The global E-Learning Market size surpassed US$ 200 billion and is anticipated to grow at over 7% CAGR between 2021 and 2026.
E-learning is a form of education or training that makes use of digital resources. Electronic devices such as a computer, mobile phone, or other portable devices are used to provide formalized education. There are two forms of education: formal and informal education. The market will be driven by new technology such as cloud computing and artificial intelligence, as well as increased internet penetration and network access, as well as the convenience of on-demand courses. Emerging developments such as mobile learning, microlearning, social learning, and corporate MOOCs are boosting the e-learning industry revenue. The industry demand is being driven by an increase in demand from various end-user industries, such as healthcare, to train their employees. The coronavirus (COVID-19) pandemic has fueled increased demand for e-learning solutions among students and businesses alike. Schools should use these technologies to help students develop their analytical and reasoning skills, as well as their IQ.
According to the World Economic Forum, the COVID-19 pandemic has driven about 1.2 billion children out of schools around the world. Distance learning, effective communication, and organization are all supported by Learning Management Systems. Large-scale national initiatives to use technology to promote distance education, remote learning, and online learning are forming and expanding quickly. Employees and students will benefit from streamlined training and learning in a digital world thanks to the introduction of 5G technology. To keep the virus from spreading, government departments are promoting the use of innovative interactive learning techniques.
The E-Learning Market is segmented by Technology Type (Online e-learning, LMS, Virtual Classroom, Mobile e-learning, Rapid e-learning), by Application (Academic, Corporate, Government). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings From The Report Suggest
- Europe accounted for more than 35% of market sales in 2019 and will continue to rise steadily through 2026.
- In the eLearning industry, the growing usage of cloud-based platforms provides more flexibility in terms of content storage, access, and processing.
- Mobile learning technology has seen a faster adoption in the eLearning industry as a result of the increasing use of smartphones.
Key Participants like Cornerstone, Citrix Education, Aptara, Inc., Adobe Systems, Inc., Meridian Knowledge Solutions, Oracle Corporation, Cisco Systems, Inc., Learning Pool, Microsoft Corporation, SAP SE, NetDimensions., Apollo Education Group, CERTPOINT Systems, Inc., and Allen Interactions, Inc., etc.
For this report, Introspective Market Research have segmented the E-Learning Market on the basis of Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2019-2026)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM