E-Learning Market is Projected to Hit USD 848.12 Billion at a CAGR of 17.54% by 2030 - Report by Facts & Factors (FnF)
The global E-Learning market size was valued at USD 210.1 billion in 2021 and is expected to surpass USD 848.12 billion by 2030, registering a CAGR of 17.54% during the forecast period (2022- 2030), as highlighted in a report published by Facts & Factors. The key market players listed in the report with their sales, revenues and strategies are Articulate Global LLC, Adobe, Aptara Inc., SAP SE, Citrix Systems Inc., D2L Corporation, Microsoft Corporation, Cisco Systems Inc., and others.
SAN FRANCISCO, U.S., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “E-Learning Market Size, Share, Growth Analysis Report By Learning Mode (Instructor-Led and Self-Paced), By Application (Government, Academic, and Corporate), By Delivery Mode (Learning Management Software, Packaged Content, and Others), By Function (Testing and Training), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030” in its research database.
“According to the latest research study, the demand of global E-Learning Market size & share was valued at approximately USD 210.1 billion in 2021. The market is expected to grow above a CAGR of 17.54% and is anticipated to reach over USD 848.12 billion by 2030.”
The report analyzes the E-Learning market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global E-Learning market.
E-Learning Market Overview:
E-learning is described as a formalized learning system that requires the use of electronic devices for delivery purposes. In E-learning systems, the study sessions may be conducted inside or outside of the classroom but the use of electronic devices to provide an enhanced learning experience is critical to e-learning and acts as the defining factor. It can also be defined as an ecosystem powered by a network for the transfer of skills or knowledge in which information can be passed from the instructor to the students at the same time or at different times.
A few years ago, the teaching methodology was not accepted by many institutes as the idea of lacking a human element could not be comprehended. However, the main turning point for the e-learning sector arrived in 2020, during the pandemic when every aspect of teaching or learning was transferred to digital devices which was further encouraged by the rapid application of enhanced technology and system to deliver the sessions.
E-learning is scalable in many ways and offers personalization options which means teachers can focus on each student individually as opposed to the traditional method. A recent research study reported that students are likely to retain educational teaching at least 25% to 60% more in the case of e-learning when compared to teachings in physical classrooms.
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Report Scope:
Report Attribute | Details |
Market Size in 2021 | USD 210.1 Billion |
Projected Market Size in 2030 | USD 848.12 Billion |
CAGR Growth Rate | 17.54% CAGR |
Base Year | 2021 |
Forecast Years | 2022-2030 |
Key Market Players | Articulate Global LLC, Adobe, Aptara Inc., SAP SE, Citrix Systems Inc., D2L Corporation, Microsoft Corporation, Cisco Systems Inc., and others. |
Key Segment | By Learning Mode, Application, Delivery Mode, Function, and Region |
Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
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Industry Drivers
The global e-learning market is projected to be pushed by the growing sales of electronic devices making e-learning more accessible. Earlier, one of the major restrictions on e-learning or digital classrooms was the lack of access to smart devices due to factors like unaffordability, the high price of equipment, and the lack of options. However, powered by an increase in investments in the digital sector, there are multiple options for internet-powered smart devices present in the commercial market.
Furthermore, factors like the availability of financial assistance, discount offers, and new products launched across price ranges along with other elements like growing employment rate, the growing standard of living, and high dependency on mobile devices have led to overall growth in the demand and sale of smart equipment like laptops, mobile phones, and tablets.
The global market may register higher growth due to the increasing investments by corporates and business organizations in upskilling their existing employees. Companies realize the importance of human resources and prefer to invest in them to reap high benefits. The trend of companies sponsoring educational activities and training programs may have registered high growth in recent times.
Restraints
One of the critical factors that could impede the global market growth trend is the need for continuous product innovations. Since the number of players in the market has increased considerably, the competition is getting tougher. Consumers have become sure of what they expect from the service providers and factors like the integration of machine learning and artificial intelligence to provide superior user experience are acting as the determining factors in the success of a certain brand.
Challenges
The growing number of players may provide market growth opportunities whereas the rising cases of cheating may act as a major challenge.
Browse the full “E-Learning Market Size, Share, Growth Analysis Report By Learning Mode (Instructor-Led and Self-Paced), By Application (Government, Academic, and Corporate), By Delivery Mode (Learning Management Software, Packaged Content, and Others), By Function (Testing and Training), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030” Report at https://www.fnfresearch.com/e-learning-market
Key Insights from Primary Research
As per the analysis, the E-Learning market is likely to grow above a CAGR of around 17.54% between 2022 and 2030.
The E-Learning market size was worth around US$ 210.1 billion in 2021 and is estimated to hit approximately US$ 848.12 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
The market is projected to grow at a significant rate due to the excellent benefits offered by e-learning
Based on learning mode segmentation, self-paced was predicted to show maximum market share in the year 2021
Based on delivery mode segmentation, packaged content was the leading model in 2021
On the basis of region, North America was the leading revenue generator in 2021
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E-Learning Market: Segmentation Analysis
The global e-learning market is segmented based on learning mode, application, delivery mode, function, and region
Based on application, the global market divisions are government, academic, and corporate. The global market registered the highest growth in the corporate segment in 2021 and may grow at a CAGR of 15.25% during the forecast period.
The growth was driven by the shift of work culture to remote working during the pandemic which meant that the companies had to invest in e-learning programs to conduct training sessions or provide any other assistance to the employees. The segment is expected to become one of the most lucrative investment opportunities in the coming years.
Based on function, the global market is segmented into testing and training with the latter dominating the segment growth in the coming years. As per estimates, the training segment may grow at a CAGR of 12.59% as online training is known to have several benefits over conventional ways of knowledge transfer. The testing segment may also grow at a considerable rate owing to the increasing shift toward online platforms for assessment purposes.
Regional Analysis:
North America is anticipated to lead the global e-learning market driven by the presence of the highly advanced education sector of the USA. The country’s education system is one of the most well-funded and highly renowned segments across the globe which attracts millions of students annually from every part of the world.
The regional growth could be propelled by the high investment rate of corporates undertaking skill development programs for employees. Growth in Asia-Pacific is projected to reach new heights due to the growing market for e-learning fueled by the emergence of multiple domestic players catering to the requirements of a large section of the regional population.
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Competitive Players
The report contains qualitative and quantitative research on the global E-Learning market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global E-Learning market include
Articulate Global LLC
Adobe
Aptara Inc.
SAP SE
Citrix Systems Inc.
D2L Corporation
Microsoft Corporation
Cisco Systems Inc.
Recent Industry Developments:
In April 2022, Pearson announced the acquisition of Mondly. The former is one of the world’s leading learning companies while the latter is an international digital platform specializing in language learning
In September 2022, SpringPeople announced the launch of a new e-learning platform with a library of more than 400 courses
The global E-Learning market is segmented as follows:
By Learning Mode
Instructor-Led
Self-Paced
By Application
Government
Academic
Corporate
By Delivery Mode
Learning Management Software
Packaged Content
Others
By Function
Testing
Training
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Southeast Asia
Rest of Southeast Asia
The Middle East & Africa
GCC
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
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