Online Education

ASEAN

Highlights

Revenue in the Online Education market is projected to reach US$2.06bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.14%, resulting in a projected market volume of US$2.52bn by 2029.
The Online University Education market has a projected market volume of US$1.02bn 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$59.72 in 2024.
In the Online Education market, the number of users is expected to amount to 46.4m users by 2029.
User penetration in the Online Education market will be at 7.6% in 2024.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

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

Customer preferences: Customers in ASEAN are increasingly turning to online education as a convenient and flexible way to acquire new skills and knowledge. The rise of digital technology and internet connectivity has made it easier for individuals to access educational content from anywhere at any time. Online education platforms offer a wide range of courses and programs, allowing customers to choose subjects that are relevant to their interests and career goals. Additionally, the ability to learn at one's own pace and the availability of interactive learning materials make online education an attractive option for many customers in ASEAN.

Trends in the market: One of the key trends in the online education market in ASEAN is the increasing demand for English language courses. English proficiency is highly valued in the region, as it is considered a crucial skill for career advancement and global communication. Online platforms that offer English language courses are witnessing a surge in enrollment, as customers seek to improve their language skills. Another trend in the market is the growing popularity of vocational and professional development courses. As the job market becomes more competitive, individuals are looking to enhance their skills and qualifications through online education. Courses in areas such as digital marketing, coding, and project management are in high demand.

Local special circumstances: One of the unique aspects of the online education market in ASEAN is the diversity of languages and cultures in the region. Online education platforms need to cater to the specific needs and preferences of customers from different countries, taking into account language barriers and cultural differences. Localization of content and the availability of courses in local languages are important factors for success in the ASEAN market. Additionally, the affordability of online education is a significant consideration for customers in the region. Online platforms that offer cost-effective courses and flexible payment options are likely to attract a larger customer base.

Underlying macroeconomic factors: The development of the online education market in ASEAN is supported by several macroeconomic factors. The region is experiencing rapid economic growth, leading to an expanding middle class with higher disposable incomes. As individuals have more financial resources, they are willing to invest in their education and personal development. Furthermore, the increasing penetration of smartphones and internet connectivity in ASEAN countries has made online education more accessible to a larger population. The government initiatives to promote digital literacy and education are also driving the growth of the online education market in ASEAN. In conclusion, the online education market in ASEAN is witnessing significant growth and development due to customer preferences for convenience and flexibility, the increasing demand for English language and vocational courses, the need for localized content, and the underlying macroeconomic factors such as economic growth and government support. As the market continues to evolve, online education platforms that can effectively cater to the unique needs and preferences of customers in ASEAN are likely to thrive.

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.