E-learning Market Size to Reach Revenues of over USD 388 Billion by 2026 - Arizton

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May 18, 2021, 10:00 ET

CHICAGO, May 18, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global e-learning market report.

The e-learning market is expected to grow at a CAGR of over 13% during the period 2020−2026.

Key Highlights Offered in the Report:

The global e-learning market would realize an absolute growth of around 110% in terms of revenue in the period between 2020-2026.
Self-paced learning mode accounted for majority share of the global market in 2020 and is expected to grow with a 14% CAGR during the forecast period.
In terms of delivery mode, packaged content dominates the global e-learning market in 2020. However, LMS is witnessing higher growth rate with an CAGR of over 15% during the forecast period.
Training segment dominated the market with around 72% share in 2020 and is expected to add over USD 138 billion during the forecast period.
Corporate e-learning segment dominated the market with a share of over 30% in 2020 and is expected to grow at a CAGR of over 15% during 2020-2026.
North America is largest market under the global e-learning market with an expected incremental revenue of over USD 62 billion with an absolute growth of around 76% between 2020-2026.
The US is the largest in the self-paced segment with a potential to radically influence the prospects of the global e-learning market.
APAC is the second largest market for e-learning, in which China accounts for the major share of around 32% in 2020.

Key Offerings:

Market Size & Forecast by Revenue | 2020−2026
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by delivery mode, learning mode, function type, end-user, and geography
Competitive Landscape – 9 key vendors and 47 other vendors

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E-learning Market – Segmentation

The packaged content segment occupied around 58% of the e-learning market share in 2020. Private institutional interest toward gamification is on the rise as the vendors are trying to improve the competitive edge of their pedagogy over the conventional methods. The demand for e-learning as a packaged content increases, mainly due to the desire to acquire skills amongst corporates.
The self-paced segment is expected to maintain its dominance, witnessing an incremental growth of over USD 139 billion during the forecast period. Europe, Russia, and the UK have emerged as the major consumers of self-paced e-learning modes over the last decade.
The training segment is projected to witness an absolute growth of approximately 104% by 2026. Computer-based training is a new-age learning method that uses special training programs designed for different tasks. Web-based training is a subset of computer-based training and is made available on the internet through web technologies.

E-learning Market by Delivery Mode

Packaged Content
LMS
Others

E-learning Market by Learning Mode

Self-paced
Instructor-led

E-learning Market by Function Type

Training
Testing

E-learning Market by End-user

K-12
Higher Education
Corporates
Government
Vocational

E-learning Market – Dynamics

Development in mobile applications is becoming the core strategy of majority of businesses where older education models are being replaced with revolutionary e-learning applications that have changed the process of learning. To overcome various problems faced by students from different demographics and geographical backgrounds, several features have been introduced in mobile applications to offer ease and convenience. With the help of mobile phones, learning has now become more interactive. The emergence of smartphones in the late 20th century has essentially changed the learning scenario. Smartphones are often cited as a new gateway for the growth of language learning products. These devices enable segment-wise streaming and allow the consumption of content as per the dynamic requirements of users. Mobiles applications pose a serious challenge to web platforms on account of their inherent flexibility in terms of content creation and consumption. E-learning content creators are now able to add bite-sized lessons and deploy learning modules in sprints easily in order to match the user's daily routine.

Key Drivers and Trends fueling Market Growth:

Growth of Blended Learning
Increasing Use of VR & AR Applications
Increasing Demand for Internet-enabled Devices
Growing Need for Strong Workforce Skills

E-learning Market – Geography

North America, that includes key countries such as the US and Canada, is a key geography as it hosts the most advanced and largest economies of the world. The US and Canada, despite hosting several technological innovations, are set to grapple with massive investments required to maintain and upgrade the existing technological infrastructure setup. The demand for e-learning from the institutional segment in the region is driven by high awareness of their advantages over conventional offline learning models, better technological infrastructure, and extensive reach of innovative learning and training solutions. The same is further reinforced by technology-leveraged industries that warrant an advanced degree of language proficiency, functional, and vocational expertise, and soft skills. The high demand for e-learning solutions in the US mainly influences the market growth in North America.

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E-learning Market by Geography

North America

US
Canada

Europe

UK
Germany
France
Nordics
Spain
Italy
Russia
Benelux

APAC

China
South Korea
Japan
Australia
India
Singapore
Indonesia
South Korea

Latin America

Brazil
Mexico
Argentina
Chile

Middle East & Africa

GCC
South Africa

Major Vendors

Apollo Education Group
Blackboard
British Council
Oracle
Pearson
Aptara
Adobe
Skillsoft
NIIT

Other Prominent Vendors

Cisco
Instructure
GP Strategies
Thomson Reuters
Docebo
McGraw Hill
Desire2Learn
Edmodo
Cengage
Macmillan Education
Cornerstone
Educomp
Cogna Educacao
Telefonica
edX
Estacio
Coursera
SAP Litmos
Open Education
Veduca
LinkedIn (Microsoft)
Simplilearn
Think & Learn (BYJU'S)
upGrad
LeQuest
FutureLearn
L2P (Learn 2 Play)
Chegg
Bright Little Labs
Aula Education
WhiteHat Security
Blinkist
Age of Learning
Learnetic
Elearn Australia
360Learning
Udemy
Skillshare
Udacity
Pluralsight
Alison
Babbel
Treehouse
Unacademy
Duolingo
Tracxn Technologies
IGNOU

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

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SOURCE Arizton Advisory & Intelligence