Global E-Learning Market 2024–2033

Reports Description

According to Custom Market Insights (CMI), The Global E-Learning Market size was estimated at USD 210.0 Billion in 2021 and is expected to reach USD 281 Billion in 2022 and is expected to hit around USD 848.1 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 17.53% from 2022 to 2030.

E-learning is electronic learning involving electronic gadgets through which teaching can be done. It has four main types: one-to-one, group, video-based, and course learning. Examples of e-learning platforms include Byju’s MOOCs (Massive Online Open Courses), e.g., Coursera or Futurelearn, Udemy, and many others. In addition, e-learning involves smartphones, computers, laptops, and a good internet connection through which knowledge and teaching have been performed.

The global e-learning market is evolving, and companies are now focusing more on strengthening and consolidating R&D activities, thereby increasing the production capacity of the e-learning thus, driving the market growth by catering to the need for e-learning in various end-use industries.

Growth Factors

Technological advancement, upgradation in new electronic product developments, and ease of accessibility to the internet have enhanced the performance of the e-learning market during the forecast period. Furthermore, an article published by World Economic Forum in January 2022 states that the online learning platform Coursera recorded 20 million new student registrations in 2021. Additionally, cost-effective learning courses and depending on the online platform during the COVID-19 pandemic have driven the market enormously. This factor is anticipated to enhance the overall demand for e-learnings in the growing technological field. 

Moreover, the rise in the demand for electronic gadgets and the advancement of technology in electronic gadgets surged the e-learning market in 2021. For instance, according to an article published by Invest India in November 2022, the electronic devices industry valued at $118 bn in 2019-20 is segmented as Mobile Phones (24%), Consumer Electronics (22%), Strategic Electronics (12%), Computer Hardware (7%), LEDs (2%). Over 2.3X growth in domestic electronics production in 6 years; From $ 29 Bn (FY15) to $ 67 billion (FY21). These factors are expected to increase the potential sales of e-learning in the growing electronics industry in the upcoming years. 

The growth of the e-learning market is driven by a rise in remote learning during the pandemic, and cost-effective learning procedures have escalated the overall potential sales of the e-learning market. In addition, Surge in the use of Artificial intelligence and governments, several institutions’ efforts to maintain education knowledge have driven the market. As a result, manufacturers have emphasized producing and manufacturing several electronic gadgets. Furthermore, several key companies actively engaged in manufacturing cost-effective e-learnings devices in countries such as the U.S., India, China, and others are vital to market trends for the e-learning market. These factors collectively witnessed high potential growth for e-learnings, thus, offering remunerative opportunities for the market. 

E-learning market Segmentation.

The E-learning market is segmented by Technology.

Depending upon the stimulus type, the e-learning market is segmented into online e-learning, learning management systems (LMS), mobile e-learning, rapid e-learning, and virtual classroom. 

The learning management system dominated the market in 2021 and is expected to grow with a total market share of 22.59% over the forecast period. A learning management system (LMS) is a software application and web-based technology widely used worldwide to plan, implement and assess a specific learning process.

According to an article published by Forbes in September 2020, Forbes has listed the top 10 LMS learning technology, named The Best Learning Management Systems of 2022. MATRIX LMS., TalentLMS., Absorb., iSpring., Docebo., D2L Brightspace LMS., Blackboard Learn LMS., and others. The LMS technology offers administration, documentation, reporting, tracking, automation, and delivery of educational courses, training programs, materials, or learning and development programs, a widely accepted tool globally. This factor will enhance the potential sales of the e-learning market in the upcoming years.  

Furthermore, online e-learning, mobile-eLearning, virtual classroom, and other platforms show favorable growth rates during the forecast period.

E-learning market, segmented by Provider. 

Depending upon the provider, the e-learning market is segmented into service and content. 

The content provider segment dominated the market in 2021 and is expected to grow over the forecast period with a total market share of 38.59%. Content provider segment access to a central repository of data. A provider is part of an android application, which often provides its own UI for working with the data. However, content providers are primarily intended to be used by other applications, which access the provider using a provider’s client objects.

In addition, ease of access and quality content from various e-learning platforms such as Byjus, Study IQ, Unacademy, Udemy, and others have increased the sales of the global e-learning market during the forecast period. 

E-learning market, a segment based on the Application

Based on application, the global e-learning market is studied across academic [K-12, higher education, vocational training], corporate [SMBs, large enterprises], and government. It is expected that the global educational segment to hold a dominant position during 2022 -2031 with a total share of 34.78%.

