E-Learning Market Size By Technology (Online E-Learning, Learning Management System (LMS), Mobile E-Learning, Rapid E-Learning, Virtual Classroom), By Provider (Service, Content), By Application (Academic [K-12, Higher Education, Vocational Training], Corporate [SMBs, Large Enterprises], Government), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028

Industry Trends

E-Learning Market size surpassed USD 315 billion in 2021 and is projected to observe 20% CAGR from 2022 to 2028.
 

The rising internet penetration across the globe will drive the industry growth. The expanding telecom & broadband sector has increased the accessibility to economical internet connectivity plans. According to the International Telecommunication Union (ITU) in 2021, nearly 4.9 billion individuals used the internet globally compared to 4.1 billion in 2019.With the increasing number of internet users, more people will be able to access e-learning platforms for learning courses or completing degrees.
 

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The COVID-19 pandemic had a positive impact on the e-learning industry revenue. The growing employee safety concerns have encouraged corporates to implement work-from-home practices to continue daily operational activities. This has created barriers for companies in terms of training, communication, monitoring progress, and upskilling, supporting the demand for e-learning platforms among large enterprises and SMEs. To cater to the growing demand, several companies are focusing on developing customized learning solutions. For instance, in April 2021, LinkedIn Corporation announced its plans for an online portal designed for enterprises to provide their staff with training videos & materials on subjects such as management strategy and machine learning.
 

Growing adoption of LMS technology in Germany

The German LMS e-learning market will witness growth rate of about 22% through 2028 led by increasing technology utilization in the education sector. The interactive user interface of the software that enables users to manage & organize the content has propelled its deployment in the country. For instance, in February 2021, the Berlin Senate Department for Education signed an agreement with its learning to provide LMS platforms to schools in Berlin. In the first phase, the software was made available to around 50,000 users and expanded to 400,000 teachers & students. The contract comprises the Big Blue Button video conferencing tool, user licenses, training, integrations, and project management.
 

High investment on R&D by service providers for the academic and corporate end-users

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The India service providers sector is set to register around 30% gains during 2022 to 2028 driven by growing focus of companies on increasing their portfolios. The sudden outbreak of coronavirus, which resulted in the closure of schools & colleges, has accelerated the requirement for alternative online solutions to continue classroom sessions. This factor has encouraged companies to increase their R&D investments for launching innovative solutions to cater to the rising demand.
 

Resource scalability and better access to courses for higher education

The education sector is evolving globally, creating growth opportunities for the e-learning market. Several education institutes, such as the University of Cape Town & Rhodes University, are transitioning to an online higher education curriculum to support students in completing their degrees. E-learning platforms for higher education have helped overseas students in completing their education from home, saving time and money. In addition, it offers flexible learning options, a dynamic learning process, and seamlessly tracking of progress.
 

The growing focus of government authorities on enhancing telecom & IT infrastructures in North America

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The North America e-learning market size valued at USD 120 billion in 2021 and will grow steadily through 2028 due to increasing investments in the IT infrastructure. For instance, in November 2021, the U.S. government passed the Bipartisan Infrastructure Law, an Infrastructure Investment & Jobs Act. Under this act, authorities have allocated nearly USD 65 billion to ensure that the American population has access to reliable high-speed internet. The robust cloud computing industry attributed to the presence of players, such as Microsoft Corporation, Amazon Web Services, and IBM Corporation, will boost the cloud-based e-learning demand.
 

Focus on increasing the content offering forms a key strategy amongst industry players

Key e-learning market participants include FUTURELEARN Limited, Adobe Systems Inc., Apollo Education Group, Inc., Articulate Global, Inc., Baidu Inc., Blackboard Inc., Cisco Systems, Inc., Citrix Systems, Inc., Compunnel Software Group Inc., Coursera, Inc., D2L Corporation, Docebo, Inc, edX Inc, Epicor Software Corporation, and GitHub Inc. Companies are focusing on expanding their portfolios with courses suitable for students from different industries.
 

This market research report on e-learning includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2028 for the following segments:

Market, By Technology

• Online e-learning
• Learning Management System (LMS)
• Mobile e-learning
• Rapid e-learning
• Virtual classroom
• Others

Market, By Provider

• Service
• Content

Market, By Application

• Academic
  • K-12
  • Higher education
  • Vocational training
• Corporate
  • SMBs
  • Large enterprises
• 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
  • UAE
  • Saudi Arabia
  • South Africa