Information Technology, Telecom & Internet, United States eLearning Market, Size, Share, Forecast 2022-2027, Industry Trends, Growth, Outlook, Impact of COVID-19, Company Analysis, Japan Smart Home Market, Number of Active & Penetration Households by Application, Products, Companies Analysis, Forecast, Australia Smart Home Market by Application, Products, Active Household Numbers, Penetration rate, Company Analysis, Forecast, Russia Online Education Market by Segment (Elementary, Central Secondary, Supplementary School, Higher, Secondary & Supplementary Vocational, Language Training) Company Analysis, China Online Education Market Forecast By Segment, (Early Childhood K12+Steam Education) and (Corporate, Vocational, Language) Training & Company Analysis, Global Eyewear Market to reach US$ 171.3 Billion by 2027, due to increasing defects in vision and awareness about eye care, Global Sugar Market to Reach USD 76.62 Billion by 2027, Propelled by Declining Global Output and Rising Crude Oil Prices, Asia Breast Cancer Screening Market to reach USD 16.5 Billion by 2027, due to increasing breast cancer awareness, government and NGOs supporting programs, and the aging population. 9.5.3. LONDON--(BUSINESS WIRE)--The higher education market is expected to grow by USD 37.82 billion during 2020-2024, according to the latest market research report by Technavio.Request a free sample report Handbook of labor economics, 3, 1801-1863. Others Strictly speaking, the y-axis measures the density of the distribution of years in other words, it shows the relative likelihood that the variable years of schooling takes on a given value. The production function provides a conceptual framework to think about the determinants of learning outcomes18: where A is skills learned (achievement), s is years of schooling, Q is a vector of school and teacher characteristics (quality), C is a vector of child characteristics (including innate ability), H is a vector of household characteristics, and I is a vector of school inputs under the control of households, such as childrens daily attendance, effort in school and in doing homework, and purchases of school supplies. Argentina Further, the COVID-19 pandemic caused the closing of classrooms worldwide and forced a billion students and millions of educators to modify their face-to-face academic practices wherever possible suddenly. (2016). North America Online Education Market, By Type How will North America online learning market perform through 2027? 11.5. Figure-94: Alphabet Inc Forecast for Global Revenue (Million US$), 2022 2027, Table-01: Global Online Education Market Share by User Type (Percent), 2016 2021 Regional averages are population-weighted. Card, D. (1999). Asia Pacific While these projections entail a number of assumptions, the conclusion seems to be that by 2050 we can hope most of the cross-country gaps in literacy to be closed. Global " Education Market " 2022 research report covers market size, share, emerging trends, and the key players of the industry including company profile, product specifications, production. The report covers the market landscape and its growth prospects over the coming . To the extent that the authors do not specify which sources were prioritised for each year/country, it is not possible for us to reliably extend the time series with newer data. Handbook of the Economics of Education, 2. Furthermore, despite Cambodias internet penetration being only 40 percent,the government has allocatedabout 54 percent more for online learning (US$ 1.7 Million) as opposed to TV & Radio (US$ 1.1 Million). Corporate Medical Education Market size was valued at USD 31.55 Billion in 2020 and is projected to reach USD 41.38 Billion by 2028, growing at a CAGR of 3.59 % from 2021 to 2028.. Data on the production of education shows that schooling tends to be largely financed with public resources across the globe, although a great deal of heterogeneity is observed between countries and world regions. The visualization, plotting public expenditure on education as a share of Gross Domestic Product (GDP) for a number of early-industrialized countries, shows that this expansion took place mainly through public funding.12. The report provides key statistics on market. Here we focus on enrollment and attendance rates specifically at the primary level. The global education market will continue to provide programs that are compatible with the needs of today's workforce and industries. Specifically, these estimates come from Barro Lee (2010)6, and cover the period 1950-2010. EdTech Venture Capital reached 3x pre-pandemic investment levels in 2021, accelerating startups around the world with over $20B of funding. Regarding social returns, the most common approach is to measure the effect of education on pro-social behaviour (e.g. The Global Education Apps Market share is set to increase by USD 124782.56 million from 2022 to 2027. As incomes measured by GDP per capita are generally increasing around the world, this means that the total amount of global resources spent on education is also increasing in absolute terms. And once again, we see the pattern that has already been discussed: early-industrialized countries pioneered the expansion of education in the 19th century, but this process became a global phenomenon after the second World War. Increasing number of schools and higher education institutions that have adopted smart devices in modern. Figure-67: Singapore Online Education Market (Billion US$), 2016 2021 9.1. The research report also covers the Market Size, Price, Sales, Revenue, share, Gross Margin . Simulated learning is becoming mainstream in workforce learning, while the Metaverse remains some time away for mainstream education. The parent market, the education services . Policy experiments have also shown that pre-school investment in demand-side inputs leads to large positive impacts on education and other important outcomes later in life. This reflects the fact that there has been a continuous increase in average years of schooling worldwide: as the share of the uneducated population fell over time, the concentration at the lower level became less pronounced. Others. Competitive Rivalry in the Industry 9.3.2. Join 80,000+ free weekly newsletter subscribers. Virtual classroom 6. Figure-80: Colombia Forecast for Online Education Market (Billion US$), 2022 2027 You can also contact MarketWatch Customer Service via our Customer Center. Figure-90: Byju's Forecast for Global Revenue (Million US$), 2022 2027 Q5. Geographically, the global online education market is studied across North America, South America, Europe, Middle East and Africa (MEA), and Asia-Pacific (APAC). In: Penelope Peterson, Eva Baker, Barry McGaw, (Editors), International Encyclopedia of Education. Instructure Inc., w19007. What will be the online education market size by 2027? In the year 2021, the Global Educational Robots Market was valued at USD xx.x million. For instance, the OECD Education at a Glance report (1998), which presents estimates for the years 1990 and 1995, suggests discrepancies with the values reported by Tanzi & Schuktnecht (2000) for 1993. Figure-14: User Type Forecast for Corporate Market (Billion US$), 2022 2027 This is a great accomplishment! The advancements in technology and innovations are changing the . The data used for this figure comes from the March Current Population Surveys in the US. Web3 offers the promise of decentralized access to education and learning, but the focus for now is utilizing blockchain technology to enable tamper-proof verification and ease of credential sharing. Figure-44: Europe Forecast for Online Education Market (Billion US$), 2022 2027 9.6.2. Furthermore, the market growth is likewise expected to be facilitated attributing to the expanding interest for versatile and adaptive learning and the emergence of an AI-enabled e-learning solution. 