Online universities around the world are expected to bring in more than $86 billion in 2022, according to the Statista Digital Market Outlook. The steep growth of the segment is expected to render revenues of more than $152 billion as soon as 2026. Online university education is the largest segment of the online education market, making up around 68 percent of it.
The top 4 markets for online universities are United States, the United Kingdom, Canada and Australia – English-speaking countries. These markets play the largest role because of the high number of international students looking for a degree in this language. The U.S. is by far the most popular destination for studying abroad – online or in person – capturing about one in five international university students.
According to Holon IQ and the Wittgenstein Centre, the biggest growth of students in post-secondary education will come from Asia and Africa until 2050. According to the source, many of these future students are looking for English-language degrees considered more prestigious, which they can access by studying abroad or via an online degree.
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