According to Market Research Future (MRFR), the “Online Education Market Information by Learning Type, by Components, by Vertical, and Region – Forecast to 2030” market will reach USD 197.64 billion by 2030, growing at a compound annual growth rate of 22.7 percent.
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The Online Education Market By 2030
Featured Exclusively in the Market USP:
Inadequate infrastructure exists to act as a market restraint
Market constraints over the projection period could include a lack of infrastructure and a critical learning environment.
The Market’s Obstacle: A Dearth of Face-to-Face Interactions
During the forecast period, market challenges could include a lack of face-to-face interactions in online learning, the need for increased self-motivation, the imbibition of theoretical knowledge, a lack of practical knowledge, a lack of online education services for the blind and deaf, educational quality issues, and low teacher control over students.
The Study Considered Market Segmentation:
The global online education market has been segmented by vertical, learning type, product type, and component type.
The market for online education is segmented into two segments: software and hardware.
The market for online education is segmented into two product categories: services and content.
The market for online education is separated into two segments: asynchronous and synchronous learning.
The online education market is segmented into verticals such as professionals, industry, higher education, and elementary and secondary education, among others.
Analyses by Region:
COVID-19’s Impact on the Global Online Education Market
The spread of COVID-19 benefited the online education industry. Schools, colleges, and other institutions were compelled to close as a result of the virus’s spread, leading in an increase in demand for online instruction.
The ACCESS Program at Mississippi State University recently expanded its scope by offering online enrichment courses. All students aged 14 and above, regardless of disability or academic background, are welcome to enroll in the course.
This program will aid students in developing self-advocacy skills, improving functional life skills, increasing independence, increasing college and job readiness, and upgrading functional life skills.
This online course requires only a brief registration process and will be available during the summer, spring, and fall semesters at MSU.