Online Education Market will reach US$ 350 Billion by 2025, globally due to the introduction of flexible learning technologies in the corporate and education sectors. The advanced artificial intelligence-driven platform is also playing a significant role in the growth of this market globally.

Research and Markets

Online learning has shown huge growth over the last few years, as the internet and education combine to offer people the opportunity to attain new skills more easily and affordably.

Since the COVID-19 outbreak, online learning has become an important part of many people's lives. The pandemic has forced schools, universities, and several organizations to work remotely and has accelerated the usage of online learning.

The rise of online learning

Several higher education institutions have already adopted online learning in their curricula. Here are some interesting facts according to Education Data,

Among nearly 3000 colleges in the United States, only 10 percent had plans to provide their instruction online for Fall 2020, with the remaining 34 percent of institutions intending to run classes primarily online, 21 percent in hybrid format, 23 percent primarily in person, and 4 percent fully in-person.

The online learning industry is projected to pass US$370 billion by 2026

20 percent of college students whose classes were shifted online during the pandemic indicated it was a major challenge to find a quiet place for online instruction

33 percent of post-secondary school administrators indicate they will continue to offer both remote and online options even after their campuses have reopened and normal operations resumed About the online education market

Several online platforms are innovating education with their learning programs such as Edvantic, Udemy, Coursera, Lynda, Skillshare, Udacity that serve millions of people worldwide. These platforms are getting shaped by different user verticals too. While Skillshare is mostly related to creative fields such as offering programs on animation, photography, lifestyle, Coursera is mainly related to academics with offering access to university programs.

Edvantic - a world education company is on a mission to take high-quality education in new disciplines like data science and AI across all corners of the world. The organization is armed with a vision to ensure every individual gets the basic education, skilling, and upskilling to compete and thrive in the 21st century.

Edvantic is one of a kind education company, which offers education from K12 and higher education to professional education and beyond. The firm operates with the world’s leading credentialing bodies – DASCA, TMI, CBCA, USPEC, IBCA – in the areas of data science, talent management, blockchain, private equity, and investment banking. 

Benefits of online learning

Online education can offer a vast range of access for learning to all. However, for all its growth and reach, the program completion rates remain low, and student engagement is a matter of concern. Adequately supporting remote learning needs more than a basic intervention from institutions.

Online education offers a dramatic level of scale to meet the requirements of potential learners. One of the major benefits are:

An individual can arrange their schedules according to their convenience and this enables them to scale themselves. This represents a massive opportunity for entrepreneurs to improve their knowledge assets rapidly.

The cost structure of online education is another aspect of the exponential growth of the market.

Online programs prove a more affordable option than traditional ones and there are no commuting costs, and sometimes need program materials, which include textbooks, that are available online at no cost.

Online programs are now more vastly available than ever. Approximately 86 percent of colleges and universities currently provide online learning in some forms (CBS News).

Online students have access to programs materials 24 hours a day, seven days a week, which gives them to revisit lectures and discussions as often as they prefer (Coleman). Because online programs are so vastly available and so easily accessible, an increasing number of students are hopping onto online education.

Conclusion

Online learning has become highly integrated into modern higher education. As colleges and universities constantly seek ways to acquire ground in the higher learning frontier, it is likely that internet-based education will only continue to expand in depth and breadth.

Institutions providing online instruction have a competitive edge over traditional institutions lacking online curricula. Hence, there will be a rise in the number of colleges and universities ready to incorporate online degrees and education programs into their school’s offerings.

Hello everyone, distance learning using online technologies is becoming more popular today than ever. This format of education is successfully implemented in the world in almost all areas.