Global E-Learning Service market is poised to grow at a CAGR of 15.61% during the forecast period, reaching a total market size of US$137.754 billion in 2025 from US$57.702 billion in 2019. E-Learning or electronic learning is the delivery of learning and training through digital resources. The growth of the global E-Learning market is driven due to the rising demand for effective training of employees for better performance and high technology adoption across the world. The demand for higher education is fueled owing to its advantages like affordability and easy accessibility.
Studying online is more convenient with regard to the place and being flexible with regard to time is an added advantage of online education. These include games, one-on-one interaction, assignments, easy sharing and downloading of materials, and improving communication and interaction among students and teachers. These new techniques are majorly driving the market as it is attracting more people to choose an affordable and accessible way of education.
E-Learning has made study content more concise and expressive simultaneously with the use of audio, videos, and other graphics. Companies providing e-learning services are engaging in innovative growth strategies to engage people in learning through these online learning platforms. Companies are providing online degree courses and even diploma and certificate courses for the student for validation of completion of certain skill or training courses or programs. Courses range from short-term to long terms like a year or more and are divided on in short. This, in addition, is driving the market as it makes people more confident in the course offered.
The global E-Learning service market is segmented by type and end user. By type, the market is segmented as synchronous and asynchronous. On the basis of end-user, the global e-learning service market is segmented as corporate, academic, and government.
Technological advancements such as AR & VR devices, AI platforms, big data, and machine learning provide a great opportunity for the growth of the e-learning service market during the next five years. These technologies are helping companies to share and deliver education-based content in innovative and interactive methods.
The growing penetration of the internet worldwide is also contributing to the growth of the e-learning service market as more people are using the internet for educating themselves and learning new skills. According to the World Bank data, the penetration of the internet has grown double-fold in a decade from 22.96% of individuals using the internet in 2008 to 49.72% of individuals using the internet in 2017. The proliferation of smartphones combined with the rising internet connectivity is thus, bolstering the growth of the e-learning service market.
Asynchronous learning holds a significant market share
The market for asynchronous e-learning holds a significant share of the global e-learning service market. Asynchronous learning is more popular as compared to synchronous learning. This is because the former provides flexibility and pacing along with affordability. Asynchronous learning is studying the course by using reading materials, viewing lectures, and completing assignments, and exams for evaluation within a flexible time frame. However, the synchronous learning service market is poised to grow at a significant CAGR during the forecast period. This type of e-learning service is offered in real-time and includes video conferencing, teleconferencing, live chatting, and live-streaming lectures. It happens in a specific virtual place, through a specific online medium, and at a specific time.
The corporate segment will witness market growth at a significant CAGR during the forecast period. Companies are increasingly investing in e-learning services for training employees in order to enhance skill-based proficiency for improving their performance. Corporate is trying to opt for courses that help learners in growing their aptitude and better their career prospects. People who are employed can study online after working hours and can get quality education from leading professionals and highly qualified professors from renowned universities without even attending B-schools. Corporate is implementing e-learning for employees for talent enhancement and employee retention, thus bolstering the market growth of e-learning services across this sector.
The academic segment holds significant market share due to continuously rising tuition fees and the ever-increasing expenses of higher education. People are more opting for E-learning as it provides a degree and certification course. Moreover, the emerging popularity of distance education is further fueling the demand for e-learning services across this sector, thus positively impacting the market growth.
According to the U.S. Bureau of Labor Statistics College tuition fees increased from 109.15 in 2007 to 159.22 in 2015. It shows the rise in tuition fees which has increased the cost of education by many folds. Expensive education is thus, driving people towards e-learning services that are more affordable and accessible to all.
North America is one of the major regional markets.
Regionally, the global e-Learning service market is classified into North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific. North America accounted for a significant market share in 2019 owing to the continuous rise in tuition fees in countries like the U.S. and Canada. Moreover, high awareness about the benefits of e-learning services further supports the market growth of e-learning services in the region. The Asia Pacific will witness a decent market growth rate owing to urbanization and an increase in disposable income. People are getting more aware of the advantages and benefits of e-learning and want to learn new skills and improve their aptitude for better job opportunities these will drive the e-learning service market in the Asia Pacific region.
Report Metric | Details |
Market size value in 2019 | US$57.702 billion |
Market size value in 2025 | US$137.754 billion |
Growth Rate | CAGR of 15.61% from 2019 to 2025 |
Base year | 2019 |
Forecast period | 2020–2025 |
Forecast Unit (Value) | USD Billion |
Segments covered | Type, End-User, And Geography |
Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies covered | Oracle, Pearson, Blackboard Inc., Meridian Knowledge Systems, Allen Interactions Inc, Aptara Inc., Cisco System Inc., InfoPro Learning, Inc., CrossKnowledge, Virtual College, Learning Pool, Skill Soft, D2L Corporation |
Customization scope | Free report customization with purchase |
Segmentation
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the E-Learning service market?
A1. The global E-Learning service market is poised to grow at a CAGR of 15.61% over the forecast period.
Q2. What will be the E-Learning service market size by 2025?
A2. The E-Learning service market is expected to reach a market size of US$137.754 billion by 2025.
Q3. What is the size of the global E-Learning service market?
A3. E-Learning Service Market was valued at US$57.702 billion in 2019.
Q4. What factors are anticipated to drive the E-Learning service market growth?
A4. The growth of the global E-Learning market is driven due to the rising demand for effective training of employees for better performance and high technology adoption across the world.
Q5. Which region holds the maximum market share in the E-Learning service market?
A5. North America accounted for a significant share in the E-Learning service market owing to the continuous rise in tuition fees in countries like the U.S. and Canada.
Pearson
Blackboard Inc.
Meridian Knowledge Systems
Allen Interactions Inc
Aptara Inc.
Cisco System Inc.
InfoPro Learning, Inc.
CrossKnowledge
Virtual College
Learning Pool
Skill Soft
D2L Corporation
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