Global E-Learning Market to Record Strong CAGR of 17.5%

Global E-learning market size was valued at $197 billion in 2020, and is projected to reach $840.11 billion by 2030, registering a CAGR of 17.5% from 2021 to 2030.

The outbreak of COVID-19 is anticipated to have a positive impact on growth of e-learning market. This is attributed to designing and implementation of government policies intended to promote learning during the lockdown. In addition, e-learning became an integral part of the learning process and COVID-19 has made online assessment practices essential for learning. Furthermore, during the pandemic period, employees and organizations desperately look for online methods for accurately analyzing learner's knowledge, ability, and skill for better assigning of the work. Moreover, many global organizations partnered with e-learning platforms to identify and improve the skill of their employees.

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For instance, in July 2020, Google partnered with Central Board of Secondary Education (CBSE) to digitize classrooms in India. With the partnership, Google is expected to work with CBSE Skill Education and Training to allow one million teachers in 22,000 schools in India to deliver blended learning that combines the classroom approach with online learning. Thus, growth in number of such collaborations drives the growth during the COVID-19 pandemic.

Many e-learning platforms have integrated AI technology to convert 'spoken language into captions and transcripts', thus helping the hearing-impaired comprehend the subject easily. Furthermore, the key factor that drives the market includes rise in the adoption of advanced e-learning systems and increase in adoption of cloud-based e-learning platform.

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In addition, surge in use of AI and machine learning in e-learning system boost the growth of market across the globe. However, factors such as lack of face-to-face interactions in the E-learning systems and lack of practical knowledge have limited the growth of the E-learning market. On the contrary, emergence of several trends such as micro learning, gamification, adoptive learning, and mobile learning are expected to offer remunerative opportunities for the expansion of the market during the forecast period.

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Key Findings Of The Study
• By provider, the content provider segment accounted for the largest e-learning market share in 2020.
• Region wise, North America generated highest revenue in 2020.
• Depending on deployment model, the cloud segment generated the highest revenue in 2020.

The key players profiled in the e-learning market analysis are -
• Adobe
• Aptara Inc.
• Articulate Global, LLC
• CERTPOINT
• Cisco Systems, Inc.
• Citrix Systems, Inc.
• D2L Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE

These players have adopted various strategies to increase their market penetration and strengthen their position in the e-learning industry.

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