Digital Education Market

Digital Education Market to surpass USD 155.82 billion by 2031 from USD 11.49 billion in 2021 at a CAGR of 29.79% in the coming years, i.e., 2021-31. Product Overview Digital Education is a creative process of learning and teaching using digital technology and resources. This segment of learning is sometimes denoted as e-Learning or Technologically Enhanced Learning (TEL). To provide learning, different immersive and hybrid methods are used. It offers face-to-face experiences with online events, as well as flipped classes in which online activities are explored and concluded using outside realistic situations for in-depth study. Digital education enables students to study at their speed and from anywhere that is suitable for them. Market Highlights Global Digital Education market is expected to project a notable CAGR of 29.79% in 2031. Main factors expected to fuel the growth of the digital education market include amplified internet penetration around the world, reduced infrastructure cost, increased scalability using online learning, and growing demand for microlearning. Technical advancements such as virtual classrooms show significant opportunities in near future for the companies that are currently offering online learning services. Global Digital Education: Segments Instructor-led Online Education segment to grow with the highest CAGR during 2021-31 Global Digital Education market is classified on the basis of Learning Type into Self-paced and Instructor-led Online Education. Instructor-led Online Education segment dominates the market share globally. Instructor-led online education includes the delivery of content by the instructor to the student, where at some point throughout the course instructor directly gives instructions to the students either individually or in the group. For this study, all the courses that involve some form of the instructor-led component are considered under this segment. Many students prefer instructor-led online education, particularly for skill-based courses. Computer science segment to grow with the highest CAGR during 2021-31 Based on application, the global Digital Education Market is fragmented into computer science, health and medicine, engineering, chemistry, and physics. Computer science and programming deal with the research, experimentation, and engineering of computational systems comprising algorithms. The growing adoption of IoT in several enterprises demands skilled workforce to grip the data through a variety of tools, techniques, and computer languages. Corporations have started relying on digital education platforms to upskill their workforce. Market Dynamics Drivers Way for micro learning Digital education paved the path for micro learning. Micro learning refers to e-learning in small segments with just a sufficient amount of data to help individuals achieve their goals. For instance, micro learning content comprises of images, text, videos, audio, text, and games. Administrations are accepting micro learning due to factors such as fast deployment, cost-effectiveness, and updated easily. Restraint Lack of social interaction Challenges related with digital education include shortage of social interaction, limited access to the internet, cheating is inevitable, self-motivation and proper time management skills, and emphases primarily on theory. Students waste most of their time listening to podcasts, watching at slide presentations, and watching videos. This generates a lack of opportunity for educators to conduct experiments. Global Digital Education: Key Players Khan Academy (US) Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis Coursera (US) edX (US) Pluralsight (US) Edureka (India) Alison (Ireland) Udacity (US) Udemy (US) Miríadax (Spain) Jigsaw Academy (India) iversity (Germany) Intellipaat (India) Edmodo (US) FutureLearn (UK) LinkedIn (US) NovoEd (US) XuetangX (China) Federica EU (Italy) Linkstreet Learning (India) Khan Academy (US) Kadenze (Spain) Other Prominent Players Global Digital Education: Regions Global Digital Education market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America dominates the Digital Education market. The major growth drivers for this area are the collaboration between the government and network grounds and the institutional partnerships between digital education vendors and research specialists. Additionally, the need to improve the skillsets of the employees and the technicalities among students in the area are applying the universities and educational organizations to deploy digital education platforms and services. Global Digital Education is further segmented by region into: North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA Global Digital Education report also contains analysis on: Digital Education Segments: By Learning Type Self-paced Instructor-led Online Education By Course Type computer science health and medicine engineering chemistry physics others Digital Education Dynamics Digital Education Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies Involved in the Market Value Chain of the Market Market Drivers and Restraints