Over the last decade, online education has grown in popularity.
According to StockApps.com, the online education business is expected to generate $148.57 billion in 2022, since the industry has grown in prominence over the previous decade.
Furthermore, the industry is on the right track and is predicted to rise by 10.8% year over year by 2022.
According to statistics obtained by the Ghana News Agency from Statista, the online education market is predicted to develop at a pace of 10.68 percent year between 2022 and 2026.
In 2017, the industry was only valued $65.61 billion dollars. As previously indicated, yearly revenues are estimated to reach $148.57 billion in 2022.
The sector is predicted to rise by 126.4 percent in five years.
The rate of growth does not look to be slowing in the next years.
The sector is predicted to generate $168.03 billion in sales in 2023, representing a 13.1 percent increase year over year. Annual revenues are estimated to reach $222.99 billion by 2026.
When comparing 2017 revenues to 2026 revenues, there will be a 240 percent rise. As a result, the e-learning business is expected to more than treble in revenue over the next ten years.
Online university education, online learning platforms, and professional credentials are the mainstays of the e-learning industry.
The majority of the industry's revenue comes from online university education, with professional credentials making up the rest. is really small. Online university education will generate $86.63 billion in sales by 2022, accounting for 58 percent of the total sector revenue.
Online learning platforms will generate $57.25 billion in sales, accounting for 38.5 percent of total income. Professional certifications account for the remaining percentage.
By 2026, online university education will account for 68 percent of all university education, while online platforms will account for 28 percent.
Currently, the United States is the obvious leader in the field of online education. In 2022, the US market will generate $62.3 billion in sales.
The second-largest market, China, is expected to earn $46.9 billion in sales. With a projected $8.1 billion, the United Kingdom is in third place.
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