LONDON--(BUSINESS WIRE)--The e-learning market in the US is expected to post a CAGR of around 5% over the period 2018-2022, according to the latest market research report by Technavio. However, the market is expected to decelerate over the forecast period owing to a decrease in the year-over-year growth.
A key factor driving the growth of the market is the inherent flexibility and cost-effectiveness of e-learning. E-learning enables people to learn from home which improves convenience and eliminates the need to spend on accommodation and transportation. Moreover, people can decide how, when and what to learn and establish their own learning goals choosing from a wide variety of subjects to learn.
This market research report on the e-learning market in the US 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the advent of new technologies as one of the key emerging trends in the e-learning market in the US:
E-learning market in the US: Advent of new technologies
The US is an early adopter of advanced technologies. Advanced technologies such as virtual assistants, AR and VR have been incorporated into e-learning products in the country. The implementation of such technological advances in education has caused the evolution of the e-learning landscape in the country. E-learning through smart wearables such as Google Glass, Oculus Rift, and even smartwatches such as the Apple Watch will enable dynamic and efficient learning.
“The technological maturity of the country and the evolution of learner demand have necessitated the need for convenience and innovations in the e-learning value chain. Learners can learn effectively and efficiently at their own pace,” says a senior analyst at Technavio for research on education technology.
E-learning market in the US: Segmentation analysis
This market research report segments the e-learning market in the US by end-user to include the higher education, corporate and K-12 segments.
In 2017, the higher education segment accounted for the largest share of the market with a market share of close to 45%. The market share of this segment is expected to witness a small decline over the forecast period. The K-12 segment which held the smallest share of the market in 2017 is the only segment which is expected to see an increase in its market share over the forecast period.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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