Academic e-Learning Market to Grow at a CAGR of 12.4% | Valuates Reports

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Sep 19, 2022, 11:00 ET

BANGALORE, India, Sept. 19, 2022 /PRNewswire/ -- The Global Academic eLearning Market is Segmented by Type (Online, Blended), by Application (K-12, Higher Education, Vocational): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Education Category.

The global academic e-learning market size was USD 5.67 Billion in 2021, which will grow with a CAGR of 12.4% from 2022-2028.

Major factors driving the growth of the Academic eLearning Market:

The growing adoption of eLearning in higher education and the associated benefits in terms of retention, time and cost savings, consistency, and AI-powered personalization will drive the market's growth.

The covid 19 accelerated the adoption of online learning platforms in educational institutions, bolstering the market's growth.

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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL ACADEMIC ELEARNING MARKET

eLearning techniques are becoming universal in higher education due to the rise of non-traditional learners who desire flexibility in geographical location, scheduling, and accessibility. This is driving the expansion of the academic eLearning market. Sudden changes in work or family circumstances prevent students from taking up courses on campus. The online learning tools provide greater access and wide scope in course offerings. This increases enrolment and improves an institution's reputation. Students and teachers benefit from an enriching collaboration.

eLearning facilitates learners to access content anytime, anywhere. The courses can fit comfortably in the busy schedules of people and are cost-effective propelling companies to invest in the infrastructure thereby driving the growth of the academic eLearning market. Enterprises are able to save significant amounts on accommodation and travel costs for learners and instructors. There is no requirement for printed material leading to a reduction in carbon footprint.

Modern learners are preferring smaller chunks of interactive content. Video and podcasts are picked up over text-based manuals. Designers are able to make the content more engaging, helping students retain information better and apply the concepts in the real world. Moreover, eLearning adapts to the approach and style of any instructor. Face-to-face sessions become smooth and the entire system is scalable. More learners are taking up online courses and the learning structure is being rolled out to as many corporate employees as possible surging the growth of the academic eLearning market during the forecast period. Additionally, online learning offers a standardized and consistent training experience.

Personalization is the biggest benefit of online learning thereby attracting massive attention from students all over the world. This is spurring the growth of the academic eLearning market. Learners can learn at their own pace and remain invested in the course. The inbuilt AI system analyzes the preference of individual students and offers recommendations using suitable content types( text, audio, video, etc) to increase productivity and engagement. Furthermore, using the right AI-powered skill map the system detects the competency level and inconsistencies preparing students to achieve better results quickly.

The sudden onset of the covid 19 pandemic forced educational institutions to embrace e-Learning platforms for education and training. Students went home and the mandated lockdowns led to Edtech companies moving their focus towards digitization and expanding online courses for helping students and employees. The increased uptake is driving the growth of the academic eLearning market. On the other hand, public organizations and corporations introduced skill learning initiatives. Students had plenty of courses to choose from for completing assessments online.

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ACADEMIC ELEARNING MARKET SHARE ANALYSIS

Based on product type, the online segment is expected to dominate the academic eLearning market share with a 90% penetration.

Based on application, higher education will be the most lucrative and hold 51.8% market share in 2019.

Based on region, the Asia-Pacific segment will grow the highest in the academic eLearning market share due to rising acceptance of online learning and key players expanding their services rapidly.

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Key Companies:

Berlitz
Blackboard
D2L
Instructure
GP Strategies
2U Inc
Wiley (Knewton)
SAI Global
Cornerstone
Udemy
LearnWorlds
Teachabl

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- The 2021 global e-learning market revenue is about USD 15,000 Million. The expected CAGR of 2021-2028 is 6.5%.

- The Digital Education Market size is expected to grow at the rate of 33.28% CAGR by 2026.

- Due to the COVID-19 pandemic, the global Self-Paced E-Learning market size is estimated to be worth USD 6830.8 Million in 2021 and is forecast to a readjusted size of USD 6830.8 Million by 2028 with a CAGR of 8.2% during the review period.

- The global K12 Tutoring market size is projected to reach USD 3619.8 Million by 2028, from USD 1052.5 Million in 2021, at a CAGR of 19.0% during 2022-2028.

- The global K-12 International Schools market size is projected to reach USD 13560 Million by 2028, from USD 7608.1 Million in 2021, at a CAGR of 8.5% during 2022-2028.

- The global Digital Educational Publishing market size is projected to reach USD 14580 Million by 2028, from USD 8324.5 Million in 2021, at a CAGR of 7.9% during 2022-2028.

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- The global K12 Education Learning Management market size is projected to reach USD 3691.6 Million by 2028, from USD 1052.5 Million in 2021, at a CAGR of 19.4% during 2022-2028.

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- The global back-to-school market size was valued at USD 66.1 Billion in 2020 and is projected to reach USD 131.1 Billion by 2030, registering a CAGR of 4.8% from 2021 to 2030.

