E-Learning Market – Growth Analysis, Industry Size, Market Opportunities and Future Estimations
Category: #business  By Rahul Varpe  Date: 2021-08-10
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E-Learning Market – Growth Analysis, Industry Size, Market Opportunities and Future Estimations

The e-learning market is expected to observe substantial growth by 2027, expanding at a sizable CAGR through the forecast period due to COVID-19. The pandemic has brought forth a rising dependence on virtual learning as the world adjusts to a new-normal, wherein COVID-induced lockdowns and social restrictions change the way most things are done across the world.

The advent of advanced technologies has increased the usage of digital devices that are easy-to-use for students at all levels, which is also likely to contribute to industry growth over the assessment timeframe.

In order to make learning more accessible in home settings during the ongoing pandemic, educational institutions have been organizing virtual classes and launching e-learning courses. This is likely to foster market outlook in the coming years, thereby propelling business expansion between 2021 and 2027.

Several educational institutions and companies have witnessed extensive e-learning adoption for various applications.

For instance, Singapore-based ProSpark recently rolled out a new solution, its B2B learning management system, to help upskill employees in enterprises. The edutech firm recently closed its seed investment round headed by AC Ventures.

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As a result, increasing market penetration for different industry players is emerging to be a strong boost facilitator for the industry through the forecast timeframe.

The e-learning market has been segmented based on technology, provider, application, and region. In the technological landscape, the market has been divided into online e-learning, mobile e-learning, LMS, rapid e-learning, and virtual classroom.

The virtual classroom sub-segment is expected to witness robust growth through the analysis period. Recent shift from traditional learning to virtual classrooms in the academic sector is projected to drive segmental market growth by 2027.

Based on provider, the service sub-segment is estimated to experience sizable expansion over the forecast timeframe.

Higher integration of AR/VR in e-learning solutions is anticipated to boost revenue for service providers in the e-learning market in the future. Subsequently, increasing technological adoption across the sector is set to be favorable for segmental growth.

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In terms of application, the higher education academic sub-segment is estimated to grow at a notable CAGR through the forecast period. Increasing government initiatives to promote higher education for all students are speculated to boost segmental growth in the coming years.

From the regional perspective, the Latin America market is estimated to witness significant growth at a steady CAGR through the forecast period.

The impact of the COVID-19 outbreak has encouraged several schools and universities in Latin America to adopt e-learning solutions for continuing education of students, which is projected to foster regional industry expansion in the following years.

Moreover, the Middle East & Africa e-learning market is also estimated to see stable growth through the analysis period fueled by higher e-learning adoption across leading countries in the region.

Recently, Saudi Arabia's pioneering distance education and e-learning initiatives during the COVID-19 pandemic have been lauded by international education experts. Experts have praised the Ministry of Education's virtual learning portal Madrasati to promote online education in the country.

Fengchun Miao, Chief of Technology and AI in Education Unit, UNESCO, has been reported saying that Saudi Arabia is one of the few nations that have developed and executed quality standards to facilitate effective and quality e-learning.

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Scope & definitions
  • 1.2 Methodology & forecast parameters
  • 1.3 COVID-19 impact
    • 1.3.1 North America
    • 1.3.2 Europe
    • 1.3.3 Asia Pacific
    • 1.3.4 Latin America
    • 1.3.5 MEA
  • 1.4 Data sources
    • 1.4.1 Secondary
    • 1.4.2 Primary

Chapter 2 Executive Summary

  • 2.1 E-learning industry 360 degree synopsis, 2017 - 2027
    • 2.1.1 Business trends
    • 2.1.2 Regional trends
    • 2.1.3 Technology trends
    • 2.1.4 Providers trends
    • 2.1.5 Application trends

Chapter 3 E-Learning Industry Insights

  • 3.1 Industry segmentation
  • 3.2 Impact of coronavirus (COVID-19) pandemic
    • 3.2.1 Global outlook
    • 3.2.2 Regional outlook
      • 3.2.2.1 North America
      • 3.2.2.2 Europe
      • 3.2.2.3 Asia Pacific
      • 3.2.2.4 Latin America
      • 3.2.2.5 MEA
    • 3.2.3 Industry value chain
      • 3.2.3.1 E-learning software developers
      • 3.2.3.2 E-learning solution providers
      • 3.2.3.3 Cloud service providers
      • 3.2.3.4 End-users
    • 3.2.4 Competitive landscape
      • 3.2.4.1 Strategy
      • 3.2.4.2 Distribution network
      • 3.2.4.3 Business growth
  • 3.3 Industry ecosystem analysis
    • 3.3.1 Hardware providers
    • 3.3.2 Software developers
    • 3.3.3 Cloud service providers
    • 3.3.4 Solution providers
    • 3.3.5 Content providers
    • 3.3.6 Service providers
    • 3.3.7 Distribution network
    • 3.3.8 Vendor matrix
  • 3.4 Technological & innovation landscape
    • 3.4.1 Evolution of e-learning
    • 3.4.2 Augmented Reality (AR) and Virtual Reality (VR) technology
    • 3.4.3 Artificial Intelligence (AI) and Machine learning (ML)
    • 3.4.4 Online e-learning
      • 3.4.4.1 Customer buying behaviour
      • 3.4.4.2 Materials available online
        • 3.4.4.2.1 Open Educational Resources (OER)
        • 3.4.4.2.2 Mobile learning and gamification
        • 3.4.4.2.3 Massive Open Online Course (MOOC)
        • 3.4.4.2.4 Cloud vs on-premises LMS
  • 3.5 Regulatory landscape
    • 3.5.1 North America
    • 3.5.2 Europe
    • 3.5.3 Asia Pacific
    • 3.5.4 Latin America
    • 3.5.5 MEA
  • 3.6 Industry impact forces
    • 3.6.1 Growth drivers
      • 3.6.1.1 North America & Europe
        • 3.6.1.1.1 Increasing demand from the healthcare sector
        • 3.6.1.1.2 Rise in content digitization
        • 3.6.1.1.3 LMS switching to cloud-based systems
      • 3.6.1.2 Asia Pacific & Latin America
        • 3.6.1.2.1 Growth in higher education sectors
        • 3.6.1.2.2 Corporates upgrading their training programs
        • 3.6.1.2.3 Growing demand for online English courses
      • 3.6.1.3 Middle East & Africa (MEA)
        • 3.6.1.3.1 Rise in government programs and initiatives
        • 3.6.1.3.2 Rising penetration of internet and mobile learning
    • 3.6.2 Industry pitfalls & challenges
      • 3.6.2.1 Lack of peer to peer interaction
      • 3.6.2.2 Slow internet connection and poor network
      • 3.6.2.3 Adaptability issues
  • 3.7 Growth potential analysis
  • 3.8 Porter's analysis
    • 3.8.1 Supplier power
    • 3.8.2 Buyer power
    • 3.8.3 Threat of new entrants
    • 3.8.4 Threat of substitutes
    • 3.8.5 Internal rivalry
  • 3.9 PESTEL analysis
    • 3.9.1 Political
    • 3.9.2 Economical
    • 3.9.3 Social
    • 3.9.4 Technological
    • 3.9.5 Environmental
    • 3.9.6 Legal
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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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