Online Education Industry Market Size
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Global Online Education Market Is Projected To Witness A Compound Annual Growth Rate Of 10 26 During The For Online Education Education And Training Education
E learning industry growth is skyrocketing.
Online education industry market size. Industry market research reports statistics analysis data trends and forecasts. Ibisworld s statistic shows that as of 2020 the market size of the educational services industry is 1 6tr an increase of 0 07 from 2019. Meanwhile user scale also increased rapidly reaching 89 27 million in the same period a 21 9 rise from a year ago. Get up to speed on any industry with comprehensive intelligence that is easy to read.
China s online education industry has expanded at a rate of around 20 in recent years with the market worth of rmb150 7 billion in 2016 a year on year growth of 23. Market research firm global industry analysts projected it would reach 107 billion in 2015 and it did. Online education refers to learning in a 100 virtual environment. In fact india s e learning market is the second largest after the us which is forecasted to grow by 15 64 percent and exceed 48 billion by 2020.
Is expected to propel the growth of education market in the country. The online education in india is evolving at a swift pace owing to the following factors. Industry market research reports statistics analysis data trends and forecasts. High demand for online education in the u s.
Online education market in india to touch 1 96. Key drivers of e learning growth in india. E learning market size surpassed usd 200 billion in 2019 and is anticipated to grow at over 8 cagr between 2020 and 2026 the advent of several new technologies such as cloud computing and ai coupled with increasing internet penetration across the globe will drive the market growth. The current user base for online education industry in india largely consists of school students and.
Now forecasts show triple the revenue of 2015. What is the market size of the educational services industry in the us. Online education can play a major role in developing the education industry overall in terms of money as well as. Market snapshot the global online education market is expected to expand at a 28 55 cagr during the forecast period 2017 2023 online education is an electronically supported learning system which relies on the internet for interaction and distribution of course material between students and teachers.
The low population of children under the age group of 3 6 limits the growth of.
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