Global E-Learning Industry

Global E-Learning Industry

  • April 2021 •
  • 507 pages •
  • Report ID: 3646043 •
  • Format: PDF
Abstract:
- The Role of e-Learning in COVID-19 Times Becomes Bigger. Market Registers a Massive Spike by 36.3%.
- The global market for e-Learning is expected to record a historic annual growth spike in the year 2020 as majority of schools migrate to e-learning and massively adopt e-learning technologies in an attempt to keep learning and education alive amid the COVID-19 crisis. The market is projected to continue to grow and reach US$499.1 billion by the year 2027, trailing a post COVID-19 CAGR of 10.3% over the analysis period 2020 through 2027. The pandemic is having a significant impact on the global education sector. More than a billion students worldwide are currently unable to go to school or universities, due to the restrictions and physical distancing measures implemented to curb the spread of infections. School closures in countries around the world and the ensuing overnight migration of traditional education to digital platform has exposed the digital divide and inequalities in education. While some countries including U.S., China, and Australia have partially opened their schools, infection spread in schools has forced a re-closure. Several countries continue to keep schools closed to curb the spread of the virus. As a result there is an unprecedented surge in the adoption of online/ remote classes. Virtually every educational institution has adopted E-Learning channels to ensure that their students get the academic education they need without interruption.
- Various factors encouraging the adoption of e-Learning during the current crisis include flexibility, accessibility, affordability, and range of specializations. For educational institutions and students struggling with the current crisis, e-Learning offers a highly flexible and convenient education platform that can be easily adopted and implemented for education programs, from primary school to university education. With the aid of a computer (or a mobile device) and an internet connection, students and teachers can resourcefully enter into a virtual classroom. The current high-speed internet connections, offered at low prices, facilitate easier setup while inducing the never seen before flexibility in education process. Due to the lockdown and social distancing measures, thousands of non-local students have returned to their respective hometowns to stay safe and stay home with their families. Online learning extends a lifesaver for such migrant students. Leveraging E-Learning, students can seamlessly access educational opportunities that otherwise remain inaccessible to them due to tough conditions induced by the pandemic. Low costs are another major factor fueling the adoption of E-Learning.
- Compared to traditional classroom learning, e-Learning is more economical and affordable. In various academic disciplines, online courses cost about 1/10th of their offline counterparts. Such benefits remain crucial in today’s tough economic conditions. Students can therefore rely on E-Learning platforms to evade the pandemic effect on their education and career prospects. Furthermore, range of specializations offered through E-Learning services is also widening the role of these platforms. Students intending to improve their professional skills through online learning can rely on E-Learning platforms that extend them with a treasure trove of relevant courses across various disciplines. By accessing thousands of hours of content relevant to interested course, students can bolster their skill set and knowledge. E-Learning tools typically empower students to take control of their career trajectory by selecting the courses that suit their background and area of interest. Even during the pre-COVID-19 period, strong emphasis was placed on the culture of anytime, anywhere and any device dynamic e-learning . Specifically in the enterprise sector, with companies embracing a culture of learning to outperform competition, corporate e-learning is and continues to emerge with renewed vigor as a high growth sub-sector within the market. Advantages offered by e-Learning driving its adoption in the academic and corporate sectors include versatility and flexibility as the learning pattern can be customized to suit all learning needs; audio visual learning tools enable better knowledge retention; information is made easy to understand and remember; higher degree of content coverage across all subjects; cost effective as it eliminates the need for infrastructure, travel, and other related expenditure; flexibility to listen to lectures and access content for unlimited number of times; reduced need to take down notes and enables more efficient management of time; reduced learning times; unrivalled convenience as it enables anytime, anywhere access to classrooms; encourages active and independent learning behavior among students; enables focused learning by allowing learners to selectively exclude subject matter elements not relevant to them; reduces reliance on a single teacher as a source for help and opens alternative sources of information via web forums, online tutorials, digital libraries at no additional costs. Additionally, e-Learning systems based on cloud computing platforms enable course and content designers to create cost efficient and more accessible solutions. The migration from Adobe Flash to HTML5 eliminates conventional challenges associated with multimedia integration which remains vital for developing dynamic and interactive e-Learning course material that provide maximum engagement with the audience.

- Select Competitors (Total 290 Featured) -
  • Absorb Software Inc.
  • Adobe Systems Inc.
  • Aptara Inc.
  • Articulate Global, Inc.
  • bit media e-solution GmbH
  • Blackboard, Inc.
  • Cisco Systems, Inc.
  • Cornerstone OnDemand, Inc.
  • Coursera Inc.
  • D2L Corporation
  • edX Inc.
  • Fischer, Knoblauch & Co.
  • GetSmarter
  • Hewlett-Packard Development Company, L.P.
  • Hurix Systems Private Ltd.
  • Inspired eLearning, LLC.
  • International Business Machines Corporation
  • Intralearn Software Corporation
  • Macmillan Learning
  • McGraw-Hill
  • NYIF.com
  • Oracle Corporation
  • Pearson Education
  • Persona Learning
  • SAP SuccessFactors, Inc.
  • Skillsoft Limited