The marketplace for Distance Education Programs
The marketplace for distance education programs is split into three segments namely K-12 Learning, Greater Education Learning and company Learning. It ought to be obvious that “distance education” in the current practice includes online learning, eLearning, flexible learning and blended learning. This Year, the marketplace for distance education is believed by analysts to become at US$90 billion. It’s forecasted that it’ll achieve US$220 billion by 2017 where the equivalent share of the market from the three segments would become: K12: 27%, Greater Education: 58%, Corporate: 15%.
Within the Greater Education segment, online classes are mostly provided by top online universities across the world. Outdoors College working in london, among the pioneers in learning online, is presently among the largest providers of distance education programs to both local and worldwide students in Europe. Within the U . s . States, the Harvard Extension School and also the College of Phoenix are recognized for offering an array of learning online programs. These programs are delivered by means of video, live web conference, and hybrid (mixture of on-campus and online delivery models). At the moment, U.S. and Europe markets account in excess of 70% from the global distance education industry.
Worldwide Growth Trends
Research firms are positive about the way forward for distance education. You will find predictions that by 2019, up to 50 % of classes worldwide is going to be delivered on the internet. The rapid rise from the internet technology and also the on-going academic revolutions are positive signs the global marketplace for distance education programs continuously expand. Actually, this predicted growth is apparent on the market survey conducted by Study Portals in 2013. According to their survey from the global interest in learning online, all of the seven continents is showing curiosity about adopting distance education programs for their education systems. Considerably, Europe has got the greatest interest, with 45%, adopted by Asia and Africa with 25% and 13%, correspondingly.
In Asia, the adoption of learning online programs continues to be significant in India, China, Pakistan, Columbia and Malaysia during the last couple of years. The marketplace size distance education in India alone was worth US$20 billion in 2014. China’s online education market revenue was reported to achieve roughly US$13 billion in 2013. With the existence of online colleges and universities which are offering online courses with affordable tuition charges in the area, Asia can also be being a popular study destination of numerous worldwide students.
Probably the most distinguished online universities supplying distance education programs in Asia would be the Open College of China (OUC), Korea National Open College (KNOU), Open College of Malaysia (OUM), Allama Iqbal Open College (AIOU), ASEAN Cyber College, Asia e College, Indira Gandhi Open College (IGNOU), Indonesia Open College and College from the Philippines Open College (UPOU).
For a lot of analysts, the marketplace for distance education programs continues to be in the development stage within the African region. Within the last 2 decades, learning online programs are trained mainly in the fundamental education levels. In spite of the growing quantity of private and public institutions offering distance education programs, the present information and communication technologies are still inadequate to satisfy the large and fast-growing interest in learning online in Africa.
Within the greater education sector, the 3 well-known online universities offering distance education programs in Africa would be the College of Nigeria (UNISA), African Virtual College, and National Open College of Nigeria (NOUN). This Year, Hanover Research believed that under 45% of student in Africa are signed up for greater education. However with the appearance of more virtual campuses, a substantial rise in tertiary enrolments was observed in the area within the subsequent years. Along with the on-going collaborative efforts of local and worldwide agencies particularly the South Africa’s Council on Greater Education, African Council for Learning Online (ACDE), UNESCO and national governments across Africa, analysts are positive that the marketplace for distance education programs in the area can deal using the demand within the a long time.
On the bigger scale, learning online programs now play a substantial role in improving the caliber of education systems of numerous countries around the world. With the development of Massive Open Online Courses (MOOCs) this year, more online universities, eLearning schools, distance education providers, and top universites and colleges were seen for this dynamic education market. The U . s . States, United kingdom, China, India, Columbia, Malaysia, Australia and Africa are among from the nations which are now leading the means by learning online. Enrolments in online courses during these countries are growing. Today, it’s believed there are around 19 million students signed up for online courses in greater education institutions worldwide.