Digital Education Trends | Growing at a CAGR of +9%
Digital Education Statistics and Market Trends
· The massive open online course (MOOC) market could be worth $25.33 billion by 2025. (Source: Globe News Wire)
· The US e-learning market could grow by $12.81 billion between 2020 and 2024. (Source: Market Research)
· The corporate e-learning market could increase by $38.09 billion between 2020 and 2024. (Source: Business Wire)
· The worldwide e-learning market is projected to be worth $325 Billion in 2025. (Source: Forbes)
· IBM saved approximately $200 million after switching to e-learning. (Source: SH!FT)
· A study by the Open University found that producing and providing e-learning courses consumes 90% less energy and produces 85% fewer CO2 emissions per person than face-to-face training. (Source: SH!FT)
· 41% of US teachers stated the lack of training was the biggest barrier to increasing the use of educational tech in their classrooms. (Source: Statista)
What is Digital Education?
Global Digital Education market is valued at USD 172.35 Billion in 2018and expected to reach USD 319.75 Billion by 2025 with the CAGR of 9.23% over the forecast period.
Proliferations of connected devices in the education sector and adoption of eLearning solutions are some of the factors which are driving the growth of Digital Education Market
Digital education is the innovative use of digital tools and technologies during teaching and learning and is usually mentioned as technology enhanced learning (TEL) or e-Learning. The use of digital technologies gives educators the opportunity to design engaging learning opportunities in the courses they teach, and can take the form of blended or fully online courses and programmes. Digital learning is extending learning opportunities so one can leverage the actual fact that learning happens repeatedly and in many places and digital learning will enable this diverse learning opportunity. Digital learning is an instructional training that ultimately helps students. It makes use of a broad range of technology-enhanced educational strategies. It includes blended learning, flipped learning, personalized learning, and other strategies that rely on digital tools to little or large degree.
Digital Education Companies
Coursera (US), edX (US), Pluralsight (US), Edureka (India), Alison (Ireland), Udacity (US), Udemy (US), Miríadax (Spain), Jigsaw Academy (India), iversity (Germany), Intellipaat (India), Edmodo (US), FutureLearn (UK), LinkedIn (US), NovoEd (US), XuetangX (China), Federica EU (Italy), Linkstreet Learning (India), Khan Academy (US), Kadenze (Spain), others
Global digital education market report is segmented on the basis of component, learning types, end user and regional& country level. Based upon component digital education market is classified as hardware, software and services. Software is subdivided into interactive displays and interactive projectors. Hardware is subdivided into integrated solution and standalone solution. And also services are subdivided into consulting, implementation and support and maintenance. Based upon learning types digital education market is classified into synchronous learning and asynchronous learning. Based upon end users digital education market is classified into academic and enterprise.
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The regions covered in this Global digital education market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of digital education is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Digital Education market Segmentation –
By component:-Hardware (Interactive Displays, Interactive Projectors), Software (Integrated Solution, Standalone Solution), Services (Consulting, Implementation, Support and Maintenance)
By learning types:- Synchronous Learning, Asynchronous Learning
By end users:- Academic, Enterprise
Proliferations of connected devices in the education sector and adoption of eLearning solutions are some of the factors which are driving the growth of Digital Education Market
Proliferations of connected devices in the education sector and adoption of eLearning solutions are some of the factors which are driving the growth of Digital Education Market. Online communication is type of teaching one individual (instructor) takes a lead role in the learning process by giving instructions to other learners. In 2017, 27 billion devices were connected using IoT. This number is expected to increase to 125 billion by just 2030, which will put about 15 connected devices into the hands of every consumer. The USD170 billion IoT market is expected to grow to USD561 billion by 2022. Several corporate organizations follow the synchronous learning training process to train their employees, wherein experienced employees usually take the role of the instructor, while comparatively less experienced employees take the role of a learner. For example, Teksun has developed an eLearning portal that provides a personalized, convenient and affordable training course for working professionals and students. It also assists its company to decrease cost with license fee on the off the shelf courses. Their eLearning a solution make modifies simply to suit changing business objectives. However, challenges with increased availability of open educational resources, might hamper market growth. Technological advancements such as virtual classrooms represent significant opportunity in near future for the companies that are currently offering online learning services.
North America is dominating the Digital Education Market
North America is expected to dominate the growth of Digital Education Market, due to increasing penetration of internet. Household subscriptions to television distribution services Footnote continued their gradual decline, with about three-quarters of households subscribing, while the percentage of households with Internet service increased slightly to 89.0%. Canadian households spent an average of USD233.00 per month on their communications services, an increase of USD10.17 (4.6%) from 2016. In comparison, the average annual inflation rate in Canada was 1.6% in 2017, according to Statistics Canada. Canadian households spent more per month on mobile USD 101.00 than on Internet services USD54.17, television distribution USD 52.58 and landline services USD 25.25. High usage of smartphones and focus of academic sector to digitize learning process in developed countries such as the U.S. and Canada is supporting the growth of North America Online Education market. Europe is expected to dominate the growth of Digital Education market, due to growing use of Artificial Intelligence (AI) and Machine Learning (ML) in smart learning.
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