South 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]

South 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 South America e-learning market is expected to grow from US$ 10.39 billion in 2022 to US$ 14.89 billion by 2028. It is estimated to grow at a CAGR of 6.2% from 2022 to 2028.

Need for Designing E-learning Courses for Different Generations is Driving the South America E-Learning Market

In most companies, staff members of different generations work together. As an employer, bringing benefits to an organization through different levels of experience, knowledge, and diversity contributed by baby boomers, gen Xers, and millennials becomes difficult. Moreover, a multi-generational workforce sometimes makes learning and development programs a little tricky due to differences in their learning styles and technological abilities. Younger team members generally prefer high-tech, independent training methods, while older staff may need more traditional and trainer-led approaches. Moreover, such diversity in terms of age and experience makes it challenging to create generic e-learning experiences for all since each generation has its unique traits and needs. Therefore, the need for designing the same e-learning courses for different generations limits adds to the overall cost of content development, thereby hampering the South America e-learning market growth.

South America E-Learning Market Overview

The South America E-Learning Market is segmented into Brazil, Argentina, and the Rest of South America. South America has witnessed a rapid surge in the number of student enrolments in higher education over the last decade; however, the uptake of digital has been limited in the region. Governments of various South American countries are focusing on better access to higher education with significant progress in participation involving high gross enrolment rates. An increase in secondary education graduation rates, an expansion in the number of higher education institutions, a rise in the number of policies such as student loans and scholarships, and high spending on education have increased student participation in various e-learning and online modes of education. This, in turn, is propelling the demand for e-learning solutions across South America.

Various South American countries such as Brazil, Colombia, and Chile are steadily adopting e-learning solutions to meet the demand for high-quality education. Governments in countries such as Brazil and Argentina are providing various incentives to e-learning solution providers to boost citizens' employability skills through new digital learning mechanisms. However, the lack of compliance of learning tools with specific industry standards hampers the growth of the South America E-Learning Market. Several organizations and educational institutions are expected to use e-learning platforms in the coming years, which is likely to support the market growth during the forecast period.

South America E-Learning Market Revenue and Forecast to 2028 (US$ Billion)

South America E-Learning Market Segmentation

The South America e-learning market is segmented into delivery mode, learning mode, end user, and country.

Based on delivery mode, the South America e-learning market is segmented into online, LMS, mobile, and others. The online segment held the largest South America e-learning market share in 2022.

Based on learning mode, the South America e-learning market is segmented into self-paced and instructor-led. The instructor-led segment held the larger South America e-learning market share in 2022.

Based on end user, the South America e-learning market is segmented into academic and corporate. The academic segment held the larger South America e-learning market share in 2022. Moreover, academic segment is fragmented into K-12 and higher institutions.

Based on country, the South America e-learning market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America e-learning market share in 2022.

Adobe Inc; Cisco Systems Inc; Citrix Systems Inc; Cornerstone OnDemand Inc; and SAP SE are the leading companies operating in the South America e-learning market.

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