Market Research Future (MRFR) forecasts the “Online Education Market information by Learning Type, by Components, by Vertical and Region – forecast to 2030” market size will reach USD 197.64 billion by 2030, increasing at a compound yearly growth rate of 22.7 percent.
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Online Education Market Size By 2030
Exclusively Included in the Market USP:
Infrastructure is insufficient to operate as a market restraint
Over the projection period, market limitations could include a lack of infrastructure and an important learning environment.
Market Challenge: A Lack of Face-to-Face Interactions
In the forecast period, market challenges could include a lack of face-to-face interactions in online learning, the need for higher self-motivation, imbibition of theoretical knowledge, lack of practical knowledge, a lack of online education services for the dumb and deaf, issues with educational quality, and low teacher control over students.
Analyses by Region:
North America is poised to dominate the online education market
During the forecast period, North America will dominate the online education market. The availability of highly sophisticated internet infrastructure, the presence of well-established infrastructure, the presence of a highly-skilled workforce, the growing demand and adoption of BYOD policies among corporate enterprises, the presence of key players, the presence of top universities, the availability of highly sophisticated internet infrastructure, increased competition among service providers, key players offering more security for data via ensuring greater outreach and quick access, technological advances, increased use of BYOD policies among corporate enterprises, the presence of key players, the presence of key universities, the availability of highly
The market for online education in APAC is expected to grow at a rate that is commendable
Over the projection period, the APAC region will see impressive growth in the online education industry.
Rising internet use, rising smartphone adoption, the presence of leading economies such as Japan, China, and India, a large number of educational institutions, rising use of online education services, rising adoption of cloud-based smart learning solutions at the time of the pandemic, notable investments in the creation of IT infrastructure, and developments in the education sector such as learning management.
Impact of COVID-19 on the Global Online Education Market
The spread of COVID-19 had a favorable impact on the online education business. As a result of the virus’s spread, schools, colleges, and other institutions were forced to close, resulting in a surge in demand for online lessons.
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