/Investors Concerned about Online Vocational Education & Training

Table of Contents

1 Related Concepts of Online Vocational Education & Training

1.1 Definition

1.2 Classification

1.2.1 Finance and Accounting

1.2.2 Professional Foreign Languages

1.2.3 Engineering and Construction

1.2.4 Law

1.2.5 IT Training

1.2.6 Public Servant Examination

1.2.7 Others

1.3 Development Course

1.4Constitution of Industry Chain

1.5 Profit Model

1.5.1 Platform Commission

1.5.2 Membership Fees

1.5.3 Content

1.5.4 Advertisement

1.5.5 Value-added Services

2 Development Environment of Online Vocational Education & Training Industry in China, 2011-2015

2.1 Economic Environment

2.1.1 Global Economy

2.1.2 Chinese Economy

2.2 Internet Environment

2.2.1 Development Status of the Internet

2.2.2 Development Status of Mobile Internet

2.3 Policy Environment

2.3.1 Supporting Policies of Chinese Government for Vocational Education

2.3.2 Supporting Policies of Chinese Government for Online Vocational Training

2.4 Vocational Education & Training Industry

2.4.1 Offline Vocational Education & Training Industry

2.4.2 Online Vocational Education & Training Industry

2.5 Social Environment

3 Analysis on Supply and Demand of Online Vocational Education & Training in China, 2011-2015

3.1 Overall Supply Analysis

3.1.1 Major Suppliers

3.1.2 Analysis on Supply Structure

3.2 Overall Demand Analysis

3.2.1 Demand Fields

3.2.2 Number of Subscribers

3.2.3 Market Scale

3.3 Finance and Accounting Vocational Education

3.3.1 Vocational Qualifications

3.3.2 Supply of Online Vocational Education on Finance and Accounting

3.3.3 Market Demand

3.3.4 Market Competition

3.4 Professional Foreign Languages

3.4.1 Types of Vocational Qualifications

3.4.2 Supply of Online Vocational Education on Professional Foreign Languages

3. 4.3 Market Demand

3.4.4 Market Competition

3.5 Engineering and Construction

3.5.1 Types of Vocational Qualifications

3.5.2 Supply of Online Vocational Education on Engineering and Construction

3.5.3 Market Demand

3.5.4 Market Competition

3.6 Law

3.6.1 Types of Vocational Qualifications

3.6.2 Supply of Online Vocational Education on Law

3.6.3 Market Demand

3.6.4 Market Competition

3.7 IT Training

3.7.1 Types of Vocational Qualifications

3.7.2 Supply of Online Vocational Education on IT Training

3.7.3 Market Demand

3.7.4 Market Competition

3.8 Public Servant Examination

3.8.1 Job Categories and Enrollments of Public Servant

3.8.2 Supply of Training on Public Servant Examination

3.8.3 Market Demand

3.8.4 Market Competition

3.9 Others

4 Analysis on Upstream and Downstream Industry Chain of Online Vocational Education & Training in China, 2011-2015

4.1 Upstream

4.1.1 Internet Services

4.1.2 Faculty

4.1.3 Analysis of Upstream Costs

4.2 Marketing Strategies

4.2.1 Open Courses of Masters

4.2.2 College-Enterprise Cooperation

4.2.3 Platform Association

4.2.4 O2O

4.3 Classification of Online Vocational Education Enterprises

4.3.1 Platform-oriented Model

4.3.2 Content-oriented Model

4.3.3 Other Models

4.4 Analysis on Subscribers of Online Vocational Education

5 Market Competition of Online Vocational Education & Training in China, 2001-2015

5.1 Barriers to Entry

5.1.1 Capital Barriers

5.1.2 Brand Barriers

5.1.3 Technical Barriers

5.1.4 Other Barriers

5.2 Analysis on Market Competition Structure

5.2.1 Bargaining Power of Upstream Suppliers

5.2.2 Bargaining Power of Clients

5.2.3 Competition inner the Industry

5.2.4 Threats from Potential Entrants

5.2.5 Substitute

6 Analysis on Major Enterprises in Online Vocational Education & Training Industry in China, 2015-2016

6.1 Major Enterprises in Online Finance and Accounting Training in China, 2014-2015

6.1.1 Company 1

ž   Company Profile

ž   Operation Status

ž   SWOT Analysis

6.1.2 Company 2

6.1.3 Company 3

6.1.4 Company 4

6.1.5 Company 5

6.2 Major Enterprises in Online Professional Foreign Languages Training in China, 2015-2016

6.2.1 Company 1

ž   Company Profile

ž   Operation Status

ž   SWOT Analysis

6.2.2 Company 2

6.2.3 Company 3

6.2.4 Company 4

6.2.5 Company 5

6.3 Major Enterprises in Online Engineering and Construction Training in China, 2015-2016

6.4 Major Enterprises in Online Legal Training in China, 2015-2016

6.5 Major Enterprises in Online IT Training in China, 2015-2016

6.6 Major Enterprises in Online Public Servant Examination Training in China, 2015-2016

7 Prospect of Online Vocational Education & Training Industry, 2016-2020

7.1 Analysis on Factors Influencing Development of the Industry

7.1.1 Driving Factors

7.1.2 Potential Risks

7.2 Forecast on Supply in Online Vocational Education & Training Industry in China, 2016-2020

7.2.1 Overview of Supply

7.2.2 Segments of Supply Field

ž   Finance and Accounting Vocational Education

ž   Professional Foreign Languages

ž   Engineering and Construction

ž   Law

ž   IT Training

ž   Public Servant Examination

ž   Others

7.3 Analysis on Demand in Online Vocational Education & Training Industry in China, 2016-2020

7.3.1 Overview of Demand

7.3.2 Segments of Demand Field

ž   Finance and Accounting Vocational Education

ž   Professional Foreign Languages

ž   Engineering and Construction

ž   Law

ž   IT Training

ž   Public Servant Examination

ž   Others

7.4 Forecast on Competition in Online Vocational Education & Training Industry in China, 2016-2020

Selected Charts

Chart Constitution of Online Vocational Education Industry Chain

Chart Number of Chinese Netizen, 2005-2015

Chart Market Size of Online Vocational IT Training in China, 2011-2015

Chart Enrollments of Public Servants in China, 2011-2015

Chart Market Size of Online Public Servant Examination Training in China, 2011-2015

Chart Market Size of Online Vocational Education & Training in China, 2011-2015

Chart Profit Model of Online Vocational Education in China

Chart Classification on Skills & Techniques of Vocational and Technical Education

Chart Forecast on Market Size of Online Vocational Education & Training in China, 2016-2020

The post Research Report on Online Vocational Education & Training Industry in China, 2011-2020 first appeared on CRI Report.