Online Learning Platforms - Peru

Peru

Highlights

Revenue in the Online Learning Platforms market is projected to reach US$85.69m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.04%, resulting in a projected market volume of US$165.30m by 2029.
In the Online Learning Platforms market, the number of users is expected to amount to 4.1m users by 2029.
User penetration will be 8.6% in 2024 and is expected to hit 11.4% by 2029.
The average revenue per user (ARPU) is expected to amount to US$28.62.
In global comparison, most revenue will be generated China (US$40.60bn in 2024).
With a projected rate of 21.9%, the user penetration in the Online Learning Platforms market is highest China.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online Learning Platforms market in Peru has experienced significant growth in recent years, driven by customer preferences for flexible and accessible education options, as well as local special circumstances and underlying macroeconomic factors.

Customer preferences: Peruvian customers are increasingly turning to online learning platforms for their educational needs. The convenience and flexibility offered by these platforms allow individuals to learn at their own pace and from the comfort of their own homes. This is particularly appealing to busy professionals and those living in remote areas, who may have limited access to traditional educational institutions. Additionally, the ability to access a wide range of courses and subjects from reputable institutions around the world is a major draw for Peruvian learners.

Trends in the market: One key trend in the Online Learning Platforms market in Peru is the increasing demand for language learning courses. As Peru continues to strengthen its ties with the global economy, there is a growing need for individuals to develop their language skills, particularly in English. Online learning platforms provide a convenient and cost-effective way for Peruvians to improve their language proficiency. Another trend is the rise of vocational and professional development courses. With the job market becoming increasingly competitive, Peruvian individuals are seeking to enhance their skills and knowledge in order to stand out to employers. Online learning platforms offer a wide range of vocational and professional courses that cater to these needs.

Local special circumstances: Peru is a country with a diverse geography and a significant rural population. This poses challenges for traditional educational institutions, as access to schools and universities can be limited in remote areas. Online learning platforms provide a solution to this problem by offering educational opportunities to individuals regardless of their location. This is particularly important for those living in rural areas who may not have the means to relocate or commute to urban centers for education.

Underlying macroeconomic factors: Peru has experienced steady economic growth in recent years, which has contributed to an expanding middle class and increased disposable income. As a result, more Peruvians have the financial means to invest in their education and personal development. Online learning platforms offer a cost-effective alternative to traditional education, making it an attractive option for individuals looking to upskill or gain new qualifications. In conclusion, the Online Learning Platforms market in Peru is growing due to customer preferences for flexible and accessible education options, the increasing demand for language learning and vocational courses, local special circumstances such as limited access to traditional educational institutions in remote areas, and underlying macroeconomic factors such as steady economic growth and increased disposable income. As these trends continue to shape the market, online learning platforms are likely to play an increasingly important role in Peru's education landscape.

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.