Statista Research Reports Growth for the Online Education Industry

Statista provides large amounts of global research data to help businesses identify market trends and potential business opportunities. Based on their Worldwide Research in the Online Learning Category, as of June 2022, the projections are good for Online Learning Platforms through 2027! So, if you are interested in entering the Online Education market, this may be a very good time.

For those who are data nerds like me, here are some statistics to support the continuing growth trend for eLearning revenue.

According to Statista, revenue in the Online Education category is projected to grow to $146.9 billion in 2022 worldwide and have a revenue annual growth rate of 10.17 percent for a projected market value of $238.40 billion by 2027.  Research firm Mobile Market Insights (MMI) projects in their April 2022 article, Key Developments in the Global eLearning Market for 2022 and Beyond, that the global eLearning market could grow to $1 trillion by 2027.

Stastista's report covers either self-paced or instructor led online training provided through Online University Education, and Professional Certification. It also includes Online Learning Platform courses and credentials such as Coursera, Udemy, Babbel.

In their research, Statista excludes Learning Management Systems, Virtual Learning Environments and Exclusively B2B Companies from the Online Learning Category. This may explain the difference in projected 2027 market revenue from MMI which may use a broader eLearning definition.

According to Statista, the United States leads the revenue growth, which is projected by them to reach $61.3 billion by 2027. That is a revenue increase in the United States of 18.8 percent for 2022 alone.

Of the total revenue in the United States, Online University Education is projected to have the highest projected market volume of $57.38 billion in 2022. However, the number of Online Learning Platform users, and market penetration are projected to grow significantly more than for Online University Education and than Professional Certifications through 2027. That is awesome news for those in the eLearning platform business, like MobiFirst Academy.

United States revenue for Online Education is expected to grow an average 14.81 percent annually from 2022 to 2027, increasing the projected market volume to $122.30 billion by 2027. Not bad, if you are thinking about entering this market.

According to Statista, the United States average revenue per user in the Online Education category is projected to be $1,360 for 2022. Again, good numbers for those considering entering the OnLine Education Market.

Statista reports there are opportunities in other countries as well. After the United States, based on revenue, the top countries in order are China, United Kingdom, India and Canada.

MobiFirst Academy is a division of a U.S.-based company with robust internet marketing capabilities giving our customers a solid platform with a global edge. Consider marketing Academy to new global communities as a MobiFirst Academy White Label Member. From the numbers, it looks like it could be a good time!