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

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)