E-learning represents learning solutions that rely on information and communication (ICT) technology and advanced electronic devices. They impart training and education in the form of animation, video classes, images, etc., via the internet, satellite broadcast, CD-ROM, etc. E-learning technologies offer numerous benefits, such as cost-effectiveness, flexibility related to time, personalization, improved audience reach, etc. Consequently, they find extensive utilization across several sectors, including education, corporate, government, etc.
What was the global e-learning market size in 2021?
According to IMARC Group’s latest report, titled “E-Learning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global e-learning market size reached US$ 253.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 521.8 Billion by 2027, exhibiting at a growth rate (CAGR) of 9.9% during 2022-2027.
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E-Learning Market Trends:
The rising sales of smart devices, which include laptops, tablets, smartphones, etc., and the increasing penetration of high-speed internet and wireless communication technologies, especially in developing countries, are among the key factors driving the e-learning market. In addition to this, the growing adoption of sustainable and precision farming methods across the globe and the elevating need to provide easy access to educational content to farmers are further stimulating the market growth. Apart from this, the escalating integration of gamification techniques in e-learning systems and the development of artificial intelligence (AI) and machine learning (ML) are acting as significant growth-inducing factors.
Moreover, the shifting preferences toward the solution among corporate organizations to conduct training programs and collaborative activities, such as assignments and project work, using chats, discussion forums, blogs, etc., following the emerging trend of work-from-home, are also positively influencing the global market. Besides this, the launch of the internet of things (IoT) that has facilitated the shift from teacher-centered to student-centered education and ensures multiple advantages, including concrete learning, interactive sessions, efficient management, trackable results, and faster data and multimedia streaming, etc., is expected to propel the e-learning market over the forecasted period.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
The report has also analysed the competitive landscape of the market with some of the key players.
- Adobe Inc.
- Aptara Inc. (iEnergizer)
- Blackboard Inc.
- Cisco Systems Inc.
- GP Strategies Corporation
- Instructure Inc. (Thoma Bravo)
- Oracle Corporation
- Pearson Plc
- SAP SE
- Skillsoft Corporation
- Thomson Reuters Corporation (The Woodbridge Company).
What is the breakup of the global e-learning market based on the technology?
The market has categorized based on technology, provider and application.
Breakup by Technology:
- Online E-Learning
- Learning Management System
- Mobile E-Learning
- Rapid E-Learning
- Virtual Classroom
- Others
Breakup by Provider:
- Services
- Content
Breakup by Application:
- Academic
- K-12
- Higher Education
- Vocational Training
- Corporate
- Small and Medium Enterprises
- Large Enterprises
- Government
Breakup by Region:
· North America (United States, Canada)
· Europe (Germany, France, United Kingdom, Italy, Spain, Others)
· Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
· Latin America (Brazil, Mexico, Others)
· Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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