Global E-learning Market Size and Share Projected to Reach USD 1,124.79 Billion by 2030
The global E-learning market size is expected to reach USD 1,124.79 billion by 2030 according to a new study by Polaris Market Research. The report “E-learning Market Share, Size, Trends, Industry Analysis Report, By Provider (Content Provider, Service Provider), By Deployment Model (On-premise, Cloud), By Course, By End-User (Academic, Corporate, Government); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rise in remote learning during the pandemic and demand for low-cost, convenient learning systems will positively influence the industry’s growth. In addition, the surge in the use of AI and machine learning in e-learning systems boosts the industry’s growth across the globe. This impacted the growth of these platforms as educational institutes accepted online learning mediums to provide education and training for individuals during the COVID-19 enforced lockdowns. Furthermore, the government’s increasing number of initiatives for the proliferation of digital learning methodologies are further bolstering the industry demand across the globe.
By deployment model, the cloud segment is projected to garner a significant share during the forecast period on account of the rise in acceptance of cloud-based services and augmented interest in this technology. In addition, it offers improved maintenance of learning solutions and a continuous system that enables the implementation of online learning. Whereas, the cloud application segment is also showing a considerable growth rate in the near future, owing to the increasing proliferation of smart learning solutions and rising acceptance by education institutes worldwide.
The growth of smart devices is driving the industry growth as this industry has changed the way education is done across the globe. Mobile devices for smart learning are rising due to their portability and convenience concerning access to content and social interactions. Thus, the rise in the number of smartphone users is creating a positive outlook for industry growth worldwide.
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Further, with the exponential increase in ubiquity and computing capacity, smartphones provide endless possibilities for higher education, enhancement of student understanding, and extension of learning in recent days beyond the classroom. Thus, this factor is expected to contribute to industry growth in the near future.
Top Market Players
Market participants such as Aptara Inc., Apollo Education Group, Inc., Articulate Global, LLC, Baidu Inc, CERTPOINT, Blackboard Inc., Cisco Systems, Inc., D2L Corporation, Citrix Systems, Inc., Google LLC, Oracle Corporation, Microsoft Corporation, and SAP SE. are some of the key players operating in the global industry.
The frequent tactical movements such as mergers & acquisitions, product developments & launches, and others by the prominent industry players support global market development. For instance, In December 2021, Delhi Police has introduced an online learning platform, ‘Unnati,’ at the All-India Council for Technical Education (AICTE) Auditorium under the flagship scheme of ‘YUVA’ to support school dropouts and weaker sections of the society to acquire practical skills.
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Polaris Market Research has segmented the E-learning market report on the basis of provider, deployment model, course, end-use, and region:
E-learning, Provider Outlook (Revenue – USD Billion, 2018 – 2030)
- Content Provider
- Service Provider
E-learning, Deployment Model Outlook (Revenue – USD Billion, 2018 – 2030)
E-learning, Course Outlook (Revenue – USD Billion, 2018 – 2030)
- Primary and Secondary Education
- Higher Education
- Online Certification and Professional Course
- Test Preparation
E-learning, End-User Outlook (Revenue – USD Billion, 2018 – 2030)