Global E-Learning Market Size (2022-2030) Share, Industry Trends, Growth, Challenges, and Forecast: Custom Market Insights
Our research report offers a 360-degree view of the E-Learning market's drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the E-Learning market.
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E-Learning Market: Overview
E-learning is electronic learning involving electronic gadgets through which teaching can be done. It has four main types: one-to-one, group, video-based, and course learning. Examples of e-learning platforms include Byju's MOOCs (Massive Online Open Courses), e.g., Coursera or Futurelearn, Udemy, and many others. In addition, e-learning involves smartphones, computers, laptops, and a good internet connection through which knowledge and teaching have been performed.
E-Learning Market: Growth Factors
Technological advancement, upgradation in new electronic product developments, and ease of accessibility to the internet have enhanced the performance of the e-learning market during the forecast period. Furthermore, an article published by World Economic Forum in January 2022 states that the online learning platform Coursera recorded 20 million new student registrations in 2021.
Additionally, cost-effective learning courses and depending on the online platform during the COVID-19 pandemic have driven the market enormously. This factor is anticipated to enhance the overall demand for e-learnings in the growing technological field.
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Moreover, the rise in the demand for electronic gadgets and the advancement of technology in electronic gadgets surged the e-learning market in 2021. For instance, according to an article published by Invest India in November 2022, the electronic devices industry valued at $118 bn in 2019-20 is segmented as Mobile Phones (24%), Consumer Electronics (22%), Strategic Electronics (12%), Computer Hardware (7%), LEDs (2%). Over 2.3X growth in domestic electronics production in 6 years; From $ 29 Bn (FY15) to $ 67 billion (FY21). These factors are expected to increase the potential sales of e-learning in the growing electronics industry in the upcoming years.
E-Learning Market: Key Insights
The LMS technology type segment dominated the market in 2021 and is expected to grow over the forecast period with a total market share of 22.59%.
The content provider application segment will hold a dominant position during 2022 -2031 and grow at a CAGR of 38.59% during the forecast period.
The academic-based application segment dominated the market in 2021 and is expected to grow with a total market share of 34.78% over the forecast period.
North America is the dominant region in the nano-metal oxide market and growing at a CAGR of 42.78%.
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E-Learning Market: Regional Analysis
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. North America is the dominant region in the e-learning market. This region is also anticipated to maintain its dominance throughout the forecast period, with a total market share of 42.78%. Countries such as the U.S., Canada, and Mexico have enhanced the performance of the e-learning market.
Growing awareness regarding the benefits of e-learning apps over traditional practices has improved the e-learning market. In addition, the adoption of IoT, AI-based learning, and the advancement of technology has spurred the demand.
E-Learning Market: Key Players
Articulate Global LLC
Cisco Systems Inc.
Citrix Systems Inc.
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The E-Learning Market is Segmented as follows:
Learning Management System (LMS)
Academic [K-12, Higher Education, Vocational Training]
Corporate [SMBs, Large Enterprises]
On the basis of Geography
Rest of Europe
Rest of Asia Pacific
The Middle East & Africa
Rest of the Middle East & Africa
Rest of Latin America
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