Showing posts with label Global remote learning Market. Show all posts
Showing posts with label Global remote learning Market. Show all posts

Thursday, April 20, 2023

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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Friday, April 14, 2023

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

Global 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

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

Global E-learning Market

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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.

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

Global E-learning Market

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