E-Learning market is expected to gain significant impetus in terms of growth over the coming years owing to rising use of mobile apps, elevating internet penetration, and increasing government initiatives and programs regarding online courses and education platforms.
E-learning or electronic learning is a program, course or degree delivered through digital sources. The e-learning courses can occur in a number of forms by using a range of technologies. Generally utilized in organizations such as corporations and schools, e-learning helps the learners in completing their education as well as training objectives with great comfort and flexibility in comparison to traditional classroom learning.
In an effort to teach students, a variety of techniques are used in e-learning including surveys, discussion groups, quizzes, audio & video recordings, games, presentations, and much more.
The e-Learning market is bifurcated in terms of technology, provider, application, and regional landscape.
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With respect to technology, the e-learning market is categorized into virtual classroom, LMS, rapid e-learning, mobile e-learning, online e-learning, and others. The LMS technology segment will observe high adoption in corporate and academic sectors in an effort to reduce the training costs while providing integrated learning or training modules to the students or employees. These software technologies further help businesses in administration, documentation, recording, along with tracking the employees' scores or performance.
Based on provider, the e-learning market is divided into content and service. Among these, the content providers are observing immense growth owing to the high course material demand to offer proper training or education to students or employees.
These content providers are also associating with organizations who are offering LMS solutions. In addition, the software companies are integrating the content provided by these providers inside their solutions so as to provide complete training-based modules to its end users.
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In terms of application, the overall e-learning market is segmented into government, academic, and corporate. The corporate application segment is further classified into large enterprises and SMBs. Corporate enterprises are heavily investing in incorporation of latest learning technologies within their services to help employees understand business policies as well as their job roles using an interactive medium.
The businesses are further transforming their standard training techniques, which includes conferences and workshops to more efficient and affordable electronic training platforms.
From a regional frame of reference, the E-learning market in North America is likely to witness significant growth since players are focusing on offering their services and solutions to the countries where favorable government policies and high growth in the education sector can be seen.
Increased government initiatives toward education platform and online courses is also providing ample growth opportunities to the industry players in the region.