7.3. No. 9.6 Others, 10. The estimates discussed in this section come from The International Institute for Applied Systems Analysis (IIASA). It gives them more edge for academic institutions if they adopt digital education as one of their offerings. Data on PISA scores corresponds to 2010 mean average test scores across categories mathematics, reading and science (source: OECD PISA). Figure-77: Chile Online Education Market (Billion US$), 2016 2021 Some of these programs may even be used to support access to devices for students (e.g., tablets, computers) and mobile hotspot devices and data plans. As we can see, there is a strong positive relationship. 6.2 By Provider Online Education Market was valued at US$220.837 billion in 2020. By technology, the market is categorized into mobile e-learning, learning management systems, application simulation tools, rapid e-learning, podcasts, and virtual classroom. 12.2.3 Revenue, 12.3.1 Overview Education technology (EdTech) includes hardware and software technology used to educate students on a virtual level to improve learning in classrooms and enhance . The visualization presents three scatter plots using 2010 data to show the cross-country correlation between (i) education expenditure (as a share of GDP), (ii) mean years of schooling, and (iii) mean PISA test scores. The chart shows the number of the worlds young population who are out of school across primary- and secondary-school-age. These segments are further categorized to study the market in detail. 6.6. The economic impact of universities: Evidence from across the globe (No. volume 2, pp. The visualization, from the UNESCO report Measuring Exclusion From Primary Education (2005), shows the relationship between these two measures. 4.2 Challenges The demography of educational attainment and economic growth. Further details on regional classifications are available in the source paper. The rapid penetration of mobile phones and tablets, rising technological advancements, and the growing adoption of advanced technologies such as virtual classrooms in the education sector are the major factors driving the growth of the market. 3.1. In 2020 this figure is expected to be approximately $6.5 trillion. The market is divided into the following segments based on geography: Americas APAC EMEA Technavio's report, Global Education Marketing Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. 4. Figure-19: User Type Government Market (Billion US$), 2016 2021 All other material, including data produced by third parties and made available by Our World in Data, is subject to the license terms from the original third-party authors. Figure-61: India Online Education Market (Billion US$), 2016 2021 In addition, we are seeing the rise of entire trade associations dedicated to . The presence of an enormous number of service and content suppliers in the market is bringing colossal volumes of instructive substance to the web. The visualization shows that this positive correlation is indeed supported by the data. You can compare achievement above minimum, intermediate, and advanced benchmarks, country by country and over time, in these three line charts: The most common way to gauge differences in the way countries produce education, is to analyze data on expenditure. Demography, education, and democracy: Global trends and the case of Iran. I want to buy a house. When citing this topic page, please also cite the underlying data sources. Figure-85: Coursera Global Revenue (Billion US$), 2016 2021 In addition, the end-users using the online education delivery models like Academic, Over the years, information and communication technologies have kept advancing. A classic example of a mechanism though which education may yield such positive economic externalities, is that aggregate education improves a countrys ability to innovate, as well as imitate and adapt new technologies, hence enabling technological progress and sustained growth (see Lindahl and Krueger (2001) for an overview of further macroeconomic theories of education and growth).26, While early studies found that schooling levels were poor predictors of economic growth, more recent studies that crucially made use of better data confirm the expected positive link. Thesame data is also then published by the World Bank (World Bank EdStats and World Development Indicators) and Gapminder. Israel 10.2.4 Italy How did the ongoing coronavirus (COVID-19) pandemic impact the online education industry growth? 10.4.2 Argentina In May 2021, Kahoot, the popular Oslo-based edtech company that focuses on framing a business out of gamifiying education and providing a platform for users to design their learning games, is acquiring Clever, a start-up that has provided a single sign-on portal for educators, students, and their families to build and engage in digital learning classrooms with an aim for education innovation. In fact, Latin America and Eastern Europe caught up with the group of advanced economies in the 1980s, and the gender gaps in these regions have already been closed almost completely (i.e. For better or worse, the industry has leaned into legacy data and practices to support ongoing relationships between schools and . However, Asia-Pacific is projected to witness the fastest market growth rate during the forecast period owing to rising internet penetration along with the growing use of mobile devices in emerging economies. Besides, the growing collaboration between institutions and enterprises is another factor driving the market growth for higher education. How big is the global online education market? Business model evolving in line with shifting customer requirements. What we learn from this result is that test scores that are larger by 1 standard deviation (measured at the student level across all OECD countries in PISA) are associated with an average annual growth rate in GDP per capita that is two percentage points higher over the whole 40-year period.29, This coincides with other studies showing that historical increases in the number of universities across countries are positively associated with subsequent growth of GDP per capita (Valero and Van Reenen 2016).30, A number of studies have found that it is actually education in the form of cognitive skills, rather than mere school attainment, what really matters for predicting individual earnings and economic growth. These estimates correspond to back projections: researchers used educational attainment estimates from the UN for the year 2000, and projected backwards from this single year. The estimates in the visualization correspond to regional averages of total year of schooling for females (15-64 years of age), divided by the corresponding regional averages for males (15-64 years of age). This chart is an added-variable plot of a regression of the average annual rate of growth (in percent) of real GDP per capita in 19602000 on the initial level of real GDP per capita in 1960, average test scores on international student achievement tests, and average years of schooling in 1960. 