Online Education - Argentina

Argentina

Highlights

Revenue in the Online Education market is projected to reach US$21.15m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 97.95%, resulting in a projected market volume of US$324.80m by 2028.
The Online Learning Platform market has a projected market volume of US$10.92m in 2024.
In global comparison, most revenue will be generated United States (US$87.51bn in 2024).
The average revenue per user (ARPU) in the Online Education market is projected to amount to US$4.66 in 2024.
In the Online Education market, the number of users is expected to amount to 5.7m users by 2028.
User penetration in the Online Education market will be at 9.7% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Education market in Argentina has been experiencing significant growth in recent years.

Customer preferences: The increasing popularity of online education can be attributed to several customer preferences. Firstly, online education offers convenience and flexibility, allowing students to access courses and materials at their own pace and from any location. This is particularly appealing to working professionals and individuals with busy schedules. Secondly, online education provides a wide range of course options, allowing students to choose from a variety of subjects and programs. This flexibility enables individuals to tailor their education to their specific needs and interests. Lastly, online education often offers cost savings compared to traditional in-person education, making it an attractive option for individuals seeking affordable education opportunities.

Trends in the market: One of the key trends in the online education market in Argentina is the increasing adoption of Massive Open Online Courses (MOOCs). MOOCs are online courses that are open to anyone and typically offered by prestigious universities and institutions. These courses are often free or available at a significantly lower cost than traditional education options. The accessibility and affordability of MOOCs have made them popular among a wide range of individuals in Argentina, including students, professionals, and lifelong learners. Another trend in the market is the growing demand for online language courses. Argentina is a country with a strong emphasis on language learning, and many individuals are seeking to improve their language skills for personal or professional reasons. Online language courses provide a convenient and effective way for individuals to learn a new language or enhance their existing language skills. The availability of interactive platforms and virtual classrooms has made online language learning a popular choice among language learners in Argentina.

Local special circumstances: One of the factors contributing to the growth of the online education market in Argentina is the limited availability of quality education options in certain regions of the country. Argentina is a geographically diverse country, and access to education can be challenging in remote or rural areas. Online education provides a solution to this problem by allowing individuals in these areas to access educational resources and courses without the need to travel to a physical location. This has led to an increased demand for online education in these regions.

Underlying macroeconomic factors: The growth of the online education market in Argentina is also influenced by macroeconomic factors. The country has faced economic challenges in recent years, including high inflation and a volatile currency. These factors have led to a decrease in purchasing power and affordability of traditional education options for many individuals. Online education, with its lower costs and flexible payment options, has become an attractive alternative for individuals seeking to pursue education in a more affordable manner. Additionally, the increasing availability of internet access and technological advancements in Argentina have further facilitated the growth of the online education market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.