E-Learning Market : Top Manufacturers, Industry Size, Regional Analysis, Types and Applications and Forecasts

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.

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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.

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.

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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.

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.

Report content

Chapter 1    Methodology and Scope

1.1    Definition and forecast parameters

1.1.1    Definitions

1.1.2    Methodology and forecast parameters

1.2    Data Sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2    Executive Summary

2.1    E-learning industry 3600 synopsis, 2015 - 2026

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Technology trends

2.1.4    Provider trends

2.1.5    Application trends

Chapter 3    E-Learning Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2015 - 2026

3.3    Impact of coronavirus (COVID-19) pandemic

3.3.1    Global outlook

3.3.2    Regional outlook

3.3.2.1    North America

3.3.2.2    Europe

3.3.2.3    Asia Pacific

3.3.2.4    Latin America

3.3.2.5    MEA

3.3.3    Industry value chain

3.3.4    Competitive landscape

3.4    Industry ecosystem analysis

3.4.1    Evolution of e-learning

3.4.2    Vendor matrix

3.5    Technology & innovation landscape

3.5.1    Augmented Reality (AR) and Virtual Reality (VR) technology

3.5.2    Artificial Intelligence (AI) and Machine learning (ML)

3.5.3    Online e-learning

3.5.3.1    Customer buying behavior

3.5.3.2    Materials available online

3.5.3.2.1    Open Educational Resources (OER)

3.5.3.2.2    Mobile learning and gamification

3.5.3.2.3    Massive Open Online Course (MOOC)

3.5.3.2.4    Cloud vs on-premise LMS

3.6    Regulatory landscape

3.6.1    Organization for Economic Co-operation and Development (OECD)

3.6.2    North America

3.6.2.1    American Council on Education (ACE)

3.6.2.2    Higher Education Act

3.6.2.3    National Council for State Authorization Reciprocity Agreements (NC-SARA)

3.6.2.4    U.S Department of Education (ED)

3.6.2.5    Advanced Distributed Learning (ADL) Initiative

3.6.2.6    Online Learning Consortium (OLC)

3.6.3    Europe

3.6.3.1    Higher Education Funding Council for England (HEFCE)

3.6.3.2    General Data Protection Regulation (GDPR)

3.6.4    Asia Pacific

3.6.4.1    University Grants Commission (UGC) Act

3.6.4.2    Ministry of Education of China (MOE)

3.6.4.3    Private Education Promotion Law of the People’s Republic China (PRC)

3.6.4.4    Chinese Ministry of Industry and Information Technology (MIIT)

3.6.5    Latin America

3.6.5.1    Ministry of Education, Brazil (MEC)

3.6.5.2    New Mexico Higher Education Department (NMHED)

3.6.6    MEA

3.6.6.1    Department of Higher Education and Training South Africa (DHET)

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1.1    North America & Europe

3.7.1.1.1    Increasing demand from the healthcare sector

3.7.1.1.2    Rise in content digitization

3.7.1.1.3    LMS switching to cloud-based systems

3.7.1.2    Asia Pacific & Latin America

3.7.1.2.1    Growth in higher education sectors

3.7.1.2.2    Corporates upgrading their training programs

3.7.1.2.3    Growing demand for online English courses

3.7.1.3    Middle East & Africa (MEA)

3.7.1.3.1    Rise in government programs and initiatives

3.7.1.3.2    Rising penetration of internet and mobile learning

3.7.2    Industry pitfalls and challenges

3.7.2.1    Lack of peer to peer interaction

3.7.2.2    Slow internet connection and poor network

3.7.2.3    Adaptability issues

3.8    Growth potential analysis

3.9    Porter’s analysis

3.10     Competitive landscape

3.10.1    Strategy dashboard

3.11     PESTEL analysis

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