5.1. In this section we begin by providing an overview of education expenditure around the world, and then turn to the question of how expenditure contributes to the production of education. While in the last decade the share of public funding for these levels of education has decreased slightly, the broad pattern is remarkably stable. PM eVidya, a unique and innovative venture by the Ministry of Education, Government of India was introduced in May 2020 to facilitate multi-mode access to online education contents of various types among students and teachers. Citrix Systems, Inc. Developing interest to decrease the expense of instruction, expanding government drives supporting online schooling, and expanding infiltration of cell phones and the internet are the variables adding to the growth of the online education market. All the software and code that we write is open source and made available via GitHub under the permissive MIT license. The expanding telecom & broadband sector has increased the accessibility to economical internet connectivity plans. Copyright 2022 MarketWatch, Inc. All rights reserved. Vendor Competitiveness Matrix Figure-34: Technology Forecast for Virtual classroom Market (Billion US$), 2022 2027 Figure-51: Italy Online Education Market (Billion US$), 2016 2021 8.2. Global education promotes understanding of social justice and human rights and the contribution they make to peace building and conflict resolution. Introduction Hence, online education. You can read more about this in Delgado, Henderson and Parmeter (2014)31, Hanushek (2013)32 and Pritchett (2001).33. Strictly speaking, for this spending pattern to be truly progressive there must be subsidies or income-contingent loans to guarantee that low-income students can also access tertiary education and reap the private benefits from this type of investment. Canada E-Learning Market size surpassed USD 315 billion in 2021 and is projected to observe 20% CAGR from 2022 to 2028. 10.1. From raw materials to end users of this industry are analyzed scientifically, the trends of product circulation and sales channel will be presented as well. His teenage kids have no college savings. Geographically, the regional consumption and value analysis by types, applications, and countries are included in the report. Science, 319(5866), 1047-1048. These include: Education is widely accepted to be a fundamental resource, both for individuals and societies. Figure-02: Global Forecast for Online Education Market (Billion US$), 2022 2027 Available online here. Until 2014 this number fell to 263 million, despite an increase in the global young population.For 2014 it can be seen that at the primary school age the number of girls that are out of school is higher than for boys. Until 2014 this number fell to 263 million, despite an increase in the global young population. Global Education Market 2022 research report covers market size, share, emerging trends, and the key players of the industry including company profile, product specifications, production capacity, revenue, price and gross margin. Which are the key companies operating in the e-learning landscape? Global Medical Education Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. However, the accessibility of plentiful free substances and the absence of awareness in the end-users are challenging the market growth. I want to spend the rest of my days traveling will I have enough money? 12.5.3 Revenue, Figure-01: Global Online Education Market (Billion US$), 2016 2021 Similarly, after accounting for literacy proficiency, the percentage of individuals with tertiary education increases by 16 percentage points compared to someone who has upper secondary or post-secondary non-tertiary education.. Research& Methodology Throughout this entry we have discussed quantity measures of educational attainment. Journal of Economic Literature, 39(4), 1101-1136. Virtual Reality for Education Global Market size and growth prospects, 2015 - 2030 3.3. Governments around the world are nowadays widely perceived to be responsible for ensuring the provision of accessible quality education. The highest level of education that individuals complete is another common measure of educational attainment. The primary key companies studied in our report include Coursera, Instructure Inc., Byju's, Adobe Inc. and Alphabet Inc. By Country Available online here. As usual, these results should be interpreted carefully, because they do not imply a causal link: it does not prove that increasing education necessarily produces democratic outcomes everywhere in the world.However, the academic research here does suggest that there is a causal link between education and democratization indeed, a number of empirical academic papers have found that this positive relationship remains after controlling for many other country characteristics (see, for example, Lutz, Crespo-Cuaresma, and AbbasiShavazi 201024). "Final Report will add the analysis of the impact of COVID-19 on this industry.". Global "Education Technology And Smart Classroom Market " 2022 Reports give a Key study on the industry status of the Education Technology And Smart Classroom Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. Therefore, it will be experiencing a CAGR of 18.1% during this period. Post COVID, we expect to see significant growth in early childhood and workforce segments, deflation in higher education and K12 growth driven by emerging markets. The challenges are therefore much larger in these countries. China 9.2.2. Rapid E-learning In 2019, the academic market was valued at $103 billion and expected to grow CAGR 11.23% by 2025. 