Global E-Learning Market Is Growing at a CAGR of 9.5% from 2018 to 2026 | Major Players: Cisco Systems, Oracle iLearning, Microsoft, Apollo Education Group, Educomp Solutions, SAP, McGraw-Hill Education, SkillSoft, The British Council

Global E-Learning market is expected to grow from $176.12 billion in 2017 to reach $398.15 billion by 2026 with a CAGR of 9.5%. The key factors that are favoring the market growth are flexibility in learning, low cost, easy accessibility, increased effectiveness by animated learning, escalation in number of internet users and growing access of broadband pooled with mobile phones with online capabilities. However, factors like change management, technology obsolescence and vendor- developer partnership are major restraints that are hindering the growth of this market.

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A learning system based on formalized teaching but with the help of electronic resources is known as E-learning. While teaching can be based in or out of the classrooms, the use of computers and the Internet forms the major component of E-learning. E-learning can also be termed as a network enabled transfer of skills and knowledge, and the delivery of education is made to a large number of recipients at the same or different times.

Top Players:
Some of the key players in E-Learning the market include Cisco Systems, Oracle iLearning, Tata Interactive Systems, Microsoft, Apollo Education Group, Educomp Solutions Ltd , SAP, McGraw-Hill Education, SkillSoft, The British Council, Aptara, Cengage Learning , Macmillan, Cornerstone on demand, Desire2learn, Edmodo, Pearson, BlackBoard Learn, Docebo and SunGard.

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Market Segments
By product section, corporate e-Learning sectors to grow at the fastest CAGR in the e-learning market during the forecast period. The shift toward cloud-based learning that is cost-effective, efficient, and time-saving will boost the growth of the corporate sector in the e-learning market. The growing demand for training programs and content covers compliance and IT management and industry related courses is driving the market for e-learning in the corporate sector.

The US and Canada are the largest revenue generators in the e-learning market in North America. The increasing availability of internet infrastructure and the high penetration of smart phones and tablets in North America are driving the growth of the e-learning market in the region. Advantages such as extensive access to innovative learning and training solutions are propelling the demand for e-learning modules in the North American market. Vendors are focusing on offering learning modules with high engagement levels, degree of customization, and the quality of content to gain the market share in the e-learning market in North America.

Technologies Covered:
• Podcasts
• Learning Content Management System
• Learning Management System (LMS)/SaaS
• Knowledge Management System
• Application Simulation Tool
• Mobile e-learning
• Rapid e-learning
• Virtual Classroom
• Online e-learning
• Game Bases Learning
• MOOCS, Wearables and Others
• Packaged Content

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