The digital education market is projected to be valued at US$ 19.8 billion in 2024 and is forecasted to rise to US$ 240.0 billion by 2034. It is estimated to develop at a CAGR of 28.3% during the forecast period.
Key Market Drivers:
Attributes | Key Statistics |
---|---|
Estimated Market Value (2024) | US$ 19.8 billion |
Forecasted Market Value (2034) | US$ 240.0 billion |
Projected Growth (2024 to 2034) | 28.3% CAGR |
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The market is anticipated to surpass a valuation of US$ 240.0 billion by 2034, with a growth rate of 28.3% CAGR. While the market is experiencing extraordinary growth, several restraining factors can adversely affect its development and expansion.
Attributes | Details |
---|---|
Learning Type | Self-paced Online Education |
Forecasted CAGR (2024 to 2034) | 28.0% |
Based on learning type, self-paced online education is forecasted to dominate the digital education market with a 28.0% CAGR. This rising popularity is attributed to:
Attributes | Details |
---|---|
Course Type | STEM (Science, Technology, Engineering, and Mathematics) |
Forecasted CAGR (2024 to 2034) | 27.8% |
Based on its course type, STEM (Science, Technology, Engineering, and Mathematics) is projected to dominate the digital education market with a 27.8% CAGR. This rising popularity is attributed to:
The section analyzes the digital education market by country, including the United States, the United Kingdom, China, Japan, and South Korea. The table presents the projected CAGR for each country, indicating the expected market growth in those countries through 2034.
Countries | Forecasted CAGR (2024 to 2034) |
---|---|
The United States | 28.6% |
The United Kingdom | 28.9% |
China | 29.1% |
Japan | 29.5% |
South Korea | 30.3% |
South Korea is the leading Asian country in the digital education industry. The South Korean digital education market is expected to grow at a 30.3% CAGR until 2034.
Japan is another Asian country leading in the digital education industry. The market in Japan is anticipated to register a CAGR of 29.5% through 2034.
The United States dominates the digital education market in North America. It is expected to exhibit a compound annual growth rate of 28.6% until 2034.
The United Kingdom is the leading European country when it comes to the digital education market. The market here is predicted to register a CAGR of 28.9% between 2024 and 2034.
China is another Asian country leading in the digital education market. The market in China is anticipated to register a CAGR of 29.1% through 2034.
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As far as the digital education market is concerned, staying competitive requires a multifaceted approach. Key tech companies like Google, Microsoft, and Zoom have shifted their focus toward developing and expanding their EdTech platforms. These companies have introduced virtual classrooms, collaboration tools, and interactive content creation features to provide educators and students with more engaging and effective learning experiences.
Google Classroom, developed by Google, is a free web-based learning platform that helps teachers and students collaborate online. Microsoft Teams for Education, offered by Microsoft, is a communication app that helps teachers and students collaborate and learn. It's free for teachers and students of all grades with a valid email address.
Tech giants have formed partnerships with educational institutions to promote the adoption of digital tools, and companies like Amazon have entered the education sector with cloud-based solutions. Integrating innovative technologies like artificial intelligence and augmented reality into educational platforms further highlights these key players' commitment to revolutionizing digital education.
Recent Developments:
The market is estimated to be worth US$ 19.8 billion in 2024.
The market is expected to reach US$ 240.0 billion by 2034.
The market is likely to register a CAGR of 28.3% from 2024 to 2034.
Some key players in the market are XuetangX, eDX, LLC, Byjus, Pluralsight LLC, iversity Learning Solutions GmbH, Alison, etc.
