E-Learning Market to Worth $491.35 Billion by 2028, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast 2023-2028 - Arizton

According to Arizton's latest research report, the e-learning market is growing at a CAGR of 13.28% during 2022-2028.

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Digital Transformation Revolutionizes Corporate Learning and Workforce Development  

Digitization influences the way institutions and corporates work by offering just-in-time training solutions. Education has become more goal-oriented and measurable. Learning is no longer confined to a particular place or time. Digitization in learning has become a key success factor for corporations. The advanced application of technologies develops new standards for corporate learning and training. It helps transform the traditional way of doing things, as quick changes, such as work by innovative technologies, pose challenges for organizations. Businesses have become more intercontinental and globalized, thereby increasing the adoption of remote working and telecommuting.   

By 2030, the skills required in the workforce will be drastically distinct from those valued today. Appropriate learning and training strategies are required to cope with the new transformation in technology. Organizations will be more focused on digitized learning. Automation and artificial intelligence will accelerate the shift in skills required by the workforce. Alleviating organizational risks from shifting workforce trends requires various strategies, including redeploying, retraining, and hiring. Hiring individuals with the required skills will necessitate the elements of learning and development.   

Moreover, adopting 5G technology in the education sector has brought huge transformations in the learning experience with high video and audio quality and a seamless VR experience. The concept of virtual classrooms could be enhanced through 5G technology using high-performance AR and VR technologies. The holographic visuals will engage learners more effectively and help improve their learning standards. The concept of adopting 5G technology is at a nascent stage. It is expected to grow as many E-learning companies are expected to start developing applications compatible with 5G technology.  

E-Learning Landscape with Advanced Infrastructure and Diverse Tech-Enabled Education Platforms Gaining Popularity in the US   

Nearly 83% of classrooms in the US are equipped with high Wi-Fi accessibility, thereby engaging in new types of internet-based content, including virtual and augmented reality.  

The United States outperforms major industrialized economies across various measures when it comes to the implementation of E-learning. In 2022, the country had a well-developed communication infrastructure, with internet penetration exceeding 91% and smartphone penetration exceeding 96%. Although the literacy rate in the country has remained steady over the previous decade, over 15% of the American population cannot read. Furthermore, 18%-21% of American adults have a reading level below the fifth grade. Therefore, the US leads to a promising future for the E-learning industry.   

Packaged Content to Dominate the E-Learning Market  

Packaging content encompasses raw material, assembly, delivery, and information presentation. Assessments and the questions that comprise them are a subset of learning content that is now addressed by a different set of specifications. Questions and tests can be moved between systems when learning content is addressed. The IMS Question and Test Interoperability (QTI) standard aims to standardize assessment packing and delivery.  

The demand for E-learning as packaged content is growing, owing primarily to corporates' need to gain skills. For example, expertise in businesses such as virtual reality, artificial intelligence, and big data are in high demand. This has resulted in tremendous company growth over the last few years. With increasing corporate requirements, the bundled E-learning content industry will continue to rise.  

Packaged content standards and specifications aim to allow organizations to transmit content from one learning system to another. It is important because the content can be developed by one tool, modified by another, stored in a depository kept by one vendor, and used in the delivery environment created by distinct suppliers. Content packages are the process of putting objects and information together to create larger learning units.  

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Latest Update! 

Arizton Releases Focus Insights Report on E-Learning Market. 

Arizton provides an in-depth market insights report on the APAC e-learning market and the US e-learning market. Arizton provides information on the industry's key issues, existing market landscape, regulatory concerns, risks & opportunities, technology evolution, and future commercial potential.  

This report provides a comprehensive and current market scenario of the e-learning market across various regions, including market size, anticipated market forecast, relevant market segmentations, and industry trends.   

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The APAC e-learning market is reportedly in the early growth stage as various factors support its growth. Progressive government policies and the surge in indigenous consumption due to demographic trends have driven infrastructure development in the region. This is crucial in drawing Foreign Direct Investment (FDI) and migration and interaction with the developed world to this region. The APAC region is projected to see incremental growth during the forecast period. This is due to increased funding from top investors from China, and growing technological infrastructure with favorable government policies is expected to drive the market during the forecasted period. Hence, this is expected to drive the e-learning market in various APAC countries.

The U.S. e-learning market exceeds others in innovation and certification standards, which bodes well for product development and business structure, where competitiveness is often measured in terms of involvement, degree of customization, and content quality rather than price. The price-based competition will likely intensify with the emergence of cheap subscriptions and freemium cloud goods, particularly from smaller growing enterprises.

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U.S. E-Learning Market: https://www.focusreports.store/report/us-e-learning-market-focused-insights

APAC E-learning Market: https://www.focusreports.store/report/apac-e-learning-market-focused-insights

Key Company Profiles
Apollo Education Group

Blackboard

British Council

Oracle

Pearson

Aptara

Adobe

Skillsoft

NIIT

Cisco

Instructure

GP Strategies

Thomson Reuters

Docebo

McGraw Hill

Desire2Learn

Edmodo

Cengage

Macmillan Education

Cornerstone

Educomp

Cogna Educacao

Telefonica

edX

Estacio

Coursera

SAP Litmos

Open Education

Veduca

LinkedIn (Microsoft)

Simplilearn

Think & Learn (BYJU'S)

upGrad

LeQuest

FutureLearn

L2P (Learn 2 Play)

Chegg

Bright Little Labs

Aula Education

WhiteHat Security

Blinkist

Age of Learning

Learnetic

Elearn Australia

360Learning

Udemy

Skillshare

Udacity

Pluralsight

Alison

Babbel

Treehouse

Unacademy

Duolingo

Tracxn Technologies

IGNOU

BenchPrep

Coassemble

Codecademy

CrossKnowledge

FutureLearn

GoSkills

iHASCO

ITPro

Khan Academy

MasterClass

OpenSesame

Rosetta Stone

Teachlr

DataCamp

BrainStation

Cengage Learning India

Estácio

Telefónica Learning Services

Learnetic

Market Segmentation  
Delivery Mode: Packaged Content, LMS, and Others
Learning Mode: Self-paced and Instructor-led
Function Type: Training and Testing
End-user: Corporate, Higher Education, K-12, Government, and Vocational
Geography: APAC, North America, Europe, Latin America, Middle East & Africa

Key Questions Answered in the Report:
How big is the e-learning market?
What is the growth rate of the global e-learning market?
What are the growing trends in the e-learning market?
Which region holds the most significant global e-learning market share?
Who are the key players in the global e-learning market?

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This release was published on openPR.