E-Learning Market 2020 Growth Projection by Key Companies Like Adobe Systems Inc., CERTPOINT Systems Inc., Citrix Education, Microsoft, Oracle, Saba Software, SAP SE, Skillsoft, D2L Corporation

North America, being one of the mature regions pertaining to the e-learning market penetration, is expected to be one of the most remunerative grounds for the global industry landscape over the coming years. Escalating adoption of m-learning and e-learning tools, which are becoming a preferred and viable choice for the corporate training programs, is one of the major factors driving the regional trends. Moreover, having an upper hand with regards to technological innovations, the region will further procure a major chunk of the global market share. As a matter of fact, North America, aided by the escalating product adoption by numerous organizations that intend to provide effective training to employees for high productivity, captured an appreciable 40% of the e-learning market share in 2018.

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Key Companies in e-learning market : - Adobe Systems Inc., Allen Interactions Inc., Apollo Education Group, Aptara, Inc., Articulate, CERTPOINT Systems Inc., Cisco Systems, Inc., Citrix Education, City & Guilds Group, Cornerstone, D2L Corporation, Intuition Publishing, Kallidus Ltd, Learning Pool, Meridian Knowledge Solutions, Microsoft Corporation, Oracle Corporation, Saba Software, SAP SE, Skillsoft

With continuous advancements in the learning & education fraternity, e-learning market, in response to these developments, has observed commendable gains over the recent years. E-Learning has been gaining immense popularity of late, owing to its ability to reduce costs by centralizing content and enabling uniformity in content delivery, a factor that has stimulated this sector to attain significant heights in the recent years. The growth trajectory for this business space continues to remain strong with a myriad range of companies incorporating eLearning tools for maximum skill development, administration, knowledge and training.

As eLearning tools are becoming a viable choice for the learning & development sector, reputed firms such as CityCab and ABP brewery company have been using eLearning to train their staffs. CityCab, for example, provides web-based trainings & online courses to its cab drivers with regards to communicating effectively with the commuters. Reportedly, the web-based tools have helped the company pertaining to time management, flexibility, and convenience - a factor that has leveraged the e-learning methodology with an upper hand over the conventional classroom training programs. Needless to say, with web-based & online learning becoming an integral component of the corporate training & development spectrum, e-learning market is certain to carve out a lucrative growth chart in the coming years.

The recession and economic turmoil have forced several global corporations to exercise caution on expenditure and cash outflow. This need for saving expenses have prompted companies to implement drastic cuts in budgets & training costs, downsize operations, and even review employee salaries. Faced with the need to keep the skilled workers during adverse economic conditions, corporates are re-assessing their means of imparting academic knowledge and training. The pressing need to save cost and also to ensure the sustenance of training activities during economic breakdown is fueling the adoption of eLearning tools, thus impelling e-learning market expansion. In 2016, Infosys Ltd., a renowned IT firm announced its collaboration with most recognized e-learning firms Coursera Inc. and edX Inc, to train their personnel regarding artificial intelligence-powered technologies.

The advancements in e-learning market has not only disrupted the corporate sector, but have also impacted the government sector to a vivid extent. On account of growing benefits of implementing eLearning tools, governments of various emerging economies such as India and Brazil, have undertaken several initiatives to widen the scope of such technologies to penetrate in the untapped areas. Reportedly, the Indian Department of Electronics and Information Technology is embracing eLearning centered research and development activities in renowned educational institutes such as IIT and C-DAC across the country.

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The global e-learning market is characterized by high degree of fragmentation and involves greater participation of key as well as the niche market players. The rapid growth of interactive tools and meteoric shift toward technology-centric learning have created huge opportunities as well as challenges for the global leaders to develop more innovative techniques and solutions. Prominent e-learning market players participating in the competitive hierarchy of eLearning market include Apollo Education Group, McGrawHill, Oracle Corp, Desire2Learn, HealthStream, Coursera Inc., SAP, Adobe systems, Cisco Systems, and Pearson. Further analyzing the future scope, industry analysts project eLearning market remuneration to hit a massive USD 300 billion by 2025.

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