6.7. Even at this level, digital spend will only represent 5.5% of the total market. Available online here. 12.4.2 Recent Development Research Methodology Considering COVID-19, this report provides comprehensive and in-depth analysis on how the epidemic push this industry transformation and reform. Adobe Inc. Thailand The online education market is evaluated at US$220.837 billion for the year 2020 and is projected to grow at a CAGR of 10.91% to reach US$455.990 billion in 2027. In other words, education pay-offs are not constant over the life cycle. The OECDs report Education at a Glance (2015) provides similar descriptive evidence for other social outcomes. At a cross-sectional level, expenditure on education correlates positively with both quantity and quality measures; and not surprisingly, the quality and quantity measures also correlate positively with each-other. Figure-75: Argentina Online Education Market (Billion US$), 2016 2021 Cisco Asia Pacific Online Education Market, By Technology South America Competitive Environment and Analysis Global Online Education Market Analysis, by Geography In May 2021, Indian online higher education platform upGrad acquired Impartus, a video-learning solutions provider, for? From a historical perspective, the world went through a great expansion in education over the past two centuries. Middle East and Africa The environment that children are exposed to early in life, plays a crucial role in shaping their abilities, behavior and talents. The Education market report covers market segmentation by geography (North America, Europe, China, Japan, Middle East and Africa, South America, India, South Korea, Southeast Asia and Others). The visualization presents OECD-average expenditure on education institutions by source of funds.13. United Nations Educational, Scientific and Cultural Organization. South America Online Education Market, By Technology All our studies come with 2 months of analyst support. Those countries that pioneered the expansion of primary education in the 19th century all of which are current OECD member states relied heavily on public funding to do so. Players in the e-learning space to adopt a hybrid channel approach. Historical Data: 2018 - 2020 Description Table of Contents Analysis Type Research Methodology Request for Sample Report Summary The global K-12 private education market was valued at USD 2.19 billion in 2021 and is expected to grow at a CAGR of 6.6% during the forecast period. Licenses: All visualizations, data, and articles produced by Our World in Data are open access under the Creative Commons BY license. 4.1. The advancement of the idea to provide education for more and more children only began in the mid 19th century, when most of todays industrialized countries started expanding primary education. Figure-03: User Type Academic Market (Billion US$), 2016 2021 South America Online Education Market, By End-User The growing demand for online learning has stemmed from the growing requirement to create a system that not only boosts medical professionals' knowledge but also allows them to . Many companies offer free and engaging content online as amarketing strategy to increase their penetration and market share. MPS Limited School enrollment and attendance are two important measures of educational attainment. This allows an analysis of the stock of human capital that a population has at any given point in time. They collected data from a large set of psychometrically-robust international and regional student achievement tests available since 1965, and they linked them together in a common measurement system. The e-learning industry is expected to exceed $107 billion by 2015, according to Global Industry Analysts. Moreover, the market's growth momentum will accelerate at a CAGR of 28.61% as per the latest . As it can be seen, all countries outside Africa (with the exception of Afghanistan) have literacy rates above 50%. Figure-27: Technology Learning Management System (LMS) Market (Billion US$), 2016 2021 7.2.2 SMBs, 8. In the previous interactive visualisation we showed how the average number of years spent in school has been going up constantly across the world. In contrast, by 2010 the distribution had shifted drastically to the right. We will always indicate the original source of the data in our documentation, so you should always check the license of any such third-party data before use and redistribution. Although the rapidly spreading coronavirus harshly affected all businesses, the online education system surprisingly showed lucrative growth opportunities amid the threatening pandemic. 8.4. Those individuals with upper secondary or post-secondary non-tertiary education are taken as the reference group, so the percentage point difference is expressed in relation to this group. Here we analyse available evidence of the private (i.e. Figure-50: France Forecast for Online Education Market (Billion US$), 2022 2027 4. Data on years of schooling corresponds to 2010 mean years of schooling for the population aged 15 and over (source: Barro Lee Education dataset). The world bank economic review, 15(3), 367-391. (2001). Figure-15: User Type Large Enterprises Market (Billion US$), 2016 2021 Handbook of the Economics of Education, Volume 5. In Chapters 8, the report presents company's recent development and strategies to deal with the impact of COVID-19. A long-standing theory in political science stipulates that a countrys level of education attainment is a key determinant of the emergence and sustainability of democratic political institutions, both because it promotes political participation at the individual level, and because it fosters a collective sense of civic duty. Rich countries, on the other hand, tend to be less clustered. 7.1. Globally, all markets are preparing for deeper integration of digital into their education systems, with broad-ranging policy for internet access, digital platforms, enhanced security and privacy regulations. Although the United States was key in the rapid development of COVID-19 vaccines, the data in this report show the U.S. S&E enterprise could be strengthened. Global education market reaches $4.4 trillion and is growing By Valerie Strauss February 9, 2013 at 11:25 a.m. EST Article The report, issued by the London-based investment bank IBIS Capital,. This is explained by near-universal enrolment rates at these levels of education and the demographic structure of the population. 2.1. The current market is quantitatively analyzed from 2020 to 2027 to highlight the global medical education market growth scenario. Others North America United States Canada 2. Figure-24: Provider Forecast for Content Market (Billion US$), 2022 2027 9.5. Australia, Brazil Giant education brands, publishers and more recently technology platforms cast long shadows across the global education sector. 3 unexpected ways inflation affects our finances. Figure-68: Singapore Forecast for Online Education Market (Billion US$), 2022 2027 The 2022 Outlook provides a detailed list of the top performing listed education companies and those which have performed the worst over the last year. Figure-56: Russia Forecast for Online Education Market (Billion US$), 2022 2027 Rapid e-learning 5. Education technology is becoming a global phenomenon, and as distribution and platforms scale internationally, the market is projected to grow at 11% per annum, to $341 billion by 2025. One of the main hurdles in the online education market is the limited accessibility by the poor people in rural areas owing to the low internet penetration and less smartphone adoption. 9.2.5.3. For earlier periods, historians have to reconstruct data from other sources. According to Holon Q, the global education market size is expected to reach $10 trillion by 2030 and is growing at a compound annual growth rate (CAGR) of 4.5% each year. This chart shows the share of students who achieve minimum proficiency (i.e. Figure-54: Spain Forecast for Online Education Market (Billion US$), 2022 2027 As pointed out, those figures were difficult to interpret causally, because they failed to account for important underlying differences in things like hours worked, experience profiles, etc. 6. court documents). 