Global E-learning Market Overview
E-Learning Market was valued at USD 200 Billion in 2021 and is expected to reach USD 321.16 Billion by the year 2028, at a CAGR of 7%.
Global internet adoption is increasing, which will fuel industry growth. Access to affordable internet connectivity options has risen because to the booming telecom and broadband industries. As a result of the rise in internet users, more people will have access to e-learning platforms to take courses or finish degrees.
The COVID-19 pandemic increased revenue in the e-learning sector. Corporates have been pushed to adopt work-from-home policies to maintain daily operational activities in response to the growing employee safety concerns. This has made it more difficult for businesses to teach employees, communicate with them, track their progress, and upskill them, which has increased demand for e-learning platforms among large businesses and SMEs. Several businesses are concentrating on providing specialised learning solutions in order to meet the growing demand. For instance, LinkedIn Corporation said in April 2021 that it had plans to create an online site for businesses to offer their staff training videos & materials on topics like management strategy and machine learning.
Players Covered in E-learning Market are:
- Citrix Education
- Median Knowledge Systems
- Leaning Pool
- Allen Interactions, Inc
- Apollo Educations Group and other major players.
|Global E-learning Market|
|Base Year:||2021||Forecast Period:||2022-2028|
|Historical Data:||2016 to 2020||Market Size in 2021:||USD 200 Bn.|
|Forecast Period 2022-28 CAGR:||7%||Market Size in 2028:||USD 321.16 Bn.|
|Segments Covered:||By Technology||· Online e-learning |
· Mobile e-learning
· Rapid e-learning
|By Application||· Academic |
· Virtual Classroom
|By Region||· North America (U.S., Canada, Mexico) |
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
|Key Market Drivers:||· Increased Use Of E-Learning in Various Sectors Such as In Corporate, Academic, And Government Sectors|
|Key Market Restraints:||· Lacks social interaction|
|Key Opportunities:||· Growing Use of Cloud-Based Platforms in the E-learning Industry|
|Companies Covered in the report:||· Adobe, Blackboard, Cisco, Instructure, NIIT, and other major players.|
Virtual Classroom System To Boost Market Growth In The Wake Of The COVID-19 Epidemic
The E-learning market’s virtual classroom technology is anticipated to grow at a CAGR of 11% over the course of the forecast period. A virtual classroom is a digital setting that enables real-time communication between an instructor and student. The most common e-learning tools in a virtual classroom for real-time collaboration are video conferencing and an online whiteboard. Virtual classrooms that are interactive and synchronous allow for active participation from students, simulating a classroom setting.
E-learning Market Dynamics
The desire for affordable training and learning methodologies in the corporate and academic sectors will fuel the growth of the e-learning sector in the upcoming years. Due to the growing number of course content, many businesses are having trouble managing and storing such a big amount of data in their libraries or repositories. Thanks to the electronic technique of content delivery, these E-learning sectors can now store and maintain their course or company information in online websites or applications. The eLearning business is increasingly using cloud-based technologies, which allows these sectors more flexibility in terms of material processing, storage, and access. The cloud learning platform has many advantages, including cost-effectiveness, anonymity, remote access, and data backup.
Growing adoption of LMS technology in Germany
Through 2028, the German LMS e-learning market will expand at a rate of roughly 22%, driven mostly by the education sector’s rising adoption of technology. The software’s dynamic user interface, which enables users to manage & organise the content, has accelerated its adoption across the nation. For instance, the Berlin Senate Department for Education inked a contract with its learning in February 2021 to deliver LMS platforms to Berlin schools. The programme was initially made available to about 50,000 users before being expanded to 400,000 teachers and students. The Big Blue Button video conferencing technology, user licences, instruction, integrations, and project management are all included in the contract.