Press release
Online Program Management Market is anticipated to grow further up to USD 16264.9 Million by 2032 | Academic Partnerships, AllCampus PB LLC, Apollidon Learning, Bisk, Blackboard Inc
The Online Program Management Market size was USD 5957.4 Million in 2022 and is anticipated to reach USD 16264.9 Million in 2032, growing at a rate of 10.1% from 2023 to 2032.Online Program Management (OPM) is a type of educational service provider that manages online degree programs on behalf of a university. OPM providers typically handle student recruitment, admissions, marketing, and other aspects of the program, allowing the university to focus on providing the educational content and resources
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There are a few different models for how OPM providers work with universities. In some cases, the OPM manages the entire program on behalf of the school. In other cases, the OPM works as a partner with the university, sharing in the revenue generated by the program.
The growth of online education has created a need for new types of services, like OPM, that can help universities launch and manage their programs. As the industry continues to grow, it will be interesting to see how the role of OPM providers evolves.
Key Trends
Some of the key trends in Online Program Management technology include the following
1. Increased focus on data and analytics: OPM providers are increasingly using data and analytics to drive decision making and improve outcomes for their clients. This includes using data to track student engagement and progress, identify at-risk students, and assess program effectiveness.
2. Improved student support: OPM providers are investing in student support services to help students succeed in online programs. This includes providing academic advising, career counseling, and other services.
3. Enhanced program marketing and recruitment: OPM providers are using sophisticated marketing and recruitment strategies to attract students to online programs. This includes targeted advertising, social media marketing, and search engine optimization.
Key Drivers
There are a few key drivers of the Online Program Management Market. Firstly, the increasing popularity of online learning has led to a demand for better online program management tools. Secondly, the need for more efficient and effective ways to manage online programs has led to the development of more sophisticated online program management software. Finally, the rising costs of traditional educational programs has made online program management an attractive option for many educational institutions.
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Market Segments
The Online Program Management Market has been segmented into Component, Deployment, Business Model, Education Level, Application, and Region. Based on the Component, the Online Program Management market is bifurcated into Solutions and Services. On the basis of Deployment, the market is bifurcated into Cloud-based and On-premise. Based on Business Model, the market is segmented into Revenue Share, Hybrid, and Fee for Service. On the basis of Education Level, the market is segmented into Under Graduate, Post Graduate, Professional Certifications, and Others. Based on Application, the market is segmented into Course & Curriculum Design, Marketing & Recruitment, Enrollment & Admissions, Student Support & Retention, Learning Management Systems Integration, and Reporting & Analytics. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
Some of the key players of Online Program Management Market are 2U, Inc. (US), Academic Partnerships (US), AllCampus PB LLC (US), Apollidon Learning (US), Bisk (US), Blackboard Inc. (Anthology) (US), Keypath Education International, Inc. (US), Noodle Partners, Inc. (US), Pearson (UK), and Wiley Inc. (US).
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Reasons to buy Online Program Management Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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