Digital Education Market Developments, Trends, and Forecast by 2031

The digital education market size is projected to reach US$ 118.13 billion by 2031 from US$ 18.48 billion in 2023. The market is expected to register a CAGR of 26.10% in 2023–2031. Investment in education technology and increasing demand for digital learning are likely to fuel market growth.

Digital Education Market Analysis

In order to thrive in the future professional environment, individuals must possess the appropriate digital skills. Whether in educational institutions, on college campuses, or the workplace, the increasing digital transformation is emphasizing the significance of IT skills on a daily basis. The rise of digital media is enhancing digital learning. The company can successfully navigate digitalization and capitalize on its opportunities, but it adopts a thorough strategy.

Digital Education Market Overview

The innovative application of technologies and digital tools in teaching and learning is described to as digital education, also known as technology-enhanced learning (TEL) or e-learning. Educators can create interactive learning experiences in their courses through the use of digital technologies, which can be either fully online or a mix of online and in-person components.

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Digital Education Market: Strategic Insights

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Digital Education Market Drivers and Opportunities

Industry 4.0 and Education 4.0 to Fuel the Market

The fourth industrial revolution, known as Industry 4.0, necessitates a corresponding evolution in education, referred to as Education 4.0. This digital transformation is not limited to start-up employees; it extends to industrial workers, administrative staff, and bank managers who must adapt to the digital realm. The educational system, from primary schools to universities and continuing education, needs to be adjusted to accommodate this era of digitalization. Digital education is essential for individuals to actively engage in society and for companies to maintain their competitiveness. Essentially, Industry 4.0 requires Education 4.0, which entails a radical shift in both how and what to learn, as digital skills have become as important as traditional competencies in reading, writing, and arithmetic.

Investment in Education Technology to Support Market Growth

The investment in educational technology has experienced a significant increase on a global scale in the past ten years. When utilized effectively, these technologies hold the potential to revolutionize teaching and learning methods, reduce disparities in learning, and establish more inclusive and effective education systems. However, the experiences of countries during the COVID-19 pandemic have revealed deficiencies in the current ability of digital technologies to facilitate high-quality teaching and learning. This has underscored the necessity for supportive policies and conditions to fully harness their potential. The swiftly advancing capabilities of Artificial Intelligence (AI) have also brought attention to the role of education policy in preparing learners for a future driven by AI.

Growing Demand for Microlearning– An Opportunity in the Market

Microlearning, as a training approach within organizations, transforms the learning process by providing brief, on-demand materials that empower learners to participate at their speed. Presenting information in small, easily digestible segments improves memory retention, and its efficient use of time and resources is reshaping the digital education environment. Additionally, its reputation for being more engaging and stimulating than traditional e-learning is driving the expansion of the digital education market, establishing microlearning as a leading method in contemporary learning practices.

Digital Education Market Report Segmentation Analysis

Key segments that contributed to the derivation of the digital education market analysis are end users, learning type, and course type.

• Based on end users, the market is segmented into individual learners & academic institutions and enterprises & government organizations. The individual learners & academic institutions segment held a significant market share in 2023.
• In terms of learning type, the market is bifurcated into self-paced online education and instructor-led online education. The self-paced online education segment held a substantial share of the market in 2023.
• Based on course type, the market is segmented into Science & Technology Courses, Entrepreneurship & Business Management Courses, and Others. The science & technology courses segment held a substantial share of the market in 2023.

Digital Education Market Share Analysis by Geography

The geographic scope of the Digital Education Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

The Digital Education Action Plan (2021-2031) is a revitalized policy initiative by the European Union (EU) that outlines a shared vision for high-quality, inclusive, and accessible digital education in Europe. It aims to assist Member States in adapting their education and training methods to the digital age. Adopted on September 30, 2021, the Action Plan calls for increased cooperation at the European level to address the challenges and opportunities presented by the COVID-19 pandemic. It also seeks to provide opportunities for the education and training community, policymakers, academia, and researchers at national, EU, and international levels.

Digital Education Market Regional Insights

The regional trends and factors influencing the Digital Education Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Digital Education Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Digital Education Market Report Scope

Digital Education Market Players Density: Understanding Its Impact on Business Dynamics

The Digital Education Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Digital Education Market are:

1. Alison
2. Coursera Inc.
3. Edmodo
4. FutureLearn
5. Intellipaat
6. Iversity

Disclaimer: The companies listed above are not ranked in any particular order.

Digital Education Market News and Recent Developments

The Digital Education Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

• Accenture (NYSE: ACN) has agreed to acquire Udacity, a digital education pioneer with deep expertise in the development and delivery of proprietary technology courses that blend the flexibility of online learning with the benefits of human instruction. Udacity’s team of more than 230 professionals will join Accenture LearnVantage, also announced today, which provides Accenture’s clients with comprehensive technology learning and training services that will help them reskill and upskill their people in technology, data & AI to reinvent their organizations and achieve greater business value.

(Source: Accenture, Company News, 2024)

• Wolters Kluwer, a global leader in professional information, software solutions, and services, has launched Lippincott Medical Education, a new AI-powered eBook library. A collaboration with online learning platform Kortext, the solution is set to revolutionize the accessibility of medical educational resources for universities and students across India by leveraging the power of a dynamic artificial intelligence (AI) powered digital platform.

(Source: Wolters Kluwer N.V., Press Release, 2024)

Digital Education Market Report Coverage and Deliverables

The “Digital Education Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Digital education market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Digital education market trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Digital education market analysis covering key market trends, major players, regulations, and recent market developments
• Digital education industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles