E-learning has become a vital part of the modern education system. E-learning or electronic learning is characterized as modern education solution that is used to obtain the knowledge through digital technologies & devices. It helps to teach various courses, programs, and degrees through online media. The e-learning system promotes the healthy exchange of knowledge in an interactive environment for the participants. It is also used to deliver the education regardless of the time & place. E-learning is a very cost-effective solution than traditional teaching systems and keeps pace with the constantly changing requirements for high quality education. E-learning has found extensive applications in various sectors including marine, IT, retail, telecommunications, healthcare and financial services. These all sectors use e-learning or online-learning programs to train the employees as well as for disseminate information. The major growth factors of e-Learning in the academic & corporate environment include growth in e-Learning service innovations, fast-paced advancements in Internet technology including bandwidth expansion, high-speed internet access, and launch of 5G networks, rapid penetration of smart-phones & tablets, growth in development of new & potent e-Learning technologies, increase in use for education supported by digitalizing lifestyles of the consumers, robust growth in Internet users, increase in popularity of implementing Corporate E-learning Market & training via tablets or smartphones, growth in wave of BYOD in enterprises and increase in favorable government initiatives that support the use of technology in the education sector.
Some E-Learning Market Major Players include Intuition Publishing, Oracle Corporation, Allen Interactions Inc., CERTPOINT Systems Inc., Adobe Systems Inc., Kallidus Ltd., Microsoft Corporation, Cornerstone OnDemand, Inc., City & Guilds Group, Apollo Education Group, Saba Software, Skills2Learn Ltd., Cisco Systems, Inc., Aptara, Inc., Articulate Global, Inc., SAP SE, Citrix Education Inc., Learning Pool, and D2L Corporation.
The e-learning market around the world is changing rapidly with emerging trends including personalized learning, mobile learning, social learning, and massive online open courses (MOOCs). Personalized learning is one of the most influential trends as it moves away from something that fits everyone, it has an adaptive model, and learning activities are presented to students based on their knowledge. In addition, game-based learning has also gained in importance as students enjoy learning.
The E-learning market can be fragmented into various categories like primary & secondary supplemental education, reskilling & online certification market, test preparation, higher education, and language & casual learning. The current user base of e-learning platform includes students and working professionals. Primary & secondary education segment is conquered by the students, while the reskilling & online certification is conquered by working professionals, and test preparation category is dominated by both students and working professionals Small and medium-sized businesses are represented in the test preparation category, while the online certification & recycling category is dominated by large companies.
In geographic terms, the APAC region will show tremendous E-Learning Market Growth Rate in the market owing to growth in youth population, rise in demand from India and China due to increase in literacy rate and surge in government initiative to bridge the digital divide. Both Europe and North America regions are likely to exhibit higher CAGR caused by growth in technological development and innovation during the forecast period. Latin America and the African region will also experience growth because of rise in demand for primary and further education.
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Ankur Gupta, Head Marketing & Communications