E-Learning Market Size is To Reach US$ 521.8 Billion by 2027 at a Growth Rate (CAGR of 9.9%) | Forecast Report

According to IMARC Group's latest report, titled "E-Learning Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global e-learning market size reached US$ 253.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 521.8 Billion by 2027, exhibiting at a growth rate (CAGR) of 9.9% during 2022-2027.

This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Electronic learning, or e-learning, is a systematized training process wherein several information and communication technologies (ICTs) are used to teach and deliver instruction through specially created digital resources. It allows users to exchange content and participate in interactive sessions while having access to various learning materials, including webinars, online notes, and e-books. E-learning is self-paced, adaptable, ensures efficient transfer of knowledge and skills to learners, and lowers lodging expenses. Consequently, e-learning is utilized by diverse educational institutions to provide a remote learning experience with the usage of PCs to allow fast delivery of courses.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

E-Learning Market Trends:

The continuous innovation in e-learning technologies and the widespread adoption of the remote schooling model, especially during the COVID-19 pandemic, owing to their affordablility and practical learning experience, are primarily driving the market growth. Additionally, rising government initiatives to enhance existing educational infrastructures by providing several digital resources and private funding for K-12 education is favoring the market growth.
Moreover, the rising penetration of the internet and the extensive integration of artificial intelligence (AI), machine learning (ML), and the internet of things (IoT) solutions to offer an immersive learning experience to students are propelling the market growth. Besides this, the escalating uptake of e-learning platforms by small and medium-sized enterprises (SMEs) to give tailored learning and training videos with exclusive support materials on diverse topics, such as marketing and management strategy, to enhance technical attributes of employees is supporting the market growth.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

The report has also analysed the competitive landscape of the market with some of the key players.

• Adobe Inc.
• Aptara Inc. (iEnergizer)
• Blackboard Inc.
• Cisco Systems Inc.
• GP Strategies Corporation
• Instructure Inc. (Thoma Bravo)
• Oracle Corporation
• Pearson Plc
• SAP SE
• Skillsoft Corporation
• Thomson Reuters Corporation (The Woodbridge Company).

Key Market Segmentation:

The report has categorized the market based on technology, provider and application.

Breakup by Technology:
• Online E-Learning
• Learning Management System
• Mobile E-Learning
• Rapid E-Learning
• Virtual Classroom
• Others

Breakup by Provider:
• Services
• Content

Breakup by Application:
• Academic
• K-12
• Higher Education
• Vocational Training
• Corporate
• Small and Medium Enterprises
• Large Enterprises
• Government

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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