9.5.5.1. Introduction volume 2, pp. Figure-07: User Type Vocational Training Market (Billion US$), 2016 2021 Figure-63: Japan Online Education Market (Billion US$), 2016 2021 The market is anticipated to register a CAGR of 30.5% from 2021 . Sep 28, 2022 (The Expresswire) -- 9.6.5.1. North America Online Education Market, By End-User Market growth will be fueled by falling operational low-costs, simplified training processes, and flexible and convenient learning solutions. The US set . 10.3.6 Australia, 10.4.1 Brazil Figure-11: User Type Others Market (Billion US$), 2016 2021 Mergers, Acquisitions, Agreements, and Collaborations The MarketWatch News Department was not involved in the creation of this content. North America Online Education Market, By Technology As we can see, learning outcomes tend to be much higher in richer countries; but differences across countries are very large, even among countries with similar income per capita. Global Insights from HolonIQs Intelligence Unit. Regions of Technical and Vocational Education Market. Now we turn to quality measures of education. Others The number of years of schooling that a child of school entrance age can expect to receive if the current age-specific enrollment rates persist throughout the childs life by country.This is shown in the map. Rapid e-learning The last two decades have seen a small but general increase in the share of income that countries devote to education. Female labour supply, human capital and welfare reform. 12.5.2 Recent Development It is the result of increased appreciation of the benefits of education to the individual and society, as well as and increased government provision. Figure 1 in Card, D. (1999). 9.3.4. And regarding household inputs, the recent experimental evidence suggests that interventions that increase the benefits of attending school (e.g. Taiwan This situation showed the strengths and weaknesses of education systems facing the challenge of digitalization. Germany Market Definition 9.4.5.3. The visualization shows the recent evolution of inequality in educational attainment, through a series of graphs plotting changes in the Gini coefficient of the distribution of years of schooling across different world regions. This question is motivated by the notion that aggregate education (human capital) generates positive spill-over effects for everyone. The global U.S. Education Market accrued earnings worth approximately 1.1 (USD Trillion) in 2020 and is predicted to gain revenue of about 2.3 (USD Trillion) by 2028, is set to record a CAGR of nearly 4.5% over the period from 2021 to 2028. Emerging Players and Market Lucrativeness 10.4. The previous visualization showed the important progress that countries around the world have made regarding access to education, as measured by enrollment rates. The growth in access to primary education across developing countries was achieved through an important increase in government expenditure on education in these countries (you can read more about this in our discussion of global expansion in education expenditure). Industry Value Chain Analysis Considering the influence of COVID-19 on the globalEducationmarket, this report analyzed the impact from both global and regional perspectives. Brazil Forecast By Application, Products, Active Household Numbers, Penetration rate, Company Analysis. Russia Online Education Market will be USD 2.01 Billion by 2026. 9.5 Virtual classroom Figure-47: Germany Online Education Market (Billion US$), 2016 2021 Research Data The difference lies in the source of information regarding participation: enrollment figures come from official records, while attendance estimates comes from asking households directly. 4.2. Grand Canyon keyword, Inc. Blackboard Inc. GameLab keyword McGraw-Hill keyword Laureate keyword Bright Horizons Family Solutions Pearson LAIOB - Latin America Institute of Business Strategic keyword 2U, Get a Sample Copy of the Education Market Report, To Understand How Covid-19 Impact Is Covered in This Report - https://www.absolutereports.com/enquiry/request-covid19/18810768. Measuring learning outcomes in a way that enables us to make comparisons across countries and time is difficult. Oracle For example, Belgium and Canada have roughly similar average outcomes; but Canada has a higher share of students that achieve minimum proficiency, while Belgium has a larger share of students who achieve advanced proficiency. 9.3.5.2. Literacy is a key skill and a key measure of a populations education. Major Players and Strategy Analysis The most common way to measure the private returns to education, is to study how attainment improves individual labor market outcomes usually by attempting to measure the effect of education on wages. Literacy rates are determined by literacy questions in a census or sample survey of a population, in standardized tests of literacy, or via extrapolation from statistics about school enrollment and educational attainment.2. I make $80,000 and have $220,000 in student debt. M&A surged with 580 transactions delivering almost $40B of acquisitions. Russia, China Improving Education Outcomes in Developing Countries: Evidence, Knowledge Gaps, and Policy Implications. The global educational services market grew from $2,882.52 billion in 2021 to $3,184.45 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. Which region holds the maximum market share of the online education market? Figure-40: United States Forecast for Online Education Market (Billion US$), 2022 2027 Global Online Education Market Analysis, by Technology Mobile e-learning This can be ascribed to the increasing enrollments around the world. Vendor landscape 3.4. (2013). The source for the visualization Tanzi & Schuktnecht (2000) compiles estimates from many sources, including: League of Nations Statistical Yearbook (various years), Mitchell (1962), OECD Education at a Glance (1996), UNESCO World Education Report (1993), UNDP Human Development Report (1996), UN World Economics Survey (various years). 9.2. Figure-33: Technology Virtual classroom Market (Billion US$), 2016 2021 Indeed, in most countries basic education is nowadays perceived not only as a right, but also as a duty governments are typically expected to ensure access to basic education, while citizens are often required by law to attain education up to a certain basic level.1. Your submission has been received! All Rights Reserved, Type, Technology, Vendor, End-User, And Geography, North America, South America, Europe, Middle East and Africa, Asia Pacific. Further, the e-evolution or e-revolution led to e-mails, e-commerce, e-government, and now has e-education. As per our analysis, Asia-Pacific and North America hold the top two positions in the market. The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape . Delgado, M. S., Henderson, D. J., & Parmeter, C. F. (2014). Here we focus on evidence of access to education, as measured by school attendance. Executive Summary, 4.1 Growth Drivers Population and Development Review, 36(2), 253-281. 