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Global online education market to get worth USD 200 billion by 2030
Custom Market Insights has recently released a new research report titled “Online Education Market Size, Trends, and Insights.” The report provides an overview of the global online education market, including insights on its components such as hardware and software, product types including content and services, learning types including synchronous and asynchronous, and verticals such as K12, higher education, corporate learning, and others. The report also provides
An overview of the growth by region in its research database. As per the research study, the demand for the global online education market is valued at around USD 30 billion in 2021 and is expected to touch USD 200 billion in 2030 at a growth rate of about 23% from 2022 to 2030.
The research report published by CMI offers a 360-degree perspective of the Education market’s drivers and restraints. Also, the report examines global opportunities and competitive analysis for the Online Education market.
Click here to know more about the Global Online Education Report at https://www.custommarketinsights.com/request-for-free-sample/?reportid=22238
Online Education Market Growth
The report by Custom Market Insights stated that the learners learn online using electronic tools such as video, audio, e-book, AR/VR, or other electronic tools. This mode of education has gained popularity owing to the numerous benefits it offers to learners, including reduced costs and the opportunity to pursue specialized courses. Moreover, the report also highlighted that e-learning has also become crucial for many firms since it improves the performance of the employee.
The increasing acceptance of cloud-based arrangements and significant investments made by industry giants to improve the security and reliability of cloud-based education platforms are expanding the range of possibilities available to institutions. The market currently boasts a plethora of service and content providers, resulting in a vast repository of educational content that can be accessed online.
Market players are diligently contributing to making internet service quick and easy to access. The decline in the infrastructure cost is expected to act as an asset, enabling the market to grow as expected and experience growth during the forecasted period.
The growth in the industry is seen since education providers across the country are leveraging the technology. The technology is primarily used to deliver courses, certifications, and degrees across the country. This is benefiting both educators and learners across the globe.
The widespread adoption of internet technology, facilitated by advancements in global infrastructure, has transformed numerous aspects of modern life. Distance learning has emerged as a prominent and accessible option for students worldwide. This is because online education technology enables remote participation and learning from any location, whether at home or office. As a result, the education sector has emerged as a leader in digital innovation and continues to evolve with the ever-changing technological landscape.