3 technology trends that will drive the Global E-learning markets to reach $ 400 Bn by 2027 says a report by Ken Research

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Global E-learning Market Ecosystem

Global E-learning Market is at a growing stage. It is a fragmented market with the presence of many e-learning companies. The e-learning market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more personalized learning platform. Few major global e-learning players are Aptara, Inc, Adobe Systems Inc, Cornerstone, Citrix Education, Meridian Knowledge Solutions, Microsoft Corporation etc.

E-learning Global Service Provider Market

1.Mobile Learning Technologies are Growing at a Fast Pace

The mobile learning technology has witnessed faster adoption in the eLearning market with the increased use of smartphones. Many application-based knowledge platforms are being developed which allow smartphone users to gain insights into any topic in real-time. Some educational institutes and universities develop their own mobile-based applications that allow the students to log in to the student portal and get access to the missed lectures. A few prominent mobile applications currently in use in the corporate sectors are Udemy, Skill Pill, Design Jot, and Boost HQ. Furthermore, the developers in the market also offer a game-based application platform that is used for teaching children with the help of interactive animated videos and pictures. These technologies enable schools to enhance the logical & reasoning skills and IQ of their students.

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2.Increasing Use of VR and AR Applications to Create Lucrative Opportunities for the Global E-learning Market

Virtual reality technology facilitates deep learning by decreasing danger and immersing learners in a new setting. Because they provide practical answers, AR and VR technologies are increasingly being employed in the classroom. Virtual reality is being used to carry out complex procedures and handle high-risk situations. They cater to individual needs and assist students in developing a fully immersive learning experience. Immersive VR Education is a software company founded in 2014. They are best known for their ENGAGE platform that was specifically built for training and education based on virtual reality. Alchemy VR is another such platform which is one of the leaders in modern technological innovations in the realm of education.

3.Insight by Deployment Model in the e-learning space: Based on the deployment model, the cloud segment is leading the industry globally and is expected to register the fastest CAGR over the foreseen period. Cloud-based solutions are gaining remarkable traction in schools and universities due to their cost-effective and flexible training approaches for students. The cloud computing-based e-learning technology further enables educational institutions to build a virtual environment for learners and educators. Thus, cloud technology is majorly implemented in the education sector, which is expected to contribute towards high segmental growth. The public cloud deployment model works well with companies with little privacy concerns. Amazon Elastic Compute Cloud (Amazon EC2), AWS (Amazon Web Services), Microsoft Azure, IBM Cloud, Google Cloud, Salesforce Heroku are a few examples of public cloud deployments.

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Market Taxonomy

By Provider

• Content Provider
• Service Provider

By Deployment Model

• On-premise
• Cloud

By Course

• Primary and Secondary Education
• Higher Education
• Online Certification and Professional Course
• Test Preparation

By End User

• Academic
• Corporate
• Government

By Region

• North America
• Europe
• Asia-Pacific
• LAMEA

Key Target Audience 

• E-Learning Companies
• LMS Platforms
• Language Learning Platforms
• Institutes/Colleges
• Schools
• Investors
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report

• Historical Year: 2017-2022
• Base Year: 2022
• Forecast Period: 2022– 2027

Major Players Mentioned in the Report

• Adobe
• Aptara Inc.
• Articulate Global, LLC
• CERTPOINT
• Cisco Systems, Inc.
• Citrix Systems, Inc.
• D2L Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE

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Global E-learning Market

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The Global E-Learning market is anticipated to exceed USD 400 billion 2027 – Ken Research

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Competition Scenario in Global E-Learning Market

In Global E-learning Market there are several players operating in the market, and top players account for a substantial share in the market in terms of revenue. The e-learning market is highly fragmented in nature. The major parameters on which these players complete includes course type, deployment model, Innovation and platform used. Key players in e-earning include Aptara, Inc, Adobe Systems Inc, Cornerstone, Citrix Education, Coursera, Meridian Knowledge Solutions, Microsoft Corporation etc.

What is the Expected Future Outlook for the Overall Global E-Learning Market?

The Global E-Learning market was valued at USD 300 billion in 2022 and is anticipated to exceed USD 400 billion 2027, witnessing a robust CAGR during the forecast period 2022-2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

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The Global E-Learning market is driven by demand for internet-enabled devices like IOT (Internet of things), growing need for strong workforce skills and significant demand for individual-focused learning experiences. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

Government has ambitious plans to use digital technologies extensively to strengthen its services, processes, and decision making, as well as its ability to share data with constituents. There is specific emphasis on improving the individual organizational capabilities of Government entities by aligning their digital strategies with the national Digital Government Strategy 2022, strengthening development and analytical platforms while deploying robust cyber security measures and controls which will led to increase employment in the digital sector, thus fueling the inflow of workers in the country.

