Digital Education Market Trends 2023: Industry Share, Revenue, Growth Drivers, Business Opportunities, Latest Technologies and Forecast Analysis till 2033: SPER Market Research
The creative integration of contemporary technology and digital tools to support the advancement of teaching and learning is known as digital education. The future of obtaining an education using digital devices and technology is digital education. Students can take advantage of a number of advantages from digital education, such as affordable tuition and specialized course offerings. Additionally, because digital education improves employee performance, it has become a crucial component of the majority of firms.
According to SPER market research, Digital Education Market Size– By Type, By Course Type, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Digital Education Market is predicted to reach USD 199.65 billion by 2033 with CAGR of 26.23%.
The market is expected to rise as a result of growing smartphone and internet usage, as well as increased use of cutting-edge technology in digital education. Additionally, the market is expanding globally due to the rise in the application of AI and machine learning in digital education. However, the market’s expansion is constrained by elements like the absence of social contacts in digital education and the expensive implementation costs. Conversely, during the course of the forecast period, a number of trends like adoptive learning, gamification, micro learning, and mobile learning are anticipated to present lucrative prospects for market advancement.
However, there are several drawbacks to digital learning, such as a lack of social connection, restricted internet access, the inevitability of cheating, privacy and security issues, growing health issues as a result of increase in screen time, decline in need for self-motivation and effective time management and a theory-heavy curriculum. The majority of a student’s time is spent viewing videos, looking at slide presentations, and listening to podcasts. This makes it difficult for teachers to carry out experiments. All you need for this contemporary method of instruction is a strong internet connection and smart devices. The high cost of digital education and the scarcity of experts will limit the market’s expansion.
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Impact of COVID-19 on Digital Education Market
Every firm and the digital education sector have been forced to change their business practices to a remote work environment due to the COVID-19 impact. Furthermore, many were compelled to stay indoors due to stringent regulations set by government authorities. Global adoption of digital education resulted from this. The market for digital education benefited from the COVID-19 pandemic. Additionally, the COVID-19 epidemic changed the way the educational sector operated by emphasizing online working models, which opened up a profitable market for digital education.
Digital Education Market key player
North America dominated the worldwide digital education. This can be ascribed to a number of factors, including the region’s strong technological infrastructure and high internet penetration rates, which have made it easier for online learning platforms to be widely adopted. Over the course of the forecast period, the European market and the Asia Pacific market is anticipated to grow at a very rapid rate in terms of revenue. Increasing adoption of cloud solutions, improved connectivity, and multi-modal educational delivery are some of the key elements propelling the market’s revenue growth in this area. Additionally, some of the market key players are Alison, Byju’s, Coursera, CreativeLive, CXL, Datacamp, Edmodo, Edureka, edX, Federica Web Learning, FutureLearn, Go1 and various others.
Digital Education Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Type: Based on the Type, Global Digital Education Market is segmented as; Instructor-led Online Education, Self-paced Online Education.
By Course Type: Based on the Course Type, Global Digital Education Market is segmented as; Entrepreneurship and Business Management Courses, Science and Technology Courses.
By End user: Based on the Vehicle Type, Global Digital Education Market is segmented as Academic Institutions, Enterprises and Public Sector.
By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Digital Education Market Business Opportunities
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