Online Higher Education Market Size to Grow by USD 33.35 Billion in the US: Collaborations between Enterprises and Educational Institutions to Boost Growth | Increased Use of Wearable Gadgets to be Upcoming Trend

NEW YORK, March 17, 2022 /PRNewswire/ -- The Online Higher Education Market Share in US is expected to increase by USD 33.35 billion from 2021 to 2026, with an accelerated CAGR of 19.82%- according to the recent market study by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

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Online Higher Education Market in US Facts at a Glance-

• Total Pages: 120
• Companies: 10+ – Including American Public Education Inc., Adtalem Global Education Inc., Apollo Education Group Inc., Graham Holdings Co., Grand Canyon Education Inc., ITT Educational Services Inc., LINCOLN EDUCATIONAL SERVICES Corp., Perdoceo Education Corp., Strategic Education Inc., and Zovio Inc. among others
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
• Segments: Subjects (commerce and management, STEM, Arts, and others) and Courses (non-degree courses and degree courses)

Vendor Insights-
The online higher education market in the US is fragmented and the vendors are deploying growth strategies such as extensive product development and enhancing their courses by adding programs related to business, science, arts, as well as mobile learning and microlearning modules to compete in the market.

• American Public Education Inc.- The company offers solutions for online higher education that focuses on training and degrees that help provide pathways to employment and career advancement. It is a public company that is headquartered in the US. It is a global company that generated a revenue of $321.79 million and had around 2940 employees. Its revenue from the online higher education market in the US contributes to its overall revenues, along with its other offerings, but is not a key revenue stream for the company.

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Latest Drivers & Trends of the Market-

• Online Higher Education Market in US Driver:
• Collaborations between enterprises and educational institutions:
  The collaborations between enterprises and educational institutions is one of the key drivers supporting the online higher education market growth in the US. Although such collaborations can take numerous forms, the most common are training, partnerships, or R&D partnerships. For instance, IBM-Charlotte was designed by the University of North Carolina-Charlotte (UNC-Charlotte) and IBM with the aim of enhancing the university's technical vitality, expanding its local personnel resource bank, and ultimately offering IBM's technical communicators a way of earning degrees in their field of work. For UNC-Charlotte, the relationship with IBM gave its developing Technical Communication program community support and visibility and simultaneously provided faculty with research opportunities and practical experience at the workplace. Such collaborations are driving the growth of the online higher education market in the US during the forecast period.

• Online Higher Education Market in US Trend:
• Increased use of wearable gadgets:
  Technologies such as augmented reality (AR) are also changing the learning experience of participants. 3D simulations and scenarios that are developed using wearable technology devices give users a chance to learn in different learning environments. Moreover, the theoretical explanation of various concepts and step-by-step training on operations in an organization, followed by familiarizing students with on-the-floor working environments, are time-consuming. Therefore, wearable technology devices can help universities or educational institutions to engage with students directly on the floor. This reduces the duration and makes students more comfortable with online learning. Thus, the affordable prices of wearable gadgets will foster their greater adoption, in turn fostering the growth of the online higher education market in the US

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Table of Contents

1. Executive Summary                           

                1.1     Market Overview            

                                Exhibit 01:  Key Finding 1

                                Exhibit 02:  Key Finding 2

                                Exhibit 03:  Key Finding 6

                                Exhibit 04:  Key Finding 7

2. Market Landscape

                2.1 Market ecosystem             

                                2.1.1 Parent Market

                                Exhibit 05 Parent market

                                Exhibit 06:  Market characteristics

                2.2 Value Chain Analysis          

                                Exhibit 07:  Value Chain Analysis: Education services

                                2.2.1    Inputs

                                2.2.2    Support activities

                                2.2.3    Innovations

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 08:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 09:  Market segments

