Global online course provider market is expected to reach USD 2.25 billion by the year 2025. The market is primarily driven by the growing reputation, reach and brand awareness of online education among students and corporates across the world.
Dallas, TX -- (SBWIRE) -- 02/03/2020 -- Global online course provider market is driven by factors such as increased use of digitization is one of the major factor which is one of the major which is likely to boost the growth of the market in the estimated forecast period. Furthermore, increase in demand for internet and use of smartphones is also likely to boost the growth of the market. In addition, increased use of facilities at home has also boosted the growth of the market. Moreover, increased adoption of brand awareness among end users and applicants is one of the major factor which boost the growth of the market.
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In addition, there has been a wide scale adoption of internet education across the institutes and colleges is likely to attribute to the growth of the market in the estimated forecast period. Moreover, increased demand for internet educators is a major trend which is boosting the growth of the market in the estimated forecast period. In addition, larger reach and wider audience is one of the major factor which is likely to boost the growth of the market in the estimated forecast period. Moreover, there are several corporate organizations which are also using this medium to boost the learning skills among its employees, thereby reducing time which is one of the major factor which attributes to the growth of the market in the estimated forecast period.
Several initiatives are being taken to boost the growth of the online course market which involves free educational courses. In addition, the advantage of learning from an expert is also likely to boost the growth of the market in the estimated forecast period. There has been a rapid rise in urbanization in the recent years which is likely to increase the demand for the online courses which is one of the primary attributes for the growth of the market in the estimated forecast period. Furthermore, there has been a rapid rise in the disposable income which is one of the major factor which is likely to boost the growth of the market in the estimated forecast period. Furthermore, increased awareness among consumers is also one of the major factor which is likely to boost the growth of the market in the estimated forecast period.
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Global online course provider market is divided and fragmented into various type of online course provider, application and on the basis of regions. On the basis of online course provider, it can be segmented as education, corporates, which is fragmented as SME's and large enterprises and others. Based on the provider, it can be fragmented as service and content. Based on the number of the regions covered, the market is further sub-segmented in to Europe, Asia Pacific, North America, and MEA. North America is one of the regions with the largest share in the market.
The North America region accounts for nearly 50% of the total online course providers market. The education system in the USA is growing rapidly with greater technological maturity trend in the learning technologies sector. Organizations have started to adopt learning technologies that are not limited internal training purposes in North America. Most of the global market players are based in the USA and generate the highest amount of revenue in this region.
The leading companies operating in online course market are Pluralsight, Udemy, Coursera, Edx, Codeacademy, Datacamp, Skillsoft, Khan Academy, Udacity, FutureLearn, and Lynda.com (Linkedin Learning).
Segment Overview of Global Online course provider Market
Application Overview:
- Education
- Corporates
- Large Enterprises
- SMEs
Provider Overview:
- Content
- Service
Regional Overview:
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Germany
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Australia
- Rest of APAC
- Central & South America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- UAE
- Saudi Arabia
- Turkey
- South Africa
- Rest of MEA
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