4. Market
Last updated
Last updated
In recent years, especially since the COVID-19 pandemic, the scale of global online education has been growing rapidly. Online education has become an essential tool for students, teachers, and educational institutions to continue teaching and learning during social distancing and remote work.
According to a report by ResearchAndMarkets, the global online education market grew by 18.7% in 2020 due to the COVID-19 pandemic. There will be more than 1.6 billion learners in the world in 2021, more than half of whom will access educational content through online education platforms; the number of students taking at least one online course will reach 42.71 million in 2022, an increase of 10% over the previous year; by 2025, the global online The value of the education market is expected to reach USD
319.167 billion, growing at a compound annual growth rate (CAGR) of 9.23% during the forecast period (2020-2025).
Among them, the Asia-Pacific region is the largest online education market, and the region will maintain its dominance in the global online education market during the forecast period. The Asia-Pacific online education market size in 2020 is US$64.12 billion, and the market is expected to grow at a compound annual growth rate (CAGR) of 18.86% during 2021- 2028. Major countries in the Asia-Pacific online education market include China, Singapore, Malaysia, India and Japan, etc.
This growth can be attributed to several factors such as increasing demand for affordable and accessible education, increasing penetration of educational technology, and increasing availability of high-speed internet and mobile devices, as well as government support in various regions for favorable online measures for education.
Additionally, online education has been boosted by the rise of Massive Open Online Courses (MOOCs), which can provide educational resources from leading schools and institutions for free or at a low cost. MOOCs enable learners worldwide to access high-quality educational resources, regardless of their geographic location or socioeconomic status. Online education also opens up new opportunities for lifelong learning, where individuals develop their skills and knowledge throughout their lives. This is especially important in a rapidly changing job market where individuals need to stay abreast of the latest trends and technologies to remain competitive.
These statistics and market analysis results highlight the significant growth and potential of online education, the increasing availability of high-speed Internet and mobile devices, and the improvement of Web 3.0 network infrastructure will accelerate the adoption of online learning worldwide. Online education is expected to continue to grow in the coming years, driven by technological advancements and growing demand for accessible, affordable, and flexible education options, providing learners with access to quality educational resources and enhanced career advancement and new opportunities.
