PUBLISHER: The Business Research Company | PRODUCT CODE: 1499828
PUBLISHER: The Business Research Company | PRODUCT CODE: 1499828
Digital education encompasses the use of digital tools, technologies, and resources to facilitate teaching and learning processes. It employs computers, the Internet, software applications, and multimedia to deliver educational content, engage learners, and improve educational experiences. The goal of digital education is to make learning more accessible, interactive, and tailored to individual needs.
The primary types of digital education courses include science and technology courses, entrepreneurship and business management courses, and others. Science and technology courses focus on understanding natural phenomena, engineering principles, and technological innovations to advance knowledge in various fields. Different modes of learning, such as self-paced online education and instructor-led online education, cater to various end users including individual learners, academic institutions, enterprises, government organizations, and others.
The digital education research report is one of a series of new reports from The Business Research Company that provides digital education market statistics, including the digital education industry's global market size, regional shares, competitors with a digital education market share, detailed digital education market segments, market trends, and opportunities, and any further data you may need to thrive in the digital education industry. This digital education market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The digital education market size has grown exponentially in recent years. It will grow from $21.42 billion in 2023 to $28.48 billion in 2024 at a compound annual growth rate (CAGR) of 32.9%. The growth observed during the historic period can be attributed to several factors including the expansion of internet penetration, increased adoption of smartphones and tablets, government initiatives promoting digital learning, widespread availability of internet-enabled digital devices, and a growing demand for personalized learning experiences.
The digital education market size is expected to see exponential growth in the next few years. It will grow to $89.80 billion in 2028 at a compound annual growth rate (CAGR) of 33.3%. The projected growth in the forecast period can be attributed to several factors including an increased focus on enhancing learning engagement, the proliferation of mobile learning platforms, escalating costs associated with traditional education methods, the continued expansion of online learning opportunities, a growing demand for lifelong learning initiatives, and the increasing popularity of microlearning approaches. Key trends anticipated in the forecast period encompass the integration of AI-powered tutoring and mentoring systems, the development of content curation and aggregation tools, the emergence of social learning platforms facilitating collaborative learning experiences, the implementation of interactive content to enhance engagement, the utilization of gamification techniques to promote active learning, and ongoing innovations in educational technology aimed at improving learning outcomes.
The increasing internet penetration rate is poised to drive the expansion of the digital education market in the coming years. Internet penetration refers to the proportion of the population within a specific area or demographic group that has access to the Internet. This growth in internet penetration is fueled by several factors, including the affordability of Internet access, the development of infrastructure, advancements in technology such as mobile devices, government initiatives promoting connectivity, and the growing demand for online services and information. Higher rates of internet penetration directly impact the accessibility and efficacy of online learning resources and platforms. With more individuals able to access educational materials, participate in online courses, and engage in virtual classrooms, the digital education market experiences a significant boost. For example, data from the International Telecommunication Union (ITU) in October 2023 indicates that 67% of the world's population is now using the Internet, showcasing a steady increase in growth rates from 3.5% between 2021 and 2022 to 4.7% since 2022. As a result, the growing internet penetration is a key driver propelling the growth of the digital education market.
Leading companies in the digital education market are directing their efforts towards developing innovative solutions, such as advanced learning apps, to enrich accessibility, flexibility, and interactivity in the learning journey. These advanced learning apps go beyond basic content delivery, incorporating sophisticated tools, technologies, and methodologies to enhance educational outcomes and cater to diverse learning needs. For instance, in January 2023, Creative Galileo, an India-based ed-tech startup, introduced the Toondemy educational learning app tailored for children aged 3-10 years. This app provides learning experiences aligned with CBSE (Central Board of Secondary Education), NEP (National Education Policy), and NCERT (National Council of Educational Research and Training) syllabi. Toondemy offers comprehensive educational journeys focusing on foundational concepts, cognitive abilities, phonics knowledge, and critical skills through animated videos and interactive games featuring popular Indian and international kids' characters.
In March 2023, LEAD, an India-based education technology company, acquired Pearson India's local K-12 learning business from Pearson, a UK-based provider of digital learning solutions. This strategic acquisition positions LEAD to offer integrated technology solutions to over 60,000 schools nationwide by 2026, leveraging Pearson's expertise in digital content, assessment, and services. This move reflects LEAD's commitment to enhancing digital education offerings and expanding its reach in the education technology sector.
Major companies operating in the digital education market are International Business Machines Corporation, Adobe Inc., Pearson Education, Graham Holdings Co., New Oriental Education and Technology Group Inc., McGraw-Hill Education Inc., Aptara Inc., Cengage Learning Holdings II Inc., TAL Education Group, 2U Inc., Udemy Inc., Skillsoft Corp., Coursera Inc., Think & Learn Pvt. Ltd., Duolingo Inc., Saba Software, D2L Inc., Vedantu Innovations Pvt. Ltd., Udacity Inc., Edutech, Articulate Global Inc., MPS Limited, City and Guilds Group, Discovery Education Inc, Totara Learning Solutions Ltd., Allen Interactions Inc., Trivantis Corporation, Echo360 Inc., N2N Services Inc., Educomp Solutions Ltd.
North America was the largest region in the digital education market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the digital education market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The digital education market includes revenues earned by entities by provide services such as online courses, e-learning platforms, virtual classrooms, assessment tools, workshops, and training materials for educators. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Digital Education Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on digital education market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for digital education? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The digital education market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.