North America E-Learning Market Forecast to 2028 – COVID-19 Impact and Regional Analysis– by Delivery Mode (Online, LMS, Mobile, and Others), Learning Mode (Self-Paced and Instructor-Led), and End User [Academic (K-12 and Higher Institution) and Corporate]
The North America e-learning market is expected to grow from US$ 113.37 billion in 2022 to US$ 186.09 billion by 2028. It is estimated to grow at a CAGR of 8.6% from 2022 to 2028.
Ease of Tracking Student Performance and Maintaining Centralized Student Database is Driving the North America E-Learning Market
E-learning allows teachers to track students’ progress and ensure their performance accomplishments are met. Educational institutes are seeking new methods for optimizing their operations and handling student data better. Student database management systems make their tasks easier, reduce manpower requirements, and ensure efficient learning processes. Also, maintaining a centralized student database ensures data-driven collaboration between teachers, students, parents, and admin staff. E-learning platforms provide a one-stop solution for integrating student data from various processes such as enrolment, parent-teacher communications, exam results, and attendance records. For example, when students fail online exams, an instructor offers various learning methods aligned with their personalities so they can easily grasp the learning materials and improve their performance. Advanced e-learning systems provide reporting and analytical tools that enable teachers to identify areas that may be missing from their existing courses and areas wherein they excel. For instance, if students have difficulty in understanding certain learning materials, teachers can assess the content and make necessary improvements. In addition, all detailed information related to students—including personal details, completed assignments and exams, payment status, and learning activities—is stored safely in a centralized system; it can all be displayed readily on a single screen. Thus, e-learning platforms aid the ease of tracking student performances and maintaining a centralized database, which boosts their popularity among education stakeholders, thereby driving the North America e-learning market growth.
North America E-Learning Market Overview
The North America e-learning market is segmented into the US, Canada, and Mexico. The rising adoption of digitalization in the education sector and growing emphasis on efficient and high-quality learning are boosting the demand for e-learning solutions and services across the region. Further, the education sector has adopted various learning techniques such as interactive content, video-based learning, and game-based learning and strategies such as integrating AI into e-learning platforms. The unexpected surge of e-learners has created a demand for e-learning solutions. Thus, the growing preference for online learning portals and the rising trend of adopting advanced technologies have increased the demand for e-learning, which is expected to fuel the market growth across the region over the coming years. Further, the increasing preference of organizations for continuous learning has compelled several corporates across the region to become more conscious of the effective use of technologies to deliver accessibility and content anywhere and anytime. Many regional firms are upgrading their training environments by incorporating e-learning solutions to ensure staff productivity. Corporations find teaching their staff through online learning platforms easier and more effective since it allows quick learning while retaining employee productivity. As a result, the advancements of e-learning platforms, particularly in the corporate user sector, are increasing the adoption of online learning platforms. All these factors are supporting the growth of the North America e-learning market.
North America E-Learning Market Revenue and Forecast to 2028 (US$ Billion)
North America E-Learning Market Segmentation
The North America e-learning market is segmented into delivery mode, learning mode, end user, and country.
Based on delivery mode, the North America e-learning market is segmented into online, LMS, mobile, and others. The online segment held the largest North America e-learning market share in 2022.
Based on learning mode, the North America e-learning market is segmented into self-paced and instructor-led. The self-paced segment held the larger North America e-learning market share in 2022.
Based on end user, the North America e-learning market is segmented into academic and corporate. The academic segment held the larger North America e-learning market share in 2022. Moreover, academic segment is fragmented into K-12 and higher institutions.
Based on country, the North America e-learning market is segmented into the US, Canada, and Mexico. The US dominated the North America e-learning market share in 2022.
Adobe Inc; Cisco Systems Inc; Citrix Systems Inc; Cornerstone OnDemand Inc; D2L Inc; Gnowbe Pte Ltd; and SAP SE are the leading companies operating in the North America e-learning market.
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