E-learning Market Size - By Technology (Online E-learning, LMS, Mobile E-learning, Rapid E-learning, Virtual Classroom, Others), Provider (Service, Content), Application (Corporate, Academic, Government) & Forecast, 2023 – 2032

E-learning Market Size

E-Learning Market size was valued at USD 399.3 billion in 2022 and is anticipated to grow at 14% CAGR between 2023 and 2032.The growing demand for immersive learning and hands-on training experience in the healthcare sector is driving the adoption of e-learning systems across the industry. The e-learning initiative aims to improve digital health learning by raising awareness and understanding the proper usage & accessibility of virtual care services. Improved digital health learning will allow people to better manage their health and feel more at ease with digital healthcare technologies.

For instance, in October 2021, the Digital Health Learning Program, launched by Canada Health Infoway (Infoway), is a package of resources meant to increase digital health awareness and healthcare treatment. Initially, the program provided resources on virtual care, health data access, security & privacy, and proactive health management.

E-learning, also known as electronic learning, refers to the process of learning and acquiring knowledge using electronic technology, mostly on the internet. It includes providing educational content, courses, and educational materials to distance learners using digital tools, resources, and platforms. E-learning has revolutionized education through online classes, virtual classrooms, webinars, training videos, interactive modules, and digital assessments. It allows easy access for students to learning content from anywhere with an internet connection and learn at their own pace.

The automotive industry relies on professionals to manage complex operations. However, the growing concerns about the lack of qualified professionals & experts with technical skills create problems for auto companies, especially in recruiting and retaining skilled workers. The automotive industry is growing rapidly with developments in areas such as electric vehicles, autonomous driving, connected vehicles, and technology. These advancements require employees with up-to-date knowledge and skills in fields such as mechanical engineering, electrical engineering, computer science, and data analysis.
 

E-learning Market Trends

E-learning is increasingly becoming popular in the growing educational markets including China and India. According to the India Brand Equity Foundation, the country’s higher education segment is expected to reach USD 35.03 billion by 2025. In Latin America, IP traffic was projected to grow threefold with a compound annual growth rate of 21% and internet traffic 2.6-fold from 2016 to 2021. This has encouraged students undertaking higher education to leverage the benefits of e-learning technologies. In March 2021, Mexico's Lower Chamber approved a bill that established a gradual transition toward free higher education until 2022.
 

The growth of the higher education sector coupled with the increasing internet penetration will support the e-learning market growth. Flexible course formats, multiple certification programs, and an easy learning curve compared to classroom courses are increasing the demand for e-learning. Higher education institutions are leveraging the benefits of LMS technology to offer high-quality education to students. Students pursuing higher education are increasingly transitioning toward e-learning platforms to enhance their job placement skills, foster academic growth, and easily pursue advanced courses.
 

E-learning Market Analysis

The content segment held over USD 200 billion e-learning market share in 2022. E-learning content providers share materials on various topics by collaborating with subject experts, who help them develop the learning content. They focus on offering specific & customized content as per end-user requirements. LMS platforms enable learners to easily access these online courses. Some prominent e-learning content providers include Udacity, Coursera, and LinkedIn Learning. These service & content providers are forming strategic partnerships to add value to the content and provide robust tracking capabilities that are easier to manage and scale. In December 2021, Skillsoft and Udemy Business entered into a partnership to empower technical skills & competency mastery. Under this alliance, Skillsoft merged Udemy’s content into its Percipio platform, optimizing the overall learning experience across the enterprise and allowing learners to acquire new skills & develop the existing ones more effectively.

The learning management system market is poised to observe around 18% CAGR during the forecast period. The increasing government initiatives for the digitization of educational infrastructure and the rising BYOD trend will fuel the demand for LMS over the estimated timeframe. LMS technology allows the delivery, management, planning, and evaluation of content for educational courses. This software-based program provides the necessary infrastructure, framework, and tools for online training. LMS enables educational institutions and corporate organizations to create & manage courses, lessons, and other training materials. It is majorly used in large companies for training employees at a rapid pace. Managing many activities, training modules, and assessments on different platforms can be complicated and time-consuming. The need for maintaining a wide range of platforms for a diverse workforce will fuel the demand for integrated LMS.

The e-learning market from corporate segment will expand at over 15% CAGR through 2032. The shortage of skilled labor has fueled the demand for e-learning courses in the corporate sector. According to the Mercer 2022 Global Talent Trends study, nearly 70% of companies face issues in terms of hiring the right talent at a suitable salary point. To address these issues, enterprises across India are emphasizing resetting the skills agenda to achieve both future & current talent needs. This shift in market dynamics will accelerate the need for LMS, mobile learning, and virtual classroom technology across the corporate sector for training employees at a rapid pace.

The Asia Pacific e-learning market dominated more than USD 60 billion revenue in 2022, due to the improving internet infrastructure Several government organizations in the region are focused on developing the internet infrastructure. The Asia Pacific Information Superhighway is an initiative to increase the affordability & availability of the internet across the region by strengthening the required infrastructure, thereby driving the adoption of mobile learning.

Strong internet connectivity facilitates the smooth streaming of videos by considerably reducing buffering time. There is an increasing awareness about education, which can be attributed to the government efforts targeted at improving literacy rates. The improving economic conditions in Asia Pacific will also contribute to the e-learning market growth. 'Developing Asia' refers to a group of 45 countries that are members of the Asian Development Bank. While the second and third waves of the COVID-19 outbreak posed uncertainties regarding economic growth, the region’s economic revival was supported by a healthy global recovery and progress on vaccines.

E-learning Market Share

The major companies operating in the e-learning market include

• Adobe Systems
• Apollo Education Group
• Articulate Global, Inc.
• Baidu Inc.
• Blackboard Inc.
• Cisco Systems, Inc.
• Citrix Systems
• Compunnel Software Group Inc.
• Coursera, Inc.
• D2L Corporation
• Docebo, Inc.
• edX Inc.
• Epicor Software Corporation
• FUTURELEARN Limited
• GitHub Inc.
• Google LLC
• IBM Corporation
• Infor, Inc.
• Khan Academy Inc
• Microsoft Corporation
• Oracle Corporation
• Pearson Saba Software
• SAP SE
• Udemy

E-learning Industry News:

• In May 2022, Google launched new training & education initiatives for National Small Business Week. This program helps businesses to acquire advanced digital marketing knowledge, as well as a new certificate course in digital marketing and e-commerce, designed to address key skill gaps.
   
• In May 2022, Anthology, a parent company of Blackboard, Inc., partnered with GoPeer to deliver more tutoring options to higher education institutions. The collaboration will allow Anthology customers to deploy GoPeer either through Blackboard Assist or a standalone offering.

This e-learning market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032, for the following segments:

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Market, By Technology

• Online e-learning
• LMS
• Mobile e-learning
• Rapid e-learning
• Virtual classroom
• Others

Market, By Provider

• Service
• Content

Market, By Application

• Corporate
  • SMBs
  • Large enterprises
• Academic
  • K-12
  • Higher education
  • Vocational training
• Government

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Singapore
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • GCC
  • South Africa