17-Jun-2024 | Facts and Factors
According to Facts and Factors, the global e-learning market size was worth around USD 251.46 billion in 2023 and is predicted to grow to around USD 1,080.32 billion by 2032 with a compound annual growth rate (CAGR) of roughly 17.58% between 2024 and 2032.
E-learning is described as a formalized learning system that requires the use of electronic devices for delivery purposes. In E-learning systems, the study sessions may be conducted inside or outside of the classroom but the use of electronic devices to provide an enhanced learning experience is critical to e-learning and acts as the defining factor. It can also be defined as an ecosystem powered by a network for the transfer of skills or knowledge in which information can be passed from the instructor to the students at the same time or at different times.
Browse the full “E-Learning Market Size, Share, Growth Analysis Report By Learning Mode (Virtual Classrooms, Mobile Learning, Blended Learning, and Others), By Type (Responsive e-Learning, Custom e-Learning, Rapid e-Learning, Game-Based Learning, and Others), By Courses (Instructor-led Virtual and Self-paced), By Provider (Content Provider and Services Provider), By Application (Academic, Government, and Corporate), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2024 – 2032" report at https://www.fnfresearch.com/e-learning-market-report
A few years ago, the teaching methodology was not accepted by many institutes as the idea of lacking a human element could not be comprehended. However, the main turning point for the e-learning sector arrived in 2020, during the pandemic when every aspect of teaching or learning was transferred to digital devices which was further encouraged by the rapid application of enhanced technology and system to deliver the sessions.
E-learning is scalable in many ways and offers personalization options which means teachers can focus on each student individually as opposed to the traditional method. A recent research study reported that students are likely to retain educational teaching at least 25% to 60% more in the case of e-learning when compared to teachings in physical classrooms.
The global e-learning market is projected to be pushed by the growing sales of electronic devices making e-learning more accessible. Earlier, one of the major restrictions on e-learning or digital classrooms was the lack of access to smart devices due to factors like unaffordability, the high price of equipment, and the lack of options. However, powered by an increase in investments in the digital sector, there are multiple options for internet-powered smart devices present in the commercial market.
Furthermore, factors like the availability of financial assistance, discount offers, and new products launched across price ranges along with other elements like growing employment rate, the growing standard of living, and high dependency on mobile devices have led to overall growth in the demand and sale of smart equipment like laptops, mobile phones, and tablets.
The global market may register higher growth due to the increasing investments by corporates and business organizations in upskilling their existing employees. Companies realize the importance of human resources and prefer to invest in them to reap high benefits. The trend of companies sponsoring educational activities and training programs may have registered high growth in recent times.
One of the critical factors that could impede the global market growth trend is the need for continuous product innovations. Since the number of players in the market has increased considerably, the competition is getting tougher. Consumers have become sure of what they expect from the service providers and factors like the integration of machine learning and artificial intelligence to provide superior user experience are acting as the determining factors in the success of a certain brand.
The growing number of players may provide market growth opportunities whereas the rising cases of cheating may act as a major challenge.
Segmental Overview
The global e-learning market is segmented based on learning mode, application, delivery mode, function, and region
Based on application, the global market divisions are government, academic, and corporate. The global market registered the highest growth in the corporate segment in 2021 and may grow at a CAGR of 15.25% during the forecast period.
The growth was driven by the shift of work culture to remote working during the pandemic which meant that the companies had to invest in e-learning programs to conduct training sessions or provide any other assistance to the employees. The segment is expected to become one of the most lucrative investment opportunities in the coming years.
Based on function, the global market is segmented into testing and training with the latter dominating the segment growth in the coming years. As per estimates, the training segment may grow at a CAGR of 12.59% as online training is known to have several benefits over conventional ways of knowledge transfer. The testing segment may also grow at a considerable rate owing to the increasing shift toward online platforms for assessment purposes.
Regional Overview
North America is anticipated to lead the global e-learning market driven by the presence of the highly advanced education sector of the USA. The country’s education system is one of the most well-funded and highly renowned segments across the globe which attracts millions of students annually from every part of the world.
The regional growth could be propelled by the high investment rate of corporates undertaking skill development programs for employees. Growth in Asia-Pacific is projected to reach new heights due to the growing market for e-learning fueled by the emergence of multiple domestic players catering to the requirements of a large section of the regional population.
Report Scope
Report Attribute |
Details |
Market Size in 2023 |
USD 251.46 Billion |
Projected Market Size in 2032 |
USD 1,080.32 Billion |
CAGR Growth Rate |
17.58% CAGR |
Base Year |
2023 |
Forecast Years |
2024-2032 |
Key Market Players |
Adobe, Aptara Inc., Articulate Global LLC, Blackboard Inc., BYJU’S, CERTPOINT, Cisco Systems Inc., Citrix Systems Inc., Coursera Inc., D2L Corporation, Docebo, edX LLC, Google LLC, IBM Corporation, LinkedIn Corporation, McGraw Hill, Microsoft Corporation, NIIT (USA) Inc., Oracle Corporation, SAP SE, Udacity Inc, Udemy Inc., upGrad Education Private Limited, and Others. |
Key Segment |
By Learning Mode, By Type, By Courses, By Provider, By Application, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Competitive Landscape
The global e-learning market is led by players like Adobe, Aptara Inc., Articulate Global LLC, Blackboard Inc., BYJU’S, CERTPOINT, Cisco Systems Inc., Citrix Systems Inc., Coursera Inc., D2L Corporation, Docebo, edX LLC, Google LLC, IBM Corporation, LinkedIn Corporation, McGraw Hill, Microsoft Corporation, NIIT (USA) Inc., Oracle Corporation, SAP SE, Udacity, Inc, Udemy, Inc., upGrad Education Private Limited, and others.
Recent Developments:
- November 2023: Asia Society Texas Champions Cultural Understanding: Asia Society Texas (AST) launched "Asia in the Classroom," an online platform designed to equip K-12 students and educators with resources to explore the rich and diverse stories of Asia and Asian Americans. This initiative highlights the growing focus on using e-learning to promote cultural awareness and inclusivity.
- June 2023: IPC Upskills the Electronics Workforce: The global industry association for electronics manufacturing, IPC, launched online instructor-led courses. These courses address the challenges and solutions of lead-free production, demonstrating how e-learning can empower professionals with targeted skill development.
- March 2022: Skilldom & Cognigix Merge Expertise in Custom E-Learning: E-learning veterans Skilldom and Cognigix joined forces. This merger highlights the consolidation trend within the e-learning industry, with companies seeking to combine expertise and expand their service offerings in the custom learning solutions space.
The global e-learning market is segmented as follows:
By Learning Mode
- Virtual Classrooms
- Mobile Learning
- Blended Learning
- Others
By Type
- Responsive e-Learning
- Custom e-Learning
- Rapid e-Learning
- Game-Based Learning
- Others
By Courses
- Instructor-led Virtual
- Self-paced
By Provider
- Content Provider
- Services Provider
By Application
- Academic
- Government
- Corporate
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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