The Global eLearning Market to grow from USD 90.67 Billion in 2019 to USD 249.95 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.41%.
Market Segmentation & Coverage:
The research report categorizes the eLearning Market to forecast the revenues and analyze the trends in each of the following segments:
"The Learning Management System is projected to witness the highest growth during the forecast period"
Based on Technology, the eLearning Market studied across Learning Management System, Mobile eLearning, Online eLearning, and Virtual Classroom. The Mobile eLearning commanded the largest size in the eLearning Market in 2019, followed by the Online eLearning. On the other hand, the Learning Management System expected to grow at the fastest CAGR during the forecast period, followed by the Online eLearning.
"The On-Cloud is projected to witness the highest growth during the forecast period"
Based on Deployment, the eLearning Market studied across On-Cloud and On-Premises. The On-Cloud commanded the largest size in the eLearning Market in 2019, followed by the On-Premises. On the other hand, the On-Cloud expected to grow at the fastest CAGR during the forecast period, followed by the On-Premises.
"The Healthcare is projected to witness the highest growth during the forecast period"
Based on Application, the eLearning Market studied across Academic, Corporate, Defense, Government, Healthcare, Manufacturing, and Retail. The Academic commanded the largest size in the eLearning Market in 2019, followed by the Corporate. On the other hand, the Healthcare expected to grow at the fastest CAGR during the forecast period, followed by the Government.
"The Asia-Pacific is projected to witness the highest growth during the forecast period"
Based on Geography, the eLearning Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Americas commanded the largest size in the eLearning Market in 2019, followed by the Europe, Middle East & Africa. On the other hand, the Asia-Pacific expected to grow at the fastest CAGR during the forecast period, followed by the Americas.
The factors attributing to the growth of the market are rise in digitalization of educational content, learning management system switching to cloud-based systems, and corporates focused on enhancing the training sessions and employee productivity. However, some factors such as poor infrastructure and limited internet availability may hinder the market growth. The eLearning Market expected to showcase the opportunities such as increasing penetration of the internet and smart devices, advancements and innovations in connected technologies, and government initiatives and private funding for elearning programs. Soon market may face the possible challenges in the growth due to cybersecurity threats and adaptability issues. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the eLearning Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The eLearning Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global eLearning Market, including A Cloud Guru Ltd, Adobe Systems Inc., Allen Interactions Inc., Aptara, Inc., Articulate Global, Inc., Blackboard Inc., Cisco Systems, Inc., Citrix Systems, Inc., City & Guilds Group, Cornerstone OnDemand, Inc., D2L Corporation, Infor Inc., Intuition Publishing Ltd., Kallidus Ltd, Learning Pool Limited, Meridian Knowledge Solutions, Microsoft Corporation, Oracle Corporation, Pearson PLC, Saba Software, SAP SE, Skillsoft Limited, Udemy, Inc., and University of Phoenix.