Market Definition
Digital education involves using various technologies, tools, & applications during teaching & learning, i.e., beneficial for both students & educators. It is an advanced form of teaching students, wherein teachers can make learning flexible & an overall fun experience. On the other hand, students can attend sessions anywhere & anytime as per their preferences, which, in turn, boosts their productivity.
With digital education being implemented increasingly among schools & colleges, classes or lectures are well-carried out through various seamless video conferencing applications. The growth prospects for digital education solution providers in the nearer future are lucrative as more and more educational institutes are implementing these advanced e-learning solutions.
Market Insights
The Asia-Pacific Digital Education Market is projected to grow at a CAGR of around 16.20% during the forecast period, i.e., 2022-27. The growth of the market would be driven primarily by the exponentially rising population with a majority of youth prioritizing education, coupled with the mounting government focus on expanding the educational infrastructure and the rapid digital transformation across different industries operating in Asia-Pacific.
Report Coverage | Details |
---|---|
Study Period | Historical Data: 2017-20 |
Base Year: 2021 | |
Forecast Period: 2022-27 | |
CAGR (2022-2027) | 16.20% |
Country Covered | India, China, Japan, South Korea, Australia |
Key Companies Profiled | Jigsaw Academy, Intellipaat, Edureka, Linkstreet, XuetangX, EDX, Tal Education, 3P Learning, Think & Learn |
Unit Denominations | USD Million/Billion |
Besides, with the mounting adoption of smart devices like mobile phones, laptops, desktops, & tablets, among others, and the surging internet penetration, more and more learners are inclining toward digital platforms for educational purposes. Additionally, the growing public awareness about the convenience & ease of learning new subjects & courses through online mediums, i.e., encouraging digital education solution providers to introduce an extensive range of e-learning tools & applications, further projects remunerative opportunities for the market over the coming years.
Moreover, more & more universities & institutions are rapidly making digital transformations to expand their student base & provide next-level education. As a result, numerous courses, mentors, & teachers are easily available & accessible from across different countries.
Furthermore, the integration of cutting-edge technologies like Augmented Reality (AR) into various e-learning tools to provide better sound effects & graphics for students to attain better learning & maximize their capabilities is another prominent aspect projected to drive the Asia-Pacific Digital Education Market over the forecast years.
Impact of Covid-19 on the Asia-Pacific Digital Education Market
While the advent of Covid-19 in 2020 catastrophically impacted most businesses, the Asia-Pacific Digital Education Market witnessed lucrative growth prospects amidst the crisis. With the imposition of lockdowns & stringent movement restrictions and the suspension of public gatherings, most schools, colleges, & other educational institutions made a paradigm shift to digital platforms in order to continue providing learning to students, which, as a result, introduced various e-learning platforms across Asia-Pacific.
Besides, as the durations for lockdowns were uncertain, many students showcased a keen interest in learning new courses and developing skills through these digital education platforms, which resulted in a swift expansion of the digital education market amidst the crisis. Furthermore, while the pandemic situation has improved since 2021 and enabled the governments to uplift the restrictions, digital education solutions are still gaining significant traction, and the same trend is expected in the future, which indicates a pool of growth opportunities for the market through 2027.
Market Segmentation
Based on the Course Type:
Self-Learning digital education solutions are anticipated to dominate the Asia-Pacific Digital Education Market with the largest share during 2022-27, principally due to their benefits like the ease of learning without pressure & distractions, creating own schedule, and limiting the expense of instructors.
These platforms are becoming increasingly popular among people of all age groups & different educational backgrounds, thereby helping them develop new skills & expand their capabilities in multiple fields. Besides, the easy access to courses with adequate & interactive explanations, notes, theories, & exercises, among others, are other notable benefits of self-learning digital education solutions driving their demand across several educational institutes in Asia-Pacific.
On the other hand, instructor-based digital learning solutions are anticipated to witness a fast growth pace in the market over the forecast years. It owes to the classroom-like atmosphere on digital platforms offered to the learners with the benefits like instant resolutions to doubts & queries, proper explanations, presentations, discussions, activities, demonstrations, etc.
Besides, a sense of satisfaction in learning courses through designated teachers is another prominent aspect driving the demand for instructor-based digital education platforms across various countries in Asia-Pacific. Although these solutions are way more expensive than self-learning courses, the availability of numerous techniques like exercises, games, & role-playing to improve the overall learning experience is fueling their demand & augmenting the overall market growth.
Based on the End-User:
Here, academic institutions are projected to contribute significantly to the digital education market growth. These institutes can greatly improve the effectiveness of their courses by facilitating digital learning through virtual classrooms and save the time of administrators, teachers, & students. Furthermore, digital education solutions also allow academic institutions to access live & recorded lectures, making the entire learning process more efficient & interactive. Moreover, governments & many private sector firms of different countries across Asia-Pacific are massively investing in expanding the educational infrastructure and promoting the use of digital education solutions, thereby driving the market through 2027.
Country Landscape
Geographically, the Asia-Pacific Digital Education Market expands across:
Of all countries, China & India lead the Digital Education Market in Asia-Pacific, owing to the active participation of governments in expanding the educational infrastructure through massive investments in bringing technological advancements in e-learning solutions. Moreover, the rapidly growing penetration of smartphones & the internet also projects the extensive adoption of digital education solutions across these countries in the future.
On the other hand, Australia & South Korea are also making active efforts to expand their respective educational sectors while offering an extensive range of courses to students through online platforms and, in turn, propelling the overall market growth.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Asia-Pacific Digital Education Market is projected to grow at a CAGR of around 16.20% during 2022-27.
A. The growing awareness among people about the benefits of e-learning solutions like anywhere & anytime learning, cost-effectiveness, quicker deliveries of courses, etc., through technologically advanced applications & tools, is projected to drive the Asia-Pacific Digital Education Market through 2027.
A. Academic institutions are anticipated to emerge as an area of remunerative opportunities for the leading players in the Asia-Pacific Digital Education Market over the forecast years.