USD 380 Million
Report ID:
SQMIG50J2005 |
Region:
Global |
Published Date: July, 2024
Pages:
177
|Tables:
118
|Figures:
77
E-Learning Market size was valued at USD 256.14 Billion in 2023 and is poised to grow from USD 302.76 Billion in 2024 to USD 1153.54 Billion by 2032, growing at a CAGR of 18.20% during the forecast period (2025-2032).
E-learning became an effective method of training and education first and foremost, since it has several advantages over more traditional approaches to learning. With the development of better mobile devices, cloud computing, and ingenious Learning Management Systems, learning can be customized and flexible. Besides, an expansion into internet infrastructure increases access to educational resources; therefore, making learning easier. These create the vibrancy in the e-learning market and make it one of the essential components in modern education. Moreover, the market's growth is being fuelled by a rise in reasonably priced content generation. A variety of education-technology organizations, technology companies, and corporate training firms, such as Google, Blackboard, and Dell, are using e-learning authoring tools to address the growing demand for high-quality material by institutions and corporations.
Global Market Size
USD 380 Million
Largest Segment
Content Provider
Fastest Growth
Content Provider
Growth Rate
25.20% CAGR
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The Global E-Learning Market is segmented into type, technology, courses, end user, and region. By type, the market is classified into self-paced courses and instructor-led virtual courses. Depending on courses, it is categorized into higher education, online certification, and professional courses. According to technology, the market is divided into learning management system (LMS) and mobile e-learning. As per end user, it is bifurcated into academic and government. Regionally, the market is analyzed across North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Technology
The global e-learning market is being led by the learning management system (LMS) segment. Governments are now taking steps to digitize the infrastructure of education, which is driving up market demand. Bring-your-own-device (BYOD) is a trend that is propelling LMS popularity. This technology facilitates the management, planning, delivery, and assessment of educational content. This software-based program offers crucial frameworks, tools, and infrastructure for virtual instruction. This makes it possible for academic institutions and business organizations to efficiently develop and oversee courses, lessons, and other training resources.
People want brief, targeted learning sessions that they can access at any time, which is why the mobile e-learning market is growing at the fastest rate. With the help of smartphones and tablets, learners can interact with the content while on the go thanks to mobile e-learning. This facilitates easier access to and convenience of schooling.
Analysis By End User
The academic segment held the largest market share. This is mostly because e-learning has been widely implemented in colleges, institutions, and schools across the globe. In addition, students can obtain degrees from educational institutions, certifications, and a variety of online courses through academic e-learning. As educational institutions were urged to switch to online learning for continuing education during lockdown, the Covid-19 epidemic has also raised demand for e-learning solutions in the academic industry.
The adoption of e-learning solutions in the government sector is expanding rapidly. Government buildings worldwide are spending money on e-learning programs to provide staff training. This is especially used in law enforcement, defense, and medicine. Governments can better provide citizens with education and training due to e-learning, particularly in rural and distant locations. The demand for ongoing training and upskilling among government workers is fueling the expansion of e-learning.
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The global e-learning market is dominated by the North American region. This is a result of advanced technology, a well-established infrastructure, and widespread internet use. E-learning solutions have become widely used due to these considerations. Many well-known educational institutions and e-learning companies are based in this region, which supports market expansion. To improve their knowledge and abilities, many people in this region favor e-learning services. Government agencies are also using e-learning to give their staff members pertinent training. For instance, in March 2021, Armacell unveiled Armacell Academy, a new platform, that offers technical skills and product knowledge-based specialized courses to value chain participants.
Asia Pacific is experiencing the fastest growth in the e-learning market. This region is witnessing rapid technological progress, more accessibility, and an increasing demand for development. These elements are driving the need for e-learning solutions across a range of industries, including IT, healthcare, and education. In addition, following the pandemic, businesses in this region have begun selecting employees based on their skill sets. For instance, Microsoft reports that during COVID-19, about 6 million people in Asia-Pacific acquired digital skills. They achieved this by adopting many opportunities and tools Microsoft provided for them to advance their digital skills.
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E-Learning Market Drivers
IoT Device Integration in Education
Growing Uptake of Virtual Education Programs
Restraints
Insufficiently Dependable Internet Infrastructure and Restricted Technology Accessibility
High Implementation Costs for E-Learning
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Numerous companies providing a variety of e-learning solutions can be used to define the global e-learning market. These companies compete in the market based on things like new technology, the ability to customize products, price strategies, and the caliber and diversity of content. Both startups and well-established e-learning companies are present in the e-learning sector. To increase their profit margin, they are all vying for a bigger market share. Companies and educational institutions have been working together more recently to provide improved e-learning solutions.
Top Player’s Company Profiles in E-Learning Market
E-Learning Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest Analysis, the use of electronic media for education is growing in popularity, which is driving rapid expansion in the global e-learning market. This industry encompasses a broad spectrum of multimedia technologies, including virtual learning, online education, and computer-based instruction. The market has experienced a significant increase in recent years, driven by improved connectivity and cutting-edge technologies. The development of smartphones and other digital information exchange devices has given the e-learning business a strong base and contributed to its expansion.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 216.70 Billion |
Market size value in 2031 | USD 975.92 Billion |
Growth Rate | 18.20% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the E-Learning Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the E-Learning Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the E-Learning Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the E-Learning Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG50J2005
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