Global E-Learning Market Is Estimated to be Worth $195000 Mn in 2019 and is Projected To Reach $24000 Mn By 2027, At A CAGR Of 8.2% From 2020 to 2027: Proficient Market
At Proficient Market, Global E-Learning Market research report presents a comprehensive overview of market size, share, evolution, trends, and forecast, and growth opportunities of E-Learning market by product type, application, key manufacturers and key regions and countries. This report offers comprehensive analysis on global E-Learning market along with, market trends, drivers, and restraints of the E-Learning market. In-depth study of market size with data Tables, Bar & Pie Charts, and Graphs & Statistics which helps easy to understand detailed breakdown of market.
According to the report, Global E-Learning Market in 2019 stood at USD 195000 million and is expected to reach USD 24000 million by 2027 growing at a CAGR of 8.2% from 2020 to 2027.
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A learning system based on formalized teaching via electronic resources is known as E-learning. While teaching can be based in or out of the classrooms, the use of computers and the Internet forms the major component of E-learning. E-learning can also be termed as a network enabled transfer of skills and knowledge, and the delivery of education is made to a large number of recipients at the same or different times. Increased government push toward online courses and education platform is providing great opportunities to the market players. Moreover, the corporate sectors are focused on hiring skilled and well-trained employees that will offer value to business operations and enhance enterprise productivity.
E-Learning Market Key Players: The research study includes profiles of leading companies operating in the global E-Learning market. Key players profiled in the report include:
Adobe Systems Inc.
Allen Interactions Inc.
Apollo Education Group
CERTPOINT Systems Inc.
Meridian Knowledge Solutions
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Coursepath and ILT Solutions announced an e-learning partnership, to offer its partners and employees a tailor made and fast access to the software tools.
Drivers for the Global E-Learning Market: The rise in the adoption of technology-enabled teaching & training techniques is driving the market growth. Some of the major emerging technologies in the industry include AR & VR devices, AI platform, Big Data, machine learning, and wearable devices. These technologies are allowing several businesses as well as institutions to share and deliver education-based content in innovative and interactive methods. Moreover, several service providers are providing learning platforms to students to help them access study materials online and attend virtual classrooms & chats with any course specialist to clear queries related to various subjects or topics. Increased effectiveness of these programs with the help of PPTs, videos, and animated clips or images is a major factor driving the market growth.
Opportunities for the Global E-Learning Market: The cloud computing has grown prominently from recent years and is anticipated to replace conventional systems over the forecast timespan. As e-learning systems require many hardware and software resources, cloud-based e-learning provides massive reductions in operational costs, allowing users to have exposure to the content through the internet, eliminating the need to download and install specific software requirements for applications. While Learning games in phones and televisions combine entertainment and education for the younger age group. Such factors are anticipated to positively impact the market size.
Restrains for the Global E-Learning Market: Lack of peer to peer interaction is the major drawback of this solutions, which is hampering the growth of the market. While Slow internet connection and poor network are other factors hampering the growth of the market, especially in remote areas. However, everyone is habitual of using conventional ,methods, hence the Adaptability Issues can create a negative impact at the growth of the market. Thus, all these factors are hampering the growth of the E-Learning market.
Region Wise, Global E-Learning Market Analysis: Report covers the region wise analysis, global E-Learning market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Latin America leads the global E-Learning market share followed by Asia-Pacific and Europe. While the Latin America leads the global E-Learning market due to the due to development of educational institutions for uplifting the literacy levels of the region. In markets including Brazil, Mexico, and Argentina, the government bodies are investing highly for developing education platforms for students. With the rise in investments, the demand for cost-effective learning technologies is growing rapidly in the market. Moreover, the rise in the internet access to citizens in the region is accelerating the demand for online courses. The Brazil higher education market has witnessed quantitative and qualitative levels of significant advancements and developments. The development has been the result of an increase in significant enhancement in the quality of education imparted and the number of institutes.
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Global E-Learning Market: Product analysis
Learning Management System (LMS)
On the basis of type, Learning management system (LMS) technology accounted for largest share of total revenue generated. Because, it reduces the training expenses and offer integrated training or learning modules to the employees or students. These software technologies help businesses in documentation, administration, recording, and tracking the employees’ performance or scores. With content delivery, LMS also handles course administration, registering courses, and skill gap analysis. These software tools are has increased applications in different sectors such as compliance training, financial services, online assessment, computer-based training, application sharing, and collaborative learning. Moreover, companies are also utilizing LMS tools as performance management systems that encompass competency management and employee appraisal, augmenting the e-learning market demand.
Global E-Learning Market: Application analysis
Academic [K-12, Higher Education, Vocational Training]
Corporate [SMBs, Large Enterprises]
The demand of Global E-Learning Market is highest from Corporate [SMBs, Large Enterprises]due to the increased demand for effective training courses for employees. The corporate businesses are investing highly in incorporating modern learning technologies into their facilities to help employees to understand business policies and their job roles through an interactive medium. These businesses are transforming their traditional training techniques that include workshops and conferences to more affordable and efficient electronic training platforms. They allow companies to train new or promoted employees through video or software-based training programs as it becomes difficult for the corporate sectors to employ a different trainer, every time a new employee is appointed. Thus all these factors are boosting the market.
Global E-Learning Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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