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Global E-Learning Market Surges by 2030: New Report Unveils Unprecedented Growth Trends

05-23-2024 12:48 PM CET | IT, New Media & Software

Press release from: Allied Market Research

E-Learning Market

E-Learning Market

According to a recent report published by Allied Market Research, the global e-learning market size was valued at $197.00 billion in 2020, and is projected to reach $840.11 billion by 2030, registering a CAGR of 17.5% from 2021 to 2030.     

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E-learning is type of learning where teaching is done through purely digital means such as recorded videos and e-book. E-learning helps students and workers to learn at their own pace and time. In addition, 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.

In addition, surge in use of AI and machine learning in e-learning systems boost the global market growth. 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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By provider, the content segment held the highest market share in 2020, with nearly three-fourths of the market. Growing digitization in public and private enterprises, along with rising adoption of online tutoring by several organizations will help in the growth of the segment. The service segment, however, is anticipated to have the highest CAGR of 17.5% in the analysis timeframe. Increasing shift of different countries from analog to digital information exchange will strengthen the segment's position.

By deployment mode, the cloud segment accounted for the largest market share in 2020, with around three-fifths of the total market. The ability of cloud services to upload huge content in different formats including videos and texts will augment the growth of the segment. Also, the cloud segment is expected to have the fastest CAGR of 16.6% during the forecast period.

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Region-wise, the e-learning market was dominated by North America in 2020, and is expected to retain its position during the forecast period. This is attributed to several factors such as penetration of new industries and economic improvement. In addition, presence of growing number of e-learning solution vendors across the U.S. and Canada is expected to provide lucrative opportunities for the E-learning market. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to wide presence of small and medium-scale organizations, which are turning toward e-learning solutions to efficiently manage their business processes, particularly in developing countries such as China, India, and Singapore.

Major companies in the market:

Aptara Inc.
Cisco Systems, Inc.
D2L Corporation
Articulate Global, LLC
Citrix Systems, Inc.
Microsoft Corporation
CERTPOINT
Adobe
Oracle Corporation
SAP SE

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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. 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.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains. 

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

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