E-learning Market Breaks $200 Billion Mark

E-learning Market Breaks $200 Billion Mark

E-Learning Market size surpassed USD 200 billion in 2019 and is anticipated to grow at over 8% CAGR between 2020 and 2026 according to Global Market Insights. New technologies, such as cloud computing and AI, increasing internet penetration and enhanced network connectivity coupled with the convenience offered by on-demand courses will drive the market growth. 

A rise in the number of internet users has increased the market demand for sophisticated online learning courses. According to the Office for National Statistics, nearly all adults in the age group of 16 to 44 years in the UK were recent internet users (99%) in 2019. The availability of enhanced network connectivity coupled with the convenience offered by on-demand courses will drive the market size.

Source: Global Market Insights 2020

Mobile learning, microlearning, social learning, and corporate MOOCs are the emerging trends boosting the e-learning market revenue. The increasing demand from various end-user sectors, such as healthcare, to train their employees is propelling the industry demand. The coronavirus (COVID-19) pandemic has further driven the industry demand for e-learning solutions among students and corporates.

According to the World Economic Forum, around 1.2 billion children are out of classrooms with schools shut down globally due to COVID-19 pandemic. Electronic Learning Management Systems such as Google Classroom are helping classes to connect distantly, communicate efficiently, and stay organized. Large-scale national efforts to leverage technology to the market players in support of distance education, remote, and online learning during the COVID-19 pandemic are emerging and evolving rapidly.

Access study at: https://www.gminsights.com/industry-analysis/elearning-market-size

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