Online Education Markets – The widespread use of

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The widespread use of smartphones and the attention paid by the academic sector to the digitization of learning processes in developed countries, such as the United States and Canada, are supporting the growth of the North American e-education market. The presence of major market players, such as Cisco Oracle and Microsoft, combined with the early introduction of these technologies, is contributing to the dominance of the North American region in the global online education market. The global online education market is expected to grow at a compound annual growth rate (CAGR) of 9.23 per cent over the forecast period, bringing the total market size to $319.167 billion in 2025, compared to $187.877 billion in 2019. Rising tuition fees and high interest rates on educational loans in both developed and developing countries have increased the cost of education on campus, continually shifting the trend towards e-learning solutions, which is having a positive impact on the demand for LMS in these universities and colleges. Supportive government policies also encourage investment in the development of e-learning platforms in the region, which has a positive effect on market growth. The global e-learning market is segmented by type of e-learning, by academic institution and by business sector. In 2017, North America had the largest share of the global e-learning market. In addition to national universities offering online distance education courses, many United States universities are expanding in the region by offering online education courses to students and the workforce. Increasing the efficiency of facilitated teaching and the flexibility of learning are some of the other factors contributing to the growth of online teaching by academic institutions. As student numbers increase and e-learning becomes more cost-effective, many educational institutions at all levels are integrating face-to-face teaching with e-learning. The growing adoption of cloud-based solutions, combined with significant investments by major market players to improve the security and reliability of cloud-based education platforms, is further increasing end-user adoption. However, APAC is expected to be the fastest growing regional market during the forecast period, due to growing Internet penetration combined with increasing use of mobile devices in emerging markets such as China, India, Malaysia and South Korea.