August 24, 2022 15:50 ET | Source: Straits Research Straits Research
New York, United States, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Online education imparts knowledge to students via electronic means, such as videos, audio, e-books, AR/VR, or any other electronic means. Online education provides students with numerous advantages, including a low cost of education and specialized course learning. Moreover, e-learning has become integral to most organizations because it improves employee performance.
The rise in remote learning during the pandemic and demand for low-cost, convenient learning systems contribute positively to market expansion. In addition, the increasing use of AI and machine learning in e-learning systems contributes to the market's global development. However, factors such as the absence of face-to-face interactions in e-learning systems and the requirement for greater self-motivation restrain the expansion of the e-learning market. It is anticipated that several emerging trends, including microlearning, gamification, and adaptive learning, will present lucrative opportunities for the market's expansion.
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Internet Adoption and Growing Demand for Online Learning Drives the Global Market
Internet penetration has exploded as technology and infrastructure have developed worldwide, allowing individuals and businesses to reach new heights. The education industry has outgrown other sectors in the digital disruption by offering distance learning courses to all ages. Many students use online education technologies to fulfill their educational needs without leaving their homes, offices, or cities, which are cost-effective and a great online tool contributing to the growth of the online education market.
Development of skills and increased employment opportunities are the primary forces behind expanding the market for online education. Students emphasize developing their skills to advance their careers and add depth to their knowledge. As a result, it is anticipated that the growth of the online education market will be fueled by the increased adoption of skill development through online certifications on digitized platforms, particularly in tier 1 cities.
Integrating Artificial Intelligence and Machine Learning in Online Education Creates Tremendous Opportunities
AI and machine learning have increased on e-learning platforms because they allow for the customization of content based on each student's prior knowledge. AI and ML can quickly analyze large amounts of data and identify patterns and trends to optimize and improve learning experiences. It simplifies, accelerates, and increases course adaptability without sacrificing quality. Automatic translation and localization have improved eLearning development. Multilingual content can be developed for multinational corporations with branches in various nations or the increasingly common occurrence of multinational corporations working with remote teams who speak different languages.
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North America will dominate the global online education market during the forecast period. The main reason is the presence of a well-established infrastructure and a highly skilled labor force.
Asia-Pacific will emerge as the second dominating region in the global online education market during the forecast period. The factors responsible for the growth of the Asian-Pacific market will be the increasing usage of the internet and the rising adoption of smartphones.
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The global online education market’s major key players are
Global Online Education Market: Segmentation
Table of Content and Figure @ https://straitsresearch.com/report/online-education-market/toc
This is Why Online Education is Better Than the Offline Model
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