Value of online education market in China 2016-2024

Published by C. Textor, May 13, 2022
According to a comparatively narrow market definition, online education in China had a market size of approximately 257.3 billion yuan in 2020. After high growth rates in the past years, market growth is forecast to slow down to an CAGR of about 17.5 percent in the upcoming years.

Market size of online education in China from 2016 to 2020 with a forecast until 2024 (in billion yuan)

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Source

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Release date

January 2021

Region

China

Survey time period

2016 to 2020

Supplementary notes

* Forecast.
The source employs a comparatively narrow definition of the online education market and includes only education courses, contents, and advisory services oriented towards end consumers. In addition, only courses and services that were paid online and not bound to a fixed place of conduction were taken into account. According to a broader market definition, the online education market was estimated at 346.8 billion yuan in 2019 and 423 billion yuan in 2020.

One yuan equals approximately 0.15 U.S. dollars and 0.13 euros (as of February 2021).

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