High cost of conventional education fuels the growth of the Global Online Education market at a CAGR of 20.6 % during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Online Education Market”.

The Online Education market is estimated to register a CAGR of 20.6 % during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the Global Online Education market— LinkedIn Corporation (Lynda.com), Coursera , Pearson , McGraw Hill , MPS Interactive Systems Limited , Udacity, Inc , edX Inc.(2u), BLACKBOARD INC, Udemy Inc., APTARA INC , BYJU'S , Stride, Inc (K12), ADOBE , PowerSchool among others.

Market Highlights

The Global Online Education market is accounted for to register a CAGR of 20.6 % during the forecast period and is estimated to reach USD 3,13,302.1 million sby 2032.

Conventional education refers to traditional classroom-based learning where students attend in-person classes, interact face-to-face with instructors and classmates, and receive instruction through lectures, discussions, and other classroom activities. This type of education has been the dominant mode of education for centuries and is still the primary form of education in many parts of the world. Conventional education can be expensive, as it typically involves significant infrastructure costs such as buildings, utilities, and maintenance. In addition, conventional education often requires students to live on or near campus, which can add to the overall cost of education. The high cost of conventional education is one of the factors driving the growth of the online education market.

Online education is often more affordable than conventional education, as it eliminates many of the costs associated with in-person education, such as infrastructure costs and campus living expenses. This makes online education an attractive option for students who are looking for a more affordable alternative to traditional education. In addition, online education allows students to learn at their own pace, which can be more convenient for those who are working or have family responsibilities. Online education also provides access to a wider range of educational programs and courses, which may not be available through conventional education institutions. For most students, e-learning is a cost-effective method of learning because they can choose from a wide range of courses and tailor their selection to their specific needs. It can also save money for many universities because once the learning platforms are set up, they can be reused for multiple sessions.

Access full report @ https://www.marketresearchfuture.com/reports/online-education-market-3957

Segment Analysis

The Global Online Education market has been segmented based on Component, Deployment, Product, Learning type and End User.

Based on Component , the Global Online Education Market has segmented into Educational tablets  and software. Software held the largest market share in 2022. Software includes learning management systems (LMS), video conferencing software, e-learning platforms, and educational apps. Educational software is designed to facilitate learning and teaching remotely, and may include features such as interactive quizzes, multimedia content, and gamification elements to enhance the learning experience. Educational tablets provide sensitive touch mechanism and displaying properties to view for all types of learning content such as digital books, play way apps, educational videos, practice tests, among others.

Based on Deployment, the Global Online Education Market has segmented into Cloud and On-premises. Cloud held a significant market share in the year 2022. Cloud deployment refers to the delivery of online education solutions over the internet through cloud-based software platforms. In this deployment model, the software and data are hosted on remote servers and accessed by learners and educators through web browsers or mobile apps. On-premises deployment refers to the installation and management of online education solutions on local servers within an organization's own infrastructure.

Based on product, the Global Online Education Market is segmented into Elective and courses. Elective segment is further sub segmented into Technical and Non-technical. Courses are further subdivided into Primary & Secondary Education ,Test Preparation ,Online Certification, Casual Learning and Others. Courses held a significant market share in 2022.

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The North America  Online Education market accounted for ~38.6 % in 2022. North America accounted for the largest market share for the online education market. North America provides insights into US, Canada and Mexico. The higher penetration of technology across the region and the presence of large multinational and domestic companies have propelled the adoption of online education platforms in the region. This is due to the presence of various companies.

The European market is sub-segmented into the UK, Germany, France, and the rest of Europe. The European online education market is expected to grow due to the adoption of online education solutions by professionals. The adoption of cloud computing enables enterprises to scale up and scale down their businesses more conveniently. Thus, online education is becoming a more useful and cost-effective solution for higher education, industry, and professionals.

South America accounts for a significant share of the online education market. The presence of countries such as Brazil, Peru, Chile, and Argentina are exhibiting a rise in content digitization. Many businesses are adopting the cloud platform as it increases cost-saving and offers high returns on investment, which boosts the regional market's growth.

Key Findings of the Study

• The Global Online Education market is expected to reach USD 3,13,302.1  million by 2032, at a CAGR of 20.6 % during the forecast period.


• The North American region accounted for the fastest-growing global market.


• LinkedIn Corporation (Lynda.com), Coursera , Pearson , McGraw Hill , MPS Interactive Systems Limited , Udacity, Inc , edX Inc.(2u), BLACKBOARD INC , Udemy Inc., APTARA INC , BYJU'S , Stride, Inc (K12), ADOBE , PowerSchool among others are the key market players.


• Based on Component , the Software segment was attributed to holding the largest market in 2022, with an approximate market share of 90.3%.