DUBLIN--(BUSINESS WIRE)--The "Latin America E-Learning Market - Industry Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The Latin America e-learning market is expected to generate revenues of over $3 billion by 2023, growing at a CAGR of more than 4% during 2018-2023.
The recent trend of globalization, talent migration, and consistent improvements in corporate competencies and individual talent grooming are some of the key factors attributing to the growth of the Latin America e-learning market. Government initiatives to set-up sophisticated learning systems is encouraging the migration of many global players to the Latin American market.
The accommodation of learning needs for all types of students, easy repetition of any lecture, access to updated and real-time content, and hassle free tuition delivery are some of many advantages of adopting e-learning methodology in the Latin American market. The increasing mobility of human capital in industries, including tourism, trade, media, international relations, and science and technology is creating the demand for these services in the Latin American market.
The vendors are leveraging internet as an effective tool, enabling successful learning across various end-user segments in an engaging and cost-effective manner. The widened scope of content delivery that includes interactive learning platforms, language training, functional skill development, proficiency testing, and higher education pedagogy, video streaming of classes to corporate training, talent management, and e-governance is transforming the market. The emergence of software applications such as LMS will boost revenues in the Latin America e-learning market.
The incorporation of cloud-based learning, AR, VR, and mobile-based learning applications is modernizing the content delivery models available in the Latin American market. The introduction of blended learning, which incorporates both off-line and online pedagogy will enhance the efficiency of instruction at minimal costs and drive demand in the market.
Market Growth Enablers
- Increased Digitization Initiatives in Schools
- Rise in Internet Penetration and Usage of Connected Devices in Latin America
- High Demand for Learning Language Digitally
Market Growth Restraints
- Need for Continuous Product Innovation
- Variability in Hardware and Software
- Limited Access to Closed Markets and Platforms and Losing Bargaining Power
- Inadequate Internet Bandwidth in Developing Countries
- Lack of Viable Revenue and Monetization Models
Market Opportunities & Trends
- Increment in Adoption of Mobile and Portable Devices
- Emergence of Blended Learning in E-learning
- Increased Adoption of VR and AR in Digital Classrooms
- Open English
- English Attack
- Cengage Learning
- Cornerstone on demand
For more information about this report visit https://www.researchandmarkets.com/research/9pd54t/latin_america_3?w=4