Global E-Learning Market Share Is Likely To Reach At A CAGR Value Of Around 17.54% By 2030

24-Jan-2023 | Facts and Factors

According to Facts and Factors, the global e-learning market size was worth around USD 210.1 billion in 2021 and is predicted to grow to around USD 848.12 billion by 2030 with a compound annual growth rate (CAGR) of roughly 17.54% between 2022 and 2030.

Global E-Learning Market

Request Sample Request Customization Buy Now

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.

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

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.

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.

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.

The growing number of players may provide market growth opportunities whereas the rising cases of cheating may act as a major challenge.

Global E-Learning Market

Segmental Overview

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 Overview

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.

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

Purchase Options

Request customized purchase options to meet your research needs. Explore purchase options

Competitive Landscape

The global e-learning market is led by players like Articulate Global LLC, Adobe, Aptara Inc., SAP SE, Citrix Systems Inc., D2L Corporation, Microsoft Corporation, Cisco Systems Inc., and others.

Recent 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
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:
Facts & Factors

A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1 (347) 690-0211
Email: [email protected]
Web: https://www.fnfresearch.com


Latest Market Research Reports

report img

Bot Security Market Report 2024 – 2032

[219+ Pages Report] According to Facts and Factors, the global bot security market size was valued at USD 611.2 million in 2023 and is predicted to surpass USD 2,991.80 million by the end of 2032. The bot security industry is expected to grow by a CAGR of 19.30% between 2024 and 2032. Bot Security

Published Date : 19-Apr-2024 | | Category : Technology & Media | Pages : 219 | Format : Read more

Inquiry for Buying Request Sample
report img

Hot Fill Packaging Market Report 2024 – 2032

[217+ Pages Report] According to Facts and Factors,the global hot fill packaging market size was valued at USD 66.05 billion in 2023 and is predicted to surpass USD 99.00 billion by the end of 2032. The hot fill packaging industry is expected to grow by a CAGR of 4.60% between 2024 and 2032. Hot Fi

Published Date : 17-Apr-2024 | | Category : Packaging | Pages : 217 | Format : Read more

Inquiry for Buying Request Sample
report img

Anti-counterfeit Pharmaceutical Packaging Market Report 2024 – 2032

[216+ Pages Report] According to Facts and Factors,the global anti-counterfeit pharmaceutical packaging market size was valued at USD 51.08 billion in 2023 and is predicted to surpass USD 142.78 billion by the end of 2032. The anti-counterfeit pharmaceutical packaging industry is expected to grow b

Published Date : 16-Apr-2024 | | Category : Packaging | Pages : 216 | Format : Read more

Inquiry for Buying Request Sample
report img

Bio Based Detergent Enzymes Market Report 2024 – 2032

[215+ Pages Report] According to Facts and Factors,the global bio-based detergent enzymes market size was valued at USD 6.99 billion in 2023 and is predicted to surpass USD 12.32 billion by the end of 2032. The bio-based detergent enzymes industry is expected to grow by a CAGR of 6.50% between 2024

Published Date : 15-Apr-2024 | | Category : Chemical & Materials | Pages : 215 | Format : Read more

Inquiry for Buying Request Sample
report img

3D Mapping and Modeling Market Report 2024 – 2032

[212+ Pages Report] According to Facts and Factors,the global 3D mapping and modeling market size was valued at USD 5.37 billion in 2023 and is predicted to surpass USD 20.59 billion by the end of 2032. The 3D mapping and modeling industry is expected to grow by a CAGR of 16.10% between 2024 and 20

Published Date : 12-Apr-2024 | | Category : Technology & Media | Pages : 212 | Format : Read more

Inquiry for Buying Request Sample

Why FnF Market Research?

1 Inflallible Methodology

to ensure high-level data integrity, accurate analysis, and impeccable forecasts

2 Analyst Support

for complete satisfaction

3 Customization

on-demand customization of scope of the report to exactly meet your needs

4 Targeted Market View

Targeted market view to provide pertinent information and save time of readers

5 Agile Approach

A faster and efficient way to cater to the needs with continuous iteration