Market Snapshot:
E-learning is a computer–enhance advance learning technology which deals with technology and associated methodologies in learning using networked and multimedia technologies. Rise in focus on competency-based learning and certification program fueled by growing popularity of digital badge is making the market lucrative for potential investors.
Highlights from E-learning Market Study
Attributes | Details |
---|
Study Period | 2019-2029 |
Base Year | 2023 |
Largest Market | North America |
Forecast Value (2029) | USD 68.3 Billion |
Unit | Value (USD Billion) |
CAGR | 6.14% |
The key Players profiled in the report are Adobe [United States], Blackboard [United States], Cisco [United States], Instructure [United States], NIIT [India] and Pearson [United Kingdom]. Additionally, other players that are part of this comprehensive study are Allen Interactions Inc [United States], Apollo Education Group [United States], CERTPOINT Systems [United States], Desire2Learn [Canada], McGraw-Hill Education [United States], Schoology [United States], Tata Interactive Systems [India] and Canavs [United States].
Geographic Breakdown and Segment Analysis
The Global E-learning market presents a comprehensive analysis of the E-learning market by product type (Corporate e-Learning and Academic e-Learning), by end-user/application (K-12, Higher education and Corporate), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global E-learning industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the E-learning market, the Asia Pacific has emerged as a crucial market for several E-learning brands.
Analyst at AMA have segmented the market study of Global E-learning market by Type, Application and Region.
Influencing Trend:
Shift Towards Cloud Based Solution and Increasing Demand of Customized Content and Micro-learning
Market Growth Drivers:
Growing Internet penetration and Digitization and Rising Millennial Inclination Towards Digital Learning
Challenges:
Lacks Effectiveness and Lack Of Learner Engagement And Motivation
Restraints:
Learning Platform Limitation and Inability to Offer Practical Education and Lack of Technology Awareness
Opportunities:
Growing Digitization in Emerging Economies and Innovative and Effective E-learning solutions
Market Developments Activities:
In December 2023, Udemy, a popular online learning platform, acquired GraphTheory, a data analytics training provider. This move strengthens Udemy's offerings in the high-demand field of data science and analytics.
In October 2023, 2U, a global leader in online education, acquired GetSmarter, a South African provider of online postgraduate programs. This expands 2U's reach into the African market and strengthens its portfolio of business and professional programs.
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Key Target Audience
E-learning Service Providers, Government Agencies, Potential Investors and Research Institute