E-Learning market size was valued at USD 216.70 billion in 2022 and is poised to grow from USD 256.14 billion in 2023 to USD 975.92 billion by 2031, at a CAGR of 18.20% during the forecast period (2024-2031).
Lately the e-learning market has experience exponential growth and changes, which have significantly evolved the way people access education and obtain new skills. The market is constantly expanding with immense development in technology, changing learner preferences, and high demand for flexible learning options. E-learning fulfils the changing needs of learners. This is being done with innovative technologies like personalized learning powered by AI, micro learning, and mobile learning. These advanced applications of technologies are developing new standards for the corporate learning and trainings apart from students. Nowadays, businesses are becoming more globalized, increasing the adoption of remote work and telecommunication. Internet of Things have also played a vital role in developing smart and connection education system. Smart classrooms are transforming educational system in private and government institutions. IoT is evolving education by offering various benefits like concrete learning, trackable performance, efficient management, and interactive sessions. IoT integrated with AI offers better energy usage and fast streaming of content. These developments in IoT are boosting the growth of the e-learning market.
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Top Player’s Company Profiles in E-Learning Market
- Coursera (US)
- Udemy (US)
- LinkedIn Learning (US)
- Skillshare (US)
- Pluralsight (US)
- Cornerstone OnDemand (US)
- Adobe Captivate Prime (US)
- Docebo (Canada)
- Absorb LMS (Canada)
- D2L Brightspace (Canada)
- OpenSesame (US)
- edX (US)
- Blackboard (US)
- Moodle (Australia)
- TalentLMS (US)
- Schoology (US)
- Articulate 360 (US)
- iSpring Suite (US)
- Litmos by SAP (US)
- Teachable (US)
Integration of Machine Learning and Artificial Learning in E-Learning to Achieve Tailored Content Supports Market Expansion
Advanced technologies like artificial intelligence and machine learning have become a crucial part of the e-learning procedure. These innovative technologies allow personalized learning by analyzing learner data and recognizing knowledge gap. It can also suggest tailored content for the learner so that it becomes easier for them to understand the study material. Organizations are also using AI-powered virtual assistance and chatbots to offer instant support and feedback, which improves the learning experience. Furthermore, AI is continuously advancing, more innovative and adaptive learning systems are being developed to fulfil the unique demands of individual learners. The online platform Courser a introduced a new AI-powered function that will assist educators with planning lessons and offer personalized feedback to students.
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Segments covered
- Provider
- Content Provider, Service Provider
- Type
- Self-paced E-learning, Instructor-led E-learning
- Courses
- Primary and Secondary Education, Higher Education, Online Certification and Professional Course, Test Preparation
- Deployment Model
- On-premise, Cloud
- Technology
- Online E-learning, LMS, Mobile E-learning, Rapid E-learning, Virtual Classroom, Others
- End User
- Academic (K-12, Higher Education, Vocational Training), Corporate (SMBs, And Large Enterprises), and Government
Rising Combination of K-12 and E-Learning for Increasing Demand of Quality Education to Boost Market Growth
The combination of global K-12 and E-learning is providing lucrative opportunities for the e-learning market due to the increasing demand for better education and easy access to internet. These have the potential to bridge the gap between conventional and modern teaching processes. The combination of K12 and e-learning market will also grow due to the increasing use of blended learning models in educational institutes. Many government bodies are also taking initiatives and investing in e-learning to promote digital education. The growing popularity of advanced learning solutions like gamification, mobile learning, immersive learning, and learning management systems is boosting the market growth. Companies are investing in educational technologies driving the e-learning industry. The high usage of mobile devices for learning is also increasing, supporting the expansion of the market. The rising need for personalized learning and demand for cloud-based learning solutions are augmenting the development of e-learning.
- In July 2024, Samsung gulf electronics collaborated with e& UAE to develop Samsung smart schools in the UAE. This initiation was introduced at the strategic workshop known as transforming education.
- In May 2024, Open English went into a strategic collaboration with dLocal. The objective of the collaboration was to make education more available by streamlining the payment procedures.
- In June 2024, CD2 Learning went into a strategic collaboration. This collaboration is the outcome of a similar vision to make learning available, user friendly, and efficient for every learner.
- In May 2022, Google introduces a new training and education initiative for National Small Business Week. It will help businesses to get advanced digital marketing knowledge.
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Increasing Technological Advancement and Changing Learner Preference to Drive E-Learning Market Growth
With the help of technological advancement and transforming learner choices the e-learning market is growing rapidly. Trends like integration of AI and ML microlearning, immersive learning, gamification, data analytics, and adaptive learning will develop the future of e-learning. In recent times, it has become important that educators, content providers, and businesses adopt these trends due to rapid technological advancement. They must fully utilize the potential of e-learning to offer engaging, personalized, and accessible education to learners.
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