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, 2021 – 2027

Industry Trends

E-Learning Market size surpassed USD 250 billion in 2020 and is anticipated to grow at an exponential CAGR of over 21% between 2021 and 2027. The advent of several new technologies, such as AI, VR, and cloud based LMS, will drive the market growth. The emergence of an AI-enabled e-learning solution will help in the development of smart content, digitized study guides, and real-time questioning.
 

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E-learning platforms have been witnessing an exponential uptake by the education and corporate sectors over the past three to five years. For instance, according to EdSurge Inc., investments in the U.S. education technology sector reached USD 1.6 billion in 2019. Schools and businesses are adopting online learning tools for improving the engagement and learning experience of students & employees. Service providers are utilizing this opportunity and expanding their EdTech products & services.

The COVID-19 pandemic has further transformed the e-learning market with the closure of schools and universities globally. According to UNESCO, in March 2020, over 1.2 billion students in 186 countries were affected by school closures due to the pandemic. Countries that are worst hit by the coronavirus pandemic have seen unprecedented growth in distance learning enrollments. For instance, in April 2020, around 5.4 million students in South Korea started learning lessons that were live-streamed on platforms, such as Google Classroom and Zoom from home, as the country strives to tackle the COVID-19 pandemic.
 

Growing demand for cost-effective and flexible e-learning solutions to increase the adoption of cloud-based LMS

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The Germany e-learning market size is expected to witness growth of around 20% through 2027. A wide range of universities in Germany including WINGS Professional Studies, The Technical University of Kaiserslautern, The Carl von Ossietzky University of Oldenburg, FernUniversität in Hagen, and Leuphana University Lüneburg offer international degree programs online. These universities provide distance learning based on a blended-learning approach that comprises multimedia, printed, and online study materials.
 

The cloud-based LMS technology is gaining traction in universities due to its cost-effective and flexible training methods for students. The integration of cloud technology in LMS allows students to access information at any time and place. The cloud computing-based LMS technology enables universities to build a virtual environment both for educators and learners. The technology also offers enhanced data security to universities with automatic upgrades & updates, fast deployment capabilities, and better encryption for online transactions.
 

Growing demand for interactive learning experience is encouraging service providers to integrate advanced technologies

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In the U.S. e-learning market, the service providers segment will expand at 17% CAGR during the forecast timespan. The availability of high-speed internet and the advent of the 5G network in the U.S. are providing lucrative opportunities for market players to adopt innovative technologies. In April 20201, Verizon Communications Inc. announced to launch 5G internet for businesses across 21 cities in the U.S market. This will enable service providers to improve learning through the incorporation of AR & VR technologies that require a high-speed internet connection for effective operation.
 

Immersive technologies are enhancing communication, collaboration, and building stronger engagements with students & employees. Such benefits have encouraged service providers to focus on implementing these services and help universities & businesses in improving the learning experience.
 

Expansion of the UAE education sector and the introduction of government initiatives to continue education during COVID-19

The UAE education sector is evolving at a rapid pace with education being the top government priority in the country. The UAE Vision 2021 emphasizes the development of a first-rate education system and focuses on a rapid expansion of the sector. The government allocated USD 2.8 billion to public higher education and university programs, representing around 15% of its 2020 federal budget.
 

Schools and businesses are adopting e-learning solutions to attract students and remain competitive in the market. The ongoing COVID-19 crisis has also forced a large number of schools and businesses in the UAE to shut down. It has created a demand for developing a more resilient and flexible training & education system in the country. In March 2020, the UAE government launched the 'Learning from Afar' initiative to enable students from grades 5 - 12 in Abu Dhabi to continue their learning & education in a safe environment.
 

Presence of prestigious universities coupled with strong network infrastructure is fueling the North American EdTech market expansion

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In 2020, North America e-learning market accounted for over 35% revenue share, owing to the presence of top universities and availability of highly sophisticated internet infrastructure. Leading universities including Harvard University, Columbia University, Yale University,
 

The New School, and Montana State University are witnessing a massive number of online enrollments from students across various countries. For instance, Indian students are the second-largest users of online courses provided by Harvard-MIT Health Sciences and Technology (HST). This has encouraged the universities to provide students with online learning courses in various categories. A stable internet infrastructure with the 5G network expansion has also resulted in increased adoption of online learning technology in the region.
 

Strategic alliances between leading market players and other prominent players

Key players operating in the market include Cisco Systems, Inc., Aptara, Inc., Skills2Learn Ltd., City & Guilds Group, Citrix Education Inc., Apollo Education Group, CERTPOINT Systems Inc., D2L Corporation, Articulate Global, Inc., Cornerstone OnDemand, Inc., Allen Interactions Inc., Learning Pool, Microsoft Corporation, SAP SE, Adobe Systems Inc., Saba Software, Oracle Corporation, Kallidus Ltd., and Intuition Publishing.
 

High competition in the industry is forcing emerging players to introduce innovative services for strengthening their position and increasing market share. For instance, in April 2020, OpenLearning Limited partnered with Alibaba, a leading e-commerce giant in China, to expand its online learning services in the Chinese education market. The partnership aims to ensure that students in China can access online courses in a compliant manner.
 

The e-learning market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027, for the following segments:
 

Market, By Technology

• Online e-learning
• 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 is provided on a regional and country basis for the following:

• 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
  • Chile
  • Colombia
• MEA
  • GCC
  • South Africa