Online University Education - Argentina

Argentina

Highlights

Revenue in the Online University Education market is projected to reach US$7.07m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -0.53%, resulting in a projected market volume of US$6.89m by 2029.
In the Online University Education market, the number of users is expected to amount to 570.5k users by 2029.
User penetration will be 0.8% in 2024 and is expected to hit 1.2% by 2029.
The average revenue per user (ARPU) is expected to amount to US$20.25.
In global comparison, most revenue will be generated United States (US$82.30bn in 2024).
With a projected rate of 2.3%, the user penetration in the Online University Education market is highest United States.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Online University Education market in Argentina is experiencing significant growth due to various factors.

Customer preferences: Customers in Argentina are increasingly opting for online university education due to its flexibility and convenience. Online courses allow students to study at their own pace and from anywhere, eliminating the need for commuting to a physical campus. Additionally, online courses often offer a wider range of programs and specializations compared to traditional universities, allowing students to pursue their specific interests.

Trends in the market: One key trend in the Online University Education market in Argentina is the increasing number of partnerships between online education providers and traditional universities. These partnerships allow traditional universities to expand their reach and offer online courses, while online education providers benefit from the reputation and resources of established institutions. This trend is driven by the growing demand for online education and the desire of traditional universities to adapt to changing market dynamics. Another trend is the emergence of online platforms that offer courses in Spanish, catering specifically to the Spanish-speaking population in Argentina. These platforms provide a localized learning experience, with content and support in the local language. This trend is driven by the preference of customers in Argentina for Spanish-language education and the recognition of the market potential in catering to this specific demographic.

Local special circumstances: Argentina has a large population of young people who are increasingly seeking higher education opportunities. However, the traditional higher education system in the country faces challenges such as limited capacity and high costs. Online university education provides a viable alternative for many students who are unable or unwilling to pursue traditional higher education. The government of Argentina has also recognized the potential of online education and has taken steps to promote its growth and accessibility.

Underlying macroeconomic factors: The Online University Education market in Argentina is also influenced by macroeconomic factors such as the increasing internet penetration and the rising smartphone adoption rate in the country. These factors have contributed to the accessibility of online education, allowing more people to access courses and programs from their devices. Additionally, the economic downturn in Argentina has led to a greater emphasis on cost-effective education options, making online university education an attractive choice for many individuals. In conclusion, the Online University Education market in Argentina is growing due to customer preferences for flexibility and convenience, as well as the emergence of partnerships between online education providers and traditional universities. The market is also influenced by local special circumstances, such as the demand for Spanish-language education and the need for alternative higher education options. The underlying macroeconomic factors, including increasing internet penetration and the economic downturn, further contribute to the growth of the 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.