E-Learning Market Size By Technology (Online E-Learning, Learning Management System (LMS), Mobile E-Learning, Rapid E-Learning, Virtual Classroom), By Provider (Service, Content), By Application (Academic [K-12, Higher Education, Vocational Training], Cor

E-Learning Market Size By Technology (Online E-Learning, Learning Management System (LMS), Mobile E-Learning, Rapid E-Learning, Virtual Classroom), By Provider (Service, Content), By Application (Academic [K-12, Higher Education, Vocational Training], Corporate [SMBs, Large Enterprises], Government), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028

The e-learning market is expected to grow immensely by 2028 owing to the rise in internet penetration around the globe. With the growing number of online learning platforms, there has been a paradigm shift towards distance learning and online certification, fostering industry expansion.

Notably, during the coronavirus outbreak, the e-learning market witnessed a positive impact due to a large number of corporates shifting to a work-from-home model to ensure employee safety. Subsequent government initiatives to maintain pandemic protocols and a swing in digitized learning majorly contributed to industry growth. This consequently led a majority of the education sector to come online and offer virtual classroom-based learning services.

For instance, in May 2022, the U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA) announced to award around $77 million to ten states to expand internet access to facilitate telehealth, distance learning, and workforce development to their tribal communities.

Major players in the industry have been focusing on establishing portfolios with appropriate courses for students across the globe. For instance, in October 2021, FutureLearn Ltd., UK’s leading online learning platform, inaugurated a new scholarship program to empower learners globally.

In another instance, in April 2022, Coursera, the U.S.-based global learning platform, partnered with the University of Michigan to launch 10 new courses to provide an immersive experience in learning critical job skills from anywhere around the globe. This new catalogue will provide hands-on learning experiences and skills training.

The e-learning market has been categorized based on provider, application, technology, and region covered.

In terms of technology, the e-learning market has been further divided into learning management systems (LMS), rapid e-learning, online e-learning, mobile e-learning, and virtual classroom. The online e-learning technology segment is estimated to witness a notable growth through the analysis period owing to the growing demand from the healthcare sector for interactive and informative courses to provide better understanding.

Meanwhile, increasing demand in the corporate sector to upskill and train employees in an efficient manner is likely to fuel the rapid e-learning technology market.

The virtual classroom e-learning market is anticipated to flourish on account of the rising government initiatives to digitalize the education infrastructure for offering online courses to a large set of students.

With reference to application, the e-learning market has been split into corporate, academic (K-12, Higher education, vocational learning), and government applications.

The K-12 segment is estimated to grow significantly due to the rapid digitalization of content covering a wide range of educational courses that would fuel the demand for e-learning solutions in the forthcoming years.

Additionally, growing demand from students focusing on securing a seat in foreign institutes for higher education is anticipated to fuel the market growth from the vocational training sub-segment.

From a regional point of view, the Europe e-learning market is projected to grow considerably during the study timeframe due to the robust functionality and resource scalability offered by e-learning solutions.

Meanwhile, increasing adoption of smartphones & tablets across the regional population is projected to support the mobile e-learning technology growth in Latin America.