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Online Program Management Market to Reach $8.21 Billion by 2027 Growing Acceptance of Online Learning is Driving Universities to Launch Online Degrees

Published On 02 Jul 2020 04:37 PM


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The potential benefits of online distance education to reach students of different age groups and at different locations has attracted multiple universities and schools to actively invest in online education programs. These educational institutes along with government agencies across various countries are encouraging students to opt for distant education courses as it is well accessible and facilitates close communication between tutor and student. Online education being the primary mode of distance education delivery, constitutes a huge growth opportunity for online program management market providers. Higher Education Statistics Agency states that high number of students from Singapore and Hong Kong are opting for full online degree programs from U.K universities as a result of promotional events organized by The British Council. Similarly, United Nations Educational, Scientific and Cultural Organization (UNESCO) along with International Council for Open and Distance Education is accessing the impact of distance education in European higher education sector on different ages of population and thus promoting online distance education. These government initiatives are anticipated to promote adoption of distance education and thus inflate the demand for online program management services. In April 2020, University of London launched two online degrees in psychology and data science. Also, Wrexham Glyndwr University announced launch of 3 online MBA programs starting from June 2019. Thus, universities are offering online courses to encourage students to take on distance education programs, which is a key factor driving the growth of online program management market.

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The recent outbreak of COVID-19 has impacted more than 1,186,161,728 students across 180 countries due to closure of educational institutes. This closure of schools and universities is anticipated to negatively impact on-campus enrollment causing a steep decline in numbers at many institutions. However, with students opting for online-based education services, there is as rising demand to be observed in the future years.  Government agencies are promoting online courses amidst this coronavirus crisis to reduce the impact on educational career of students. For instance, in March 2020 it was reported that all the vice-chancellors and school principals in India, the secretary of University Grants Commission (UGC) recommended the usage of online distance education platforms for both students and teachers. Also, universities are transforming their courses to online mode creating surge for the adoption of online program management services. For instance, Zhejiang University of China transformed 5,000 of its courses to online delivery in February 2020. Thus, digitalization strategies implemented by universities and promotional activities carried out by government bodies related to distance education are poised to create lucrative growth opportunities in global online program management market over forecast years.

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The detailed research study provides qualitative and quantitative analysis of online program management market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report:

  • The global online program management market is expected to reach US$ 8.21 Bn by 2027, growing at a CAGR of 14.5% over the forecast period owing to rise in proliferation of internet connectivity and smart devices
  • Fee-for-services revenue model is expected to witness lucrative growth opportunities in global online program management market over forecast years
  • Based on the institution size large institutes dominated global online program management market in 2018 owing to high investment capacity and brand value among the students opting for online educational services
  • North America held the highest market share in global online program management market in 2018 owing to the presence of renowned education institutes and majority of online program management service providers.
  • Some of the players operating in online program management market are 2U, Academic Partnerships, All Campus LLC., Apollidon, Bisk, Blackboard Inc., Grand Canyon Education, Helix Education, HotChalk, Inc., iDesignEDU, LLC, Keypath Education, Noodle Partners, Inc., Pearson, Six Red Marbles and Wiley Education Services amongst others.

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Global Online Program Management Market:

  • By Revenue Model
    • Full-Service Revenue-Share Model
    • Fee-for-Services Model
  • By Institution Size
    • Small and Medium Institutes
    • Large Institutes
  • By Application
    • Student Recruitment and Enrollment
    • Marketing and Brand Management
    • Student Retention
    • IT Helpdesk
    • Alumni Engagement
    • Others
  • By Degree Type
    • Undergraduate
    • Post-Graduate
    • Diploma
    • Others
  • By Region
    • North America
      • U.S
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • France
      • The UK
      • Spain
      • Germany
      • Italy
      • Nordic Countries
        • Denmark
        • Finland
        • Iceland
        • Sweden
        • Norway
      • Benelux Union
        • Belgium
        • The Netherlands
        • Luxembourg
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • New Zealand
      • Australia
      • South Korea
      • Southeast Asia
        • Indonesia
        • Thailand
        • Malaysia
        • Singapore
        • Rest of Southeast Asia
    • Rest of Asia Pacific
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Egypt
      • Kuwait
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America 

 

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Press Release Provided By: Online Program Management, Online Program Management Market, Online Program Management Market resear