Online education becomes a fast-growing market as many stay home

PR Newswire | July 10, 2020

Online education was considered a fast-growing market even before the pandemic spread around the globe. Now, the increasing penetration of internet in many regions across the globe is a major factor driving the market growth. Furthermore, other technological advancements, such as cloud-based solutions coupled with huge investments by major market players towards enhancing the security and reliability of cloud based education platforms also play a major role in the market development. By end user segment, the online education market is comprised of K-12 education, higher education, industry and professionals, and others. Of course, it is the comfort that online education service providers offer that caused the high demand in recent years. However, online education also often provides a more personalized learning experience where students can learn at their own pace, from anywhere, as long as they have an internet connection. And, according to Research and Markets, the global online education market is projected to witness a CAGR of 9.23% during the forecast period to reach a total market size of USD 319.167 Billion in 2025, increasing from USD 187.877 Billion in 2019. Color Star Technology Co., Ltd. (NASDAQ: HHT), Chegg, Inc. (NYSE: CHGG), Perdoceo Education Corporation (NASDAQ: PRDO), K12 Inc. (NYSE: LRN), New Oriental Education & Technology Group Inc. (NYSE: EDU)

Spotlight

To achieve your organizational goals, training is an important factor. And with employees today having demanding schedules and decreasing attention spans, you need to develop remarkable and highly effective eLearning courses.How can you develop such engaging online courses? Well, look no further. This infographic shares a few handy tips aimed at helping you develop the perfect eLearning course.

Spotlight

To achieve your organizational goals, training is an important factor. And with employees today having demanding schedules and decreasing attention spans, you need to develop remarkable and highly effective eLearning courses.How can you develop such engaging online courses? Well, look no further. This infographic shares a few handy tips aimed at helping you develop the perfect eLearning course.

Related News

EDUCATION TECHNOLOGY,CORPORATE LEARNING SYSTEMS

SimpliLearn to Launch Free Digital Skilling Programs in Commonwealth Countries

The Tandym Group | June 28, 2022

A global provider of digital skills training, Simplilearn, recently established a partnership with the Commonwealth nations to offer free digital upskilling courses to students. 10,000 students will have free access to Simplilearn's $5 million in digital upskilling programs. Through the collaboration, Simplilearn's classes will assist students in the Caribbean, Africa, and Pacific to upgrade their knowledge of the digital economy, and each graduate will receive a certificate of completion. To provide upskilling opportunities to as many learners as possible, Simplilearn has previously cooperated with Government bodies of several nations in their national digital skilling programmes. "The world is becoming increasingly digitized, and hence there is a massive demand for professionals to upskill themselves in the latest digital skills to flourish in the field. Simplilearn through its SkillUp platform will provide free programs to 10,000 learners in the regions ofCaribbean, African and Pacific. We see this as an opportunity to extend our support to the Commonwealth countries by improving access to high-quality upskilling in the region. We look forward to working with them towards boosting the prosperity of the nations." - Mr.Krishna Kumar, Founder & CEO, Simplilearn The need for youth skilling was also identified, and Mr. Krishna Kumar thanked the Commonwealth Secretary General for her leadership in identifying youth as a crucial resource for the Commonwealth countries as part of their ongoing collaborative action research with Cambridge University's Center for Resilience and Sustainable Development. Simplilearn previously collaborated with nations including Saudi Arabia, Oman, South Africa, Lebanon, Jordan, and Singapore for boot camps on technology, artificial intelligence, and data. More than half of Simplilearn's revenue comes from its international activities. Today, Simplilearn has assisted more than one million professionals in 150 countries in upskilling and preparing for the digital future. Simplilearn has maintained its leadership position in the field of digital skilling for learners, corporations, and companies. To offer digital skills training programs, the company has teamed with a number of IT powerhouses in foreign countries, including Deviare in South Africa, Gulf Business Machines in the Middle East, and the ILX Group in the United Kingdom, among others.

