How Big is the Online Education Market? 

One of the questions that many people ask when starting an online education program is how big is the market? According to Technavio, the global online education market is set to reach a value of US$ 253.3 billion by 2021. However, the global market will be challenged by issues such as cybersecurity. This article will discuss some of the key issues and potential challenges faced by e-learning companies. First, let’s look at the market size. 

(For online marketing SEO, contact us today!)

The global e-learning market size reached US$ 253.3 billion in 2021 

The global e-learning market is anticipated to reach US$ 521.8 billion in 2027, registering a 9.9% CAGR over the forecast period. The e-learning market is expected to grow most rapidly in the Asia-Pacific region. Its growth is anticipated to continue, with China alone projected to reach $105.7 billion by 2026, and Japan at 8.6% CAGR. 

Major players in this market include FUTURE LEARN Limited, Apollo Education Group, Inc., Articulate Global, Inc., Blackboard Inc., Baidu Inc., Cisco Systems, Inc., Docebo, Inc., and Epicor Software Corporation. Many of these companies have specialized in a particular niche segment, and have expanded their portfolios by acquiring smaller start-ups. However, they have faced several challenges. For example, there are few safeguards to protect intellectual property, so vendors need to continually innovate and provide compelling materials. 

K-12 segment led the market in 2016 

The global pandemic of COVID-19 has positively impacted the K-12 segment of the online education market in 2016. The virus has forced the closure of many schools around the world and has kept 1.2 billion children out of classrooms. The rising demand for e-learning has led many institutions to adopt online education and expand remote platforms. However, some are concerned about the acceptance of online education after the pandemic. 

A rise in smart gadgets has spurred the adoption of technology in K-12 education. Interactive learning applications for students with these devices have emerged. These new learning techniques have made the process of learning flexible, easy, and scalable. The K12 education technology market will benefit from this trend as the adoption of smart gadgets increases shortly. The market for K12 education technology is projected to grow at a CAGR of 25.8% over the next four years. 

Cybersecurity is a challenge to the growth of the global e-learning market 

The proliferation of digital devices has led to an increased risk of cyberattacks. A growing number of users and a deluge of data, much of it sensitive, have compounded the risk of cyber attacks. While the growth of the global e-learning market has fueled innovation, it has also brought new cybersecurity challenges. Let’s look at some of them. 

The lack of a centralized in-person security system presents an opening for hackers. Furthermore, parents may be more susceptible to phishing scams due to their children’s remote learning. To mitigate this, schools should invest in cybersecurity training. Cyber hygiene is a key element of distance learning. By ensuring the safety of students and employees, schools can reduce the threat surface.