E-Learning market is expected to grow from $176.12 billion in 2017 to reach $398.15 billion by 2026 with a CAGR of 9.5%. The key factors that are favoring the market growth are flexibility in learning, low cost, easy accessibility, increased effectiveness by animated learning, escalation in number of internet users and growing access of broadband pooled with mobile phones with online capabilities. However, factors like change management, technology obsolescence and vendor- developer partnership are major restraints that are hindering the growth of this market.
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E-learning insinuates the learning methodology through social and substance correspondence, using electronic equipment. It is programming of partition acknowledging, where flexible customers can without a very remarkable stretch access informative substance on their handheld device (mobile phone, etc.) at whatever point it may suit them. Ascent of E-learning has helped understudies remember for adamant similarly as powerful learning. Plus, the flexibility in convenient adjusting furthermore attracts learning through sight and sound instruments on mobile phones. Other than this, various focal points offered by E-learning are helpful learning, exclusive expectation for constancy and multi – contraption support.
E-learning structure implies the instinctive and simulative methodology of teaching and learning with the use of mobile phones and applications, as opposed to the traditional homeroom system. E-learning consolidates the methodology and data on the investigation corridor with the flexibility and adaptability of front line versatile development to make a unique, profitable and powerful learning experience.
The US and Canada are the largest revenue generators in the e-learning market in North America. The increasing availability of internet infrastructure and the high penetration of smart phones and tablets in North America are driving the growth of the e-learning market in the region. Advantages such as extensive access to innovative learning and training solutions are propelling the demand for e-learning modules in the North American market. Vendors are focusing on offering learning modules with high engagement levels, degree of customization, and the quality of content to gain the market share in the e-learning market in North America.
E-Learning Industry Key Players: Cisco Systems, Oracle iLearning, Tata Interactive Systems, Microsoft, Apollo Education Group, Educomp Solutions Ltd , SAP, McGraw-Hill Education, SkillSoft, The British Council, Aptara, Cengage Learning , Macmillan, Cornerstone on demand, Desire2learn, Edmodo, Pearson, BlackBoard Learn, Docebo and SunGard.
Products Covered: Academic e-Learning, Corporate e-Learning
Vendors Covered: Content Providers, Faculty support, Service Providers
Learning Modes Covered: Instructor-Led, Self-Paced
Types Covered: Testing, Training
Technologies Covered: Podcasts, Learning Content Management System, Learning Management System (LMS)/SaaS, Knowledge Management System, Application Simulation Tool, Mobile e-learning, Rapid e-learning, Virtual Classroom, Online e-learning, Game Bases Learning, MOOCS, Wearables and Others, Packaged Content, Other Technologies
End Users Covered: Higher Education, K-12
Regions Covered: North America, US, Canada, Mexico, Europe, Germany, UK, Italy, France, Spain, Rest of Europe, Asia Pacific, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Rest of South America, Middle East & Africa, Saudi Arabia, UAE, Qatar, South Africa, Rest of Middle East & Africa
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