Global E-Learning Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global E-Learning Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

eLearning is learning utilizing electronic technologies to access educational curriculum outside of a traditional classroom. In most cases, it refers to a course, program or degree delivered completely online. There are many terms used to describe learning that is delivered online, via the internet, ranging from Distance Education, to computerized electronic learning, online learning, internet learning and many others. eLearning can be defined as courses that are specifically delivered via the internet to somewhere other than the classroom where the professor is teaching. It is not a course delivered via a DVD or CD-ROM, video tape or over a television channel. It is interactive in that students can also communicate with their teachers, professors or other students in the class. Sometimes it is delivered live, where students can “electronically” raise their hand and interact in real time and sometimes it is a lecture that has been prerecorded.

Market Overview:

The latest research study on the global E-Learning market finds that the global E-Learning market reached a value of USD 270475.07 million in 2022. It’s expected that the market will achieve USD 444294.06 million by 2028, exhibiting a CAGR of 8.62% during the forecast period.

eLearning Services Market Drivers

With smartphones and mobiles getting more affordable and internet connectivity getting faster, developers are working on enhancing solutions for on-the-go learners. Technologies, such as HTML5, support the increasing market demand for mobile compatible e-learning data. Portable devices provide learners with access to training resources from remote locations. Moreover, in response to the surge in market demand for efficient eLearning solutions, companies offer custom content and mobile-based learning options with advanced technologies.

The e-learning services segment is witnessing high demand for curriculum design & development, training delivery and analytics services for the seamless functioning of digital learning systems. The content availability related to course materials for educating and training students or employees has surged over the past years. Companies are focusing on providing custom eLearning services that help organizations to create strategy, identify specific requirements, and develop content with subject experts. Growing competition among players to offer user-centric and efficient learning solutions will drive the market growth.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Apollo Education Group, Cengage, McGraw Hill with the revenue market share of 0.64%, 0.47%, 0.35% in 2020.

Cengage

Cengage is the education and technology company built for learners. The company serves the higher education, K-12, professional, library and workforce training markets worldwide.

On December 5, 2017, Cengage announced Cengage Unlimited, a subscription service that allows students to pay for access to the company's entire digital higher education catalog by the semester or year, rather than buying individual textbooks. This service became available during summer 2018, and was reported to be in line with expectations with its initial sales goal. The University of Missouri is the first university to offer this plan to all students, effective January 2019.

McGraw Hill

Founded in 1888, McGraw Hill provides outcome-focused learning solutions to millions of students globally, delivering both curated content and digital learning tools and platforms to the classrooms of approximately 250,000 higher education instructors, 13,000 pre-kindergarten through 12th grade school districts, and a wide variety of academic institutions, professionals and companies. Its products are distributed in more than 100 countries across the Americas, Asia-Pacific, Europe, India and the Middle East.

Segmentation Overview:

Among different product types, Training segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Skill Training segment occupied the biggest share from 2017 to 2022.

Key Companies in the global E-Learning market covered in Chapter 3:

Babbel
2U Inc
Chegg
Simplilearn
OpenSesame
Edmodo
Apollo Education Group
360Learning
Cornerstone
Docebo
edX
Udemy
Udacity
Think & Learn (BYJU'S)
Coursera
Kineo
SAP Litmos
Blackboard
McGraw Hill
Pearson
Pluralsight
Instructure
D2L Corporation
Cengage
Moodle
Skillsoft
Cegos
NIIT
Age of Learning
LinkedIn

In Chapter 4 and Chapter 14.2, on the basis of types, the E-Learning market from 2018 to 2029 is primarily split into:

Online E-Learning
Learning Management System
Mobile E-Learning
Rapid E-Learning
Virtual Classroom
Mooc Platforms
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the E-Learning market from 2018 to 2029 covers:

K-12
Higher Education
Skill Training
Government
Vocational
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)