Global Digital Education Market Overview:
According to SPER Market Research, the Global Digital Education Market is estimated to reach USD 254.98 billion by 2032 with a CAGR of 32.54%.
Modern technology and digital technologies are creatively incorporated into education in order to advance teaching and learning. It is often referred to as e-learning, digital learning, or technology enhanced learning (TEL). The future of education through technology and digital gadgets lies in digital education. The advantages of digital education for pupils include specialised course learning at a lower cost. Additionally, since it improves employees' performance, digital education has become a crucial component of the majority of firms. Increased smartphone and internet usage, as well as increased acceptance of cutting-edge technology in digital education, all have a beneficial impact on the market's expansion. Additionally, the increased usage of AI and machine learning in digital education is boosting the market's expansion internationally. The market's expansion is, however, constrained by issues including the absence of social contacts in digital education and the high implementation costs.
On the other hand, throughout the projection period, it is anticipated that the advent of a number of trends, including microlearning, gamification, adaptive learning, and mobile learning, would provide lucrative chances for the market's growth. The market is anticipated to develop as a result of the rapid use of cloud-based and mobile-based education apps. Additionally, the government's emphasis on bolstering digital infrastructure, especially establishing internet connectivity in remote places, has profoundly influenced digital education. Due to the digital revolution of the education industry and the quick uptake of digital learning across a variety of industries, it is also anticipated that the market for digital education would see increased adoption in the years to come.
Impact of COVID-19 on the Global Digital Education Market
Every firm and the digital education sector have changed their business operations to a remote work environment as a result of the COVID-19 impact. People were also compelled to stay inside due to severe regulations enforced by the government. Global adoption of digital education was a result of this. The digital education market benefited from the COVID-19. Additionally, the COVID-19 outbreak changed the educational sector's working model by emphasizing online working modes, which opened up a profitable market for digital education. The U.S., Italy, China, and other industrialized nations were among the first to implement online education programs and teaching techniques once the pandemic broke out, raising the potential for investment in the educational technology market. Therefore, the COVID-19 outbreak revolutionized the educational sector's working model by prioritizing online working modes, which opened up a profitable market for digital education.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Course Type, By Learning Type, By End User |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Alison, BYJU’S, Coursera, CreativeLive, CXL, DataCamp, Edmodo, Edureka, edX, Federica Web Learning, GO1, Intellipaat, Iversity, Jigsaw Academy, Kadenze.
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Global Digital Education Market Segmentation:
By Course Type: Based on the Course Type, Global Digital Education Market is segmented as; Science, Technology, Engineering, and Mathematics (STEM), Business Management, Others.
By Learning Type: Based on the Learning Type, Global Digital Education Market is segmented as; Self-paced Online Education, Instructor-led Online Education.
By End User: Based on the End User, Global Digital Education Market is segmented as; Academic Institutions & Individuals, Enterprises.
By Region: North America held the regional lead in the digital education market in last year and is anticipated to keep it during the projection period as a result of the availability of high-speed internet and the rollout of the 5G network. Additionally, by integrating AR and VR technologies, which need a fast internet connection to function, 5G network enables service providers to enhance learning. However, due to the increasing internet penetration and acceptance of digital education by several institutes throughout the area, Asia-Pacific is predicted to have considerable growth during the projection period.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Digital Education Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Global Digital Education Market, By Course Type, 2019-2032 (USD Million)
6.1 Science, Technology, Engineering, and Mathematics (STEM)
6.2 Business Management
6.3 Others
7. Global Digital Education Market, By Learning Type, 2019-2032 (USD Million)
7.1 Self-paced Online Education
7.2 Instructor-led Online Education
8. Global Digital Education Market, By End User, 2019-2032 (USD Million)
8.1 Academic Institutions & Individuals
8.2 Enterprises
9. Global Digital Education Market, By Region, 2019-2032 (USD Million)
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Mexico
9.2 Europe
9.2.1 Germany
9.2.2 United Kingdom
9.2.3 France
9.2.4 Italy
9.2.5 Spain
9.2.6 Rest of Europe
9.3 Asia-Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Australia
9.3.5 South Korea
9.3.6 Rest of Asia-Pacific
9.4 South America
9.4.1 Brazil
9.4.2 Argentina
9.4.3 Rest of South America
9.5 Middle East & Africa
9.5.1 Kingdom of Saudi Arabia
9.5.2 United Arab Emirates
9.5.3 Rest of Middle East & Africa
10. Company Profiles
10.1 Alison
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product summary
10.1.4 Recent developments
10.2 BYJU’S
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 Coursera
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 CreativeLive
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 CXL
10.5.1 Company details
10.5.2 Financial outlook
10.5.3 Product summary
10.5.4 Recent developments
10.6 DataCamp
10.6.1 Company details
10.6.2 Financial outlook
10.6.3 Product summary
10.6.4 Recent developments
10.7 Edmodo
10.7.1 Company details
10.7.2 Financial outlook
10.7.3 Product summary
10.7.4 Recent developments
10.8 Edureka
10.8.1 Company details
10.8.2 Financial outlook
10.8.3 Product summary
10.8.4 Recent developments
10.9 edX10.9.1 Company details
10.9.2 Financial outlook
10.9.3 Product summary 10.9.4 Recent developments
10.10 Federica Web Learning
10.10.1 Company details
10.10.2 Financial outlook
10.10.3 Product summary
10.10.4 Recent developments
10.11 GO1
10.11.1 Company details
10.11.2 Financial outlook
10.11.3 Product summary
10.11.4 Recent developments
10.12 Intellipaat
10.12.1 Company details
10.12.2 Financial outlook
10.12.3 Product summary
10.12.4 Recent developments
10.13 Iversity
10.13.1 Company details
10.13.2 Financial outlook
10.13.3 Product summary
10.13.4 Recent developments
10.14 Jigsaw Academy
10.14.1 Company details
10.14.2 Financial outlook
10.14.3 Product summary
10.14.4 Recent developments
10.15 Kadenze
10.15.1 Company details
10.15.2 Financial outlook
10.15.3 Product summary
10.15.4 Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