Read More

EDUCATION TECHNOLOGY

EdTech Unicorn EEO Joins Hands with Peking University -- Redesigning learning experiences for the new digital-forward model of education

EEO | July 08, 2022

In July, 2022, with the support of EEO's hybrid technologies, Peking University successfully concluded the first academic year of its Global Open Courses Program in partnership with a list of distinguished institutions, including Tokyo University, Nanyang Technology University, Moscow State University, Waseda University, University of Granada, Osaka University, Ritsumeikan University, Chulalongkorn University, Cornell University, and Cairo University. EEO was founded in 2014 with the purpose of building an inclusive and student-centered learning ecosystem through the power of technology. Since 2019, EEO and Peking University joined hands to collaborate on digitizing physical learning environments, constructing specialized archeology classrooms, and adopting hybrid learning methods. It is a nonstop journey for EEO and Peking University to explore how to better motivate students and support educators in experimental teaching strategies. The project of Global Open Courses Program focuses on how hybrid learning gives rise to an enriched learning experience and expands learning communities. Hybrid learning, a method that incorporates hybrid technologies and open educational practices, has witnessed increasing adoption in K12 and higher ed institutions globally. Teaching Economics as part of the Global Open Courses Program, Professor Huang Yiping successfully engaged students in the classroom and those joining virtually with group discussions and activities. "Our professor came up with eight topics for discussion, encouraging us to form groups with students overseas. And we have been keeping in close touch with students online as well." Li Yipin, a student in Professor Huang's class, reported. For many, the program's hybrid courses placed vast learning resources within reach. With abundant course offerings, students had extensive opportunities to explore emerging topics with a cohort coming from diverse background. The platform of choice, ClassIn, is an all-in-one solution for online and hybrid learning with interactive virtual classrooms, a school management backend system, student learning reports, and more. Currently under internal testing, the product will support more innovative teaching methods by transforming into an LMS, a platform that caters to each step of the learning process in addition to the already powerful synchronous in-class interaction. It is evident that EEO's product family is designed with the consideration of scientific methods, masterful teaching, and lifelong learning. ClassIn, one of the first online classrooms in the world, was released in 2015. Building on feedback from educators and in-depth research, EEO released ClassIn X, a new hybrid solution for the new era. The company is also in the process of developing TeacherIn, a curriculum co-construction platform. It helps teachers find like-minded partners, with whom they can design and share lessons. As of now, EEO has partnered with more than 60,000 institutions around the globe and expressed great passion to collaborate with international educators and institutions, sparking the creativity of teachers and creating innovative learning experiences for students.

Read More

EDUCATION TECHNOLOGY

HVL Launches Cohort Based Coaching and Online Community Platform, AppThink

HVL | June 07, 2022

HVL, the venture studio founded by experiences B2B and SaaS experts, has announced the launch of its newest cohort based coaching and online community platform, AppThink. "Our startup ecosystem is growing in vibrancy. On-ramps that equip first-time founders are more necessary now than ever. Naturally, more people in our community are curious about starting software and tech-enabled businesses. AppThink exists to harness that curiosity by guiding aspiring founders through the fundamentals of making the right decisions early. This includes understanding how to validate an idea and bring it to market with confidence. As an early-stage venture, AppThink is uniquely positioned to "build-in-public" and model the virtuous cycle of ideation, testing, and iteration for our cohort members." - Kellie Clark, CEO of AppThink AppThink offers a cohort-oriented learning platform with live online work sessions and a self-paced curriculum. Aspiring founders will be taught the foundation of identifying consumers, testing business assumptions, and exploring options to create an MVP without coding. "I'm excited to see what's in store for the aspiring founders who engage AppThink. AppThink's curriculum and approach adds value to early-stage founders individually, but it is also poised to contribute immense value to the energy and growth of our tech ecosystem." - Shegun Otulana, Founder of HVL

Read More