USD 380 Million
E-Learning Market Size, Share, Growth Analysis, By Type(Self-Paced Courses, and Instructor-Led Virtual Courses), By Courses(Higher Education, Online Certification, and Professional Courses ), By Technology(Learning Management System, and Mobile E-Learning ), By End-User(Academic, and Government), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG50J2005 |
Region:
Global |
Published Date: July, 2024
Pages:
177
|Tables:
118
|Figures:
77
E-Learning Market Insights
Global E-Learning Market size was valued at USD 216.70 Billion in 2022 and is poised to grow from USD 256.14 Billion in 2023 to USD 975.92 Billion by 2031, growing at a CAGR of 18.20% in the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Content Provider
Fastest Growth
Content Provider
Growth Rate
25.20% CAGR
Global E-Learning Market ($ Bn)
Country Share for North America Region (%)
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E-Learning Market Segmental Analysis
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.
Global E-Learning Market By End User
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E-Learning Market Regional Insights
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.
Global E-Learning Market By Geography
- Largest
- Fastest
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E-Learning Market Dynamics
E-Learning Market Drivers
IoT Device Integration in Education
- E-learning has advanced with the use of Internet of Things (IoT) devices in the classroom. For the students, it is now more participatory and captivating thanks to this cutting-edge technology. Real-time data exchange, customized learning, and seamless communication are made possible by IoT. The acceptance and use of e-learning systems are being propelled by these aspects.
Growing Uptake of Virtual Education Programs
- One of the key factors driving the market is the widespread adoption of online learning platforms by educational institutions. This makes it possible to handle interactive courses, exams, and content according to different learning needs.
Restraints
Insufficiently Dependable Internet Infrastructure and Restricted Technology Accessibility
- The infrastructure of the Internet, which is largely unpredictable, and the limited accessibility to technology in some other parts of the world are major stumbling blocks towards the growth of e-learning globally. Poor distribution of Internet connectivity, depending on availability of poor condition digital infrastructure, education solutions such as e-learning have not been widely practiced, development being more in developed countries. Digital divide has not enabled meaningful access to online educational resources by people and enterprises. The market of e-learning services also needs to address equal access to technology and overcome the gap in infrastructure for its regular growth.
High Implementation Costs for E-Learning
- Establishing and maintaining an e-learning infrastructure can be expensive, particularly for smaller universities and companies with tighter budgets. Eliminating the financial obstacles to the adoption of e-learning requires finding alternatives that are inexpensive and obtaining finance.
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E-Learning Market Competitive Landscape
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
- Coursera
- Udemy
- edX
- LinkedIn Learning
- Skillshare
- Pluralsight
- Schoology
- Cornerstone OnDemand
- OpenSesame
- Adobe Captivate Prime
- Docebo
- Absorb LMS
- ISpring Suite
- D2L Brightspace
- Teachable
E-Learning Market Recent Developments
- In July 2024, Samsung gulf electronics has partnered with e& UAE to build Samsung smart schools in the UAE. The initiative was launched at the strategic workshop named transforming education, which brings together over 70 influential leaders and educational experts from across the UAE to explore advanced technology.
- In May 2024, open English announce their strategic partnership with dLocal which is A cross-border payment platform specializing in high growth markets. The partnership aims to make education more accessible by simplifying the payment processes. By adding local and alternative payment methods, they will be able to remove the financial barriers for students in developing economies, therefore ensuring that they can easily access learning resources.
- In June 2024, CD2 Learning (CD2), which provides online learning solutions, and Easygenerator announced a strategic partnership for enhancing e-learning solutions. Their partnership is a result of shared vision to make learning more accessible, user friendly and effective. They're planning to provide a complete end-to-end solution for organizations of all sizes for creating and delivering impactful eLearning content.
E-Learning Key Market Trends
- Integrating Gamification: Gamification elements embedded within learning environments can augment the motivational level and, therefore, the engagement level in learners. Gamification elements include inducement, challenges, and interactivity to enhance student learning engagement for better learning outcomes. Besides this, it encourages collaboration, problem-solving skills, and active learning among students.
- Emergence of Microcredit: The development of micro-credentials has grown to be a significant industry trend. Teachers are now able to create competency-based learning strategies due to technology. They can effectively identify and assess abilities and accomplishments, enabling tailored learning paths with specific objectives. Acknowledgment for completed skills will also be given to learners, boosting their motivation and professional readiness.
E-Learning Market SkyQuest Analysis
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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on E-Learning Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on E-Learning Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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