E-Learning Market is Estimated to Reach $398.3 Billion By 2026, Says Accurize Market Research
Global E-Learning Market Report, published by Accurize Market Research, forecast that the global market is expected to reach $398.3 Billion by 2026, growing at a CAGR of 9.6% from 2019 to 2026. North America dominated the global e-learning market accounting for the major market share in 2018, and anticipated to hold the major market share till 2026. Asia-Pacific is anticipated to attain the fastest CAGR during 2019 – 2026.
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Market Introduction and Market Dynamics
E-Learning is a type of teaching in which individuals have flexibility to attend classes online has as well as in the classroom. High penetration of smartphones and tablets has increased the popularity of e-learning in the developed regions. Easy accessibility and flexibility in learning are the various factors supplementing the market growth. Increased effectiveness by animated has also supported the growth of the market. However, change management, and technology obsolescence are major restraints which may limit the market growth. Furthermore, escalation in number of internet users and growing access of broadband pooled with mobile phones with online capabilities is expected to open attractive business opportunities for the market in the future years.
Market Segmentation and Crisp Analysis
The global E-Learning Market has been segmented into technology and end user. The technology type segment covers online e-learning, learning management system, mobile e-learning, virtual classroom, and others. The end user segment includes academic, corporate, and government. The academic segment is further divided into K-12, higher education, and vocational training. SMB’s and large enterprises are the further classifications of corporate segment. By end user, corporate sector dominated the market in 2018, and anticipated to grow moderately in the coming five to six years. The online-e-learning segment and learning management system segment together accounted for more than 30% of the global market share in 2018.
Regional Segmentation and Crisp Analysis
The global E-Learning Market has been segmented by geography into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America covers the U.S., and Canada, while Europe covers UK, Germany, France, Italy, and Rest of Europe. China, Japan, India, Australia, Korea, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa. Among various geographical regions, North America dominated the global e-learning market accounting for the largest market share of more than 40% in 2018, and projected to continue its dominance during the forecast period 2019 – 2026. The growth is majorly attributed to learning process enhancements in the academic sector and the rise in cost-effective content development in countries such as the U.S. In terms of growth, Asia-Pacific is projected to attain the fastest growth rate during the forecast period 2019-2026.
Manufacturers Competitive Analysis
The top players operating in the market are frequently using innovating technologies to make the learning process simple and convenient. Service providers are also investing on R&D, for latest updates on e-learning tools and techniques. Further, increased government push toward online courses and education platform is providing great opportunities to the market players. Top players in the global e-learning market are Adobe Systems, Inc., Aptara, Inc., Citrix Education, Cornerstone, Meridian Knowledge Solutions, NetDimensions., Microsoft Corporation, SAP SE, Oracle Corporation, Learning Pool, Cisco Systems, Inc., Apollo Education Group, Allen Interactions, Inc. and CERTPOINT Systems, Inc., among others.
Scope of the Report
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is very important for the manufacturers. Manufacturers’ data, including: revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide better understanding of the market competition.
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