Digital Education Market Size To Reach $77.23 Billion By 2028 | CAGR: 30.5%: Grand View Research, Inc.
SAN FRANCISCO, July 14, 2021 /PRNewswire/ -- The global digital education market size is expected to reach USD 77.23 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 30.5% from 2021 to 2028. The education industry has witnessed a paradigm shift from conventional exam-oriented learning to personalized and interactive learning in recent years. As digitization continues to penetrate the education industry, the latest technologies and new and creative techniques are being used to deliver knowledge and educational content, thereby transforming learning and development into a lifelong process. Looking forward to the future, digital education is predicted to benefit several beneficiaries across various geographies, demographics, ages, and socioeconomic conditions.
Key Insights & Findings:
Read 101 page market research report, "Digital Education Market Size, Share & Trends Analysis Report By Course Type (Business Management, Science, Technology, Engineering, & Mathematics), By Learning Type (Self-paced, Instructor-led), By End-user, By Region, And Segment Forecasts, 2021 - 2028'' by Grand View Research.
Digital education has changed the way people are pursuing learning. The interactive, flexible, high-quality, and collaborative learning facilitated by online learning platforms is particularly stimulating the growth of digital leaning. Digital learning also provides users with the flexibility to take courses at their convenience. Hence, several institutions are offering online learning to their students. Corporates are also adopting online training modules for training their employees and helping them in upgrading their skill sets. Digital learning can also help overcome the barriers associated with the conventional teaching approach, such as the difference in the pace of learning of different students.
Education institutes have adopted digital learning to improve the efficiency of various processes, such as tracking students, reducing operational costs, and enhancing safety and security while providing information tools for teachers, administration staff, students, and researchers. Progressive educational institutions are looking forward to adopting the latest technology to transform the learning environment and merge the physical and virtual world to derive better student outcomes. The global market is a rapidly growing sector with companies spanning from early-stage start-ups to publicly traded organizations. The market is gaining a lot of attention from seasoned industry participants and generalist investors, primarily across the three main categories, i.e., K-12, higher education, and corporate learning. Each sector is unique and has different funding mechanisms, end users, and buyers.
Grand View Research has segmented the global digital education market based on course type, learning type, end-user, and region:
List of Key Players of Digital Education Market
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.