- The global K12 Education Learning Management market size is projected to reach USD 3691.6 Million by 2028, from USD 1052.5 Million in 2021, at a CAGR of 19.4% during 2022-2028.

- The global Corporate E-Learning market size was value at USD 22.5 Billion in 2021 and is forecast to reach size of USD 44.6 Billion by 2028 with a CAGR of 10.5% during the forecast period 2022-2028.

- The global Online K-12 Education market size is projected to reach USD 12930 Million by 2028, from USD 7984 Million in 2021, at a CAGR of 8.3% during 2022-2028.

- The global K12 Education Technology market size is projected to reach USD 56490 Million by 2026, from USD 11850 Million in 2019, at a CAGR of 25.0% during 2021-2026.

- The global E-Learning VR Market size is projected to reach USD 300.3 Million by 2028, from USD 65 Million in 2021, at a CAGR of 23.8% during 2022-2028.

- The global corporate learning management system (LMS) market size is projected to reach USD 9296 Million by 2026, from USD 2136.9 million in 2019, at a CAGR of 22.8% during 2021-2027.

- The global Learning Analytics market size is projected to reach USD 9611.6 Million by 2027, from USD 2483.7 Million in 2020, at a CAGR of 20.8% during 2021-2027.

- The global learning management system market size was valued at USD 1.2 Billion in 2020 and is projected to hit USD 3.6 Billion by 2027, at a CAGR of 20.76% from 2020 to 2027.

- The global Mobile Learning market size is projected to reach USD 76520 Million by 2028, from USD 20020 Million in 2021, at a CAGR of 20.6% during 2022-2028.

- The global K-12 Software market size is projected to reach USD 3619.8 Million by 2028, from USD 1052.5 Million in 2021, at a CAGR of 19.0% during 2022-2028.

- The global Social and Emotional Learning (SEL) Market size is projected to reach USD 5919.5 Million by 2028, from USD 1735.3 Million in 2021, at a CAGR of 18.8% during 2022-2028.

- The global Online Language Learning market size is projected to reach USD 31250 Million by 2027, from USD 9667 Million in 2020, at a CAGR of 18.1% during 2021-2027.

- The global Game-based Learning market size is projected to reach USD 18120 Million by 2028, from USD 5715.2 Million in 2021, at a CAGR of 17.3% during 2022-2028.

- The Global Digital Badges Market was valued at USD 118.9 million in 2021 which is expected to reach 365.1 million by 2028 at a CAGR of 17.1% from 2022-2028.

- The global EdTech market size was valued at USD 85 Billion in 2021, it is expected to reach over 230 Billion U.S. dollars by 2028, growing at a CAGR of 15% during 2022-2028.

- The global Education Technology and Smart Classroom market size is projected to reach USD 239900 Million by 2028, from USD 92870 Million in 2021, at a CAGR of 14.3% during 2022-2028.

- The global Smart Education and Learning market size is projected to reach USD 730500 Million by 2027, from USD 281680 Million in 2020, at a CAGR of 14.1% during 2021-2027.

- The global Smart Education market size is projected to reach USD 61.7 Billion by 2027, from USD 24.8 Billion in 2020, at a CAGR of 13.9% during 2021-2027.

- The global Education Software market size is projected to reach USD 6735.9 Million by 2026, from USD 3244.4 Million in 2019, at a CAGR of 11.0% during 2021-2026.

- The global Virtual Classroom market size is projected to reach USD 16020 Million by 2027, from USD 8602.8 Million in 2020, at a CAGR of 9.2% during 2021-2027.

- The global Education ERP market size is projected to reach USD 15470 Million by 2027, from USD 8397.9 Million in 2020, at a CAGR of 9.0% during 2021-2027.

- In 2021, the global Private Tutoring market size will be USD 236 Million and it is expected to reach USD 391.5 Million by the end of 2027, with a CAGR of 8.8% during 2021-2027.

- The medical education market size was valued at USD 74.5 Billion in 2020 and is projected to reach USD 122.8 Billion by 2027 at a CAGR 7.60%.

- The global interactive whiteboard (IWB) market size was valued at USD 4.29 Billion in 2020, and is projected to reach USD 7.35 Billion by 2030 to register a CAGR of 6.0% from 2021 to 2030.

- The global School and Campus Security market size is projected to reach USD 2940.3 Million by 2027, from USD 1389.8 Million in 2020, at a CAGR of 11.2% during 2021-2027.

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- Due to the COVID-19 pandemic, The global K12 Education Learning Management market size is projected to reach USD 3691.6 Million by 2028, from USD 1052.5 Million in 2021, at a Compound Annual Growth Rate (CAGR) of 19.4% during 2022-2028.

- The global K-12 Education market size is projected to reach USD 3619.8 Million by 2028, from USD 1052.5 Million in 2021, at a CAGR of 19.0% during 2022-2028.

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