E-Learning Market Size & Share 2020-2026, North America, Europe & APAC Industry Statistics with COVID-19 Impact Analysis: Graphical Research
Asia Pacific e-learning market size to cross $90 billion valuation by 2026 | Learning management system technology segment to boost growth in North American market | Europe industry to register 8% CAGR through the projected duration
Pune, India – August 3, 2021 /MarketersMedia/ —
Graphical Research has announced the launch of e-learning market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.
Below is a brief overview of three distinguished regional trends that are expected to foster the e-learning industry growth:
Rising internet and smartphone penetration across APAC
The APAC e-learning market is slated to experience lucrative growth over the coming years owing to the rapidly increasing smartphone and internet penetration in the region. In fact, approximately nine out of ten people in South Korea owns a smartphone. With over 95% internet penetration across the region, e-learning industry is likely to gain considerable traction over the coming years.
Access sample pages of the report, “Asia Pacific E-Learning Market Forecasts 2026” in detail along with the table of contents (ToC) @
https://www.graphicalresearch.com/request/1423/sample
Given the regional COVID-19 situation mobile e-learning technology is expected to record significant momentum in the Asia Pacific. Additionally, the growing adoption of portable gadgets like smartphones, laptops, and tablets is likely to further stimulate market demand. Corporate employees are turning to mobile learning services as they can sign up to short, modularized courses on tablets or smartphones even during commutes.
This is essentially enabling them to save time spent on their employee training at the time of work hours. Moreover, it also allows the company to train a workforce that is globally distributed using a single unified digital platform. Furthermore, increasing number of SMEs across countries like India and South Korea, will favorably outline the overall growth graph of high-quality e-learning and mobile learning solutions. Overall, the APAC e-learning market is slated to record an impressive CAGR of more than 11% over the projected time period.
Growing traction of LMS technology in North America
The learning management system technology segment is anticipated to gain immense traction through the analysis period attributing to the increasing demand for enhanced enterprise learning objectives. LMS software helps instructors deliver important documents or materials, track progress, administer tests, and manage records. Additionally, LMS also helps corporate enterprises save time as well as money through efficient platform management, data personalization, multimedia learning, advanced reporting, and enhanced communication.
Today, collaborating with providers of LMS solution has become a crucial strategy among content developers as it improves the content and offers strong tracking capabilities which are easier to manage. All in all, the North America e-learning industry is slated to record a CAGR of more than 7% over the forecast timeframe.
Access sample pages of the report, “North America E-Learning Market Forecasts 2026” in detail along with the table of contents (ToC) @
https://www.graphicalresearch.com/request/1425/sample
Increasing demand for e-learning services from the European corporate sector
The European corporate sector in rapidly incorporating the latest of technologies and solutions to ensure maximum profitability and productivity. This emerging trend will drive e-learning market share in Europe over the coming years. There has been a notable rise in the overall number of medium and small scale businesses throughout Europe.
Several regional employers are adopting training techniques that can reduce the amount of training time taken from work hours while delivering learning flexibility to their employees. This is fueling the adoption of innovative mobile learning solutions that allow employees to learn on the go through video-based content.
The industry is also witnessing ample support from the government sector as many government agencies look to educate employees and the general populace about the coronavirus pandemic and ways to keep oneself safe. Recently, after the recommendation of the UK government, Nimble started offering a COVID-19 Awareness Course free of cost on its platform. With such a favorable growth outlook, the Europe e-learning market is expected to witness a CAGR of 8% through the projected timeline.
Key players that are making substantial contribution towards the industry growth include, Adobe Systems Inc., Apollo Education Group, Citrix Education, Cisco Systems, Inc., Microsoft Corporation, Meridian Knowledge Solutions, Skillsoft, Oracle Corporation, and SAP SE.
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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