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Academic e-Learning Market Worth, Revenue, Industry Analysis, Overview - Valuates Reports
The market penetration for eLearning technologies has grown tremendously. Key drivers of the academic eLearning market include growing usage of smartphones, internet connectivity, and rise in trends of gamification, microlearning.
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The worldwide shift towards remote learning models during the pandemic and the need for a convenient, cheaper mode of learning systems will drive the growth of the academic eLearning market during the forecast period.
Moreover, the advent of AI and machine learning in the eLearning space will create lucrative opportunities for market growth in the coming years.
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Trends Influencing the Global Academic eLearning Market
Smartphones, internet connectivity, gamification, and microlearning
The growing internet penetration and rise in usage of smartphones have simplified the entire eLearning process. Schools, universities are able to offer flexible course delivery, resources and promote interaction digitally. Moreover, concepts like gamification and microlearning provide short-duration information in a visually fun way for boosting engagement and retention rates amongst learners. Online learning through gaming rewards, points, challenges increases the fun quotient and boosts productivity. eLearning has gained popularity both in colleges and organizations. These factors are expected to propel the growth of the academic eLearning market during the forecast period.
Growth remote learning during covid-19
The growth of online learning platforms has increased substantially during the pandemic. Covid 19 has led to the closure of many schools, colleges, and workplaces around the world. Digital interaction has exploded with a widespread shift towards work from home and online classes. Institutes and organizations are imparting knowledge through online modes thereby boosting growth. Moreover, eLearning leads to better information retention and takes much less time than classroom learning. The popularity of these platforms will continue to rise further in the future ultimately creating huge growth for the academic eLearning market in the coming years.
Advent of AI and machine learning tools
The emergence of Artificial intelligence and machine learning algorithms in the online learning space has created huge opportunities for market expansion. Artificial intelligence offers personalized learning suitable for each candidate. AI and machine learning analytics recommend and provide adaptive learning tools to users in the form of audio, video, text as per individual suitability. The resource efficiency, continuous feedback, and content improvement models further better the overall learning outcomes. These added benefits will fuel widespread adoption thereby driving the growth of the academic eLearning market in the near future.
Academic eLearning Market
Based on type, the online segment is expected to grow the highest in the academy eLearning market share with 90% market penetration during the forecast period.
Based on application, the higher education segment dominated with a 51.8% share in 2019 and will provide lucrative opportunities for growth in the academic eLearning market share.
Based on region, North America is expected to maintain huge growth in the academic eLearning market share due to the presence of key players.
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Academic eLearning Market
By Type
• Online
• Blended
By Type
• K-12
• Higher Education
• Vocational
By Region
North America
• US.
• Canada
Europe
• Germany
• France
• UK.
• Italy
• Russia
• Nordic
• Rest of Europe
Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
Latin America
• Mexico
• Brazil
• Rest of Latin America
Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA
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By Company
• Berlitz
• Blackboard
• D2L
• Instructure
• GP Strategies
• 2U Inc
• Wiley (Knewton)
• SAI Global
• Cornerstone
• Udemy
• LearnWorlds
• Teachabl
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