DUBLIN--(BUSINESS WIRE)--The "E-Learning Service Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global e-learning service market is poised to grow at a CAGR of 15.61% during the forecast period, reaching a total market size of US$137.754 billion in 2025 from US$57.702 billion in 2019
E-Learning has made study content more concise and expressive simultaneously with the use of audios, videos, and other graphics. Companies providing e-learning services are engaging in innovative growth strategies to engage people in learning through these online learning platforms. Companies are providing online degree courses and even diploma and certificate courses for the student for validation of completion of certain skill or training courses or programs. Courses range from short term to long terms like a year or more and divided on in short. This, in addition, is driving the market as it makes people more confident in the course offered.
The global E-Learning service market is segmented by type and end-user. By type, the market is segmented as synchronous and asynchronous. On the basis of end-user, the global e-learning service market is segmented as corporate, academic, and government.
Technological advancements such as AR & VR devices, AI platforms, big data, and machine learning provide a great opportunity for the growth of the e-learning service market during the next five years. These technologies are helping companies to share and deliver education-based content in innovative and interactive methods.
The growing penetration of the internet worldwide is also contributing to the growth of the e-learning service market as more people are using the internet for educating themselves and learning new skills. According to the World Bank data, the penetration of the internet has grown double fold in a decade from 22.96% individuals using the internet in 2008 to 49.72% individuals using the internet in 2017. The proliferation of smartphones combined with the rising internet connectivity is thus, bolstering the growth of the e-learning service market.
- Blackboard Inc.
- Meridian Knowledge Systems
- Allen Interactions Inc
- Aptara Inc.
- Cisco System Inc.
- InfoPro Learning, Inc.
- Virtual College
- Learning Pool
- Skill Soft
Asynchronous learning holds a significant market share
The market for asynchronous e-learning holds a significant share of the global e-learning service market. Asynchronous learning is more popular as compared to synchronous learning. This is because the former provides flexibility and pacing along with affordability. Asynchronous learning is studying the course by using reading materials, viewing lectures, completing assignments, and exams for evaluation within a flexible time frame. However, the synchronous learning service market is poised to grow at a significant CAGR during the forecast period. This type of e-learning service is offered in real-time and includes video conferencing, teleconferencing, live chatting, and live-streaming lectures. It happens in a specific virtual place, through a specific online medium, and at a specific time.
North America one of the major regional markets
Regionally, the global e-Learning service market is classified into North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific. North America accounted for a significant market share in 2019 owing to the continuous rise in tuition fees in countries like the U.S. and Canada. Moreover, high awareness about the benefits of e-learning services further supports the market growth of e-learning services in the region. The Asia Pacific will witness a decent market growth rate owing to the urbanization and increase in disposable income. People are getting more aware of the advantages and benefits of e-learning and want to learn new skills and improve their aptitude for better job opportunities these will drive the e-learning service market in the Asia Pacific region.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. E-Learning Service Market Analysis, By Type
6. E-Learning Service Market Analysis, By End-User
7. E-Learning Service Market Analysis, By Geography
7.2. North America
7.3. South America
7.5. Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/3utc37