                3.3 Market size 2021 

                3.4 Market outlook: Forecast for 2021 - 2026 

                                3.4.1Estimating growth rates for emerging and high-growth markets

                                3.4.2Estimating growth rates for mature markets

                                Exhibit 10:  Global - Market size and forecast 2021 - 2026($ million)

                                Exhibit 11:  Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 12:  Five forces analysis 2021 - 2026

                4.2 Bargaining power of buyers           

                                Exhibit 13: Bargaining power of the buyer

                4.3 Bargaining power of suppliers       

                                Exhibit 14: Bargaining power of the supplier

                4.4 Threat of new entrants    

                                Exhibit 15: Threat of new entrants

                4.5 Threat of substitutes         

                                Exhibit 16: Threat of substitutes

                4.6 Threat of rivalry   

                                Exhibit 17: Threat of rivalry

                4.7 Market condition

                                Exhibit 18: Market condition - Five forces 2021

5. Market Segmentation by Subject

                5.1 Market segments

                                Exhibit 19: Subject- Market share 2021 - 2026 (%)

                5.2 Comparison by Subject     

                                Exhibit 20:  Comparison by Subject

                5.3 Commerce and management - Market size and forecast 2021-2026               

                                Exhibit 21:  Commerce and management - Market size and forecast 2021-2026 ($ million)

                                Exhibit 22:  Commerce and management - Year-over-year growth 2021-2026 (%)

                5.4 STEM - Market size and forecast 2021-2026             

                                Exhibit 23:  STEM - Market size and forecast 2021-2026 ($ million)

                                Exhibit 24:  STEM - Year-over-year growth 2021-2026 (%)

                5.5 Arts - Market size and forecast 2021-2026 

                                Exhibit 25:  Arts - Market size and forecast 2021-2026 ($ million)

                                Exhibit 26:  Arts - Year-over-year growth 2021-2026 (%)

                5.6 Others - Market size and forecast 2020-2025           

                                Exhibit 27:  Others - Market size and forecast 2020-2025 ($ million)

                                Exhibit 28:  Others - Year-over-year growth 2020-2025 (%)

                5.7 Market opportunity by Subject     

                                Exhibit 29:  Market opportunity by Subject

6 Market Segmentation by Courses

                6.1 Market segments

                                Exhibit 30:  Courses Market share 2021-2026 (%)

                6.2 Comparison by Courses    

                                Exhibit 31:  Comparison by Courses

                6.3 Non-degree courses - Market size and forecast 2021-2026 

                                Exhibit 32:  Non-degree courses - Market size and forecast 2021-2026 ($ million)

                                Exhibit 33:  Non-degree courses- Year-over-year growth 2021-2026 (%)

                6.4 Degree courses - Market size and forecast 2021-2026          

                                Exhibit 34:  Degree courses - Market size and forecast 2021-2026 ($ thousand)

                                Exhibit 35:  Degree courses - Year-over-year growth 2021-2026 (%)

                6.5 Market opportunity by Courses    

                                Exhibit 36:  Market opportunity by Courses

7. Customer landscape                         

                                Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                7.1 Overview

                                Exhibit 37:  Customer landscape

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1    Collaborations between enterprises and educational institutions

                                8.1.2    Increasing penetration of smartphones and tablets

                                8.1.3    Rising adoption of cloud computing

                8.2 Market challenges              

                                8.2.1    Designing e-learning courses

                                8.2.2    Data security and privacy issues

                                8.2.3    Lack of technological literacy

                                Exhibit 38:  Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1Increased use of wearable gadgets

                                8.3.2    Adoption of cloud-based technologies

                                8.3.3    Awareness of nanodegrees or micro-credentials

9. Vendor Landscape                             

                9.1 Overview

                                Exhibit 39:  Vendor landscape

                9.2 Landscape disruption        

                                Exhibit 40:  Landscape disruption

                                Exhibit 41: Industry Risk

                9.3 Competitive Landscape    

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 42: Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 43: Market positioning of vendors

