In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global E-learning Market Report
The e-learning market size is expected to grow at a CAGR of over 13% during 2020–2026.
The online learning market is likely to witness an absolute growth of about 110% by 2026. The online education market and content delivery is seeing a paradigm shift from content delivery to interactive learning platforms, language training, functional skill development, proficiency testing, and higher education pedagogy, video streaming of classes to corporate training, talent management, and e-governance. The increasing focus on m-learning, deployment of augmented reality, and cloud infrastructure adoption for hosting applications to derive scalability will create lucrative opportunities for leading online education companies in the market.
The following factors are likely to contribute to the growth of the e-learning market during the forecast period:
• Growth of Blended Learning in Education Technology
• Increasing VR & AR Applications in E-learning
• Need for Strong Workforce Skills Boosting E-learning Market
• Digital Transformation in Learning and Training
The report considers the present scenario of the e-learning market and its market dynamics for 2021?2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.
E-Learning Market Segmentation The global e-learning market research report includes a detailed segmentation by delivery mode, learning mode, function type, end-user, geography. The packaged content segment occupied around 58% of the e-learning market share in 2020. Private institutional interest toward gamification is on the rise as the vendors are trying to improve the competitive edge of their pedagogy over the conventional methods. The demand for e-learning as a packaged content increases, mainly due to the desire to acquire skills amongst corporates. For instance, the increasing demand for skills in the tech industry such as virtual reality, artificial intelligence, and big data is propelling the adoption of this mode of delivery in the corporate e-learning market. Over the past few years, this has led several vendors to grow and expand their businesses significantly. For instance, Pluralsight, a tech e-learning provider, is one of the fastest-growing companies in Utah. The packaged e-learning content market will continue to grow as corporates’ requirement rises and needs more agility.
The self-paced segment is expected to maintain its dominance, witnessing an incremental growth of over USD 139 billion during the forecast period. Europe, Russia, and the UK have emerged as the major consumers of self-paced e-learning modes over the last decade. The self-paced e-learning segment in countries such as Myanmar, Mongolia, Rwanda, Sri Lanka, Laos, Nepal, Cambodia, Ethiopia, Senegal, Uganda, Mauritius, Mali, Slovakia, Namibia, and Lithuania are expected to grow at a CAGR of more than 15% during the period 2020–2026. About 72.78% of adults consider themselves lifelong learners, creating tremendous growth opportunities for online education companies in the market during the forecast period.
The training segment is projected to witness an absolute growth of approximately 104% by 2026. Computer-based training is a new-age learning method that uses special training programs designed for different tasks. Web-based training is a subset of computer-based training and is made available on the internet through web technologies. The onset of the COVID-19 pandemic propelled the demand for these modes of learning in the global market. Vendors leveraged this demand to expand their product portfolios and widen their customer reach. Training professional, governmental-related, and academic was estimated at around USD 134 billion in 2020.
The corporate segment will record an absolute growth of approximately 134% during the forecast period. As the COVID-19 pandemic caused the changes in work culture and regulations to become more widespread and permanent, learning and development specialists have taken corporate e-learning as their strategy to empower and train their employees. Players focus on deploying cost-effective, efficient, and time-saving cloud-based solutions to gain a larger share in the corporate training segment.
Segmentation by Delivery Mode
• Packaged Content
• LMS
• Others
Segmentation by Learning Mode
• Self-paced
• Instructor-led
Segmentation by Function Type
• Training
• Testing
Segmentation by End-user
• K-12
• Higher Education
• Corporates
• Government
• Vocational
INSIGHTS BY GEOGRAPHY The North America e-learning market is expected to post an incremental growth of over USD 62 billion during the forecast period. The corporate sector is expected to remain the largest segment in the North American market. The e-learning market in the US is projected to grow at a CAGR of around 10% during the period. The US is the largest self-paced learning market globally, with the potential to radically influence the prospects in the industry. Together, public and private investments constitute an annual flow of about USD 1.3 trillion into the country’s education system. A significant amount of it is channelized to improve the effectiveness of conventional learning and training methods.
Segmentation by Geography
• North America
o US
o Canada
• Europe
o UK
o Germany
o France
o Nordics
o Spain
o Italy
o Russia
o Benelux
• APAC
o China
o South Korea
o Japan
o Australia
o India
o Singapore
o Indonesia
o South Korea
• Latin America
o Brazil
o Mexico
o Argentina
o Chile
• Middle East & Africa
o GCC
o South Africa
E-Learning Market Vendor Landscape
Vendors offer highly customizable platforms that can enable instructors to customize content dynamically as per the end-user requirements. Setting the price right to effectively gauge and capture the marginal utility of the potential consumer is another strategic challenge for vendors in the market. While freemium offerings with attractive short-term subscription pricing can help players garner a large customer base, continuous investments in product development, especially through gamified and contextualized interfaces, can help them engage and retain the learning audience.
Key Vendors
• Apollo Education Group
• Blackboard
• British Council
• Oracle
• Pearson
• Aptara
• Adobe
• Skillsoft
• NIIT
KEY QUESTIONS ANSWERED:
1. How big is the e-learning market?
2. What is the growth of the e-learning market by virtual classroom technology?
3. Which are the major companies operating in the e-learning landscape?
4. What is the growth of the e-learning market in India?
5. What are the key factors driving the growth of the e-learning market?
6. How is COVID-19 expected to impact the demand for e-learning?
Our reports have been used by over 10K customers, including:
The Global Digital Education Market size to grow from USD 11.5 billion in 2021 to USD 46.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 32.3% during the forecast period. One of the key points of digital learning is that it is much more affordable than traditional learning. With digital learning, learners only need to pay for...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global EdTech Market Report The EdTech market size was valued at USD 254.80 billion in 2021 and is expected to reach USD 605.40 billion by 2027, growing at a CAGR of 15.52% during the forecast period. The global education technology market...
Executive Summary The Asia K-12 AST Market was valued at USD 242.43 Billion in the year 2020. The propelling factors for the growth of the online platform include the rising burden of test preparation, technological advancements for education industry, rising awareness and initiatives about after school tutoring. After...
Further education: Online courses have grown in popularity during the COVID-19 pandemic Abstract Online Education in Australia The industry includes institutions that deliver online education to students. To be considered an online provider, over 80% of the course or unit content offered must be delivered...
The global online program management market is expected to grow at a CAGR of over 14% during the forecast period 2019–2025. The online program management (OPM) market has grown significantly in recent years because of on-going learning demands from learners and practitioners. Significant advances in technology, coupled with globalization,...
Increasing need for scalable open education to the MOOC market MarketsandMarkets expects the global MOOC market size to grow from USD 3.9 billion in 2018 to USD 20.8 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 40.1% during the forecast period. The MOOC market is growing rapidly with an increasing need for...
This market research report on Latin America e-learning market offer analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by delivery mode (packaged content, LMS, and others), by learning mode (self-paced and instructor-led), by type...
E-Learning
Latin America
Internet Penetration
Smartphone Penetration
By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them.
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.
