Digital Education Market

Global Digital Education Market Size (2024 to 2032)

The global digital education market size is predicted to grow from USD 33.38 billion in 2024 to USD 296.65 billion by 2032, growing at a stunning CAGR of 31.4% during the foreseen period.

MARKET DRIVERS

Factors such as ease of access to content from any corner of the world, self-paced mode of administration offering convenience to learn at the desired speed, and the best-in-class teachers producing content that can help students learn efficiently with digital education are propelling the global market growth.

Educational content that uses visual and audio sensory roots for the administration of content, hands-on exposure to computers, and programming content over cloud-based architecture and ease of deployment are further supporting the global digital education market growth.

Some of the prominent aspects determined to drive the growth of the digital education market include reduced infrastructure cost, increased scalability of many modes involved in online learning, and an increasing trend towards microlearning. Technological advancements and innovations, such as MOOC-based learning models and online classrooms, make the Digital Education paradigm lucrative for existing primarily offline education services.

The increased number of mobile phones and tablets and the demand for custom-made self-paced learning content have paved the way for greater digital education services.

Several vendors in the global digital education content market offer content that is compatible with handheld devices like mobile phones and tablets, in addition, the industry has capitalized on the capabilities of these devices to create audio-based and visual content that cannot be produced in the standard offline learning environment. In addition, learners and some educational institutions are increasingly moving towards digital content over traditional methods. An essential component of the digital education story is the role of cloud computing, this has enabled reliable storage and compilation of digital content. Thus, the rising penetration of Internet-enabled devices will drive the growth of the market. Furthermore, due to the ongoing crisis of the COVID-19 pandemic, it has been seen that students and working professionals have increased their digital education content consumption manifold. This is partly fuelled by companies like Coursera making their courses free for college enrolled students, and partly because of the anticipated recession after the resolution of the COVID-19 pandemic.

MARKET RESTRAINTS

Lack of credible certification is one of the significant restraints to the growth of the digital education market. Factors such as a lack of a good doubt-clearing platform and high costs associated with some of the courses are inhibiting the adoption of digital education and hindering global market growth. The ease with which end users might cheat their way through evaluative components of the digital material makes the credibility of digital certification suspect. Nevertheless, the Digital Education industry has also started finding workarounds to this problem. 

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Digital Education Market Analysis By Learning Type

Based on learning type, the instructor-led online education segment is estimated to lead the digital education market during the forecast period. Instructor-led online education is being preferred for several skill-based courses as they offer the added advantage of interaction with the instructor. Although the cost involved with this segment is high, instructor-led digital education is predicted to expand in the coming years.

Global Digital Education Market Analysis By Course Type

Based on course type, science and technology courses include computer science, health and medicine, engineering, chemistry, and physics. Computer science and programming deal with creating end-to-end systems that can perform a computational function. Companies encourage their employees to enroll on digital education platforms to improve their skills, promoting the segment computer science and programming courses.

Global Digital Education Market Analysis By End User

Based on end users, the individual learners and academic organizations sectors are poised to grow on both fronts primarily because the personal drive to upskill oneself is becoming more common and companies' increasing desire to see their employees work with new and more efficient methods in their industry.

REGIONAL ANALYSIS 

In terms of revenue, Asia Pacific is expected to witness high growth over the outlook period. The key factor of this growth will be industrial developments in the developing nations of the region, which will increase the skill demand from the workforce and emphasize the state of the art.

North American educational institutions are the fastest in adapting to digital platforms. The increasing collaborations of digital education vendors and research specialists are the main growth drivers in the North American market. The region is determined to develop in a remarkable way due to the rising adoption of novel technologies compared to other areas in the digital education ecosystem. Also, the large-scale investments in outsourcing digital education services by various universities in North America will supplement industry growth in the future.

The Latin American market is expected to grow lucratively during the calculated period. Also, the Middle East & Africa is expected to follow Latin America in revenue in the global Digital Education market.

KEY PLAYERS IN THE GLOBAL DIGITAL EDUCATION MARKET

Companies playing a key role in the global digital education market include Coursera, edX, BYJU'S, Edureka, Udemy, Udacity and Eduonix.

RECENT HAPPENINGS IN THE GLOBAL DIGITAL EDUCATION MARKET

• In March 2020, as a solution to the COVID-19 pandemic, Coursera initiated a program to help universities and colleges offer courses at free cost to people around the world. Universities can access the Coursera platform to provide more than 3,800 courses and 400 specializations to students worldwide.

• edX introduced its MicroBachelors Programs in January 2002, which are specially designed for people without academic degrees. Strong credentials are estimated to promote this course more than the other programs.

• In May 2019, Coursera published about the beginning of its new office in Toronto, Canada, which is envisioned to assist the firm in onboarding talented resources and offer services to more students.

• Pluralsight completed the purchase of GitPrime in May 2018, which is a leading developer productivity platform. This purchase is touted to enhance Pluralsight’s platform and add more value to its learners.

DETAILED SEGMENTATION OF THE GLOBAL DIGITAL EDUCATION MARKET INCLUDED IN THIS REPORT

This research report on the global digital education market has been segmented and sub-segmented based on the learning type, course type, end-user, and region.

By Learning Type

• Self-Paced Online Education
• Instructor-Led Online Education

By Course Type

• Science and Technology Courses
• Entrepreneurship and Business Management Courses
• Others

By End User

• Individual Learners and Academic Institutions
• Enterprises and Government Organizations

By Region

• North America
• Europe
• APAC
• Latin America
• MEA