Online Education & Training in the UK - Industry Market Research Report

Slower uptake: Revenue growth is forecast to slow in 2022-23 following its pandemic-induced surge

Over the five years through 2022-23, industry revenue is expected to increase at a compound annual rate of 3.1% to reach £4 billion. The numerous benefits of online education and training, such as reduced learning and development costs, time savings and flexibility and promotion of continuous development, have spurred demand over the period. Recognising its advantages, the government has implemented a series of measures to hasten the uptake of educational technology by investing in improving household internet connections across the UK. Additionally, the rise in student number has supported demand for additional training courses for those looking to boost their grades. Operators in this industry provide electronically supported learning systems. The industry offers digital education and training through synchronous and asynchronous methods. Synchronous methods include text chat, voice calling, video calling and live streaming. Asynchronous practices include digital curriculum material, email communication, discussion boards and social networks. This industry includes digital learning ventures through human and non-human interactions. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.