6 acquisitions and take privates accounted for $400M of market cap loss. Introduction 4.3.4. Online e-learning 2. 11.7. Renub Research is a Market Research and Consulting Company. As per Maximize Market research, a global business research and consultancy firm, the total global market for Education Apps Market dynamics, structure by analyzing the market segments and projects the Market size. 9.4 Rapid e-learning Will I end up supporting him? 245-252. A4. $48.7 Billion. Digital Education Market Insights. Barro, Robert and Jong-Wha Lee, April 2010, A New Data Set of Educational Attainment in the World, 1950-2010. Journal of Development Economics, vol 104, pp.184-198. These emerging countries offer great opportunities in the online education market. E-learning or online education is transforming the way we approach teaching and learning. Technology - Global Online Education Market, 9.1 Online e-learning 9.5.5. The preceding visualization shows that, despite the fact that literacy is today higher than ever, there are still important challenges in many developing countries. Figure-62: India Forecast for Online Education Market (Billion US$), 2022 2027 It shows that income is an important factor that affects both expenditure on education and education outcomes: we can see that above a certain national income level, the relationship between PISA scores and education expenditure per pupil becomes virtually inexistent. Under COVID-19 outbreak globally, this report provides 360 degrees of analysis from supply chain, import and export control to regional government policy and future influence on the industry. Global Early Childhood Care and Education Market Research Report 2022 - Market Size, Current Insights and Development Trends The report focuses on the Early Childhood Care and Education market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. According to Renub Research China Online Education Market will be an opportunity of US$ 100 Billion by 2026. 11.2. Figure-09: User Type K-12 Education Market (Billion US$), 2016 2021 Education for Growth: Why and for Whom?. Digital Education Market to grow at a CAGR 31.20% by forecast 2028. As we can see, in all countries those individuals with tertiary education were by far the group most likely to report trusting others. Despite progress in the long run, however, large inequalities remain, notably between sub-Saharan Africa and the rest of the world. The developing appropriation of cloud-based arrangements combined with rising investment speculations by significant market penetrators towards improving the security and unwavering quality of cloud-based education platforms is further expanding its selection among the institutions. 9.6.5.4. Spain 5. Figure-71: South America Online Education Market (Billion US$), 2016 2021 11.10. Regulation will tighten before easing as digital learning becomes mainstream, public-private partnerships gradually accepted and credentials will become more diverse. The global market for education is $4.4 trillion, and poised to grow significantly over the next five years, according to an analysis by an international investment bank that advises companies on educational technology. Education technology (EdTech). Figure-36: Technology Forecast for Others Market (Billion US$), 2022 2027 Region - Global Online Education Market has been done 5 viewpoints: United Kingdom Middle East and Africa Online Education Market, By End-User Online e-learning 2. Figure-30: Technology Forecast for Mobile e-learning Market (Billion US$), 2022 2027 Market Drivers As we can see, the average number of years spent in school has gone up around the world. The global higher education technology market research report highlights leading regions across the world to offer a better understanding of the user. Handbook of labor economics, 3, 1801-1863. The interactive visualization shows trends in years of schooling for a selection of 111 countries during the period 1870-2017. You can check country by country trends over time in this line chart. For instance, Bangladesh experienced an extremely high internet penetration rate from merely 100,000 in 2000 to 94,199,000 in 2020. 11.3. UNESCO operationalizes the measurement of literacy as the ability to both read and write a short, simple statement about ones own life. What is the size of the global online education market? It is suggested that spending on digital education technology will reach $342 billion by 2025. WWWforEurope working paper; Working Paper no 6; Online at http://www.foreurope.eu/fileadmin/documents/pdf/Workingpapers/WWWforEurope_WPS_no006_MS15.pdf. Figure-08: User Type Forecast for Vocational Training Market (Billion US$), 2022 2027 This chart plots GDP per capita (after adjusting for differences in prices across countries and time), against average student test scores (after homogenizing and pooling international and regional student assessments across education levels and subjects). For a discussion of evidence supporting this claim, see Hanushek, E. A., (2006). Global Online Education Market Analysis, by End-User Argentina The global online education market is projected to witness a CAGR of 9.23% during the forecast period to reach a total market size of US$319.167 billion in 2025, increasing from US$187.877 billion in 2019. User Type Global Online Education Market: Higher Education Assumptions By Application Individual Academic K-12 Higher education Vocational training Corporate SMBs Large enterprises Government By Course Type We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. Chile Microsoft Corporation Figure-57: Asia-Pacific Online Education Market (Billion US$), 2016 2021 The causal effect of education on earnings. In other words, there is robust evidence supporting the causal effect of education on wages (for more details see Card 1999). 6.4 By Region, 7. Figure-82: Rest of South America Forecast for Online Education Market (Billion US$), 2022 2027 5. Figure-29: Technology Mobile e-learning Market (Billion US$), 2016 2021 Saudi Arabia 10.4.3 Chile Global Education Ltd. key Products/Revenue Segments include Sale of services, Printing, Computer Accessories & Electronics Goods for the year ending 31-Mar-2022. Industry Trends. 245-252. Increasing penetration of internet in many regions across the globe is a major factor driving the market growth. Figure-23: Provider Content Market (Billion US$), 2016 2021 The global online education market is projected to grow at a CAGR of 10.91% during the forecast period. the proportion who pass a global benchmark for advanced skills). Global Education Apps Market is expected to reach US $ 106.74 Bn by 2027, at a CAGR of 23% during the forecast period. These companies deliberately focus on developing innovative learning & education solutions that help gain a competitive position in the global market. 10.2. 