PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1180172
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1180172
According to SPER Market Research, the Global Digital Education Market is estimated to reach USD 254.98 billion by 2032 with a CAGR of 32.54%.
Modern technology and digital technologies are creatively incorporated into education in order to advance teaching and learning. It is often referred to as e-learning, digital learning, or technology enhanced learning (TEL). The future of education through technology and digital gadgets lies in digital education. The advantages of digital education for pupils include specialised course learning at a lower cost. Additionally, since it improves employees' performance, digital education has become a crucial component of the majority of firms. Increased smartphone and internet usage, as well as increased acceptance of cutting-edge technology in digital education, all have a beneficial impact on the market's expansion. Additionally, the increased usage of AI and machine learning in digital education is boosting the market's expansion internationally. The market's expansion is, however, constrained by issues including the absence of social contacts in digital education and the high implementation costs. On the other hand, throughout the projection period, it is anticipated that the advent of a number of trends, including microlearning, gamification, adaptive learning, and mobile learning, would provide lucrative chances for the market's growth. The market is anticipated to develop as a result of the rapid use of cloud-based and mobile-based education apps. Additionally, the government's emphasis on bolstering digital infrastructure, especially establishing internet connectivity in remote places, has profoundly influenced digital education. Due to the digital revolution of the education industry and the quick uptake of digital learning across a variety of industries, it is also anticipated that the market for digital education would see increased adoption in the years to come.
Every firm and the digital education sector have changed their business operations to a remote work environment as a result of the COVID-19 impact. People were also compelled to stay inside due to severe regulations enforced by the government. Global adoption of digital education was a result of this. The digital education market benefited from the COVID-19. Additionally, the COVID-19 outbreak changed the educational sector's working model by emphasizing online working modes, which opened up a profitable market for digital education. The U.S., Italy, China, and other industrialized nations were among the first to implement online education programs and teaching techniques once the pandemic broke out, raising the potential for investment in the educational technology market. Therefore, the COVID-19 outbreak revolutionized the educational sector's working model by prioritizing online working modes, which opened up a profitable market for digital education.