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Our estimates suggest that the global eLearning market is likely to be worth USD 194.5 billion in 2020, and this value is projected to reach USD 420.1 billion by 2030, growing at an estimated CAGR of 8.0%, during the given time period. Electronic learning (eLearning) or online learning can be defined as the learning imparted via electronic media, majorly through internet, on devices, such as mobile phones, tablets, phablets, laptops, and personal computers. It can also be defined as a network enabled transfer of skills and knowledge, and the delivery of education is made to large number of recipients at the same or different times. One of the major advantages offered by eLearning solutions is the opportunity to learn their choice of subject from their preferred location, at any given time.
The growing need for eLearning platforms across corporate organizations and educational institutes, as they are actively upgrading their training programs, and rising penetration of internet-based and mobile learning solutions are some of the factors that are presently driving the eLearning market. In addition, the ongoing COVID-19 pandemic has led to exponential growth in the adoption of eLearning solutions. It is worth mentioning that, in 2019, USD 18.66 billion was raised by players engaged in this domain; the investments are expected to grow further owing to the pandemic, as governments across the world are urging individuals to isolate, compelling them to adopt options that allow learning from remote locations.
According to the World Economic Forum, due to the COVID-19 pandemic, over 1.2 billion children were out of the classroom by April 2020. To resume their classes, majority of the governments have encouraged online methods of teaching. For instance, since mid-February, Tencent classroom, an eLearning platform provider, reported an increased adoption of its solutions after the Chinese government encouraged students (a quarter of a billion full-time students) to resume their studies through online platforms. As a result, about 81% or 730,000 K-12 students attended classes via Tencent K-12 Online School in Wuhan.
In our report, the global eLearning market has been segmented into four key regions, namely North America, Europe, Asia-Pacific and the rest of the world. Currently, based on geography, North America holds the largest share of the overall eLearning market; this can be attributed to early technology adoption and presence of key players in this region.
The ‘eLearning Market: Global Opportunity and Trend Analysis, 2020-2030’ report features an extensive study of the current landscape of industry players of the eLearning sector. Amongst other elements, the report features:
By Type of Products
By Type of End Users
By Type of Training
The research covers profiles (listed below; in alphabetical order) of key players that offer eLearning solutions.