Online learning market to reach $ 840.11 billion, globally, by 2030 at 17.5% CAGR: Allied Market Research
PORTLAND, Ore., December 6, 2021 / PRNewswire / – Allied Market Research released a report titled “Online Learning Market by Provider (Content and Service), Deployment Model (On-Premises and Cloud), Courses (Primary and Secondary Education, Higher Education, Certification Online and Professional Course, Test Preparation) and End User (Academic, Business, and Government): Analysis of Global Opportunities and Industry Forecast, 2020-2030. ”According to the report, the global learning industry in line was estimated at $ 197.00 billion in 2020, and is expected to reach $ 840.11 billion by 2030, registering a CAGR of 17.5% from 2021 to 2030.
Drivers, constraints and opportunities
The distance learning trends imposed by the global pandemic and the boom in the adoption of smart phones and cellular technology are driving the growth of the global online learning market. On the other hand, weaker interaction with other learners and peers hinders growth to some extent. However, the profitability of e-learning models is expected to create lucrative opportunities for the major players in the industry.
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- The increased adoption of digital technologies among various academic institutions during the pandemic has positively impacted the global online learning market.
- This trend is also expected to continue after the pandemic.
Get a detailed analysis of the impact of COVID-19 on the E-learning market:
The content segment for the lion’s share
Based on the provider, the content segment held the largest share in 2020, capturing around three quarters of the global e-learning market, due to increasing digitization in the public and private sectors and adoption of online tutoring and distribution of digital content in several business organizations. The services segment, on the other hand, is expected to register the fastest CAGR of 17.5% throughout the forecast period. The transformations underway across countries from analog bases to digital bases for information exchange are driving the growth of the segment.
The cloud segment to dominate by 2030
Based on the mode of deployment, the cloud segment contributed the lion’s share in 2020, holding more than three-fifths of the global e-learning market, as it allows educators to upload large amounts of content from e-learning in various types and formats. such as videos, texts, presentations, quizzes and quizzes. The same segment is also expected to post the fastest CAGR of 16.6% from 2021 to 2030.
North Americaheld most of it in 2020
By region, the online learning industry through North America dominated in 2020, garnering nearly two-fifths of the global online learning market, owing to the growth in demand for distance learning. the Asia Pacific However, the region is expected to quote the fastest CAGR of 17.4% throughout the forecast period. Technological developments such as the deployment of web and cloud platforms and increasing adoption of e-learning methods in the province are driving the growth of the market.
Key industry players
- Aptara inc.
- Articulate Global, LLC
- CERTIFICATION POINT
- SAP SE
- Cisco Systems, Inc.
- Citrix Systems, Inc.
- D2L Company
- Microsoft Corporation
- Oracle Corporation
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Pawan kumarCEO of Allied Market Research, leads the organization towards providing high quality data and information. We have professional relationships with various companies which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.
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