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Online education is evolving and needs regulation
According to the latest data, the online education market in 2019 amounted to a record $205 billion. However, according to experts' forecasts, there is more to come: this amount may grow to $282 billion by 2023.
In 2020 alone, online education has undergone major changes, but this field still remains relatively young and requires investment for further development.
Online education became popular back in 2017. However, according to statistics, the founders of those online schools that have entered the market over the past two years are the most successful in this field.
The average age of online education projects is 16 months. However, this year, projects have become even younger. This shows that the market is maturing and the competition is gradually decreasing.
Project Manager Olga Sladkova came to this conclusion. She believes that the market is still divided into segments. Companies have different development scenarios and they grow independently of each other or consolidate around large corporations.
Today it is difficult to predict the future of this market in Russia. However, there are already clear trends that give hope for the rapid and swift development of the online education niche. As of now, online education technologies are in great demand in schools and universities.
