Online education services is the availability of not just the educational material but also gives access to E-learning through video lectures or interactive live classes. The animated videos are proving more effective than the regular content and hence is having popularity. The online education assists not just the educational institutions but the interested participants can enroll in any course throughout the world. This provides ample choices to the students, flexibility in learning and a hustle free access to education. The growing support from the government is also boosting the demand for the market whereas the problems of poor connectivity and lack of access to digital platforms hinders the market growth.
Market scope and structure analysis:
|Market size available for years||2020–2027|
|Base year considered||2019|
|Forecast units||Value ($US)|
|Segments covered||Type, Application, Industry Vertical, and Region|
|Regions covered||North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil and Rest of LAMEA)|
|Companies covered||Courser, HelpHub, BrainGroom, StudySoup, CodeMonkey, Byju’s, EduKart, ClassTag, Simplilearn, BeED.|
COVID-19 Scenario Analysis:
•Upsurge in demand for online classes
The outbreak of COVID-19 has led to the shutdown of educational institutions and as such the conventional classrooms are replaced with digital medium of imparting education. This has increased the demand for online platforms to provide students with the digital access to learning.
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Availability of choice of courses
The key market players are now offering a wide range of compulsory as well as optional, chargeable as well as free courses so that no customer is left out.
•Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Education sector has seen a revolutionary change ever since the online medium of education services was made available. This not just eased the process of getting knowledge but also opened up opportunities for the market players to operate and innovate in the industry. From providing online assistance to the school education to offering courses accepted throughout the educational institutions and corporates, the market is keen to serve the consumer base and provide satisfactory utility.
•New medium of education to flourish the market
Online education services that was earlier seen as a substitute to the conventional education has now emerged as an all new medium of imparting education. With the increase in number of students in academic institutions, there prevails a need to upskill the teachers and staff and provide them with the relevant training. This simply adds up to the cost of education that is ultimately transferred to the students.
Online learning has enabled this cost reduction and enhanced efficiency in learning. Many educational institutes make specific courses compulsory to make the students understand the concepts well. Many educational service providers are opting for face to face learning and this has made the learning more participative and interactive.
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•Global recognition of online courses
Since the online courses offered are very informative, convenient, and highly competent in comparison to the offline and time taking courses offered by the institutes, these have a wider acceptability. As such most of the educational institutions approve and promote MOOC i.e. Massive Open Online Courses.In fact, many higher education institutions are making certain MOOC courses compulsory for the students to get domain specific knowledge.
The growing reliability of the customers over these courses are enabling the courses to get validation from various institutions and this is boosting the market growth.
Key Segments Covered:
Key Benefits of the Report:
- This study presents the analytical depiction of the global online education services industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report provides a detailed global online education services market analysis based on competitive intensity and how the competition will take shape in coming years.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global online education services market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global online education services market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
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