The demand for remote education, the evolution of technology, and the requirement for flexible instruction have all been factors in the growth of the e-learning market.
PORTLAND, ORIGON, UNITED STATES, October 5, 2023 (EINPresswire.com): Due to the pandemic and the increasing use of smartphones & cellular technology, remote learning trends are on the rise, which is driving the growth of the global e-learning market. Despite this, the decreased interaction with other learners and peers is restraining growth to some degree. Nevertheless, the cost-effectiveness of e-learning models is likely to create desirable prospects for the industry players.
The current situation with the novel coronavirus (COVID-19) is one that has been described as unprecedented.
► The pandemic has had a positive effect on the worldwide e-learning market, as there has been an increase in the uptake of digital technologies by various educational institutions.
► It is probable that this pattern will remain in place well after the pandemic is over.
In 2020, the content segment of the e-learning market accounted for the majority of the global market share, with approximately three-fourths, due to the increased digitalization in the public and private sectors and the incorporation of online tutoring and digital content delivery into various business entities. The service segment is expected to display the quickest CAGR of 17.5% over the length of the forecast period. The evolvement of the countries from analogue to digital information transfer is aiding in the expansion of this segment.
In 2020, the cloud segment had the most significant portion of the global e-learning market, claiming more than three-fifths of its share. This is mainly due to its ability to host large amounts of e-learning content in various formats such as videos, texts, presentations, quizzes, and questionnaires. Furthermore, the segment is anticipated to show the fastest CAGR of 16.6% from 2021 to 2030. In 2020, the e-learning industry in North America was the largest in the world, accounting for almost two-fifths of the global market, as a result of the rising need for distance learning. The Asia-Pacific region is anticipated to show the highest CAGR of 17.4% over the forecast period. The growth of the market is fuelled by technological advancements, such as the usage of web and cloud-based solutions, and the growing acceptance of e-learning approaches.
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Notable figures in the field:
► Aptara Inc. is an organization that provides an array of services.
► Global LLC Articulate
► CERTPOINT is a platform that provides learning solutions that are tailored to the needs of its clients. It offers a variety of options for designing, delivering, and managing learning content. Its solutions are focused on helping customers maximize their investments in e-learning.
► The renowned firm, Cisco Systems, Inc.
► The company Citrix Systems, Inc.
► The software company Adobe is renowned for its products in the industry.
► The corporation known as D2L
► The well-known Microsoft Corporation
► The organization known as Oracle Corporation
It has been noted by Umang Shah, Co-Founder and CTO at SoftvanLabs, that digital literacy and skills are increasingly desired in the current job market. Read more here.
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