The higher educational sector is witnessing an increased demand for digital courses, and paid subscriptions for global eLearning platforms.
Arizton’s recent research report on the global e-learning market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by delivery modes (packaged content, SaaS/LMS, and others), learning modes (self-paced and instructor-led), type (training and testing), end-user (K-12, higher education, corporates, government, and vocational), and geography (North America, APAC, Europe, MEA, and Latin America).
The global eLearning market is expected to reach around $238 billion by 2024, growing at a CAGR of 8.5% during the forecast period.
Corporates to emerge as major adopters of LMS during the forecast period
Learning management systems (LMS) help in easy content collaboration, testing material, and information exchange among peer group both in the academic and professional world. LMS is the fastest growing segment in the global eLearning market. SaaS (software-as-a-service) associated LMSsare the integral part of cloud-based services and play a major role in the growth of the eLearning market. Corporates are emerging as the largest end-user of the SaaS-based LMSs as they adopt these systems to impart training to their employee for career development. These software also help to enhance user experience, improve reporting, and increase administration experiences.
APAC to witness high growth for instructor-based eLearning market
The instructor-basedeLearning market captured around half of the global eLearning market in 2018. Instructor-based learning can be considered the future of the eLearning sector. It is a cost-effective learning method that enables the user to attend the class from any part of the world. It focuses on short and precise incremental modules to attract and retain more students and professionals. By 2024, the revenue of global eLearning market in APAC region is expected to become nearly double.
Academic segment is emerging as the largest end-users of the online learning industry
K-12 and Higher Education segments are coming up as the most potential end-users of the eLearning market. They subscribe to digital resources to provide better access and reach to students. Several established, as well as companies, are switching to the eLearning mode, which is estimated to have a cumulative annual growth rate of 16% by 2020. Further, schools are taking strategic move to convert textbooks to e-books, which will be led to the creation of free and downloadable e-books. Further, the higher educational sector is witnessing an increased demand for digital courses, content, educational material and paid subscriptions for global eLearning platforms. Also, the advent of massive open online courses has witnessed an unprecedented traction among students in international universities and schools. Such intuitive approach for the betterment of the education system is contributing in the multi-dimensional growth of the global eLearning market.
Apollo Education Group Inc., BlackBoard Learn, Oracle, Pearson PLC, and The British Council are leading vendors of the global eLearning market.
The complete overview of the latest market research report on the global eLearning market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides the market size and forecast for major geographical regions and key countries.
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