Key elements such as the strict lockdown shutdown of many colleges, schools, corporate sectors, and others have spurred the demand for e-learning applications. In addition, maintaining the inline o and consistency in the educational syllabus and government data and continuing the pending corporate work has boosted the e-learning market during the forecast period. Platforms such as Microsoft teams, Zoom, Skype, and other applications ah has gained popularity in the e-learning market due to their ease of accessibility, simple procedures, and good technicality. According to a report published by Matthew Woodward in August 2022, in terms of enterprise users, Zoom had 27 clients paying at least $1 million per year in 2020. These factors are projected to grow e-learning during the forecast period.

Furthermore, the corporate and government applications segment had shown a significant growth rate owing to favorable factors such as work-from-home practices, use of electronic gadgets, and installments of various applications in the devices. Flexibility has increased the demand for the e-learning market in the coming years. 

In addition, an increase in the installments of e-learnings apps in every phone, computer, laptop, and other electronic gadget has augmented to foster the market. 

Report Scope

Regional Analysis

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. 

North America is the dominant region in the e-learning market. This region is also anticipated to maintain its dominance throughout the forecast period, with a total market share of 42.78%. Countries such as the U.S., Canada, and Mexico have enhanced the performance of the e-learning market. Growing awareness regarding the benefits of e-learning apps over traditional practices has improved the e-learning market. In addition, the adoption of IoT, AI-based learning, and the advancement of technology has spurred the demand.

Moreover, automatic translation, localization methods, machine learning, and distant learning kind of innovative learning applications have been enhanced in the countries such as America, Mexico, and others. This factor is responsible for the growth of the e-learning market. These fundamental elements positively escalated the demand for e-learning in the North American region. Moreover, the Asia Pacific and Europe are also expected to show positive growth in the e-learning market during the forecast period. This is attributed to the wide acceptance of learning apps such as Udemy, Byjus, Coursera, Unacademy, and others in India is expected to increase the potential sales of the e-learning market in the forthcoming years.

Key Players

• Adobe
• Aptara Inc.
• Articulate Global LLC
• CERTPOINT
• Cisco Systems Inc.
• Citrix Systems Inc.
• D2L Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE

Key Insights: 

• The LMS technology type segment dominated the market in 2021 and is expected to grow over the forecast period with a total market share of 22.59%. 
• The content provider application segment will hold a dominant position during 2022 -2031 and grow at a CAGR of 38.59% during the forecast period. 
• The academic-based application segment dominated the market in 2021 and is expected to grow with a total market share of 34.78% over the forecast period. 
• North America is the dominant region in the nano-metal oxide market and growing at a CAGR of 42.78%. 

Recent Development: 

In June 2018, VIPKID, an education firm, expanded its USD 500 million funding for children’s language learning and provided an educational experience to students aged between 4-12 years. This strategic business expansion has enhanced VIKIPID’s product portfolio for the e-learning market in the coming years.

In 2020:  Google partnered with the Central Board of Secondary Education (CBSE) to digitalize its classrooms across India. With the growing funding, several education institutes are improving their course delivery to their students. This kind of strategic business expansion has boosted the e-learning market in India. 

In September 2021, Coursera planned to expand its e-learning course in India. This strategic business expansion has escalated Courser’s product portfolio for e-learning applications. 

COVID-19 Analysis

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused considerable losses to lives and the economy around the globe. 

The e-learning market has had a positive impact due to the COVID-19 pandemic; owing to the rise in cases of COVID-19, emergency protocols and shutdown of various operations and facilities have been implemented during 2020. In addition, schools, colleges, government institutions, and others were operated through online platforms.

The e-learning platform prospered during the COVID-19 pandemic owing to cost-effective, convenient, and easy-to-learn applications has spurred the market robustly. Furthermore, during the second half of the pandemic, there was a sudden surge in demand for consumer electronics such as laptops, smartphones, and other gadgets used to work online. In addition, the increase in the concept of working from home led to the rise in demand for portable electronic devices during the pandemic, which boosted the growth of the e-learning market. In the first quarter of 2021, the need for e-learning has experienced moderate growth owing to the reopening of schools, universities, government institutions, and others.

Segments covered in the report

By Technology

• Online E-Learning
• Learning Management System (LMS)
• Mobile E-Learning
• Rapid E-Learning
• Virtual Classroom

By Provider

• Service
• Content

By Application

• Academic [K-12, Higher Education, Vocational Training]
• Corporate [SMBs, Large Enterprises]
• Government

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America