The global e-learning market size is expected to reach $65.41 billion by 2023, growing at a CAGR of 7.07% 2017-2023.
This market research report on the e-learning market offers analysis on market size and forecast, market share, industry trends, growth drivers, and vendor analysis. It includes insights on 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).
E-Learning Market – Overview
The introduction of technology-enabled learning that helps organizations train human resource is driving the growth of the global e-learning market. These training modules offer continuous and effective learning at an optimal cost and provide customized course content that meets the specific requirements of end-users. The advent of cloud infrastructure, peer-to-peer problem solving, and open content creation will help to expand business opportunities for service providers in the global e-learning market.
Vendors are also focusing on offering choices on the course content at competitive prices to gain the share in the global e-learning market. The exponential growth in the number of smartphone users and internet connectivity across emerging markets is driving the e-learning market in these regions. The introduction of cloud-based learning and AR/VR mobile-based learning is likely to revolutionize the e-learning market during the forecast period.
Major vendors are introducing technology-enabled tools that can facilitate the user engagement, motivate learners, and help in collaborations, thereby increasing the market share and attracting new consumers to the market. The growing popularity of blended learning that enhances the efficiency of learners will drive the growth of the e-learning market. The e-learning market is expected to generate revenue of $65.41 billion by 2023, growing at a CAGR of 7.07% during the forecast period.
E-Learning Market – Dynamics
The increasing number of mobile users and the growing trend of social media learning are augmenting the growth of the global e-learning market. E-learning content developers are focusing on developing bit-sized lessons and deploying learning modules in sprints to match the daily routine of mobile users. Services providers are focusing on developing new e-learning content through continuous news feeds, peer-to-peer challenges, flashcards, and content collaboration to attract many consumers and introduce learning modules.
The growth of the social media is paving the way for the emergence of new education paradigms such as hybrid and online learning. These new learning methods ensure the maximum amount of