Global E-Learning Market to cross $200bn by 2024 | Top Key Players are City & Guilds, Cornerstone OnDemand, Microsoft, Oracle, Saba Software, SAP, Skillsoft, Articulate, Aptara, Apollo Education Group, Adobe, Cisco, Citrix

The U.S. e-learning market is expected to lead the global industry, owing to the rising penetration of corporate training programs in the region. The high application of advanced technologies, video content, and gamification is anticipated to drive the demand. The Latin America e-learning market is anticipated to experience growth in the following years with the rising demand in countries including Brazil, Mexico and Argentina. This is mainly attributed to the high emphasis by the governments on providing education on technical and English courses on e-learning courses. Distance learning is gaining traction in the Brazilian market as it permits students in the region to avail courses from renowned institutions.

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e-Learning Market size is set to exceed USD 200 billion to grow at over 5% CAGR from 2017 to 2024. A major factor contributing to the high growth of the e-learning market is the rising shift towards flexible education solutions in the corporate and the academic sector. These solutions allow students and employees operating in a range of verticals such as healthcare, BFSI, information and telecommunication to have access to quality training but are dispersed over a large geographical area. The rapid scale of globalization has necessitated the need for language and sensitivity learning. MNCs are moving their employee base to foreign locations, leading to the increase in demand for these services.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. SAP
2. Microsoft
3. Oracle
4. Saba Software
5. Cornerstone OnDemand
6. Skillsoft
7. Learning Pool
8. Allen Interactions Inc.
9. Adobe
10. Apollo Education Group
11. Aptara
12. Articulate
13. Cisco
14. Citrix
15. City & Guilds

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The large enterprise segment of the e-learning market is anticipated to grow as they have substantial financial resources to enter into partnerships with the online course providers to train their employee base on a range of parameters such as technical, management, and language skills. For instance, in August 2017, Infosys entered into a partnership with Udacity for the provision of nanodegrees and training to their employees.

eLearning apps can be operated from a range of devices and are not restricted to only a single system. Additionally, these solutions are highly customized to cater to the varying learning capabilities of the user. The high penetration of the internet on a global scale has increased the availability of authoring and design tools, making it easier and inexpensive to develop the apps and is a major factor promoting the growth of the e-learning market. The Adobe Presenter 11, for instance, is an e-learning development tool that enables to turn Power Point presentations into materials that can be visually presentable and accessed by the organization’s online learner community.

The rising trend of BYOD among corporate bodies is aiding in the growth of the e-learning market as it allows users to access training on their devices without time restrictions. Online e-learning is projected to experience a high growth as the online platform collect data on a real-time basis and are readily available at very low, subscription costs. They also reduce the need for commuting to other locations.

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The corporate e-learning market can be segregated by size to include SMBs and large institutions. This software allows the organization to train their employee base in a variety of areas, ranging from sensitivity to technical skill training. SMBs having limited financial resources are anticipated to increasingly adopt the technology as they allow the training of many employees at affordable rates.

Owing to their increasing rates of globalization and rapid industrialization, MNCs having a large and dispersed employee base are resorting to diversity and sensitivity training and technical and management training for the various tiers in the company. In May 2016, Infosys Ltd. announced that it had entered an agreement with Udacity Inc., Coursera Inc., and EdX Inc, to training their personnel on AI powered technologies.

Players operating in the global e-learning market include Adobe,Allen Interactions Inc.,Apollo Education Group,Aptara,Articulate,Infor CERTPOINT,Cisco,Citrix,City & Guilds,Cornerstone OnDemand,Desire2Learn,Intuition Publishing Ltd.,Kallidus,Learning Pool,Meridian Knowledge Solutions,Microsoft,NetDimensions,Oracle,Saba Software,SAP, and Skillsoft.

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