Digital Education Market Dynamics 2021-2031
The digital education market size is projected to reach US$ 118.13 billion by 2031 from US$ 18.48 billion in 2023. The market is expected to register a CAGR of 26.10% in 2023–2031. Investment in education technology and increasing demand for digital learning are likely to fuel market growth.
Digital Education Market Analysis
In order to thrive in the future professional environment, individuals must possess the appropriate digital skills. Whether in educational institutions, on college campuses, or the workplace, the increasing digital transformation is emphasizing the significance of IT skills on a daily basis. The rise of digital media is enhancing digital learning. The company can successfully navigate digitalization and capitalize on its opportunities, but it adopts a thorough strategy.
Digital Education Market Overview
The innovative application of technologies and digital tools in teaching and learning is described to as digital education, also known as technology-enhanced learning (TEL) or e-learning. Educators can create interactive learning experiences in their courses through the use of digital technologies, which can be either fully online or a mix of online and in-person components.
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Digital Education Market: Strategic Insights
Market Size Value in US$ 11.62 Billion in 2021 Market Size Value by US$ 54.95 Billion by 2028 Growth rate CAGR of 26.1% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
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Digital Education Market: Strategic Insights
| Market Size Value in | US$ 11.62 Billion in 2021 |
| Market Size Value by | US$ 54.95 Billion by 2028 |
| Growth rate | CAGR of 26.1% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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Digital Education Market Drivers and Opportunities
Industry 4.0 and Education 4.0 to Fuel the Market
The fourth industrial revolution, known as Industry 4.0, necessitates a corresponding evolution in education, referred to as Education 4.0. This digital transformation is not limited to start-up employees; it extends to industrial workers, administrative staff, and bank managers who must adapt to the digital realm. The educational system, from primary schools to universities and continuing education, needs to be adjusted to accommodate this era of digitalization. Digital education is essential for individuals to actively engage in society and for companies to maintain their competitiveness. Essentially, Industry 4.0 requires Education 4.0, which entails a radical shift in both how and what to learn, as digital skills have become as important as traditional competencies in reading, writing, and arithmetic.
Investment in Education Technology to Support Market Growth
The investment in educational technology has experienced a significant increase on a global scale in the past ten years. When utilized effectively, these technologies hold the potential to revolutionize teaching and learning methods, reduce disparities in learning, and establish more inclusive and effective education systems. However, the experiences of countries during the COVID-19 pandemic have revealed deficiencies in the current ability of digital technologies to facilitate high-quality teaching and learning. This has underscored the necessity for supportive policies and conditions to fully harness their potential. The swiftly advancing capabilities of Artificial Intelligence (AI) have also brought attention to the role of education policy in preparing learners for a future driven by AI.
Growing Demand for Microlearning– An Opportunity in the Market
Microlearning, as a training approach within organizations, transforms the learning process by providing brief, on-demand materials that empower learners to participate at their speed. Presenting information in small, easily digestible segments improves memory retention, and its efficient use of time and resources is reshaping the digital education environment. Additionally, its reputation for being more engaging and stimulating than traditional e-learning is driving the expansion of the digital education market, establishing microlearning as a leading method in contemporary learning practices.
Digital Education Market Report Segmentation Analysis
Key segments that contributed to the derivation of the digital education market analysis are end users, learning type, and course type.
- Based on end users, the market is segmented into individual learners & academic institutions and enterprises & government organizations. The individual learners & academic institutions segment held a significant market share in 2023.
- In terms of learning type, the market is bifurcated into self-paced online education and instructor-led online education. The self-paced online education segment held a substantial share of the market in 2023.
- Based on course type, the market is segmented into Science & Technology Courses, Entrepreneurship & Business Management Courses, and Others. The science & technology courses segment held a substantial share of the market in 2023.
Digital Education Market Share Analysis by Geography
The geographic scope of the Digital Education Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
The Digital Education Action Plan (2021-2031) is a revitalized policy initiative by the European Union (EU) that outlines a shared vision for high-quality, inclusive, and accessible digital education in Europe. It aims to assist Member States in adapting their education and training methods to the digital age. Adopted on September 30, 2021, the Action Plan calls for increased cooperation at the European level to address the challenges and opportunities presented by the COVID-19 pandemic. It also seeks to provide opportunities for the education and training community, policymakers, academia, and researchers at national, EU, and international levels.
Digital Education Market Report Scope
Digital Education Market News and Recent Developments
The Digital Education Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- Accenture (NYSE: ACN) has agreed to acquire Udacity, a digital education pioneer with deep expertise in the development and delivery of proprietary technology courses that blend the flexibility of online learning with the benefits of human instruction. Udacity’s team of more than 230 professionals will join Accenture LearnVantage, also announced today, which provides Accenture’s clients with comprehensive technology learning and training services that will help them reskill and upskill their people in technology, data & AI to reinvent their organizations and achieve greater business value.
(Source: Accenture, Company News, 2024)
- Wolters Kluwer, a global leader in professional information, software solutions, and services, has launched Lippincott Medical Education, a new AI-powered eBook library. A collaboration with online learning platform Kortext, the solution is set to revolutionize the accessibility of medical educational resources for universities and students across India by leveraging the power of a dynamic artificial intelligence (AI) powered digital platform.
(Source: Wolters Kluwer N.V., Press Release, 2024)
Digital Education Market Report Coverage and Deliverables
The “Digital Education Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Digital education market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Digital education market trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Digital education market analysis covering key market trends, major players, regulations, and recent market developments
- Digital education industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Course Type, Learning Type, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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