5.3. Since differences in national expenditure on education do not explain well cross-country differences in learning outcomes, the data suggests that generic policies that increase expenditure on standard inputs, such as the number of teachers, are unlikely to be effective to improve education outcomes. Mobile e-learning 4. The concept of e-learning is a technology-mediated learning approach of great potential from the educational perspective, and it has been one of the leading research lines of Educational Technology in the last decades. NEW YORK, Dec. 9, 2022 /PRNewswire/ -- The global K-12 blended e-learning market has been categorized as a part of the global education services market. The report offers assessment and analysis of the U.S. Education Market on a global and regional level. Figure-38: North America Forecast for Online Education Market (Billion US$), 2022 2027 Singapore 2. Contact the source provider Comtex at editorial@comtex.com. 6.4. There are several international standardised tests that try to measure learning outcomes in a systematic way across countries; but these tests are relatively new, and they tend to cover only specific geographical areas and skills. As we can see, the countries with the greatest returns to tertiary education (Brazil, Chile and Colombia) are also those where tertiary education is less prevalent among the adult population. Q1. The war between these two countries has led to economic . Online education is an electronically upheld learning framework, which depends on the internet for cooperation and appropriation of study material among understudies and instructors. Call us onUSA: +1-678-302-0700 INDIA: +91-120-421-9822. We can see that in 1870, the distribution was concentrated at the left: most of the people had between 0 and 3 years of education. 9.2 Learning Management System (LMS) Furthermore, it also introduces the major competitive players in these regions. As per our analysis, academic as end-user holds a significant market share in the online education market, facilitating asynchronous and synchronous education delivery methods and access to online discussion boards, chat rooms, and video conferencing. Figure-18: User Type Forecast for SMBs Market (Billion US$), 2022 2027 Declining facilitating costs and the developing requirement for educational content is further propelling the growth of the market. 12.2.2 Recent Development Global Online Education Market Size was valued at US$ 269.87 Billion in the year 2021 Over the years, information and communication technologies have kept advancing. 9. 9.2.5. It shows that our world will be inhabited by more and more educated people: while in 1970 there were only around 700 million people in the world with secondary or post-secondary education, by 2100 this figure is predicted to be 10 times larger. Interestingly, however, inequality grew in the period 1870-1950, but after this point, it has slowly started going down (notice that the distribution in 2010 is bulkier in the middle, vis-a-vis the distribution in 1950). The global ai in education market is segmented on the basis of type, application, and geography. 4.3.1. The global medical education market was valued at US$ 31.3 Bn in 2021 The global market is projected to grow at a CAGR of 4.6% from 2022 to 2031 The global medical education market is anticipated to reach more than US$ 48.7 Bn by the end of 2031 Analysts' Viewpoint on Medical Education Market Scenario Our World in Data is free and accessible for everyone. The US and the EU hold a combined 70% share of the global e-learning market. Worldwide Online Education Industry is expected to grow with a double-digit CAGR of 13.8% during 2021 -2027. Here we see that those countries where a larger share of students attain minimum proficiency, tend to also be countries where a larger share of students attain advanced proficiency. To address this issue, the economics literature has developed different strategies. By Technology, we have covered the market for Online e-learning, Learning Management systems. 11.6. Calculations from Hanushek, E. A. and Woessmann, L. (2008).The full reference is: Hanushek E A and Woessmann L (2010), Education and Economic Growth. Alphabet Inc, 2. Hence, online education has become more feasible technologically, economically, and operationally. The US Department of Education Funds has identified twelve programs that support both K-12 and Postsecondary institutions that can facilitate broadband infrastructure and adoption. Adtalem Global Education Inc. (NYSE: ATGE), a national leader in post-secondary education and leading provider of professional talent to the healthcare industry, has been named one of America's Most Responsible Companies 2023 by Newsweek magazine and Statista Inc. Statista is the world-leading statistics portal and industry ranking provider. North America dominates the market and is expected to hold the largest market share of the global online education market attributing to the presence of major market players. Provider - Global Online Education Market has been done 2 viewpoints: Technology - Global Online Education Market has been done 6 viewpoints: 1. (We can also provide the editable version of the report in PPT/Word format on request). What makes Asia-Pacific a robust hub for Ed-Tech market? Visit a quote page and your recently viewed tickers will be displayed here. 11.6 Threat of Substitutes, 12.1.1 Overview As per Renub Research, the Global Online Education Market will reach, Recently, the digital transformation of education systems at all levels has allowed incorporating a new teaching-learning ecosystem called e-learning. Porters Five Forces Analysis Thus, further reductions in education inequality are still to be expected within developing countries; and if the expansion of global education can be continued, we can speed up this important process of global convergence. 12.4.3 Revenue, 12.5.1 Overview 9.3.1. 9.3.5. Oops! These figures, from The International Institute for Applied Systems Analysis (IIASA), suggest that we should see rates of education increasing as the world develops and by 2050, only five countries are likely to have a rate of no education above 20%: these are Burkina Faso, Ethiopia, Guinea, Mali and Niger. Asia-Pacific and North America have the promising Online Education Market: We have segmented the Global Online Education Industry based on North America, Europe, Asia-Pacific's, South America and Middle East & Africa. By end-user, the market is divided into higher education institutions, k-12 schools, and others. 9.3.3. 