Press release
E-Learning Market Eminent Players – Aptara, Inc., Meridian Knowledge Solutions, Adobe Systems, Inc., Citrix Education, Microsoft Corporation, SAP SE, Cornerstone, Learning Pool, NetDimensions., Oracle
How would rapid digitalization across industries fuel the global e-learning market size through 2026?The increasing penetration of the internet and the growing use of smartphones across the world is set to propel the global e-learning market outlook over the forthcoming years. Other factors like rising demand for on-job training from the corporate offices would further add up to the industry share by the end of 2026.
The world is presently witnessing rapid digitalization in the academic, government, and corporate industries, which is driving the adoption of e-learning as online courses and content offer scalability as well as flexibility to learners.
According to a research report by Global Market Insights Inc., the global e-learning market is likely to exceed a valuation of $375 billion by the end of 2026.
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However, major issues such as digital security for e-learning programs, and authenticity of students’ work, would likely hamper growth of the e-learning market over the coming years. Additionally, students learning online often lack a practicality-based approach to learning, which limits their growth by disregarding whether the concepts explained in the program are properly understood or not.
Why is the LMS technology segment set to observe significant demand in the e-learning market landscape?
The LMS (Learning Management System) technology segment is anticipated to observe significant growth over the forthcoming years due to the rising need for improvised enterprise learning objectives. LMS technology platforms enable the tracking, delivery, as well as management of corporate-level e-learning programs, making it a crucial and fundamental part of developing a learning strategy that is effective and efficient.
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Additionally, the integration of AI and cloud technology in the LMS platform are expected to further improve its capabilities and subsequently foster the overall market outlook in a significant manner. Citing an instance, Zoho provides an intuitive cloud-based LMS platform that modernizes training in companies.
Which major factors are driving the expansion of content and service provider segments in the e-learning market?
The content provider segment is projected to observe a significant growth in demand during the forecast timespan as content providers offer sophisticated and reliable courses for teachers and students both. In addition, key market players are collaborating with content providers to enhance their content value and also upgrade their offerings. Combining LMS with learning content provides an effective solution for the users to fulfill their objectives.
Meanwhile, the service segment is also projected foresee appreciative growth due to the increasing demand for user-centric and customized services for the seamless operation of different of digital learning solutions. Citing an instance, MPS Interactive Systems Limited offers managed learning, consulting, and publishing services to further support and consolidate its e-learning solutions.
How is the e-learning market expected to fare in the Asia Pacific over the analysis period?
A notable rise in the number of companies adopting advanced technologies would positively impel the Asia Pacific e-learning market share through 2026. Government agencies across nations like Japan, China, and India are promoting the implementation of newer technologies to foster overall economic development.
In fact, regulatory initiatives like Digital India have supported the digitalization of a number of industry verticals across the country. Moreover, the growing e-learning services demand from businesses and favorable government initiatives would further foster the e-learning market growth across APAC in coming years.
Additionally, increasing investments in e-learning companies should also foster the market share over the coming years. As per the reports, India’s e-learning sector was projected to foresee investments of over $500 million in 2019 from VC and private equity firms looking to buy a stake in educational tech companies. In fact, companies like Byju’s, Upgrad, Toppr, have already brought in investments of more than $1 billion in 2017 and 2018.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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