The Future of Digital Education Market
Major factors expected to drive the growth of the digital education market include increased internet penetration around the world, reduced infrastructure cost, and increased scalability using online learning and growing demand for microlearning. Technological advancements such as virtual classrooms represent significant opportunity in near future for the companies that are currently offering online learning services.
The increasing adoption of IoT in various enterprises demand skilled workforce to handle the data through a variety of tools, techniques, and computer languages. Companies have started relying on digital education platforms to upskill their workforce; hence, computer science and programming courses have witnessed an increased adoption in the past couple of years.
For the purpose of this study, all the courses that include some form of instructor-led component are considered under this segment. Many students prefer to instructor-led online education, especially for the skill-based courses.
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The major growth drivers for this region are the collaboration between the government and network arenas and the institutional partnerships between digital education vendors and research specialists. In addition, the need to enhance the skillsets of the employees and the technicalities among students in the region are enforcing the universities and educational organizations to deploy digital education platforms and services.
The region is expected to grow and adopt new technologies at the fastest pace when compared to the rest of the world and dominate the overall digital education ecosystem. The major growth drivers for this region include the large-scale investments in outsourced digital education services by universities in North America. Many universities in the region have developed their own digital education and formed alliances with the platform providers.
Key Market Players:-
Key and emerging digital education market players include Coursera (US), edX (US), Pluralsight (US), Edureka (India), Alison (Ireland), Udacity (US), Udemy (US), MirÃadax (Spain), Jigsaw Academy (India), iversity (Germany), Intellipaat (India), Edmodo (US), FutureLearn (UK), LinkedIn (US), NovoEd (US), XuetangX (China), Federica EU (Italy), Linkstreet Learning (India), Khan Academy (US), and Kadenze (Spain).