Science, Technology, Engineering, and Mathematics (STEM) is the top course type, with a 27.8% CAGR annual growth rate.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Learning Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Learning Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Learning Type, 2024 to 2034
5.3.1. Self-paced Online Education
5.3.2. Instructor-led Online Education
5.4. Y-o-Y Growth Trend Analysis By Learning Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Learning Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Course Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Course Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Course Type, 2024 to 2034
6.3.1. Science, Technology, Engineering, and Mathematics (STEM)
6.3.2. Business Management
6.3.3. Others
6.4. Y-o-Y Growth Trend Analysis By Course Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Course Type, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-user
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By End-user, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-user, 2024 to 2034
7.3.1. Academic Institutions & Individuals
7.3.2. Enterprises
7.4. Y-o-Y Growth Trend Analysis By End-user, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By End-user, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Learning Type
9.2.3. By Course Type
9.2.4. By End-user
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Learning Type
9.3.3. By Course Type
9.3.4. By End-user
9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Learning Type
10.2.3. By Course Type
10.2.4. By End-user
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Learning Type
10.3.3. By Course Type
10.3.4. By End-user
10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Learning Type
11.2.3. By Course Type
11.2.4. By End-user
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Learning Type
11.3.3. By Course Type
11.3.4. By End-user
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Learning Type
12.2.3. By Course Type
12.2.4. By End-user
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Learning Type
12.3.3. By Course Type
12.3.4. By End-user
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Learning Type
13.2.3. By Course Type
13.2.4. By End-user
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Learning Type
13.3.3. By Course Type
13.3.4. By End-user
13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Learning Type
14.2.3. By Course Type
14.2.4. By End-user
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Learning Type
14.3.3. By Course Type
14.3.4. By End-user
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Learning Type
15.2.3. By Course Type
15.2.4. By End-user
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Learning Type
15.3.3. By Course Type
15.3.4. By End-user
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2023
16.1.2.1. By Learning Type
16.1.2.2. By Course Type
16.1.2.3. By End-user
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2023
16.2.2.1. By Learning Type
16.2.2.2. By Course Type
16.2.2.3. By End-user
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2023
16.3.2.1. By Learning Type
16.3.2.2. By Course Type
16.3.2.3. By End-user
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2023
16.4.2.1. By Learning Type
16.4.2.2. By Course Type
16.4.2.3. By End-user
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2023
16.5.2.1. By Learning Type
16.5.2.2. By Course Type
16.5.2.3. By End-user
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2023
16.6.2.1. By Learning Type
16.6.2.2. By Course Type
16.6.2.3. By End-user
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2023
16.7.2.1. By Learning Type
16.7.2.2. By Course Type
16.7.2.3. By End-user
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2023
16.8.2.1. By Learning Type
16.8.2.2. By Course Type
16.8.2.3. By End-user
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2023
16.9.2.1. By Learning Type
16.9.2.2. By Course Type
16.9.2.3. By End-user
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2023
16.10.2.1. By Learning Type
16.10.2.2. By Course Type
16.10.2.3. By End-user
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2023
16.11.2.1. By Learning Type
16.11.2.2. By Course Type
16.11.2.3. By End-user
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2023
16.12.2.1. By Learning Type
16.12.2.2. By Course Type
16.12.2.3. By End-user
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2023
16.13.2.1. By Learning Type
16.13.2.2. By Course Type
16.13.2.3. By End-user
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2023
16.14.2.1. By Learning Type
16.14.2.2. By Course Type
16.14.2.3. By End-user
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2023
16.15.2.1. By Learning Type
16.15.2.2. By Course Type
16.15.2.3. By End-user
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2023
16.16.2.1. By Learning Type
16.16.2.2. By Course Type
16.16.2.3. By End-user
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2023
16.17.2.1. By Learning Type
16.17.2.2. By Course Type
16.17.2.3. By End-user
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2023
16.18.2.1. By Learning Type
16.18.2.2. By Course Type
16.18.2.3. By End-user
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2023
16.19.2.1. By Learning Type
16.19.2.2. By Course Type
16.19.2.3. By End-user
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2023
16.20.2.1. By Learning Type
16.20.2.2. By Course Type
16.20.2.3. By End-user
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2023
16.21.2.1. By Learning Type
16.21.2.2. By Course Type
16.21.2.3. By End-user
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2023
16.22.2.1. By Learning Type
16.22.2.2. By Course Type
16.22.2.3. By End-user
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2023
16.23.2.1. By Learning Type
16.23.2.2. By Course Type
16.23.2.3. By End-user
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Learning Type
17.3.3. By Course Type
17.3.4. By End-user
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. XuetangX
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. eDX, LLC
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. byjus
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Pluralsight LLC
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. iversity learning solutions GmbH
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Alison
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Udemy Inc
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Brain4ce Education Solutions Pvt. Ltd
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. Coursera, Inc
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Jigsaw Academy Education Pvt. Ltd
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.11. LinkedIn Corporation
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.12. MiriadaX
18.1.12.1. Overview
18.1.12.2. Product Portfolio
18.1.12.3. Profitability by Market Segments
18.1.12.4. Sales Footprint
18.1.12.5. Strategy Overview
18.1.12.5.1. Marketing Strategy
18.1.13. Intellipaat Software Solutions Pvt. Ltd
18.1.13.1. Overview
18.1.13.2. Product Portfolio
18.1.13.3. Profitability by Market Segments
18.1.13.4. Sales Footprint
18.1.13.5. Strategy Overview
18.1.13.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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