Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the e-learning market provides an in-depth analysis of
segments and sub-segments in the BRICS as well as regional e-learning market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the BRICS and regional e-learning market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of BRICS e-learning market. According to the report,
the BRICS e-learning market is projected to grow at a CAGR of 20.77% over the
forecast period of 2021-2027.
BRICS e-learning market was valued
at USD 219.34 billion in 2020 and is expected to reach USD 800 billion in 2027,
with a CAGR of 20.77% during the forecast period. The e-learning industry was
expanding at a steady pace Even before the coronavirus pandemic. Presently,
more and more organizations are investing in virtual learning experiences for
their employees as the closure of most businesses and educational institutions
has led to explosive growth. The online learning market is expected to increase
even more as the coming year fast approaches.
Numerous foremost multinational
corporations have discovered that using online learning tools is an efficient
way to ensure that all of their workers are trained to the same level.
E-learning will assist in ensuring a constant induction process for BRICS
workers that is on-brand and managed centrally. The technological innovation
owing to large-scale investments drives the growth of the e-learning market in
BRICS countries. Furthermore, the factors such as the increasing e-learning
industry trend for gamification and incorporation of AR & VR are also
driving the e-learning market. The demand for online learning is increasing in
the industry with the ongoing coronavirus (COVID-19) pandemic and shut down of
schools. However, the high development cost associated with e-learning courses
hampers the demand for E-learning in this region. Moreover, the growth in
research and development (R&D) by the key players is likely to provide
opportunities in the market. Heavy investments in technological infrastructures
and next-generation tools such as artificial intelligence (AI), the Internet of
Things (IoT), and robotics are expected to provide growth opportunities in
BRICS countries. In BRICS countries, an increasing number of daily new COVID-19
cases were affected by socio-economic and demographic status, health
vulnerabilities, resources, and policy response. The Coronavirus pandemic has
shifted work and other key elements of everyday life to the online space for
much. It has prompted a dilemma for organizations on the question of digital transformation.
The coronavirus pandemic has boosted online learning in several ways. It has
restricted increasingly, workplace learning must be conducted remotely as
employees work from home or at least avoid gatherings. Furthermore, with social
event cancellations, many people are using their spare time to learn something
new for both work-related and personal reasons which positively impacted the
e-Learning market.
Among the countries, China is
expected to dominate the BRICS E-learning market. The Chinese education system
is the largest state-run education system in the world with the world’s largest
student population of 176 million K-12 students. China has one of the largest
education markets in the world, with an estimated USD300 billion in revenues. Online
education has trickled down to the most basic level with the emergence and
spread of COVID-19 in India. Increased internet penetration in the country
drives E-learning in India.
The report on BRICS e-learning
market covers segments such as technology, and applications. On the basis of
technology, the sub-markets include online e-learning, learning management
system (LMS), mobile e-learning, rapid e-learning, and virtual classroom. On
the basis of applications, the sub-markets include academic, corporate, and
government.
The report provides profiles of
the companies in the market such as Coursera, Tracxn, Smart Education, BYJU, 51
Talk (China Online Education Group), Koolearn Tech, XS Teach, Beijing Yuanli
Education Technology, Dexler Education, and Netology Group Company.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of e-learning market. Moreover, the study highlights current market
trends and provides forecast from 2021-2027. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.
Please Choose One of them.