Online Education
English-Speaking Countries Dominate Online Universities
Online universities around the world are expected to bring in more than $86 billion in 2022, according to the Statista Digital Market Outlook. The steep growth of the segment is expected to render revenues of more than $152 billion as soon as 2026. Online university education is the largest segment of the online education market, making up around 68 percent of it.
The top 4 markets for online universities are United States, the United Kingdom, Canada and Australia - English-speaking countries. These markets play the largest role because of the high number of international students looking for a degree in this language. The U.S. is by far the most popular destination for studying abroad - online or in person - capturing about one in five international university students.
According to Holon IQ and the Wittgenstein Centre, the biggest growth of students in post-secondary education will come from Asia and Africa until 2050. According to the source, many of these future students are looking for English-language degrees considered more prestigious, which they can access by studying abroad or via an online degree.
Description
This chart shows the revenue of online university education worldwide, by country (in billion U.S. dollars).
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