$ 247 Billion Growth in Global Online Education Market 2020-2024 | Insights on Key Vendor Offerings and Forecast for New Normal | Technavio
Shape strategic responses through the phases of industry recovery
2U Inc., Ambow Education Holding Ltd., and Coursera Inc. will emerge as major online education market participants during 2020-2024
NEW YORK, March 19, 2021 /PRNewswire/ -- The online education market is expected to grow by USD 247.46 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the online education market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
The online education market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth increased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Related Report on Consumer Discretionary Include:
Global Online Tutoring Market - Global online tutoring market is segmented by courses (STEM, language courses, and other courses) and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample Report
Global Smart Education Market - Global smart education market is segmented by product (content, software, and hardware), end-users (higher education, and K-12 schools), and geography (APAC, Europe, MEA, North America, and South America). Get an Exclusive Free Sample Report
Major Three Online Education Market Participants:
2U Inc.
2U Inc. operates its business through the Graduate Program Segment and Alternative Credential Segment. The company offers a line of low-cost tools to help students better engage in online learning.
Ambow Education Holding Ltd.
Ambow Education Holding Ltd. operates its business through segments such as Better Schools, Better Jobs, and Others. The company offers a line of courses related to school education, tutoring services, international education programs, and online educational offerings through its business segment K-12 Education.
Coursera Inc.
Coursera Inc. operates its business through segments such as For Campus, For Government, and For Enterprise. The company offers online courses including free courses and university degrees at a breakthrough price.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown:
https://www.technavio.com/report/online-education-market-industry-analysis
Online Education Market 2020-2024: Segmentation
Online education market is segmented as below:
- Type
- Higher Education
- Test Preparation
- Language And Casual Learning
- Prim & Sec Supplemental Edu.
- Reskilling & Online Certifications
- Geography
- North America
- APAC
- Europe
- South America
- MEA
The online education market is driven by the growing advantages of online learning. In addition, other factors such as rapid penetration of Internet-enabled devices are expected to trigger the online education market toward witnessing a CAGR of over 18% during the forecast period.
Get more insights about the global trends impacting the future of the online education market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR43516
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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