Digital Education Market Size Worth USD 107.25 Billion, Globally, by 2030 at 30% CAGR: The Brainy Insights

As per the report published by The Brainy Insights, the global digital education market is expected to grow from USD 7.78 Billion in 2020 to USD 107.25 Billion by 2030, at a CAGR of 30% during the forecast period 2021-2030. North America region emerged as the largest market for the global digital education market with a 35.8% share of the market revenue in 2020. This is owing to market vendors' rapid product and regional expansion strategies to obtain a competitive advantage.

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Leading companies in the industry include Alison, Coursera, Edmodo, Edureka, edX, Federica EU, FutureLearn, Intellipaat, Iversity, Jigsaw Academy, Kadenze, Khan Academy, LinkedIn, Linkstreet Learning, Miríadax, NovoEd, Pluralsight, Udacity, Udemy and XuetangX among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The course type segment is divided into business management, science, technology, engineering, & mathematics. The science, technology, engineering, & mathematics (STEM) segment dominated the market with a market share of around 66% in 2020. Computer science, health and medicine, engineering, chemistry, and physics are a few of the scientific and technology subjects available. Computer science and programming are both concerned with the development and testing of algorithm-based computational systems. The growing use of IoT in companies demands the hiring of trained workers who can manage data using a variety of tools, methodologies, and programming languages. Companies have begun to rely on digital education platforms to upskill their employees, which has resulted in a surge in the use of computer science and programming courses in recent years.

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The learning type segment is divided into instructor-led, self-paced. During the forecast period, the instructor-led online education segment is expected to grow at the fastest CAGR of 32%. Instructor-led online education involves the delivery of content to students by the instructor, who delivers direct instructions to students, either individually or in groups, at some time during the course. The demand for instructor-led online education is predicted to rise as students become more aware of the benefits of instructor-led education. The end user segment is divided into enterprises, individuals, and academic institutions. In 2020, the academic institutions and individuals segment dominated the market, accounting for around 70% of global revenue.

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