The increasing penetration of the internet and the growing use of smartphones across the world is set to propel the global e-learning market outlook over the forthcoming years. Other factors like rising demand for on-job training from the corporate offices would further add up to the industry share by the end of 2026.
The world is presently witnessing rapid digitalization in the academic, government, and corporate industries, which is driving the adoption of e-learning as online courses and content offer scalability as well as flexibility to learners.
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The e-learning market may touch USD 375 billion by the year 2026. The e-learning market is predicted to garner noteworthy gains on account of rising usage of smartphones and increasing availability of high-speed internet. Online learning comes as a viable option for people looking to remotely attain knowledge about specific educational topic or course. Large-scale organizations and corporates are banking on e-learning platforms to conduct on-job training activities of employees.
Rapid advancement in technologies like AI, machine learning, and cloud computing will play a crucial role in enhancing the offerings of e-learning services and solutions. Artificial intelligence and machine learning have allowed e-learning platforms to target and track user requirements and accelerate marketability.
Online learning platforms have also particularly gained traction recently owing to the ongoing coronavirus health crisis as more people seek to educate themselves while maintaining appropriate social distancing measures. Educational institutions and corporate organizations are capitalizing on the benefits of electronic learning solutions to educate students and train employees while operating remotely.
Recently, Bangalore-based educational technology firm, BYJU’S was adored as one of the world’s most highly valued edtech firms. BYJU’s is experiencing a 200% rise in the number of new students since it made some of its live sessions free during the COVID-19 pandemic.
Educational facilities are harnessing e-learning techniques to teach students remotely in the wake of the COVID-19 pandemic. Institutes are offering numerous courses to help students gain more understanding about specific topics and domain.
Corporate enterprises, on the other hand, are adopting digital learning solutions to train their employees. Government institutions are leveraging electronic platforms to offer training to health workers, guiding them through the effects of Covid-19 and necessary steps to curb its spread.
E-learning market in the Asia Pacific is considered to be a promising ground for e-learning platforms as the region is experiencing rapid development in the business sector and a steady growth in the adoption of advanced technologies.
Federal institutions from countries like India, Japan, and China are promoting the adoption of latest technologies to drive overall economic growth. One such pioneering initiative is Digital India developed to support digitalization across numerous industries in India.
Companies operating in the e-learning market are focused on broadening their brand presence globally. Companies prefer to provide attractive courses at nominal or zero charges to expand their customer base.
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They are inking strategic partnership deals to develop improved solutions for customers. Taking May 2020 for instance, the Standard Group joined forces with Oxford University Press to release an e-learning application dubbed, Tutor-Soma, for students pursuing their education from home.
Table of Contents (ToC) of the report:
Chapter 5 E-Learning Market, By Provider
5.1 Key trends by provider
5.2 Service providers
5.2.1 Market estimates and forecast, 2015 - 2026
5.3 Content providers
5.3.1 Market estimates and forecast, 2015 - 2026
Chapter 6 E-Learning Market, By Application
6.1 Key trends by application
6.2.1 Market estimates and forecast, 2015 - 2026
126.96.36.199 Market estimates and forecast, 2015 - 2026
6.2.3 Higher education
188.8.131.52 Market estimates and forecast, 2015 - 2026
6.2.4 Vocational training
184.108.40.206 Market estimates and forecast, 2015 - 2026
6.3.1 Market estimates and forecast, 2015 - 2026
220.127.116.11 Market estimates and forecast, 2015 - 2026
6.3.3 Large enterprises
18.104.22.168 Market estimates and forecast, 2015 - 2026
6.4.1 Market estimates and forecast, 2015 - 2026
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