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The digital education industry is witnessing usage of Artificial Intelligence (AI) and Machine Learning (ML) technologies. AI-powered tools and platforms are now personalizing learning, checking student performance, and giving real-time feedback. These technologies find learning gaps and suggest the right content, making education more efficient and effective. As AI and ML keep improving, they will play a key role in the future of digital education, improving student results.
The rise of Massive Open Online Courses (MOOCs) has been a major trend in the digital education market. MOOCs are online courses designed for unlimited participation and open access via the web. They are offered by many universities and educational institutions around the world, providing high-quality education to a global audience.
For instance, in June 2024, the University Grants Commission (UGC) launched two MOOCs on arctic, polar studies on the SWAYAM portal. This trend has made education accessible to anyone with an internet connection, removing geographical barriers and making education more democratic. This global reach has allowed millions of learners from diverse backgrounds to access high-quality education.
The market size of digital education reached USD 22.2 billion in 2023 and is set to register over 26% CAGR between 2024 and 2032, led by the rise in demand for personalized learning and rising investments in educational technologies.
The self-paced segment in the digital education industry is expected to reach USD 100 billion by 2032, attributed to its flexibility and convenience and technological advancements.
North America market held 39% revenue share in 2023, due to the high internet usage and increasing demand for flexible learning, and personalized content.
Blackboard Inc., BYJUs, Chegg, Coursera, Duolingo, edX, Khan Academy, Pearson, Pluralsight LLC, and Udemy.