Online Education: An Industry & Competitor Analysis
Estimated Size of Online Education Market
Year No. of Online Ed Market Size % Change in
Students ($ millions) Mkt. Size
2002 1,602,970 $13,914 N/A
2003 1,971,397 17,114 +23.0
2004 2,329,783 20,228 +18.2
2005 3,180,050 27,612 +36.5
2006 3,488,381 30,293 +9.7
2007 3,938,111 34,200 +12.9
2008 4,606,353 40,000 +16.9
2009 5,600,000 48,640 + 21.6
2010 E 6,216,000 60,508 +24.4
2011 E 5,905,000 58,571 -3.2
2012 F 6,422,500 63,725 + 8.8
2015 F 7,435,900 78,445 7.7*
Source: Babson Survey Research Group, Marketdata Enterprises, Inc. estimates and
forecasts
*Average annual growth rate: 2013-2015