Online Education Industry

Goals

The market size, growth, and leading companies in the US online education industry & club industry (such as Soho House), some on-demand classroom & recording studio rental options in NYC & their price, as well as, any available data on the number of people in NYC taking continuing ed/technical bootcamps courses.

Early Findings

  • The US elearning (also known as online education) market was worth over $27 billion in 2016. It is expected to grow by 5% from 2018 to 2022.
  • The self-paced online learning market in the US is estimated to decrease to $15.86 billion in 2021 from $20.85 billion in 2016.
  • One of the factors fueling this market include the fact that youths - particularly millennials - "have developed an appreciation for the ease of access and improved effectiveness new animated, engaging, interactive learning tools provide."
  • The key players in the US online education market include Adobe Systems, McGraw-Hill Education, Blackboard, Lynda.com, Aptara, Edmodo, and PowerSchool Learning.
  • In 2016, there were over "6 million students in the U.S. who enrolled in at least one online course."
  • Around 77% of US corporations used e learning in 2017 while " 67% of US companies offered learning opportunities via smartphones."

ON-DEMAND CLASSROOMS FOR RENT

Space 1

  • Peer Space offers a 2,000 sq. ft. private auditorium space in Lower Manhattan, NYC, that can be used as a classroom for $250/hr.
  • The space has "Powered Versteel Tables, Wi-Fi Two HQ Projection TV’s, Wireless Mics, Bluetooth Wireless Loudspeaker, and Beautiful Columned Space with Privacy Curtains."
  • The host can be messaged here.

Space 2

  • There is a "open and airy event/classroom space" in Midtown New York that is available for $115/hour at a minimum of 3-hours.
  • The space has WiFi, a projector, tables, whiteboard, a screen, chairs, and flip chairs.


Proposed next steps:

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