Global Online Education Market 2020-2025

May 28, 2020
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GLOBAL ONLINE EDUCATION MARKET

INTRODUCTION

Ever since the breakout in the field of internet online leaning sector has grown enormously with various platforms being emerged out of this. 

 

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Since the COVID-19 breakout the online leaning has evidently shown significant growth owing to shutdown of educational institutions worldwide. However, factors such as poor penetration of internet in developing Asian and African countries, insufficient bandwidth and no training for students restraining the growth.

MARKET SEGMENTATION

By Type of Coaching

  • Formal Education
  • Informal Education

By Mode of Learning

  • By Videos
  • By Online Live Coaching

By Subject

  • School Academics
  • Language Courses
  • Arts and Sciences
  • Business
  • Others

By Geography

  • US
  • Europe
  • China
  • India
  • ROW

MARKET DYNAMICS

Top tier universities are democratizing the learning by making the courses accessible via online. The e-learning requires 40-60% less time to learn than the traditional learning. Re-reading, learning at own pace and skipping are few factors that help to boost the market in times to come.

The current COVID-19 situation has resulted in shutting of schools in over 186 countries and has affected over 1.2 billion children across the world.

In South Korea close to 225,000 pupils were found to be not having the tech to undergo the online training from the schools and colleges.

BY TYPE OF COACHING

The informal type of coaching where the courses taken by the students through various online platforms has witnessed to be holding higher market share compared to the formal education system. The rise in more and more online platforms providing with short term courses has affected significantly to this segment.

 

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The lockdown period across the world has prompted the public to take up new courses online to keep them engaged has proven to be beneficial.

The formal teaching in a sense the academic coaching through online mode is usually hit by setbacks such as poor reach out to every student of particular classroom. The rise of platforms such as Scholar LMS and Liveboard in US, TutorRoom and Koolearn in China and Bjyu’s and Vedantu in India has helped the market grow. The current situation has propelled the growth in enormous rate. The need to continue the academics through this period will boost the market.

BY MODE OF LEARNING

The videos coaching is the leading mode of learning, the option to access anytime and anywhere makes it the go to option. The leading universities and colleges have introduced the online video coaching on their portals and this has had a positive impact on the video learning mode. The affordable prices of the video coaching courses have led to its growth.

The live coaching is the preferred option for the academic coaching. The dependency on a third party online videotelephony service provider makes the live coaching not feasible option. However, the shutdown of schools and colleges has led to the inclination towards the live coaching.

US ONLINE EDUCATION MARKET

In US about 25% of students are not privileged to afford the computer and this is a significant factor which affects the online academic learning. But the rise of online course providing platforms has kept the market moving in the region.

The below chart shows the most pursued programs in the country:

 

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EUROPE ONLINE EDUCATION MARKET

The online learning penetration is highest in the Europe region as in the countries such as Switzerland, Norway and Austria 95% of the students had access to the computer in their homes and the implementation in such regions is relatively easy. The UK e-learning sector is found to be the fastest growing in Europe. Over 1000 companies are providing the products and services.

CHINA ONLINE EDUCATION MARKET

In China the ministry of education is trying to upgrade the education infrastructure by developing a new cloud based online learning platform. Chinese government in February instructed quarter of a billion students to resume the studies online. This has led to largest online movement towards online learning.

INDIA ONLINE EDUCATION MARKET

India’s move to allow universities to offer full online degrees is attracting the various online platforms to approach the universities to provide these courses. This invites various US based online platforms to India and helping them to expand the global presence.

In India Byju’s the leader in the market has witnessed a 200% increase in number of students using the product.

MARKET SIZE AND FORECAST

The market of online learning is expected to continue to growth during the current situation and would well likely continue till the end of the year. Although the live coaching will see a dip once the schools are open, the e-learning through videos will continue to propel. The affiliation of online degrees in many more countries will boost the online learning sector.

LATEST TREND IN THE MARKET

  • Upon the restart of normal life in China the primary and secondary school students started classes in Wuhan region. Out of 900,000, about 81% students have opted for “Tencent” online classroom.
  • Chinese online learning platform Yuanfudao backed by Tencent Holdings is close to completing a fund raiser of 7.5 billion USD.
  • Cambridge University in UK has moved to a full academic year of 2020-21 to online learning.
  • In Greece government with the help of Hellenic Broadcasting Corporation is using state TV to promote homeschooling amidst lockdown.
  • Government of India has allowed top 100 universities in India to start the online degree courses from May 30th.

COMPETITIVE LANDSCAPE

Byju’s from India is world’s highest valued edtech company. Vedantu another Indian based platform is focussed on formal teaching. The various other online platforms with more than 1500-2000 courses available are Edx, Cousera, Futurelearn, Udemy and Skillshare.

COMPANY PROFILE

  1. Coursera
  2. Skillshare
  3. Udemy
  4. Edx
  5. Lynda
  6. Futurelearn
  7. Skillshare
  8. Byjus
  9. Tencent
  10. Unacademy
  11. Khan Academy
  12. Vedantu
Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2020-2025
18Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025
19Market Segmentation, Dynamics and Forecast by Application, 2020-2025
20Market Segmentation, Dynamics and Forecast by End use, 2020-2025
21Product installation rate by OEM, 2020
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2020
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix

 

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