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Blended Learning Market Size, Share, Growth, Outlook Report To 2033
Blended Learning Global Market
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According to The Business Research Company's, The blended learning market size has grown rapidly in recent years. It will grow from $22.05 billion in 2023 to $24.83 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to internet accessibility, educational policy funding, demand for flexible learning options, corporate training for lifelong learning, and innovations in educational software and research.
The blended learning market size is expected to see rapid growth in the next few years. It will grow to $40.47 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to technological advancements, government policies and funding, changing educational demands, cost-effectiveness, and workforce development needs. Major trends in the forecast period include increased adoption in K-12 education, corporate training and development, advancements in EdTech solutions, the rise of microlearning, and mobile learning.
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Market Drivers and Trends:
The rising trend of online learning is expected to propel the growth of the blended learning market going forward. Online learning is an educational process that takes place over the Internet. The trend toward online learning is growing due to its flexibility, accessibility, and ability to cater to diverse learning needs and schedules. Online education supports blended learning by providing a flexible and accessible platform for delivering educational content, engaging students in interactive learning activities, and facilitating communication and collaboration between teachers and students. For instance, in January 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, more than 92 million new learners registered for Coursera's online courses in 2021, up from 71 million in 2020, marking a 29.6% increase. Regionally, the Asia Pacific saw the largest student presence on this platform, with 28 million new online learners enrolling in 68 million courses, followed by North America, Europe, and Latin America. Therefore, the rising trend of online learning is driving the growth of the blended learning market.
Major companies operating in the blended learning market are increasing their focus on developing innovative products, such as blended learning laptops, to meet evolving educational needs and enhance the learning experience. Blended learning laptops are designed to facilitate the blended learning approach, combining online and in-person educational methods. These laptops often have features such as robust internet connectivity, high-quality video conferencing capabilities, and interactive software. For instance, in January 2022, The Hewlett-Packard Company (HP), a US-based computer hardware company, launched the HP Fortis portfolio, specifically designed for blended learning environments. These devices are built to withstand the demands of active and mobile learners, providing durability and mobility essential for seamless blended learning experiences. The portfolio includes a variety of devices, such as laptops and Chromebooks, to accommodate different learning needs.
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Major Key Players of the Market:
2U Inc., Blackboard Inc., Udemy Inc., Coursera Inc., Articulate 360, Pluralsight LLC, D2L (Desire2Learn), Skillshare, Docebo Inc., Udacity Inc., Moodle, Absorb LMS, Teachable, Thinkific, Khan Academy, FutureLearn, LearnUpon, Knewton, Schoology, iSpring Solutions, TalentLMS, LearnWorlds, LinkedIn Learning, Google Classroom, Bridge, Mindflash LMS
Blended Learning Market 2024 Key Insights:
• The blended learning market size is expected to see rapid growth in the next few years. It will grow to $40.47 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%.
• Rising Online Learning Trend Drives Blended Learning Market Growth
• Innovative Product For Providing Advanced Blended Learning
• North America was the largest region in the blended learning market in 2023
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