E-Learning Market (Technology - Online E-learning, Learning Management System (LMS), Mobile E-learning, Rapid E-learning, Virtual Classroom, and Others; Provider - Service, and Content; Application - Academic, Corporate, and Government): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the e-learning market provides in-depth analysis of segments and sub-segments in the global as well as regional e-learning market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional e-learning market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global e-learning market. According to the report, the global e-learning market is projected to grow at a CAGR of about 17% over the forecast period of 2022-2028.

Market Insight

The revenue generated by the global e-learning market was about USD 260 million in 2022 and is expected to reach nearly USD 680 million in 2028 and is expected to grow with a CAGR of about 17% over the forecast period 2022-2028. The e-learning market is expected to grow at a significant CAGR during the forecast period. E-learning is a mode of delivering knowledge to students through electronic modes such as videos, audio, e-books, AR/VR, or any other electronic mode. E-learning provides various benefits to the students, which include low cost of education and specialized course learning. The expanding telecom & broadband sector has increased the accessibility to economical internet connectivity plans. According to the International Telecommunication Union (ITU) in 2021, nearly 4.9 billion individuals used the internet globally compared to 4.1 billion in 2019. With the increasing number of internet users, more people will be able to access e-learning platforms for learning courses or completing degrees. In addition, e-learning has become an integral part of the majority of organizations as it enhances the performance of employees.

With the rise of the COVID-19 pandemic, all schools, colleges, and other learning institutes closed due to the lockdown implemented to avoid the further spread of the coronavirus. This influenced growth of e-learning platforms during the period as educational institutes adopted e-learning mediums to deliver education and training for individuals during the COVID-19 enforced lockdowns. Furthermore, The use of AI and machine learning has grown among e-learning platforms as it allows customized content based on each student's existing knowledge and provides a one-size-fits-all approach. In addition, by leveraging AI and ML, it becomes possible to quickly analyze huge amounts of data, as well as identify patterns & trends to continuously optimize and improve learning experiences. Moreover, it helps make the course creation process much simpler, faster, and more agile without having to sacrifice quality. The COVID-19 pandemic had a positive impact on the e-learning industry's revenue. The increasing employee safety concerns have encouraged corporates to implement work-from-home practices to continue daily operational activities. This has created barriers for companies in terms of training, communication, monitoring progress, and upskilling, supporting the demand for e-learning platforms among large enterprises and SMEs. To cater to the growing demand, several companies are focusing on developing customized learning solutions. For instance, in April 2021, LinkedIn Corporation announced its plans for an online portal designed for enterprises to provide their staff with training videos & materials on subjects such as management strategy and machine learning.

North America is expected to dominate the e-learning market with the highest market share in the forecast period. Moreover, heavy investments in R&D initiatives, technological expansions, and the presence of major players present in the region, this factor will propel the growth of the market in North America. According to UNESCO, global spending on R&D has reached a record high of almost USD 1.7 trillion and about 10 countries account for 80% of spending on R&D. The Asia Pacific eLearning market size is projected to achieve around 27% CAGR through 2028 owing to education system development. Government authorities are focusing on offering world-class education to students by transitioning to digital infrastructure.

Segment Covered

The report on the global e-learning market covers segments such as technology, provider, and application. On the basis of technology, the sub-markets include online e-learning, learning management system (lms), mobile e-learning, rapid e-learning, virtual classroom, and others. On the basis of provider, the sub-markets include service, and content. On the basis of application, the sub-markets include academic, corporate, and government.

Companies Profiled:

The report provides profiles of the companies in the market such as FUTURELEARN Limited, Adobe, Aptara Inc., Articulate Global, LLC, Infor Equity Holdings LLC, Cisco Systems, Inc., Citrix Systems, Inc., D2L Corporation, Microsoft Corporation, Oracle Corporation, and SAP SE.

Report Highlights:

The report provides deep insights into 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 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 the e-learning market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. 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 insight into the market share of the leading players.