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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- Facts and Factors Methodology
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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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
BlocksBridge Consulting
[email protected]
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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