Online Education - Benelux

Benelux

Highlights

Revenue in the Online Education market is projected to reach US$1.21bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 7.88%, resulting in a projected market volume of US$1.63bn by 2028.
The Online University Education market has a projected market volume of US$973.90m 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$271.20 in 2024.
In the Online Education market, the number of users is expected to amount to 5.5m users by 2028.
User penetration in the Online Education market will be at 0.00 in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Education market in Benelux is experiencing significant growth and development.

Customer preferences: Customers in Benelux are increasingly turning to online education as a convenient and flexible way to learn. The demand for online courses is driven by several factors, including the desire for lifelong learning, the need for upskilling and reskilling in a rapidly changing job market, and the convenience of accessing educational content from anywhere at any time. Additionally, the COVID-19 pandemic has accelerated the adoption of online education as traditional educational institutions have shifted to remote learning models.

Trends in the market: One of the key trends in the online education market in Benelux is the increasing popularity of Massive Open Online Courses (MOOCs). MOOCs offer a wide range of courses from top universities and institutions around the world, allowing learners to access high-quality education at their own pace. The availability of MOOCs in multiple languages, including Dutch, French, and German, further enhances their appeal to the diverse population in Benelux. Another trend in the market is the rise of online vocational training and professional development courses. With the changing nature of work and the need for specialized skills, professionals in Benelux are seeking online courses that can help them acquire new skills or enhance their existing ones. Online platforms that offer certifications and credentials are particularly popular, as they provide tangible proof of skills and knowledge.

Local special circumstances: The online education market in Benelux is influenced by the region's high literacy rates and strong educational infrastructure. The Netherlands, Belgium, and Luxembourg have well-established education systems and a culture that values learning. This creates a favorable environment for the growth of online education, as people are already receptive to the idea of continuous learning and personal development. Furthermore, Benelux countries have a high level of internet penetration and access to technology, making it easier for individuals to engage in online learning. The availability of high-speed internet and widespread use of smartphones and other devices contribute to the accessibility and popularity of online education in the region.

Underlying macroeconomic factors: The strong economic performance of Benelux countries also plays a role in the development of the online education market. The region has a robust knowledge-based economy, with a focus on innovation and technology. This creates a demand for skilled professionals and a need for continuous learning and upskilling. Online education provides a cost-effective and efficient way to meet these demands, as it allows individuals to acquire new skills without the need for traditional classroom-based education. Additionally, the COVID-19 pandemic has further accelerated the growth of the online education market in Benelux. The lockdowns and social distancing measures implemented to curb the spread of the virus have forced educational institutions to adopt online learning models. This sudden shift has increased awareness and acceptance of online education among both students and professionals, leading to a surge in demand for online courses and programs. In conclusion, the online education market in Benelux is experiencing rapid growth due to customer preferences for flexible and accessible learning options, the popularity of MOOCs and vocational training courses, favorable local circumstances such as high literacy rates and strong educational infrastructure, and underlying macroeconomic factors such as the region's knowledge-based economy and the impact of the COVID-19 pandemic.

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.