DUBLIN--(BUSINESS WIRE)--The "E-learning Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global e-learning market is expected to reach $238 billion by 2024, growing at a CAGR of 8.5% during the forecast period.
The global e-learning market is driven by the growing demand for optimized content developed and designed to meet the requirements of the end-users and consumers in the global market. The adoption of the self-paced learning module by the corporate sector will revolutionize the global market during the forecast period.
The maturity of primary and secondary educations systems, corporate learning and training expenditure, federal budgetary allocations to education, literacy rates, and cultural inclinations are likely to increase the popularity of e-learning market worldwide. The introduction of AR and VR in learning and the increasing trend of going mobile and going social are further expected to drive the digital learning market.
Nowadays, vendors are focusing on offering learning modules with high engagement levels, customization, and rich content to gain the e-learning market share. Vendors are likely to focus on the adoption of m-learning technology. The increasing trend to invest in e-learning subscriptions and online courses is expected to generate potential revenue opportunities for e-learning vendors.
The efficient learning infrastructure and the proliferation of modern learning methods are the foremost reasons for the high share of the North America e-learning market. However, the APAC region, especially India and Southeast Asia and MEA, represents a huge growth potential for education industry revenue.
The scope of e-learning programs in European education systems is a crucial factor for the growth of the e-learning market in Europe. The launch of several major educational initiatives is expected to increase the share of the training segment in the Europe e-learning market during the forecast period. The high involvement of the millennial population in professional and personal learning course is a vital factor of the Latin American e-learning market.
The Brazilian market is maturing with the academic segment witnessing gradually stagnation. However, the corporate and vocational e-Learning segments are likely to display substantial growth during the forecast period. The popularity of e-learning platforms, especially gamified and SaaS-based ones, is expected to drive the e-learning market in the Middle East.
Key Vendor Analysis
The global e-learning market is primarily driven by leading vendors that occupy large market shares. The introduction of several modules of LMS, packaged content, and amplified learning courses will help prominent players to attract a broad customer base from different end-user segments.
The launch of freemium offerings with attractive short-term subscription pricing and the increasing investment for product development are offering new opportunities for new entrants in the market.
Further, setting the right price to effectively gauge and capture the marginal utility of the potential consumer will be a major strategic challenge for vendors in the global e-learning market in the coming years.
Major Vendors in the Market
- Apollo Education Group Inc.
- BlackBoard Learn
- Pearson PLC
- The British Council
- Cengage Learning
- Cornerstone OnDemand Inc.
- English Attack
- Latitude CG
- LinkedIn (Microsoft)
- Macmillan Education
- McGraw-Hill eLearning Group
- Open English
- Think and Learn (BYJU's)
- Bright Little Labs
- Aula Education
- WhiteHat Security
- Aveti Learning
- Age of Learning
- eLearn Australia
For more information about this report visit https://www.researchandmarkets.com/r/2qkqil