The market for e-learning is expected to grow at a CAGR of around 15.9% from 2020 to 2027 and expected to reach the market value of around US$ 660.8 Bn by 2027.

A learning system based on formalized teaching but with the help of electronic devices like computer, tablets, and mobile phones is known as e-learning or electronic learning.

Market Dynamics

The rising demand for cost-effective training and learning techniques in corporate and academic sectors is driving the market growth. The growing volume of the course content makes it creating difficulties for these sectors to manage and store such a large amount of data in their stores or libraries, this is where the electronic method of content delivery enables them to store and manage their huge information in online websites or applications. Additionally, the increasing adoption of the cloud-based platforms in the eLearning market along with the rising awareness among the developing economies is providing flexibility in content storage, accessibility, and processing is additionally boosting the market value. The key advantages associated with the cloud learning platform are remote access, security, data backup, and cost-effectiveness; these are further bolstering the market value.

On the other hand, lack of peer to peer interaction, slow internet connection and poor network in some economies, and adaptability issues are the factors likely to limit the growth over the forecast period from 2020 to 2027.

Covid-19 Impact on the eLearning market

This pandemic has badly affected almost every industry vertical across the globe especially in financial year 2020. However, this covid-19 pandemic has given a boost to the e-learning market as most of the students need to skip the physical learning infrastructure and adapted the electronic platform for their learning’s which has given a boost to the market. Apart from this, professionals have also enrolled in the e-learning platform during this period as a part of their skill development and spare time utilization. The pandemic is also anticipated to create potential opportunities over the forecast period from 2020 to 2027. Most of the developing countries have uplifted their IT infrastructure in order to increase connectivity across the country as well as to promote contactless payment in the pandemic period to avoid one to one interaction.

Segment Instance of Global E-learning Market

Mobile e-learning segment is projected to exhibit fastest growth during the forecast period from 2020 to 2027

On the basis of technology, the mobile e-learning segment is anticipated to exhibit the fastest growth with a major CAGR (%) during the forecast period from 2020 to 2027. The increasing number of mobile phone users along with the suitable data pack connection is proliferating the segmental market value.

North America accounted for the maximum revenue share E-learning Market

In 2019, North America dominated the e-learning market in terms of revenue (US$ Mn), and the region is also projected to maintain its dominance throughout the forecast period from 2020 to 2027. The major economies like the US and Canada are the major revenue contributor in the regional market. The strong presence of electronic devices in the region that can support the e-learning platform is primarily driving the market value.

Asia Pacific is projected to exhibit fastest growth during the forecast period from 2020 to 2027

Asia Pacific along with its major developing economies including China and India is projected to experience the fastest growth in the near estimated period. The rapidly developing telecommunication industry is supporting the growth of e-learning as it eases the connectivity among the countries and international market. The increasing disposable income is boosting the number of mobile phone users as well as data pack recharges; it’s another major factor supporting the growth of e-learning in the regional market.

Key Market Players

The players profiled in the report include Adobe Systems, Inc., Allen Interactions, Inc., Apollo Education Group, Aptara, Inc., CERTPOINT Systems, Inc., Cisco Systems, Inc., Citrix Education, Cornerstone, Learning Pool, Meridian Knowledge Solutions, Microsoft Corporation, NetDimensions, Oracle Corporation, and SAP SE among others.

Market Segmentation

Market By Technology

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

Market By Deployment Mode

Cloud
On-premise

Market By Provider

Services
Content

Market By Geography

North America
•    U.S.
•    Canada

Europe
•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

Asia-Pacific
•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa

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