E-learning Market to Grow by USD 1.72 Tn, Adobe Inc., and Articulate Global Inc. to emerge as key Vendors - Technavio
NEW YORK, Nov. 22, 2022 /PRNewswire/ -- The "E-learning Market by End-user and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 1.72 trillion, accelerating at a CAGR of 16.35% during the forecast period. The report provides a detailed analysis of the competitive landscape and offers information on several players including Adobe Inc., Articulate Global Inc., Cengage Learning Inc., and Cisco Systems Inc., among others - Download a Free Sample Report.
E-learning Market 2022-2026: Key Vendors
The global e-learning market is fragmented because of the presence of several global and regional vendors. To remain competitive in the market in terms of brand, quality, and reliability, global vendors focus more on innovation and technological advancements. Global vendors are strengthening their customer base by enhancing their product offerings and expanding their geographic reach. The competition in the market is projected to intensify during the forecast period. Technavio identifies the following as the dominant players in the market:
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E-learning Market 2022-2026: Key Driver
One of the key factors driving growth in the market is the learning process enhancements in the academic sector. The evolution of education technologies began with schools and colleges converting traditional classrooms to digital classrooms by investing in fundamental hardware and software solutions. Technology is transforming K-12 and higher education by empowering teachers as they can reject education technologies that divert student attention. The adoption of content digitization led to an increase in demand for digital education publications.
However, the growing in-house content development will be a major challenge for the market during the forecast period. Blended eLearning requires online study materials and related services to support the online platforms. In-house content developers create a few courses with instructors, add plenty of images and videos, and modify them according to learner engagement and feedback. The increase in the development of in-house content is expected to affect the global eLearning market adversely.
Know about the impact of drivers, trends, and challenges - Download a Free Sample Report
E-learning Market 2022-2026: Segmentation
The market share growth by the higher education segment will be significant during the forecast period. Education technology solutions are becoming popular in schools and in higher education institutions to provide a digital platform for documenting and tracking the delivery of online education and training. Several learning institutes adopted online learning platforms to teach their students. As a result of this, both curriculum-based learning and test preparation for students through eLearning are expected to witness high adoption among learning institutes and learners
34% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for e-learning in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions. The increasing internet connectivity and innovation in this region will facilitate market growth in North America over the forecast period.
The e-learning market report covers the following areas:
E-learning Market 2022-2026: Key Highlights
Self-paced E-learning market - The market share is expected to increase by USD 7.20 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.61%.
Academic E-learning market - The market share is expected to increase by USD 72.41 billion from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 10.29%.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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