E-learning represents to a learning system that count on electronic devices and information and communication technology (ICT) to convey the information. It conveys the information in the form of text, picture, animation, video and audio via the internet, intranet, satellite broadcast, interactive TV or CD-ROM. It hoards time, bids personalization and reaches a bigger audience. Moreover, it is cost-effective and finds application in the agriculture, healthcare, and education and training industries. It is also subjugated in the corporate sector for directing training programs and collaborative activities, such as project work and assignments, using the chats, discussion forums and blogs.
The operative growth in remote learning throughout the pandemic and requirement for low-cost convenient learning system entirely impacts the E-Learning Market Growth Rate. In addition, surge in utilization of AI and machine learning in e-learning system boost the growth of the market across the globe. However, facets such as shortage of face-to-face communications in the E-learning systems and demand for higher self-motivation limitation the e-learning market growth.
Region wise, the e-learning market size was accounted by North America during the present years and is anticipated to witness the highest growth rate throughout the forecast period due to growth in competition among service providers across the North America.
In addition, key market players deliver more security for data, by confirming speedy access and higher outreach, which propel the growth of the online learning market in this region. However, Asia-Pacific is anticipated to observe proficient growth throughout the forecast period, due to augment in optimization of e-learning services and implementation of cloud-based smart learn solution during the pandemic.
At Ken Research, reports on Corporate E-learning Market delivers a comprehensive analysis of e-learning market around the globe. The report aims on entire market size in terms of revenue created by the e-learning entities, internationally e-learning segmentation by the content services and technology services, by end users such as corporate & government segment and many other.
Furthermore, the industry revenue is augmenting with a double digit CAGR due to Covid 19 Impact On E-Learning Market and the industry witnessed drastic augment in revenue and number of paid users throughout the lockdown throughout 2020 and. Enlarging the internet penetration and shift in predilection from rote learning to experimental learning has been enhancing the growth in the industry. In 2020, live classes and new-age skill enhancement courses such as coding, web development, and countless others has gained traction. Fresh business models such as revenue sharing and commission model has also emerged presently.
Whereas, the Online Learning Market has enabled countless organizations to decrease HR costs associated with the on-board training, recruitment, retaining, and engagement through an automated procedure. The augmenting advances in technological infrastructure and the development in investment from key organizations around the world are projected to fuel the growth of the market over the review period.
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Ankur Gupta, Head Marketing & Communications