A global education market research by Market Study Report investigates the current scenario of the education industry and gives great insights into the global market trends, size, share, growth, demand, active companies, etc. and also presents a forecast of what to expect in the coming years. In 2019, the global Digital Education Market was valued at approximately USD 3.20 billion, and the report suggests the growth of more than 22.7% between 2020-2027.
The emergence of digital education at a global scale
The coronavirus pandemic made it mandatory for all the educational institutes around the major countries to use digital tools and technologies for conducting their classes. Regular curriculum slipped into online activities, and digital learning became instrumental in training to continue the education in these challenging times. This period also saw major growth in the global internet users, as per the statistics mentioned in the report. According to We Are Social Organization, there were 4.39 billion internet users around the world in 2019 that grew 9% from 2018, which had recorded 366 million worldwide users. Such a massive increase in the usage of Internet and mobile phones has facilitated students to study digitally and supplement the growth of the market during the forecast period of 2020-2027.
An overview of the report
The report has tried to answer some of the most critical questions that will shape the digital education market and help us understand what the future can look like. Market analysis of companies that provide premium digital education like, edX, Coursera, Iversity, Udacity Inc., LinkedIn Corporation, FutureLearn, NovoEd, Pluralsight Inc., Udemy Inc., and XuetangX are also included. From industry evolution to market challenges, the report encompasses all possibilities and current happenings in the digital education market, summing it all up in four comprehensive chapters.
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The Policy Times on Digital Education
- While the coronavirus has brought down several markets, digital education and digital platforms as a whole have emerged to be a dominant factor in the global market.
- As the digital education market grows exponentially, investors and advertisers looking for a shift have an opportunity here, considering the market trends as well.
- There needs to be effort put into making the digital facilities more affordable by all sections of the society, for major growth in its usability and audience, especially in a country with a growing economy like India.