Blockchain Press Releases
Revolutionary Growth Projected for Online Education Market Expanding to USD 475 Billion by 2030 with a Striking CAGR of 9.1% Unveiled in Technology Industry Report by Facts and Factors
NEW YORK, July 13, 2023 /PRNewswire/ — As per Facts and Factors study, the global Online Education market size was worth around USD 217 billion in 2022 and is predicted to grow to around USD 475 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.1% between 2023 and 2030.
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Online Education Market: Overview
Massive demand for online education has resulted from the escalating competition among online degree providers and the substantial proportion of education sector investments. The increasing need to enhance the quality of education and experience has increased the demand for online education. The proliferation of online education enterprises has disrupted the market and increased venture capital funding. For the record, the amount of venture capital allocated to the edtech industry in the United States increased from $1.1 billion to nearly $8.1 billion.
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Key Industry Insights & Findings of the Online Education Market Reports:
- As per the analysis, the Online Education market share is likely to grow above a CAGR of around 9.1% between 2023 and 2030.
- The Online Education market size was worth around USD 217 billion in 2022 and is estimated to hit approximately USD 475 Billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The global online education market is anticipated to record massive growth over the forecast period owing to the large-scale application of AI for e-learning in the education sector.
- In terms of type, the academic segment is slated to register the fastest CAGR over the forecast period.
- Based on technology, the mobile e-learning segment is slated to dominate the segmental surge over the forecast period.
- On the basis of end-user, the K-12 schools’ segment is slated to dominate the segmental surge over the forecast period.
- Region-wise, the Asia-Pacific online education market is projected to register the highest CAGR during the assessment period.
Facts and Factors published the latest report titled “Online Education Market Size, Share, Growth Analysis Report By Type (Academic and Corporate), By Technology (Mobile E-learning, Rapid E-learning, and Podcasts), By Vendor (Service Provider and Content Provider), By End-User (Higher Education Institutions and K-12 Schools), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030” into their research database.
Online Education Market: Growth Factors
- Growing popularity of cloud-based technologies will drive the expansion of global market
It is anticipated that the introduction of cloud-based tools and an increase in online interaction for resolving questions will drive the global growth of the online education market. The widespread implementation of cutting-edge hardware computing systems, such as smartphones, in educational activities will expand the market’s growth potential.
Global market growth will be stimulated by the widespread implementation of AI for e-learning in the education industry. Aside from this, online education providers are uniquely positioned to develop B2B alliances with companies whose primary objective is to upskill their employees and recruit new talent. The action is anticipated to stimulate global market trends.
In addition, the trend toward providing unique learning experiences will drive the expansion of the global online education market. The increasing digitization of education and demand for tablets will increase the scale of the global market.
Online Education Market: Restraints
- Less web access can hinder the expansion of the global market
Income limitations and restricted Internet access can hinder the global online education market. Children’s increasing reliance on smartphones, iPads, and laptops will further slow the global economy.
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Global Online Education Market: Segmentation Analysis
The global online education market is segmented by type, technology, vendor, end-user, and region.
The global market for online education is segmented by type into academic and corporate segments. In addition, the academic segment, which accounted for over 52% of the global market share in 2022, is anticipated to exhibit the highest CAGR during the forecast period. In academic institutions such as schools, universities, and coaching institutes, there has been a rise in demand for online lecture delivery, which has contributed to segment growth in the coming years.
Globally, the online education industry is segmented by technology into rapid e-learning, mobile e-learning, and podcasts. In addition, the mobile e-learning segment, which held a significant share of the global market in 2022, is projected to lead the segmental expansion in the coming years. The predicted segment growth can be attributed to the widespread use of mobile e-learning technology in online education activities.
The global online education market is segmented by end-user into higher education institutions and K-12 schools. In addition, the K-12 schools’ segment, which held a significant share of the global market in 2022, is projected to lead the segmental expansion in the coming years. The predicted segment growth can be attributed to the substantial demand for online modes of education in K-12 institutions.
The global online education industry is divided into service providers and content providers based on the vendor.
Recent Developments:
- In the first half of 2022, Credly, Inc., a key software firm, recently declared its acquisition of Pearson plc, a key UK-based education & book publishing firm. The move is likely to expand the latter’s assessment abilities, learning capabilities, and workforce analysis. Furthermore, it will help in expanding the former’s global presence.
- In the second quarter of 2022, Class Technologies Inc., a key player in the digital learning sector, and Anthology, a key provider of ed-tech solutions, signed a deal as per which the former will acquire the latter’s virtual classroom. The move is likely to boost the growth of the online education industry across the globe.
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Competitive Players
The report contains qualitative and quantitative research on the global Online Education Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness.
Some of the main players in the global Online Education market include;
- Saba Software
- Microsoft Corporation
- Lynda.Com
- KallidUS Ltd.
- Cornerstone on Demand Inc.
- Docebo
- Citrix Education Inc.
- Tata Interactive Systems
- Adobe Systems Inc.
- Blackboard Inc.
- Aptara Inc.
- Mcgraw-Hill Education
- K12 Inc.
- Powerschool Group LLC
- Cisco Systems Inc.
- Skills2learn Ltd.
- Oracle Corporation
- City & Guilds Group
- Centerpoint Systems Inc.
- Adobe Systems Inc.
- Articulate Global Inc.
- Learning Pool
- Sap SE
- Edmodo
Key questions answered in this report:
- What is the growth rate forecast and market size for Online Education Market?
- What are the key driving factors propelling the Online Education Market forward?
- What are the most important companies in the Online Education Market Industry?
- What segments does the Online Education Market cover?
- How can I receive a free copy of the Online Education Market sample report and company profiles?
