The E-Learning Market is valued at USD 309.25 Billion in 2021 and is expected to reach USD 1370.56 Billion by 2028 with a CAGR of 23.7% over the forecast period.
E-Learning Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Increasing adoption of online education and rising investment in research and development regarding education are some major key drivers for the growth of the global e-learning market.
E-Learning is learning using electronic technologies to access educational curricula outside of a standard classroom. In some cases, it refers to a program, course, or degree delivered completely online. It is very useful for students to get easily understand complex theories, concepts, and subjects. E-learning is named as a network-enabled transfer of skills and knowledge to a large number of recipients at the same or different times.
It is a really efficient way of delivering courses online. Due to its convenience and adaptability, the resources are available from anywhere and at any time. Everyone, who is a part-time student or is working full time, can cash in on web-based learning. The online method of learning is best fitted to everyone. E-learning has been proven to be a successful method of training and education is becoming a way of life for many citizens around the world. It offers scalability, consistency, effectiveness and is more cost-effective. The rise in technology-enabled teaching & training increases the scope of the e-learning industry.
E-learning market report covers prominent players
E-learning market report is segmented on the basis of type, technology, provider, application, and regional & country level. Based on type, the global e-learning market is classified into fixed e-learning, adaptive e-learning, linear e-learning, computer-managed learning (CML), computer-assisted instruction (CAI), synchronous online learning, asynchronous online learning, interactive online learning, and others. Based on technology, the global e-learning market is classified into online e-learning, learning management systems (LMS), mobile e-learning, rapid e-learning, and virtual classroom. Based upon the provider, the global e-learning market is classified into service and content. Based upon application, the global e-learning market is classified into higher education, corporate, k-12, and vocational training.
The increasing adoption of online education and rising investment in research and development regarding educations are the major key drivers for the growth of the global e-learning market. According to The University of El Paso, Over 6 million Americans are pursuing an online education. Further, the adoption of the concept of virtual classrooms in various educational institutes will increase the growth of the market. These strategies will turn to boost the e-learning market in the coming years. According to UNESCO, global spending on R&D has reached a record high of almost USD 1.7 trillion and about 10 countries account for 80% of spending on R&D.
In Fact, corporate businesses are investing highly in incorporating modern learning technologies into their facilities to help employees to understand business policies and their job roles through an interactive medium. Moreover, expensive software and requires huge resources in terms of software and hardware are the major restraints of the global e-learning market. However, technological advancements and increased government initiatives toward online courses and education platforms may generate new opportunities for the e-learning market in the forecast period.
North America is expected to dominate the e-learning market with the highest market share in the forecast period. Moreover, heavy investments in R&D initiatives, technological expansions, and the presence of major players present in the region, this factor will propel the growth of the market in North America. According to UNESCO, global spending on R&D has reached a record high of almost USD 1.7 trillion and about 10 countries account for 80% of spending on R&D.
The Asia Pacific is anticipated with a strong growth rate majorly due to the production of smartphones. The growing internet penetration in the region will also contribute to the expansion of the market in the Asia Pacific. According to UNESCO, Mobile broadband connections accounted for 45% of the total connections base in the Asia Pacific by the end of 2015, a figure forecast to rise to 70% by 2020. In addition, increasing demand for advanced education systems from countries such as India, China, and Japan will further increase the Asia Pacific market in the forecast period. In addition, the rapid increase in the research efforts undertaken in the fast-emerging economies of the Asia Pacific region is expected to further reinforce growth.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 309.25 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 1370.56 Billion|
|Tables, Charts & Figures:||175|
|e-learning companies||Apollo Education Group, Allen Interactions, Inc., Adobe Inc., ILT Solutions, Blackboard Inc., Cisco Systems Inc., GP Strategies Corp., Instructure Inc., Coursepath, NIIT Ltd., Oracle Corp., Pearson Plc, Skillsoft Corp., and Thomson Reuters Corp., Aptara, Inc., CERTPOINT Systems, Inc, Citrix Education, Cornerstone, Meridian Knowledge Solutions, NetDimensions., Microsoft Corporation, SAP SE, Learning Pool, and Others.|
|Segments Covered||By Type, By Technology, By Provider, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
Middle East and Africa
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