E-learning and online education

 

We often hear about E-learning and online education, what is the difference between them, what is the size of the market for these industries and how will virtual world technology affect them?

 

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Online learning in its traditional form includes those platforms that provide specialized and short training programs and courses in specific areas or to develop specific skills, which are usually at nominal prices and are fully registered, such as the Udemy or AL mentor platform.

online education is through direct interaction with the online teacher.

 

The second is usually called the services of universities and colleges that provide them remotely and the interaction is vivid with professors and ends with official graduation certificates.

 

In fact, these services have evolved significantly in recent years and the future continues to carry qualitative changes with very technological entry.

Here are some numbers from the Statista platform…

 

First: The size of the Kingdom’s Internet industry market:

 

– Revenue in online learning platforms is expected to reach USD 114.70 million in 2022.

– Revenue is expected to show an annual growth rate of 9.76%, bringing the market size to USD 182.70 million by 2027.

– The number of users is expected to reach 5.2 million by 2027.

– Users’ entry and penetration of these services is expected to reach 9.3% in 2022 and is expected to reach 13.7% by 2027.

– Average revenue per user (ARPU) is expected to reach US $34.48.

 

Second: online education

 

– Online education revenues in the Kingdom are expected to reach US $198.90 million in 2022.

– Revenue is expected to show an annual growth rate of 9.90%, bringing the market size to USD 318.90 million by 2027.

– Average revenue per user (ARPU) is expected to reach US $54.76 this year 2022.

-Expected virtual education technology, especially MetaVers, will be reflected on this industry significantly as the interaction will be greater and the learner can see the finest details using easily acquired devices.