Online Education Market
                     Market Highlights 
As per the analysis by Market Research Future Reports (MRFR), the Global Online Education 
Market is estimated to grow at a CAGR of 28.55% with a value of USD 423 Billion from 2017 to 
2023. The current global situation, i.e., the outbreak of corona, has influenced the global online 
education market 2020. Online education has grown significantly since the only education mode 
available at a time like this is only online. An increase in the usage of the internet opened the 
avenues for the education sector as well. With the development of technology and demand for 
innovation, the global online education market is likely to grow exponentially during the forecast 
period. 
Moreover, the online education market is likely to expand due to the rising demand for adaptive 
learning. With the sector players exhibiting the addition of advanced tech products, the online 
education market will expand rapidly during the review period. Besides, the increasing focus of 
companies on collaborating and product development to attain traction globally. The rising demand 
to lessen the cost of education, increasing initiatives taken by the government to promote the 
online education mode has also contributed significantly to the expansion of the market at the 
global level. However, the availability of enormous content and lack of awareness is an obstacle in 
the expansion of the market. 
Segmentation: 
The global online education market can be classified on the basis of vertical, component, learning 
type, product, and region. 
On the basis of vertical, the global online education market can be segregated into Industry and 
Professionals, Higher Education, K-12, and others. 
On the basis of components, the global online education market can be segregated into Software 
(Courseplay, Worldclass, Yuja, and Others) and Hardware (Mobile, Laptop, PC, and Others). 
On the basis of learning type, the global online education market can be segregated 
into Asynchronous (e-mail, Social Networking, Digital Curriculum Material, and Discussion Boards) 
and Synchronous (Voice, Live Streaming, Chat, and Video). 
On the basis of product, the global online education market can be segregated into Services (Test 
Preparation, Primary and Secondary Supplementary Education, Higher Education and Language, 
Online Certification, and Others) and Content (Arts, Commerce, Management, Technical, and 
Others). 
On the basis of region, the global online education market can be segregated into Asia-Pacific, North 
America, Europe, and the Rest of the World (RoW). 
Regional Analysis 
The regional segment can be segregated into Asia-Pacific, North America, Europe, and the Rest of 
the World (RoW). Among all, the North American market sized the maximum market share 
accounting 43% in 2016 with a market value of USD 1.85 billion. With the presence of developed 
countries like the US and Canada, the region is well equipped with developed infrastructure, the 
rising demand for BYOD among the corporates, and expertise in the concerned field are influencing 
demand for online education in the region. The second position was attained by the APAC region. 
The Asia-Pacific region acquired the second largest market share is likely to expand at the highest 
CAGR of 31.28% during the review period. With the presence of fast-developing countries like India 
and China, the market is likely to expand exponentially during the forecast period. 
Key Players 
The forefront players of the global online education market Classteacher Learning Systems 
(India),  Pearson PLC (UK), Lynda.Com (US),  McGraw-Hill Education (US), Aptara Inc. (US), 
Blackboard Inc. (US), Adobe Systems Inc. (US), Edmodo (US), Docebo (Canada), PowerSchool 
Group LLC (US), K12 Inc. (US), Tata Interactive Systems (India), Udacity, Inc. (the US), and a 
few more.