With the e-learning market gaining momentum, there is a need for continuous innovation for vendors to differentiate their products and drive service adoption among a more comprehensive section of end-users. AI and cognitive learning technologies have started to play a decisive role and are poised to be game-changers in several learning avenues.

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During the forecast period of 2022-2027, it is anticipated that the global e-learning market will grow at a massive CAGR by 2027. Major players account for a considerable percentage of online sales in the e-learning space and they actively participate in partnerships and product innovations to gain more market share in future. E-learning sales are continuing to rise in the Asia-Pacific region. New markets are forming, and established markets have the potential to grow even more in the forecasted period.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• E-Learning Companies
• LMS Platforms
• Language Learning Platforms
• Institutes/Colleges
• Schools
• Investors
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report

• Historical Year: 2017-2022
• Base Year: 2022
• Forecast Period: 2022– 2027

For more insights on the market intelligence, refer to the link below:-

Global E-learning Market

Global E-Learning Market Is Growing At A Double Digit CAGR In 2017-2022 And Is Expected To Reach USD 400 Bn By 2027 – Ken Research

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What is the Size of Global E-Learning Industry?

The Global E-Learning Market is largely driven by demand for internet-enabled devices like IOT (Internet of things), growing need for strong workforce skills and significant demand for individual-focused learning experiences.

Global E-learning Market is at a growing stage. It is a fragmented market with the presence of many e-learning companies. The e-learning market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more personalized learning platform.

Few major global e-learning players are Aptara, Inc, Adobe Systems Inc, Cornerstone, Citrix Education, Meridian Knowledge Solutions, Microsoft Corporation etc. The highest growth is expected from the majorly populated APAC region. The high growth rate can be attributed to many middle-income groups in developing countries like India, a preferred market for vendors.

An increase in internet and smartphone penetration is the fundamental driver of e-learning market growth. The cloud segment is leading the industry globally and is expected to register the fastest CAGR over the foreseen period.

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Global E-Learning Market By Provider

The Global E-Learning market is segmented by Provider into Service Provider and Content Provider. Service Providers were the most dominant form of provider used in Global E-Learning market in 2022.

Global E-Learning Market by Course

The Global E-Learning market is segmented by Course into Primary and Secondary Education, Higher Education, Online Certification and Professional Course and Test Preparation. Primary and Secondary Education was the most preferred form of course in 2022 in Global E-Learning market.

Global E-Learning Market by Deployment Model

The Global E-Learning market is segmented by Deployment Model into On-premise and Cloud. Cloud was the most dominant in 2022.

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Global E-Learning Market by End User

The Global E-Learning market is segmented by End User into Academic, Corporate and Government. Academic held the major market share in Global E-Learning market in 2022.

Global E-Learning Market By Region

The Global E-Learning market is segmented by Region into North America, Europe, Asia-Pacific and LAMEA. North America held the majority of the share in the Global E-Learning market in 2022.

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Global E-learning Market

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The Global E-learning Industry Crossed the mark of $ 300 Bn in 2022- Will this trend continue in future? Ken Research

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The e-learning industry is driven by demand for internet-enabled devices like IOT (Internet of things), growing need for strong workforce skills and significant demand for individual-focused learning experiences.

1. Growing Demand for Continuous Product Innovation in the E-learning market

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With the e-learning market gaining momentum, there is a need for continuous innovation for vendors to differentiate their products and drive service adoption among a more comprehensive section of end-users. AI and cognitive learning technologies have started to play a decisive role and are poised to be game-changers in several learning avenues. To stay relevant and updated, learning providers are forced to adopt these emerging technologies to extend the lifecycle of their existing products and make the best out of customer lifetime values.

2. Impact of Covid 19 on the global e-learning market

The education of over 1.2 billion children worldwide got adversely affected by the pandemic, and hence there was a sudden shift in the way education was delivered after that.

Even before COVID-19, education technology was seeing rapid expansion and adoption, with worldwide edtech investments crossing USD 18 billion in 2019 and the online education market crossing over USD 350 billion by 2025. After witnessing the abrupt shift from the classroom in many parts of the world, there are high chances of online learning popularity to continue post-pandemic. Such a shift is expected to affect the global education industry.

3. Inadequate internet bandwidth in developing countries is a major challenge to be addressed

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E-learning is tried to be simplified as much as possible; there are a few essential prerequisites that are must-haves, such as a decent internet connection and at least a smartphone to use as a medium to access online content, which is not so easy for the people belonging to specific sections of the society especially those belonging to developing countries such as India and underdeveloped countries like Africa. In Sri Lanka, the government initiated providing common lectures on Math, Science, and other subjects through the TV for those who did not have access to smartphones or the internet. Around the globe, 74% of people with low economic vulnerability have access to Internet, 46% of people with moderate economic vulnerability have access to Internet whereas only 24% of people with high economic vulnerability have access to Internet.

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Global E-learning Market

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