Just before the global epidemic spread, online education was known as a fast-growing market. The growth of the internet is now an important factor for business growth across several regions of the world. Additional technological developments, such as cloud-based solutions and massive investment by leading market players, are also critical to market developments in improving the security and reliability of cloud-based educational platforms. The online educational system, by the end-user category, consists of K-12 education, higher education, business and professionals, and others. The comfort provided by providers of online training services has generated high demand in recent years. But online training offers students a more customized learning experience in which they can learn from anywhere at their speed, provided they have internet connections.
The global online education market is expected to experience a CAGR of 9.23% over the forecast period to reach a total market size of USD 319.167 billion in 2025, rising from USD 187.877 billion in 2019, according to Research and Markets. Some online web portals are Color Star Technology Ltd, Chegg, Inc., Perdoceo Education Corporation, K12 Inc., New Oriental Education & Technology Group Inc.
In an era of pandemics, online learning has now become a key component of daily life for millions of students. Top-level colleges are provided with complete courses online. Apart from the university arena, there are several other providers, such as Skillshare, Lynda, Udemy, Coursera and Udacity, which offer different courses and other unique online education formats.
Chegg, Inc said that a definite agreement has been reached on the acquisition of Thinkful, a technical training network that provides education to students in all parts of America. Over the next six months after graduation, 85% of conscientious students will be employed in their field of study.
Dan Rosensweig, CEO of Chegg, said that, Chegg will continue to broaden its offerings with the upcoming addition of Thinkful to the platform which will make it easier for students to accelerate their progress from learning to earning. Students are constantly looking to develop their job prospects, soon afterward by acquiring the most suitable skills. Bringing considered courses to the suite of Chegg Learning Services would allow students to obtain high-quality, high-demand jobs at affordable prices for the most rapidly increasing categories.
K12 Inc has announced that online private school is now more accessible for the 2020-2021 school year as K12 Private Academy offers a 10 % discount on schooling to families.
Leslie Smith, Head of School, said that They are pleased to continue with their mission in the coming school year to offer quality, online private school education to more families. K12 Private Academy seeks to give families the ability to pursue an innovative learning experience and to ensure that every student has the opportunity to attend a school that will help them succeed.
New Oriental Education & Technology Group Inc a provider of Chinese private education programs focused on system numbers and overall student enrolment. New Oriental offers a wide range of educational programs, facilities and goods, consisting mainly of language and learning, elementary and secondary schools, online education, software development and delivery, overseas study advisory services, pre-school and study trips. The company offers language and access test training in the United States, the People’s Republic of China and the Commonwealth for students and secondary school tutoring to obtain better results in high school or higher education entrance exams as well as in higher education institutions. The organization offers courses on language preparation.
Perdoceo Education Corporation primarily provide online post-secondary education to a wide range of students. Todd Nelson, President and Chief Executive Officer said that, the COVID-19 pandemic creates a unique social challenge, and the safety of students, staff and communities is a top priority. They have used technologies and processes to transfer students and staff to remote areas in order to fulfill their responsibilities and duties to support students there. The pandemic has not significantly changed the performance of operations to date, but it closely monitors the situation and insists on the development of a sustainable and responsible development plan.
These online educational platforms are helping millions of students all over the world to stay focused to their dreams during the pandemic.
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