E-learning Market in APAC to Worth Over $19 Billion by 2023 | Arizton

The growing demand for examination training for GRE, GMAT, TOEFL, and IELTS will create business opportunities for vendors in the e-learning market in APAC.

Arizton’s recent market research report on the e-learning market identifies Apollo Education Group Inc., BlackBoard Learn, The British Council, Oracle, and Pearson PLC as the leading vendors that are likely to dominate the market during the forecast period. This research report provides detailed analysis of market segmentation by delivery mode (packaged content, SaaS/LMS, and others), learning mode (self-paced and instructor-led), type (training and testing), end-user (K-12, higher education, corporates, government, and vocational), and geography (North America, APAC, Europe, MEA, and Latin America).

The e-learning market is expected to grow from $43.42 billion in 2017 to $65.41 billion by 2023, growing at a CAGR of 7.07% during the forecast period.

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The e-learning market is divided into five major segments that include delivery mode, learning mode, type, end-user, and geography.

APAC to grow at a significant CAGR in the e-learning market during the forecast period

The global e-learning market by geography is segmented into North America, APAC, Europe, MEA, and Latin America.

APAC is growing at a tremendous rate in the e-learning market at a CAGR of 8.20% and is expected to generate revenue of $19.79 billion during the forecast period.

The growing trend to adopt and prefer value-added products and services that can save time and improve productivity, conscious of technology developments and its potential impact on their lives, is driving the growth of the e-learning market in APAC. Countries such as India, China, and Japan are the largest revenue contributors in the e-learning market in APAC.

SaaS/LMS to grow at the fastest CAGR in the e-learning market during the forecast period

The delivery mode segment in the e-learning market is categorized into packaged content, SaaS/LMS, and others.

The SaaS/LMS delivery segment is the fastest growing segment in the e-learning market with a CAGR of 15.97% and is expected to reach revenues of $19.29 billion during the forecast period.

Software-as-a-service (SaaS) is software hosted over the internet in corporate offices. SaaS/LMS plays a major role in training organizations, employers, and employers and helps them connect to the cloud platform. The easy maintenance of the system, technical scalability, and swift software deployment are some of the primary factors boosting the adoption of SaaS/LMS in the global e-learning market. The three types of SaaS applications used in corporate offices for training include customer relationship management SaaS, enterprise resource planning SaaS, and human resources management SaaS. The incorporation of these applications for employee career development will propel the growth of the e-learning market during the forecast period.

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Instructor-led teaching to grow at an impressive CAGR in the e-learning market during the forecast period

The e-learning market by learning mode is divided into self-paced and instructor-led teaching.

The instructor-led learning mode is the fastest growing segment in the e-learning market and is growing at a CAGR of 14.33% and is projected to reach the value of $21.87 billion by 2023.

The instructor-led e-learning technique ensures the flexibility of learners, instructors, professors, or facilitators and reduces the distance gap between students and teachers to ensure quick resolution of any issues or doubts in the course material. Instructor-led teaching helps save the cost of travel and increase efficiency and productivity. Factors such as reduce costs, convenience, modular design, and increased capacity, scalability, and diversity will augment the growth of the global e-learning market over the next few years.

The other prominent players in the e-learning market include Docebo, McGraw-Hill eLearning Group, Aptara, Desire2Learn, Edmodo, Skillsoft, Cengage Learning, Macmillan Education, Cornerstone OnDemand Inc, and Educomp.

The complete overview of the latest market research report on the e-learning market by Arizton is now available.

The report offers a detailed study of major trends, drivers, challenges, and provides the market size and forecast for major geographical regions and key countries.

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