Report Scope:
|
Report Attribute |
Report Details |
|
Market Size in 2022 |
USD 217 Billion |
|
Market Forecast in 2030 |
USD 475 Billion |
|
Growth Rate |
CAGR of 9.1% |
|
Base Year |
2022 |
|
Forecast Years |
2023- 2030 |
|
Key Companies Covered |
Saba Software, Microsoft Corporation, Lynda.Com, KallidUS Ltd., Cornerstone on Demand Inc., Docebo, Citrix Education Inc., Tata Interactive Systems, Adobe Systems Inc., Blackboard Inc., Aptara Inc., Mcgraw-Hill Education, K12 Inc., Powerschool Group LLC, Cisco Systems Inc., Skills2learn Ltd., Oracle Corporation, City & Guilds Group, Centerpoint Systems Inc., Adobe Systems Inc., Articulate Global Inc., Learning Pool, Sap SE, Edmodo., and others. |
|
Segments Covered |
By Type, Technology, Vendor, End-User, and Region |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
|
Customization Scope |
Avail customized purchase options to meet your exact research needs. |
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Regional Analysis:
Over the forecast period, the North American Online Education market will establish a dominant position.
North America, which accounted for more than 60 percent of the global online education market’s revenue in 2022, is projected to experience significant growth over the coming years. The expansion of the regional market between 2023 and 2030 may be subject to an increase in demand for bring your own device. In addition, the regional market expansion will be driven by the presence of key competitors such as Microsoft Corporation, Cisco Systems, Inc., and Oracle Corporation.
In addition, the Asia-Pacific region is anticipated to have the maximum CAGR over the assessment period for the online education market. A rise in the use of the internet and the demand for smartphones in countries such as India and China are factors that are likely to influence the expansion of the regional industry. Regional industry trends will be determined by the vast prevalence of educational institutions in the region.
Global Online Education Market is segmented as follows:
By Type Segment Analysis
- Academic
- Corporate
By Technology Segment Analysis
- Mobile E-learning
- Rapid E-learning
- Podcasts
By Vendor Segment Analysis
- Service Provider
- Content Provider
By End-User Segment Analysis
- Higher Education Institutions
- K-12 Schools
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.
From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.
Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).
More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.
“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.
Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.
Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Blockchain Press Releases
Blockchain for Good Alliance Hosts Web3 Oscar, Celebrating Innovators Advancing UN’s Sustainable Development Goals
DUBAI, UAE, Nov. 14, 2024 /PRNewswire/ — The highly anticipated Web3 Oscar, a prestigious event hosted by the Blockchain for Good Alliance (BGA), celebrating blockchain projects driving real-world impact aligned with the UN’s 17 Sustainable Development Goals (SDGs). Industry leaders gathered in Bangkok to honour innovators shaping a sustainable future.
The event was part of BGA’s November lineup, featuring two major initiatives for global change through blockchain: the Sustainable Innovation Summit and the Web3 Oscar Awards.
Sustainable Innovation Summit: A Hackathon for Social Impact
Held from September 9 to November 11, 2024, the Sustainable Innovation Summit hosted a hackathon with a $100,000 prize pool, inviting participants worldwide to create blockchain solutions addressing key issues such as poverty, clean water access, and gender equality. The summit concluded with a Demo Day at the Grand Hyatt Erawan in Bangkok, where finalists showcased their projects to blockchain pioneers, investors, and industry leaders, with opportunities for incubation support and equity-free funding.
Rising Stars
In a cinematic presentation style, 10 shortlisted projects from across the globe, participating in the Sustainable Innovation Summit’s 17 SDGs Challenge, took the stage. Each team presented their blockchain solutions to address sustainability challenges, telling the story of a “hero” confronting a global crisis (one of the 17 SDGs), with blockchain as the “tool” they wield for change.
Winners for the 17 SDGs Challenge:
- 1st Place: Grand Social Impact Award 🥇 EthicHub
- 2nd Place: Outstanding Social Innovation Award 🥈 Plastic Odyssey
- 3rd Place: Emerging Impact Award 🥉 ResearchHub
Rising Star Awards (top 10 projects, in no specific order):
- Wavy Health
- LAKE (LAK3)
- KulaDAO
- erable°
- arkreen
- UCO Network
- Edu3Labs
Web3 Oscar Awards: Honouring Leaders in Blockchain for Social Good
Coinciding with the hackathon’s Demo Day on November 11, the BGA Web3 Oscar Award recognizes individual contributions to blockchain for social good across three categories, with up to 7 total winners.
Each category highlights individual efforts aligning with BGA’s mission.
The Collaboration Bridge Award honours individuals who have played a vital role in guiding the strategic direction of the Blockchain for Good Alliance (BGA). This year’s recipients are:
- Harn, CEO of Trigger Asset Management
- Mariana de la Roche Wills from INATBA (International Association for Trusted Blockchain Applications) and de la Roche W. Consulting
The Public Welfare Contribution Award celebrates individuals who have harnessed #BlockchainForGood. This award was presented to:
- BreeAnne Yek, Consultant at The Verdant Room
- Milica Dimitrijevic from Positiveblockchain.io
These individuals have demonstrated remarkable dedication, guidance, and pioneering work, significantly advancing the mission of the Blockchain for Good Alliance (BGA) in promoting sustainable development through blockchain technology.
In her closing remarks, Helen Liu, Co-founder and COO of Bybit and founder of BGA, explained how blockchain can bring people together to make a real difference worldwide. Her vision for leveraging blockchain to create worldwide impact was both inspiring and forward-thinking.
About Blockchain for Good Alliance (BGA)
The Blockchain for Good Alliance (BGA) is a long term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.
For more information
Email: [email protected]
Website: www.blockchainforgood.xyz
Twitter: www.twitter.com/chainforgood
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