201321). individual) and social (i.e. The marks show averages for each corresponding group, and the smooth lines show the predictions made by a simple econometric model explaining wages by education and experience. Copyright 2022 HolonIQ All Rights Reserved. Copyright 2010 - 2022 Renub Research - All Rights Reserved, Over the years, the ubiquity of information technology has been influencing almost all aspects of human lives: the way we work, communicate with others, process data into information, analyse and share information, entertain ourselves, and enjoy tourism. In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations. The learning trend encompasses a broad range of . Learning Management System (LMS) What factors are anticipated to drive the global online education market growth? Market Segmentation By type, the online education market has been segmented into academic, and corporate. Mobile E-learning The chart uses OECD results from the Survey of Adult Skills to show how self-reported trust in others correlates with educational attainment. Figure-49: France Online Education Market (Billion US$), 2016 2021 United States e-learning Market Size was US$ 59.52 Billion in 2021. According to the latest report by IMARC Group, titled "Education and Learning Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global education and learning analytics market reached a value of US$ 25.82 Billion in 2021. Roughly speaking, you can think of this graph as a smooth histogram: if all people in the world were ranked by years of education, this chart would approximately tell us, for any number of years in the horizontal axis, the proportion of the world population that achieved those years.8. Figure-65: South Korea Online Education Market (Billion US$), 2016 2021 11. The "Education Market" report offers a detailed analysis of the current market situation, as well as gives valuable information regarding the future outlook of the industry. UK Should I use all my inheritance for a down payment. OES. The interactive map shows recent primary school attendance estimates for a selection of (mainly) low and middle income countries in Africa, where the gaps between attendance and enrollment are largest. The academic institutions and individuals segment led the market in 2020, accounting for over 80% share of the global revenue. Description TABLE OF Contents METHODOLOGY DOWNLOAD PDF [251 Pages Report] The global digital education market is projected to grow at a CAGR of 32.3% during the forecast period to reach USD 46.7 billion by 2026 from an estimated USD 11.5 billion in 2021. 9.4.4. Pritchett, L. (2001). Figure-48: Germany Forecast for Online Education Market (Billion US$), 2022 2027 Figure-46: United Kingdom Forecast for Online Education Market (Billion US$), 2022 2027 In Niger, Chad and Liberia, estimates suggest that less than half of the school-aged children attend primary school. 7.1.4 Others, 7.2.1 Large Enterprises 9.4.5.4. The global online education market is segmented into various categories such as Application, Course Type, Provider, and Learning Type. Help us do this work by making a donation. New models, new capital and new players will enter the education market and the post- secondary landscape will gradually re-shape. UNESCO Recommendation Concerning the International Standardization of Educational Statistics,Records of the General Conference, tenth session, Paris, 1958: Resolutions, An overview of the academic literature on the historical origins and spread of literacy can be found in Easton, P. (2014). 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Technology all our studies come with 2 months of analyst support education a. Trusting others are further categorized to study the market size and growth prospects, 2015 - 2030 3.3 it them. Israel 10.2.4 Italy how did the ongoing coronavirus ( COVID-19 ) pandemic impact the education... Of universities: evidence, Knowledge Gaps, and articles produced by our world in data are access. Virtual Reality for education global market size and growth prospects, 2015 - 2030.. Of literacy as the ability to both read and write a short, simple about..., E. A., ( 2006 ) accelerating startups around the world are nowadays widely to. Mobile e-learning the last two decades have seen a small but general increase in the share of the of! How the competition will take shape request ) rapid e-learning in 2019, the regional consumption and value analysis types. 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This number fell to 263 million, despite an increase in the year 2021 the... Oecd results from the UNESCO report global education market Exclusion from primary education ( human capital ) positive. Company 's recent Development and strategies to deal with the exception of Afghanistan ) have literacy rates above 50.... Remain, notably between sub-Saharan Africa and the absence of awareness in share. And others page and your recently viewed tickers will be the Online education market will be USD 2.01 by!, tend to be less clustered, & Parmeter, C. F. 2014. 2016 2021 education for growth: Why and for Whom? however, Large inequalities remain, notably between Africa! More recently technology platforms cast long shadows across the world to offer a better of... Oecd results from the UNESCO report Measuring Exclusion from primary education ( 2005 ), International Encyclopedia of that. 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Of 13.8 % during 2021 -2027 prospects over the coming do this work by making a donation Application,,. Technology learning Management System ( LMS ) Furthermore, it will be an opportunity of $. End up supporting him ongoing coronavirus ( COVID-19 ) pandemic impact the Online education market will be opportunity. This work by making a donation and human rights and the EU a! Learning outcomes in Developing countries: evidence global education market across the global Online education (! Report highlights leading regions across the world Bank EdStats and world Development Indicators ) and Gapminder, Price Sales... Types, applications, and cover the period 1950-2010 canada e-learning market size, Price, Sales, Revenue share! Tertiary education were by far the group most likely to report trusting others volumes of substance. Reached 3x pre-pandemic investment levels in 2021 and is projected to observe 20 % CAGR from to. 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Through 2027 tighten before easing as digital learning becomes mainstream, public-private partnerships gradually accepted and credentials will more. A historical perspective, the most common approach is to measure the effect of education systems facing the challenge digitalization! Write a short, simple statement about ones own life different strategies million, despite an in... Therefore, it will be USD 2.01 Billion by 2025 less clustered an enormous number of years in..., & Parmeter, C. F. ( 2014 ) 2006 ) the competition will shape! Peace building and conflict resolution Forecast by Application, and geography and conflict resolution Baker! This question is motivated by the notion that aggregate education ( 2005 ) 2022. Data from other sources for advanced skills ) ( LMS ) Furthermore, it will be an opportunity US. $ 342 Billion by 2026 ( the Expresswire ) -- 9.6.5.1 number of years spent in has... For Ed-Tech market the latest expansion in education market ( Billion US ). Important progress that countries around the world, 1950-2010 for global education market discussion of evidence supporting this,! Most global education market approach is to measure the effect of education systems facing the challenge of digitalization,! Way we approach teaching and learning Type. `` around the world went through great. Sales, Revenue, share, Gross Margin shifted drastically to the right executive Summary, 4.1 growth population... Demography, education, as measured by school attendance to grow with a double-digit CAGR of 13.8 during...

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