Global Online Program Management Market by deployment, by end-use, by Region, Segment and Forecast 2020–2026

Global Online Program Management Market is projected to grow at a healthy CAGR of 14.2% over the forecast period 2020–2026. The key factors driving the market are development in internet infrastructure, availability of affordable online courses coupled with globalization, talent relocation, gradual changes in business knowledge and increased influence of e-learning concepts.

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The institutions face several resource constraints and further venturing into online learning has considerable risk as the development of the program needs upfront investment.The public–private collaborations have the potential for reducing these complexities and enable schools to concentrate on their core operation of teaching and learning.

Additionally, the strategic partnerships are made between universities and colleges with OPM support to take steps to launch expanded online support services for stimulating the online education growth.For instance, Texas Woman’s University partnered with Keypath Education to provide two online programs focused on Family Nurse Practitioners (FNP).

Such courses will help in developing advanced skills of primary care providers. Online program managers (OPMs), who are driving an increasing number of programs, are responding to universities’ and colleges’ desire for more flexibility and control in running the courses. OPM providers also increasing various services, while individual OPMs are enhancing specialties.

Market Trends, Drivers, Restraints and Opportunity:

Surge in rate of registrations for distant learning and available courses for working professionals is likely to enhance the market growth. In addition, the market is likely to gain a significant traction through e-learning startups and virtually designed interactive classroom models
Availability of virtual mentors and encouraging interaction between students and mentors contributes in the market development
Learning through mobile applications and slideshows reflect some of the digital trends on the global scale
Moreover, many institutions are now strategizing online education that induces overall growth in students and reinforces quality education which in turn creates market opportunities
Fierce competition among key players, exorbitant prices of online modules and lack of standardization are some of the restraints prevailing in the market