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Learning Opportunity for All, Made Possible with Global E-Learning Market

Posted in Education by Adolf on Nov 28,2022 483

E-learning is a type of learning conducted digitally via electronic media, typically involving the internet. It can be accessed via most electronic devices including a computer, laptop, tablet or smartphone, making it a versatile and easy way for students to learn wherever they are. E-learning resources come in a variety of forms – from software programmes and digital courses to interactive online platform and apps.

Due to the increased adoption of technologies such as AI, IoT, Big Data, amongst others, the teaching and learning experience has become more productive and personalized. In the next 10 years, the market will further promote the advantages of E-learning, such as adaptability, accessibility at all times and anywhere and at a reduced price. In addition, technological developments, the growing use of smartphones, new product launches, and increased costs by major players are expected to boost the market growth by 2030.

Education is seen in the majority of countries not only as a human right but also as the responsibility to guarantee access to basic training for residents and governments. The respective governments have also declared an immediate increase in investment in education to support the crisis in global education.

The global eLearning market is constantly fuelled with innovations and new methodologies. In order to bring up a generation that is career worthy, it is essential to plan and execute a practice of teaching which is practical and appeal to young brains along with not getting too much of the administration, teachers and the stakeholders.

Furthermore, simple access to information, convergence with virtual reality, a strong approach, and the integration of latest technology are key drivers of the size of the online market for language learning. In addition, increased education, rising internet and mobile users, and multi-lingual choice by multinational companies give people working on the overall E-learning market enormous growth opportunities.

The market size of the Global E-learning Market is expected to rise by US$ 166 billion with a CAGR of 12.3% by the end of 2028. The market is divided by technology into E-learning, learning management systems, application simulation tools, rapid e-learning, podcasts and virtual classroom. Based on technology, by 2030, the virtual classroom category will account for the largest proportion of the global online learning industry. In the coming years, there will be strong growth in the virtual classroom segment, which lessens training costs and provides end-users embedded training and learning modules. Also, because of growing internet penetration and declining device and internet costs, the mobile learning segment is expected to grow at a strong rate.

The industry report on the aforementioned market offers market estimates and forecasts of the global market, followed by a detailed analysis of the learning mode, delivery mode, function, end user, and region. The global market for e-learning can be segmented by learning mode: instructor-led, self-paced. Globally, the self-paced segment made up the largest share of the e-learning market.

E-learning market is further segmented by delivery mode: learning management software (LMS), packaged content, others. The packaged content segment captured the largest share of the market in 2021. Based on function, the e-learning market is segmented into: testing, training. According to the research, the training segment had the largest share in the global e-learning market. On the basis of end user, the e-learning market also can be divided into: corporate, government, higher education, K-12, vocational. E-learning market by region is categorized into: North America, Asia Pacific, Europe, Rest of the World (ROW).

The global e-learning market report offers detailed information on several market vendors, including Adobe Systems Inc., Aptara Inc., Blackboard, Inc., Cengage Learning Asia Pte Ltd, Chegg, Inc., Cisco Systems, Inc., Cogna Educacao SA, Cornerstone OnDemand, Inc., Coursera Inc., D2L Corporation, Educomp Solutions Ltd., edX Inc., LinkedIn Corporation, Macmillan Publishers International Limited, McGraw-Hill, Oracle Corporation, Pearson plc, SAP SE, Skillsoft Limited, Telefonica, S.A., Think & Learn Private Limited (Byju's), Thomson Reuters Corporation, among others.

 


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