Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Global E-Learning Market 2030 by Provider, Course Type, Technology, Learning Mode, Delivery Mode, End-user and Region - Partner & Customer Ecosystem Competitive Index & Regional Footprints" report has been added to ResearchAndMarkets.com's offering.
The E-Learning Market size is estimated to grow from USD 400 Billion in 2022 at a CAGR of 14% during the forecast period from 2023 to 2030.
E-learning, also referred to as electronic learning, denotes the method of acquiring knowledge and learning through electronic technologies, primarily utilizing the internet. This encompasses the delivery of educational content, courses, and instructional materials to remote learners by means of digital platforms, tools, and resources.
The landscape of education has been significantly transformed by e-learning, ushering in online classes, virtual classrooms, webinars, training videos, interactive modules, and digital assessments. This approach enables students to conveniently access learning materials from anywhere with an internet connection and progress through their studies at their own pace.
In the automotive industry, which relies heavily on experts to navigate intricate operations, a predicament has arisen due to the mounting concerns over the scarcity of qualified professionals possessing requisite technical skills. This situation poses challenges for automobile companies, particularly in the domains of recruiting and retaining proficient personnel.
The automotive sector is experiencing rapid expansion, driven by advancements in fields like electric vehicles, autonomous driving, connected automobiles, and technology integration. These progressions necessitate a workforce equipped with current knowledge and competencies in disciplines such as mechanical engineering, electrical engineering, computer science, and data analysis.
The expansion of the higher education domain, combined with the rising prevalence of internet access, will provide a boost to the development of the e-learning market. The demand for e-learning is on the rise due to factors such as adaptable course structures, a multitude of certification options, and a more accessible learning curve when compared to traditional classroom setups.
Educational institutions in higher education are harnessing the advantages offered by Learning Management System (LMS) technology to deliver top-tier education to their students. In the pursuit of advanced skills for job placement, academic advancement, and the seamless pursuit of more challenging courses, students engaged in higher education are progressively gravitating towards e-learning platforms.
The Growth of E-Learning Market Driven by Increasing Demand for Flexible and Personalized Learning Experiences
A major factor propelling the e-learning market is the surging demand for adaptable and individualized learning encounters. As learners yearn for educational experiences that seamlessly match their unique timetables, preferences, and learning methodologies, e-learning platforms provide the advantage of effortlessly accessing educational content from any location with an internet connection.
This elasticity empowers learners to harmonize their educational pursuits with their other obligations, such as work or family commitments. Additionally, e-learning platforms frequently integrate attributes such as adaptive learning algorithms and personalized content recommendations. These technological facets effectively cater to the varied learning requirements of individuals by molding the learning journey to their strengths, areas for improvement, and progression.
This custom-tailored approach intensifies engagement, comprehension, and retention, ultimately yielding more efficacious learning outcomes. Therefore, the impetus behind the quest for versatile, personalized learning experiences aligns harmoniously with the convenience and versatility furnished by e-learning platforms. This synergy establishes it as a significant propellant in the expansion of the e-learning market.
Increasing adoption of micro learning
One prominent trend in the e-learning market is the increasing adoption of microlearning. Microlearning involves delivering educational content in small, focused, and easily digestible units. This approach contrasts with traditional lengthy courses, as microlearning modules are designed to be concise and address specific learning objectives.
Microlearning leverages the principles of short attention spans and on-the-go learning. With the proliferation of mobile devices, learners can access microlearning content anytime and anywhere, making it suitable for learners with busy schedules. This trend is driven by the recognition that learners often prefer brief and targeted learning experiences that can be seamlessly integrated into their daily routines.
Microlearning modules cover single topics or skills, providing quick bursts of knowledge that are more likely to be retained. This aligns well with the modern need for efficient, just-in-time learning, where learners seek information precisely when it's relevant to them. In essence, the growing emphasis on microlearning addresses the changing preferences and demands of learners in a fast-paced digital age, shaping the landscape of the e-learning market.
North America Dominated the E-Learning Market during the forecast period
In 2022, North America dominates the regional market and is projected to grow at a significant CAGR. The demand for e-learning from the institutional segment in the region is driven by high awareness of their advantages over conventional offline learning models, better technological infrastructure, and extensive reach of innovative learning and training solutions.
The same is further reinforced by technology-leveraged industries that warrant an advanced degree of language proficiency, functional and vocational expertise, and soft skills. The high demand for e-learning solutions in the US mainly influences the market growth in North America. Due to the growing trend of employing online courses and learning materials as a viable substitute for traditional classroom instruction, the market is booming.
This is fueling the growth and acceptance of e-learning solutions across all industries. The region's high average disposable income, rapid smartphone proliferation, and advancements in the development of interactive and gamified learning platforms are the primary factors projected to drive market growth in terms of user base and subscriptions. Factors such as an increase in the spending power of millennials, high adoption of smartphones, inclination toward new technology, and high urbanization are driving the growth of the e-learning market in the region.
On the other hand, the Asia-Pacific region is experiencing the most rapid growth within the worldwide e-learning market. The expansion of the APAC e-learning market is poised to be influenced by the escalating adoption of smartphones and the swift pace of urbanization. This trend augments the likelihood of individuals using these devices to access educational content and learning materials, consequently resulting in a larger potential user pool that vendors can target.
Company Profiles
- Adobe Inc.
- Pearson plc
- Blackboard Inc.
- Oracle Corp.
- Cisco Systems Inc.
- Instructure Inc.
- Thomson Reuters Corp.
- GP Strategies Corp.
- NIIT Ltd.
- Skillsoft Corp.
- Aptara Inc.
- Microsoft Corporation
- SAP SE
- Articulate Global, LLC
- CERTPOINT
Major Classifications are as follows:
By Provider
- Content Provider
- Service Provider
By Course Type
- Primary and Secondary Education
- Higher Education
- Online Certification & Professional Course
- Test Preparation
By Technology
- Online E-Learning
- Learning Management System
- Mobile E-Learning
- Rapid E-Learning
- Virtual Classroom
- Others
By Learning Mode
- Instructor-Led
- Self-Paced
By Delivery Mode
- Learning Management Software
- Packaged Content
- Others
By End-user
- Academic
- K-12
- Higher education
- Vocational training
- Corporate
- SMBs
- Large enterprises
- Government
By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest of Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/wlj5bk
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