NEW YORK, Aug. 2, 2022 /PRNewswire/ -- Technavio has been monitoring the Academic E-Learning Market, operating under the consumer discretionary market. The report estimates the market to register an incremental growth of USD 72.41 billion, at a CAGR of 10.29% during the forecast period.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request the latest sample report
Ambow Education Holding Ltd., D2L Corp., Instructure Inc., MPS Ltd., New Oriental Education and Technology Group Inc., NIIT Ltd., Pearson Plc, Providence Equity Partners LLC, TAL Education Group, and Think & Learn Pvt. Ltd. are among some of the major market participants.
The introduction of new online degrees is a significant factor in the expansion of the global academic e-learning sector. Because online courses are becoming more and more popular, academic institutions all around the world are starting to offer online degrees. Since 2015, numerous online degree programs have been introduced by universities in the US, Canada, and Australia. During the projected period, there will be an increase in online degree enrollments due to the introduction of new online undergraduate and graduate degrees.
The main issue preventing the market's growth is the high development cost connected with e-learning courses. Depending on the instructional design methodology selected, academic e-learning course development and design costs will vary. The roles of a subject matter expert (SME), instructional design team, project management team, and technical staff specialists are all involved in the development process. As a result, the focus market's expansion over the projection period is likely to be slowed down by the high development costs connected with academic e-learning courses. Buy Sample Report.
The growing competition in the global e-learning market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Sample Report.
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Academic E-Learning Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.29% |
Market growth 2020-2024 |
$ 72.41 billion |
Market structure |
Fragmented |
YoY growth (%) |
10.17 |
Regional analysis |
North America, Europe, APAC, and South America |
Performing market contribution |
North America at 41% |
Key consumer countries |
US, Canada, China, and Germany |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Ambow Education Holding Ltd., D2L Corp., Instructure Inc., MPS Ltd., New Oriental Education and Technology Group Inc., NIIT Ltd., Pearson Plc, Providence Equity Partners LLC, TAL Education Group, and Think & Learn Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio "Consumer Discretionary" Research Reports
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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Technavio Research
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SOURCE Technavio
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