e learning market

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

  • Published Date: Feb 2022
  • Pages: 114
  • Format: PDF
  • Report ID: PM2295
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global E-learning market was valued at USD 214.26 billion in 2021 and is expected to grow at a CAGR of 20.5% during the forecast period. Increasing adoption of e-learning software to manage learning content, a necessity in the engaging and interactive learning environment, enterprises emphasizing more on human capital development, and growing interest of young population towards online e-learning modules. AI and machine learning have grown tremendously in e-learning services since it enables customized content depending on each student's requirement.

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The recent outbreak of the COVID-19 pandemic at the global level has tremendously boosted the industry growth due to the restriction of visits to educational institutes to manage the COVID-19 widespread is a critical concern. While at the same time, online and e-learning solutions play a commendable role in countering the spread of novel coronavirus. Thus, the pandemic has led to the commercialization of e-learning is expected to drive the E-learning market growth on a large scale.

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Industry Dynamics

Growth Drivers
Adoption of online learning solutions and platforms and explicitly deployed throughout the educational institution region to ascertain the strength of advanced learning methodologies; therefore, contributing significantly to the growth of the e-learning market. Furthermore, the surging focus on childhood education and the growing public-private funding on K-12 education are further driving the industry growth during the foreseen period.

For instance, in June 2018, VIPKID, an education firm, has granted USD 500 million funding for children's language learning and provided an educational experience to students aged between 4-12 years. Similarly, in 2020, Google partnered with the Central Board of Secondary Education (CBSE) to digitalize its classrooms all across India. With the growing funding, several education institutes are improving their course delivery to their students.

In addition, rising government initiatives on smart education and learning will further create a high growth prospect for industry growth across the globe. Furthermore, IoT devices have operated to perform e-learning and education and the interchange of information simple, exciting, and interactive, thereby gaining wide acceptance in the industry, which in turn is expected to accelerate the E-learning market growth worldwide.

Report Segmentation

The market is primarily segmented on the basis of provider, deployment model, course, end-user, and region.

By Provider

By Deployment Model

By Course

By End-User

By Region

  • Content Provider
  • Service Provider
  • On-premise
  • Cloud
  • Primary and Secondary Education
  • Higher Education
  • Online Certification and Professional Course
  • Test Preparation
  • Academic
  • Corporate
  • Government
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Insight by Deployment Model

Based on the deployment model, the cloud segment is leading the industry globally and is expected to register the fastest CAGR over the foreseen period. Cloud-based solutions are gaining remarkable traction in schools and universities due to their cost-effective and flexible training approaches for students.

The amalgamation of cloud technology in digital learning allows students to access information at any time and place. The cloud computing-based e-learning technology further enables educational institutions to build a virtual environment for learners and educators. Thus, cloud technology is majorly implemented in the education sector, which is expected to contribute towards high segmental growth.

Insight by Course

The primary and secondary education segment is projected to gain a larger share in the global industry; due to the increased utilization of digital learning methods in primary schools, especially in the wake of the COVID scenario, along with the significant presence of online K-12 education providers across the world. Further, digital tools, such as smartphones, have become an exciting learning tool used to improve education quality and e-learning in distance education.

Also, the use of digital mediums ensures greater flexibility in course delivery, making it feasible for learners to access online learning platforms and retrieve course resources. Thus, the emergence of a digital learning solution for primary and secondary education to engage online training courses, which in turn expands the industry growth during the forecast timeframe.

The higher education segment is projected to witness a significant growth stake in the overall industry due to the rise in adoption of advanced learning methodologies that can be effective to the education sector, on account of its various benefits, such as offering low cost of education specialized course learning. According to IBM statistics, e-learning can raise productivity by about 50% by utilizing online learning software. Therefore, these factors are anticipated to promote market growth across the globe.

Geographic Overview

Geographically, Asia-Pacific is accounted for the largest revenue share in the global E-learning market in 2021 and is likely to dominate the market over the upcoming scenario. This is due to government initiatives to promote the digital infrastructure and the growing demand for e-learning and distance education. For instance, in November 2018, the Ministry of Education (MoE) of the People's Republic of China released an announcement concerning legalizing the off-campus education industry, specifically online education.

The policy indicates that online education is developing to a noticeable extent. Further, the rapid rise in the number of smart device users and the large presence of online K-12 education providers are directly impacting the higher market growth in emerging Asian countries, such as China, India, Malaysia, and others. Asia-Pacific market accounts for a significant stake in the global market over the foreseen period, owing to the growing number of public-private funding on K-12 education. For instance, in July 2020, the Indian department of school education and literacy provisioned around $7.52 billion (INR 558.4 billion) for Information & Communication Technology (ICT facilities).

Europe also witnessed remarkable growth in the global market due to the high presence of the education system in Europe that paved the way for the e-learning market. Further, the European government funds and private companies on educational and vocational programs can insist citizens benefit from opportunities that emerged in online education. Thus, the market will grow at an unprecedented rate throughout the forecast period.

Competitive Insight

Some of the major players operating in the global market include Adobe, Inc., Apollo Education Group, Inc., Aptara Inc., Articulate Global, LLC, Baidu Inc, Blackboard Inc., CERTPOINT, Cisco Systems, Inc., Citrix Systems, Inc., D2L Corporation, Google LLC, Microsoft Corporation, Oracle Corporation, and SAP SE.

E-learning Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 214.26 billion

Revenue forecast in 2030

USD 1,124.79 billion

CAGR

20.5% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million and CAGR from 2022 to 2030

Segments covered

By Provider, By Deployment Model, By Course, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key Companies

Adobe, Inc., Apollo Education Group, Inc., Aptara Inc., Articulate Global, LLC, Baidu Inc, Blackboard Inc., CERTPOINT, Cisco Systems, Inc., Citrix Systems, Inc., D2L Corporation, Google LLC, Microsoft Corporation, Oracle Corporation, and SAP SE.

Key Take-Away
Polaris Market Research
E-learning Market Size Global Report, 2022 - 2030