Digital Education is the invention process of teaching and learning by the means of digital tools and technologies. Presently, digital education is gaining ground as it uses various interactive and blended approaches such as flipped classrooms, where the online activities are concluded and discussed using an outside practical scenario for depth analysis and face-to-face interaction with online activities. Also, digital learning is instrumental training that ultimately helps students as it makes use of the broad range of technology-enhanced educational strategies. It includes flipped learning, blended learning, personalized learning, and other strategies that rely on digital tools. The growth of the segment is attributed owing to the increased internet penetration and increased adoption of microlearning. As per the Weare Social Organization in 2019, there are 4.39 billion internet users globally which increased from 366 million i.e. 9% of the previous year 2018. Also, as per the PagBrasil in 2019, more than 10 million people now have access to the internet, exhibiting a growth of 7.2 % in comparison to 2018. Thus, with the high usage of the internet and mobile, and connected devices, the need for digital education solutions among the students is observed which would supplement the growth of the market during the forecast period of 2020-2027. Additionally, with the rapid spread of COVID-19 across the globe, various economies announced lockdown due to which students are opting for digital & online mediums for taking lectures. Also, technological innovation and advancement adopted in the education sector and the rising adoption of digital learning platforms across the globe is expected to drive the growth of the market over the forecast years. However, the lack of face-to-face interaction and direct monitoring is hampering the growth of this market. Further, the key players are focusing on strategies such as product launch, innovation, and merger & acquisition to sustain themselves amidst fierce competition.
The global Digital Education Market is valued at approximately USD 3.20 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 22.7 % over the forecast period 2020-2027 and is estimated to reach USD 16.40 billion by 2027.
The regional analysis of the global Digital Education market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region due to the highest adoption rates of digital education platforms and services. Also, the large-scale investments in outsourced digital education services by universities in North America are expected to create a positive outlook for the growth of the region. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027.
Major market players included in this report are Pluralsight Inc, Coursera, edX, Iversity, Udacity Inc, LinkedIn, FutureLearn, NovoEd, Udemy Inc, and XuetangX.
The detailed segments and sub-segment of the market are explained below:
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
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