Published on: May 2022
E-learning versus Traditional learning. Why are the consumers changing teams?
The worldwide digital education market was worth USD 9.35 billion in 2020, and it is predicted to increase at a 30.5 percent compound annual growth rate (CAGR) between 2021 and 2028. Digital education is defined as an innovative technique of incorporating digital technology and tools into the teaching and learning process, and is also known as Technology Enhanced Learning (TEL) or elearning. Blended and online learning are two significant features of digital education. Blended learning is defined as a blend of online educational materials and possibilities with conventional brick-and-mortar schools, in which both the teacher and the student must be physically present. Traditional face-to-face classroom activities, on the other hand, are conducted in the presence of computer-mediated content and delivery operations.
Global consumer insights that clarifies the path to a better understanding of the market
In 2020, the academic institutions and individuals sector dominated the market, accounting for more than 80% of global sales. Individuals, academic institutions, and businesses are the two types of end-users in the market. If they include digital education as one of their services, it gives them an advantage over other academic institutions. The limits enforced during the epidemic harmed institutes that were solely working offline; those who saw this as an opportunity and began offering online services will naturally rise over the rest. Adoption of the digital medium is a question of survival for businesses. Customers' expectations are constantly changing, and businesses must adapt to meet them. In addition, expectations have changed dramatically in the aftermath of the pandemic. As a result, businesses' capacity to meet these expectations and adapt to the new operating environment will be vital to their long-term success.
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