E-Learning Market Trends, Share, and Growth (2021-2031)
The E-Learning market size is projected to reach US$ 605.22 billion by 2031 from US$ 299.32 billion in 2023. The market is expected to register a CAGR of 9.2% during 2023–2031. The surging use of AI and machine learning in e-learning is likely to remain a key trend in the market.
E-Learning Market Analysis
Online and technology-driven education has surpassed classroom-based education in terms of cost, accessibility, time, and convenience. Students can enhance their skills by enrolling in courses provided by top experts and universities worldwide. Aside from students, working professionals are another important target segment for digital learning organizations. Online certifications have become increasingly popular in today's competitive corporate climate. Continuous skill upgrading is expected in various industries, including IT, BPOs, KPOs, and start-ups. Corporate personnel are increasingly taking online courses to remain ahead of the curve, while most professionals demand certificates for their jobs.
E-Learning Market Overview
The digital learning market is rapidly expanding in developing countries, with a high number of start-ups joining the sector. The digital learning sector is driven by factors such as increased internet usage, time constraints, geographical obstacles, and reduced costs for online training. These drivers promote self-paced learning and expand its scope. As the demand for quality certification grows, more people are turning to online learning programs.
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E-Learning Market: Strategic Insights
Market Size Value in US$ 274.10 Billion in 2022 Market Size Value by US$ 465.47 Billion by 2028 Growth rate CAGR of 9.2% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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E-Learning Market: Strategic Insights
| Market Size Value in | US$ 274.10 Billion in 2022 |
| Market Size Value by | US$ 465.47 Billion by 2028 |
| Growth rate | CAGR of 9.2% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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E-Learning Market Drivers and Opportunities
Rising Number of Connected Devices and Growing Internet Penetration to Favor the Market
The demand for connected devices, such as tablets, laptops, and smartphones, is increasing globally. The demand is further catalyzed due to learn-from-home and work-from-home scenarios. As students could not attend school or tuition classes due to the lockdown and social distancing measures due to the COVID-19 pandemic, their education was conducted online, eventually propelling the demand for smartphones and laptops. Moreover, the development of telecommunication services globally has led to a rise in internet penetration, even in the remote areas of the world, this is supplementing the global e-learning market.
Increasing Use of AR & VR Applications
In recent years, Augmented Reality (AR) and Virtual Reality (VR) technologies have gained appeal in the education and training industries as excellent methods for improving the learning experience. AR and VR can provide remote and flexible learning, allowing students to access training materials and simulations from anywhere in the world. This can be especially useful when students are unable to attend in-person training sessions.
E-Learning Market Report Segmentation Analysis
Key segments that contributed to the derivation of the E-Learning market analysis are delivery mode, learning mode, and end user.
- Based on delivery mode, the E-Learning market is divided into online, LMS, mobile, and others. The online segment held a larger market share in 2023.
- By learning mode, the market is segmented into self-paced and instructor-led.
- By end user, the market is segmented into academic and corporate. K-12 and higher institutions are the prominent sub-segments of the end user segment.
E-Learning Market Share Analysis by Geography
The geographic scope of the E-Learning market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America dominated the E-Learning market share in 2023. As per the HurixDigital 2023 report, the US is one of the world's leading countries in terms of successful eLearning implementation in education.
E-Learning Market Report Scope
E-Learning Market News and Recent Developments
The E-Learning market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the E-Learning market are listed below:
- William Woods University WWU) today officially announced an agreement with Coursera, a global online learning platform, that will significantly expand access to digital content that is relevant to today’s workplace, offering skills training and industry-recognized certifications of in-demand job skills to WWU students, staff, alumni and university partners. The new partnership will allow William Woods to learn from over 325 top universities and companies on Coursera, with online courses and credentials in a variety of disciplines and thread it into the university’s curriculum, further enhancing the academic experience and employment marketability of every WWU student. (Source: William Woods University, Press Release, February 2024)
- edX and Degreed announced an expanded strategic partnership to provide organizations with premier educational content and platform solutions that drive skills-based learning. Now, edX For Business – a best-in-class content solution for organizations looking to drive more impactful learning and development programs – is available to organizations and their employees directly within the Degreed platform, reflecting a concerted effort to redefine how companies train, upskill, and retain talent across every level of their workforce. (Source: edX, Press Release, December 2023)
E-Learning Market Report Coverage and Deliverables
The “E-Learning Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- E-Learning market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- E-learning market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- E-learning market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the E-Learning market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Delivery Mode, Learning Mode, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, New Zealand, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America dominated the E-Learning market in 2023.
Ease of tracking student performance and maintaining a centralized student database are expected to drive the E-Learning market.
The surging use of AI and machine learning in e-learning is likely to remain a key trends in the market.
Coursera, edX, LinkedIn Learning, Skillshare, Skillsoft, Udacity, Khan Academy, Learning Pool, Pluralsight, Blackboard, Adobe Inc, Aptara, AllenComm, Plato eLearning, LLC, FutureLearn, Infopro Learning, Instructure, iSpring Solutions, Absorb, Allen Interactions Inc, Cisco Systems Inc are among the leading payers operating in the E-Learning market.
The E-Learning market size is projected to reach US$ 605.22 billion by 2031
The E-Learning market is expected to register a CAGR of 9.2% during 2023–2031
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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