In this article, I have shared “E-Learning Market Overview Report for the years 2022-2028”
E-learning is a rapidly growing market with immense potential. It offers the ability to learn new skills and knowledge without having to leave the comfort of one’s home.
E-learning can be used for a variety of purposes, such as getting ahead in one’s career, learning a new hobby, or improving one’s grades in school.
The global e-learning market is expected to reach $325 billion by 2025, up from $190 billion in 2020. This growth is being driven by advances in technology, the increasing affordability of e-learning solutions, and the growing acceptance of e-learning as a valid form of education.
As the e-learning market continues to grow, so too will the demand for skilled e-learning professionals.
The E-Learning Market is estimated to grow at a CAGR of 23.7 percent over the forecast period, from USD 309.25 billion in 2021 to USD 1370.56 billion in 2028.
The worldwide e-learning industry is expected to rise due to the rising use of online education and increased expenditure in educational research and development.
The E-Learning Industry Report’s Scope:
E-Learning involves accessing an educational curriculum outside of a traditional classroom using electronic technologies. In some circumstances, it refers to an entirely online program, course, or degree.
It can help pupils understand difficult theories, concepts, and subjects more simply. A network-enabled transfer of skills and knowledge to a large number of users at the same or various times is referred to as e-learning.
The E-learning market report covers prominent players Apollo Education Group, Allen Interactions, Inc., Adobe Inc., ILT Solutions, Blackboard Inc., Cisco Systems Inc., GP Strategies Corp., Instructure Inc., Coursepath, NIIT Ltd., Oracle Corp., Pearson Plc, Skillsoft Corp., and Thomson Reuters Corp., Aptara, Inc., CERTPOINT Systems, Inc, Citrix Education, Cornerstone, Meridian Knowledge Solutions, NetDimensions., Microsoft Corporation, SAP SE, Learning Pool, and Others.
Regional Analysis of the E-Learning Market
During the projection period, North America is predicted to dominate the e-learning industry, with the greatest market share.
Furthermore, significant expenditures in R&D projects, technical advancements, and the presence of prominent competitors in the region will all contribute to the market’s growth in North America.
The Asia Pacific region is expected to grow at a rapid pace, owing mostly to the production of smartphones. The region’s expanding internet penetration will further add to the market’s expansion in Asia Pacific.
Mobile broadband connections accounted for 45 percent of the overall connections base in Asia Pacific by the end of 2015, according to UNESCO, with that figure expected to climb to 70% by 2020.