                10.3 American Public Education Inc. 

                                Exhibit 44:  American Public Education Inc. - Overview

                                Exhibit 45:  American Public Education Inc. - Business segments

                                Exhibit 46:  American Public Education Inc. - News

                                Exhibit 47:  American Public Education Inc. - Key offerings

                                Exhibit 48:  American Public Education Inc. - Segment focus

                10.4 Adtalem Global Education Inc.   

                                Exhibit 49:  Adtalem Global Education Inc. - Overview

                                Exhibit 50:  Adtalem Global Education Inc. - Business segments

                                Exhibit 51:  Adtalem Global Education Inc. - News

                                Exhibit 52:  Adtalem Global Education Inc. - Key offerings

                                Exhibit 53:  Adtalem Global Education Inc. - Segment focus

                10.5 Apollo Education Group Inc.       

                                Exhibit 54:  Apollo Education Group Inc. - Overview

                                Exhibit 55:  Apollo Education Group Inc. - Product and service

                                Exhibit 56:  Apollo Education Group Inc. - Key offerings

                10.6 Graham Holdings Co.     

                                Exhibit 57:  Graham Holdings Co. - Overview

                                Exhibit 58:  Graham Holdings Co. - Business segments

                                Exhibit 59:  Graham Holdings Co. - News

                                Exhibit 60:  Graham Holdings Co. - Key offerings

                                Exhibit 61:  Graham Holdings Co. - Segment focus

                10.7 Grand Canyon Education Inc.     

                                Exhibit 62:  Grand Canyon Education Inc. - Overview

                                Exhibit 63:  Grand Canyon Education Inc. - Product and service

                                Exhibit 64:  Grand Canyon Education Inc. - Key offerings

                10.8 ITT Educational Services Inc.       

                                Exhibit 65:  ITT Educational Services Inc. - Overview

                                Exhibit 66:  ITT Educational Services Inc. - Product and service

                                Exhibit 67:  ITT Educational Services Inc. - Key offerings

                10.9 LINCOLN EDUCATIONAL SERVICES Corp.

                                Exhibit 68:  LINCOLN EDUCATIONAL SERVICES Corp. - Overview

                                Exhibit 69:  LINCOLN EDUCATIONAL SERVICES Corp. - Business segments

                                Exhibit 70:  LINCOLN EDUCATIONAL SERVICES Corp. - Key offerings

                                Exhibit 71:  LINCOLN EDUCATIONAL SERVICES Corp. - Segment focus

                10.10                Perdoceo Education Corp.           

                                Exhibit 72:  Perdoceo Education Corp. - Overview

                                Exhibit 73:  Perdoceo Education Corp. - Business segments

                                Exhibit 74:  Perdoceo Education Corp. - Key offerings

                                Exhibit 75:  Perdoceo Education Corp. - Segment focus

                10.11                Strategic Education Inc.

                                Exhibit 76:  Strategic Education Inc. - Overview

                                Exhibit 77:  Strategic Education Inc. - Business segments

                                Exhibit 78:  Strategic Education Inc. - News

                                Exhibit 79:  Strategic Education Inc. - Key offerings

                                Exhibit 80:  Strategic Education Inc. - Segment focus

                10.12                Zovio Inc.            

                                Exhibit 81:  Zovio Inc. - Overview

                                Exhibit 82:  Zovio Inc. - Business segments

                                Exhibit 83:  Zovio Inc. - News

                                Exhibit 84:  Zovio Inc. - Key offerings

                                Exhibit 85:  Zovio Inc. - Segment focus

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 Market definition

                                11.1.2 Objectives

                                11.1.3 Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 86: Currency conversion rates for US$

                11.3 Research Methodology 

                                Exhibit 87: Research Methodology

                                Exhibit 88: Validation techniques employed for market sizing

                                Exhibit 89: Information sources

                11.4 List of abbreviations        

                                Exhibit 90: List of abbreviations

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