Digital education market expected to bring in $107.25 billion by

Dallas, Feb 21 2022 (GLOBE NEWSWIRE) — According to report published by The Brainy Insights, the global digital education market is expected to grow from USD 7.78 billion in 2020 to USD 107.25 billion by 2030, with a CAGR of 30 % over the forecast period 2021-2030.

Education is one of the most important sectors in the world that has undergone substantial transformations in recent years. Digital education is the solution to this global scourge of education. It is particularly beneficial for underdeveloped countries, which have long struggled with access and affordability issues. Digital education is defined as an innovative technique of integrating technology and digital tools into the teaching and learning process and is also known as technology-enhanced learning (TEL) or digital learning. . The term “digital education” refers to the creative use of technology to exchange ideas and reach a wider audience. Major drivers of the digital education industry include increasing internet penetration, time constraints faced by aspirants, geographic barriers to attending physical classes, and low cost of online education . Additionally, as the demand for high-quality certification increases, more and more people are turning to digital learning programs.

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Rising usage of smartphones, rise in internet penetration across the globe, engaging teaching methods, availability of global hardware and prominent aspects of educators driving the expansion of the market are all reasons major drivers of market growth. Personalized learning, effective self-directed learning skills, sharpened critical thinking skills, self-motivation and expanded learning opportunities are the fundamental qualities of digital education for students and professionals.

The major players operating in the global digital education market are Alison, Coursera, Edmodo, Edureka, edX, Federica EU, FutureLearn, Intellipaat, Iversity, Jigsaw Academy, Kadenze, Khan Academy, LinkedIn, Linkstreet Learning, Miríadax, NovoEd, Pluralsight, Udacity, Udemy and XuetangX among others. To strengthen their position in the global digital education market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations and partnerships .

• In response to COVID-19, Coursera announced an initiative in March 2020 to help universities and colleges deliver online learning. Through Coursera for Campus, the company said it will provide free access to the course catalog to all participating universities around the world. Universities can register and provide their students with access to over 3,800 courses and 400 specialties from Coursera’s leading academic and commercial partners.

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The science, technology, engineering and mathematics (STEM) segment led the market with a market share of around 66% and a market value of around 5.13 billion in 2020.

The course type segment is divided into Business Management, Science, Technology, Engineering, and Mathematics. The science, technology, engineering and mathematics (STEM) segment led the market with a market share of around 66% and a market value of around 5.13 billion in 2020. computer science, health and medicine, engineering, chemistry and physics are a few of the science and technology subjects available. Both computer science and programming are concerned with the development and testing of computer systems based on algorithms. The growing use of IoT in businesses requires the hiring of trained workers who can manage data using a variety of tools, methodologies, and programming languages. Companies have started to rely on digital education platforms to upskill their employees, which has led to an increase in the use of computer science and programming courses in recent years.

The instructor-led online education segment is expected to grow at the fastest CAGR of 32% during the forecast period.

The learning type segment is divided into an instructor-led, self-paced segment. The instructor-led online education segment is expected to grow at the fastest CAGR of 32% during the forecast period. Instructor-led online instruction involves the delivery of content to students by the instructor, who gives direct instruction to students, individually or in groups, at some point during the course. The demand for online instructor-led training is expected to increase as students become more aware of the benefits of instructor-led training.

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The academic institutions and individuals segment led the market, accounting for approximately 70% of global revenue in 2020.

The end-user segment is divided into enterprises, individuals, and academic institutions. In 2020, the academic institutions and individuals segment dominated the market, accounting for approximately 70% of global revenue.

Digital Education Market Regional Segment Analysis

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, rest of APAC)
• South America (Brazil and rest of South America)
• Middle East and Africa (UAE, South Africa, Rest of MEA)

Among all regions, North America region has emerged as the largest market in the global digital education market with a market share of around 35.8% and a market value of around 2.79 billion in 2020. North America is leading the digital education market, due to a growing need to improve employee skills and technical aspects of students, increased scalability through e-learning, growing demand distance education and government initiatives, and increased penetration of wearable devices in this region.

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About the report:

The global digital education market is analyzed on the basis of value (USD billion). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to obtain key market insights. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, Supply, Demand Analysis, Competitor Position Grid Analysis, analysis of distribution and marketing channels.

About The Brainy Insights:

The Brainy Insights is a market research company, aiming to provide businesses with actionable insights through data analytics to improve their business acumen. We have a robust forecasting and estimating model to meet customers’ high-quality production goals in a short period of time. We provide custom (customer specific) and syndicated reports. Our union reporting repository is diverse across all domain categories and subcategories. Our customized solutions are designed to meet customer needs, whether they are looking to expand or planning to launch a new product in the global market.

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