LONDON--(BUSINESS WIRE)--The e-learning market size in Europe is expected to grow by USD 24.23 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth, according to the latest market research report by Technavio. Request a free sample report
The growing emphasis on personalized learning is one of the key factors expected to propel the e-learning market growth during the forecast period. Personalized learning prioritizes the requirements of individual learners while developing the course curriculum and learning content. The rising adoption of digital technology and Internet-enabled devices in the education sector have been major contributors to the increasing popularity of personalized learning in the advanced and emerging economies of Europe. Various e-learning vendors have been providing customized learning tools for educational institutions to customize the curriculum as per the learning patterns of the students.
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As per Technavio, the growing prominence of data analytics in e-learning will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
E-learning Market In Europe: Growing Prominence of Data Analytics in E-Learning
Personalized learning systems are incorporating data analytics solutions in tandem with the course content to ensure effective performance monitoring for various stakeholders of the education industry including students, parents, and teachers. With the embedding of software analytics in e-learning, institutional and individual learners can track and analyze their real-time performance and learning progress. These factors will drive the e-learning market growth in Europe.
“Factors such as the increasing support for digital learning through government initiatives and the rise in adoption of digital platform-enabled education will have a significant impact on the growth of the e-learning market value in Europe during the forecast period,” says a senior analyst at Technavio.
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E-learning Market In Europe: Segmentation Analysis
This market research report segments the e-learning market in Europe by product (packaged content and solutions) and geography (UK, Germany, and Rest of Europe).
The UK led the e-learning market share in Europe in 2019, followed by Germany and Rest of Europe respectively. During the forecast period, Rest of Europe is expected to register the highest incremental growth due to factors such as the growing emphasis on the education technology sector, and the increased investments in digital infrastructure.
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Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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