According to this study, the E-learning market will register a 7% CAGR in terms of revenue; the market size will reach USD 321.16 billion by 2028, from USD 200 billion in 2021.
E-learning is also known as digital learning and it is conducted via electronic media, involving the internet, making it a flexible and easy way for students to learn wherever they are. It enables to transfer of skills, knowledge, and delivery of education to a large number of learners at the same time or at different times. Electronic devices are used in e-learning such as laptops, computers, tablets, or smartphones. E-learning resources are available in different forms from various apps, software programs, and digital courses to the interactive online platform. Digital materials, online courses, and virtual tutoring are the common types of E-learning methods. In 1999, Elliott Maisie originated the term E-learning, this phrase was used professionally for the first time. After this year E-learning’s reputation has gone from strength to strength. The internet, the development of multimedia, well-built learning management systems, and affordable digital devices are the factors responsible for the popularity of e-learning. E-learning involves various sectors such as supplementary primary and secondary education, higher education, test training, reskilling and online certification, and language and casual learning. Students and working professionals make up the current user base of the e-learning site.
Major Key Players for E-learning Market:
- Citrix Education
- Median Knowledge Systems
- Leaning Pool
- Allen Interactions, Inc
- Apollo Educations Group
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Market Dynamics and Factors:
Increased use of E-learning in various sectors such as in corporate, academic, and government sectors drives the growth of the market. E-learning gives the numerous benefits like it is a self-paced, cost-effective, time-efficient, environmentally friendly, flexible, offers a wide selection of programs, accessible, no need for textbook, increase the student satisfaction, and reduce the stress, provide continuous education for vulnerable groups this factor attracts peoples towards the e-learning platform that helps to boost the market of e-learning. Increase the developments of new e-learning applications such as Udemy, Skill Pill, DesignJot, and BoostHQ are the most common mobile applications used in the corporate world. Most students are interested to learn through animation, and the use of video content makes learning easy and interesting for students. Emerging trends of mobile learning, microlearning, social learning, and corporate MOOCs are boosting the growth of the e-learning market. Increasing covid 19 have a positive impact on e-learning services because peoples have to learn from their homes to prevent the spreading of the disease.
E-learning Market Report Highlight:
- By technology, Mobile e-learning technology is expected to have the maximum share in the e-learning market during the forecast period. This is due to the increase in the usage of smartphones, some educators develop mobile applications for students, which propels the growth of the market.
- By application, the Virtual classroom is expected to dominate the e-learning market share during the forecast period. It offers dynamic, flexible, live interaction between tutor and learner and supports group activities and discussion that helps to increase the e-learning market.
- By the region, North America is anticipated to grab the maximum share of the e-learning market over the projected period owing to an increase in the usage of mobile devices and internet penetration. Domestic colleges in this region offer online distance learning courses for students as well as working people, which drives the e-learning market.
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Key Industry Development:
In November 2021, Zoho Corp., the parent firm of technology has launched a collaborative e-learning platform. The name of the platform is TrainerCentral. TrainerCentral provides knowledge creators, solopreneurs, and experts from all fields a single platform to host live sessions as well as sell on-demand courses.
E-learning Market Segmentation:
- Online e-learning
- Mobile e-learning
- Rapid e-learning
- Virtual Classroom
For this report, Introspective Market Research has segmented the E-learning Market based on the region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- 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
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Scope of the Report:
The report encompasses the entire analysis of market size in previous years for major segments and countries, as well as future estimates. The E-learning Market study looks deeply into the worldwide market’s competitive landscape. The study also provides the names of key market players and the methods they used to gain a dominant position in the industry. It also includes useful market insights, dynamics and factors, and market analysis techniques such as PESTEL analysis, PORTER’s Five Forces analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.
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