NEW YORK, USA, Sep 07, 2022 (GLOBE NEWSWIRE) — According to Facts and Factors has released a new research report titled “E-Learning Market by Vendor (Content Provider and Service Provider), Mode of Deployment (Cloud and On-Premise), by Course (K-12 Education, Higher Education, Online Certification and Professional Course, Preparing for tests), by company (SME and large enterprises) and by region Global industry outlook, market size, economic intelligence, consumer preferences, statistical surveys, comprehensive analysis, historical developments, current trends and forecasts 2020-2026 » in its research database.
“According to the latest research study, the demand for Market size & revenue share was $144 billion in 2019 and is expected to surpass the $374.3 billion mark by 2026, growing at a compound annual growth rate (CAGR) of approximately 14.6 % over the forecast period 2020 to 2026.”
What is e-learning? How big is the e-learning industry?
E-learning or electronic learning is a learning or training activity through digital resources. E-learning is based on formalized education but is delivered on electronic devices such as computer, mobile phone and other portable devices. Regarding education, there are two types of formal and informal education, e-learning used to be part of the informal education system, but nowadays the boundaries between two systems are blurring and meeting the needs of the two systems.
Important factors in the rise of e-learning and its adoption rate are the revolution in telecommunications due to the penetration of Internet services, the development of multimedia through the use of images, videos and graphics have played an important role in increasing student engagement, e-learning too has become popular due to affordable digital devices which have played an important role in boosting the attraction factor, improvements in learning management as a transition to the cloud have increased its functionality and reliability. All of these factors have made e-learning a popular mode of education.
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|Market size in 2019||$144 billion|
|Market size forecast in 2026||$374.3 billion|
|CAGR growth rate||14.6% CAGR|
|Main market players||Aptara Inc., Adobe Systems Inc., Cornerstone, Citrix Education, Meridian Knowledge Solutions, Microsoft Corporation, SAP SE, NetDimensions., Oracle Corporation, Cisco Systems Inc., Learning Pool, Apollo Education Group, CERTPOINT Systems Inc. and Allen Interactions Inc. .etc., and others|
|key segment||By Vendor, Deployment Mode, Course, Company, and Region|
|Main regions covered||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
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The demand for online learning is expected to be driven by a variety of factors. The important factor for the growth of online learning is the telecommunications revolution which has made the internet affordable and accessible to vast populations. Likewise, the digital revolution has resulted in affordable electronic devices that have increased the demand for online learning. E-learning also plays an important role in strengthening the primary and further education system.
The defects of the informal education system are minimized by using the tools offered by the digital education system. It helped move away from the one-size-fits-all approach and paved the way for personalized education which played an important role in increasing learning ability. Additionally, the rapid transformation of technology and disruptive innovations have led to a huge demand for lifelong skills and upskilling to stay relevant in the job market. This in turn has increased the demand for professional courses through an e-learning platform. However, one of the significant restraining factors for the growth of the market is the increase in screen time and growing concerns related to it.
Impact of COVID-19 Analysis
The COVID-19 pandemic is expected to have a positive impact on the growth rate of the e-learning market, owing to the increase in the adoption of digital technologies in various schools, colleges and universities across the globe and the Growing government support to improve e-learning platform in various developing countries. Asia-Pacific nations and LAMEA countries.
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The online learning market is divided into various categories such as primary and secondary further education, higher education, test preparation, online retraining and certification market, as well as learning linguistic and occasional. The current user base of the e-learning platform consists of students and working professionals. Further primary and secondary education is dominated by students, while the online retraining and certification category is dominated by working professionals, and the test preparation category is dominated by both students and professionals in activity.
The e-learning market is served by a variety of players ranging from small and medium players to large corporations. We see that the test preparation category has small and medium-sized companies, while the online retraining and certification category is dominated by large companies. During the time of the pandemic when most people preferred to stay at home, it was seen that the trend of casual learning like music, storytelling, drawing, etc. has started to emerge and has become very popular lately. Although this section has not been organized yet, it is expected that with greater penetration of the digital revolution, this section will play an important role in the growth of the e-learning market.
The report contains qualitative and quantitative research on the global e-learning market, along with detailed information and development strategies used by key competitors. The report also provides an in-depth analysis of key market competitors along with insights into their competitiveness. The research also identifies and analyzes significant business strategies employed by these major market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.
Some of the major competitors dominating the global e-learning market include –
- Aptara Inc.
- Adobe Systems Inc.
- corner stone
- Citrix Education
- Meridian Knowledge Solutions
- Microsoft Corporation
- SAP SE
- Oracle Corporation
- Cisco Systems Inc.
- Learning pool
- Apollo Education Group
- CERTPOINT Systems Inc.
- Allen Interactions Inc.
Key insights from primary research:
- According to the analysis shared by our research analyst, the e-learning market is expected to grow annually at a CAGR of around 14.6% over the forecast period (2020-2026).
- In terms of revenue, the e-learning market size was valued at around US$144 billion in 2019 and is projected to reach US$374.3 billion by 2026. Due to various driving factors, the market is expected to increase at a significant rate.
- The demand for online learning is expected to be driven by a variety of factors. The important factor for the growth of online learning is the telecommunications revolution which has made the internet affordable and accessible to vast populations.
- In terms of geography, the APAC region will show tremendous market growth owing to increased demand from India and China due to rising literacy rate.
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In terms of geography, the APAC region will show tremendous market growth due to increased demand from India and China due to rising literacy rate, large youth population and government initiative to bridge the digital divide. Likewise, North America and Europe will drive the e-learning market through technological development and innovations. The Latin America and Africa region will also register growth due to the demand for primary and further education.
The global e-learning market is segmented as follows:
- content provider
- Service provider
By deployment mode
- Primary and secondary education
- Higher Education
- Online certification and professional course
- Preparing for the test
- North America
- Rest of North America
- The rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- The Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East and Africa
- Latin America
- Rest of Latin America
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