New York, United States , June 26, 2024 (GLOBE NEWSWIRE) -- The Global E-learning Market Size is to Grow from USD 305.97 Billion in 2023 to USD 1515.97 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 17.35% during the projected period.
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E-learning refers to electronic learning as well as electronic devices on which learning can be done. There are four main types of e-learning, namely, one-to-one, group, video-based, and course learning. Increasing implementation of e-learning software to complement learning content requires an engaging and collaborative learning environment, activities that focus more on human capital growth, and an increasing concentration of the youth population towards online e-learning modules. The global development of high-speed Internet connectivity has made e-learning more widely accepted. As more people have access to the Internet, students can more easily access online courses and resources. Ongoing technological developments including artificial intelligence (AI), machine learning, virtual reality (VR), and augmented reality (AR) have improved the efficiency and engagement of e-learning platforms. By eliminating geographical boundaries, e-learning enables businesses and educational institutions to reach a worldwide audience. The trend of globalization has increased the need for online learning solutions. However, the digital divide matters globally and across geographic regions in terms of differences in access to technology and the Internet. A reliable Internet connection or proper access to necessary equipment may be out of reach for some students, making it difficult for them to participate in e-learning programs.
Browse key industry insights spread across 231 pages with 120 Market data tables and figures & charts from the report on the "Global E-learning Market Size, Share, and COVID-19 Impact Analysis, By Technology (Online E-learning, Learning Management System, Mobile E-learning, Rapid E-learning, Virtual Classroom, and Others), By Provider (Services and Content), By Application (Academic, Corporate, and Government), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The online e-learning segment is anticipated to hold the greatest share of the global e-learning market during the projected timeframe.
Based on the technology, the global e-learning market is divided into online e-learning, learning management systems, mobile e-learning, rapid e-learning, virtual classrooms, and others. Among these, the online e-learning segment is anticipated to hold the greatest share of the global e-learning market during the projected timeframe. This is attributed to the online e-learning segment, which includes a wide range of educational and training materials delivered over the Internet, accessible through web browsers and apps. It is popular for its convenience and accessibility, enabling learners to access content from anywhere with an Internet connection.
The content segment is anticipated to hold the greatest share of the global e-learning market during the projected timeframe.
Based on the provider, the global e-learning market is divided into services and content. Among these, the content segment is anticipated to hold the greatest share of the global e-learning market during the projected timeframe. This can be attributed to the growing need for high-quality educational materials. Content highlights the creation and curation of engaging educational content, including video lectures, written materials, interactive exercises, and multimedia resources. They often provide a library of courses covering a wide range of subjects and industries.
The academic segment is predicted to hold the greatest share of the e-learning market during the estimated period.
Based on the application, the global e-learning market is divided into academic, corporate, and government. Among these, the academic segment is predicted to hold the greatest share of the e-learning market during the estimated period. It is attributed to the Department of Education, which includes all levels of educational institutions from K-12 to higher education. E-learning is becoming an essential part of modern education, conducive to flexibility in course delivery and accessibility to a wide range of subjects. Educational institutions practice online learning for remote learning, supplemental materials, flipped classrooms, and entirely online degree programs.
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North America is expected to hold the largest share of the global e-learning market over the forecast period.
North America is expected to hold the largest share of the global e-learning market over the forecast period. This demand can be attributed to the increasing demand for e-learning services to deal with the increasing implementation of digital technologies in education and training. Individuals are opting for e-learning services to enhance their knowledge and skills. Educational institutions, meanwhile, are opting for e-learning services to offer academic courses to students, while government agencies and corporations are using e-learning services to inform their staff and employees of appropriate training. Case in point, Armacell, a provider of engineered foams and flexible foams for equipment insulation, announced Armacell Academy, a new e-learning platform designed to train customers, suppliers, and employees in North America.
Asia Pacific is predicted to grow at the fastest pace in the global e-learning market during the projected timeframe. The Asia Pacific e-learning market is predicted to be impacted by increasing smartphone saturation and rapid urbanization. This increases the likelihood that these devices will be used by users to access learning and educational content, ultimately giving marketers a higher potential user base to target. This is attributed to the wide acceptance of learning apps like Udemy, Byjus, Coursera, Unacademy, and others.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.Major vendors in the Global E-learning Market include McGraw Hill, SAP SE, IBM Corporation, upGrad Education Private Limited, NIIT Inc., Adobe, LinkedIn Corporation, Docebo, Coursera Inc., BYJU’S, edX LLC, Udemy, Inc., Udacity, Inc, Oracle Corporation, and others.
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Recent Developments
- In November 2023, Asia Society Texas (AST) introduced the launch of “Asia in the Classroom”, an advanced online learning platform for K-12 students that will exponentially develop important tools essential for students and educators to acquire the ineffable narratives of Asia and Asian Americans.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global E-learning Market based on the below-mentioned segments:
Global E-learning Market, By Technology
- Online E-learning
- Learning Management System
- Mobile E-learning
- Rapid E-learning
- Virtual Classroom
- Others
Global E-learning Market, By Provider
- Services
- Content
Global E-learning Market, By Application
- Academic
- Corporate
- Government
Global E-learning Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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