Visiongain Publishes E-Learning Services Market Report to 2031

31 March 2021
Cyber

Visiongain has published a new report on E-Learning Services Market Report to 2031: Forecasts By Technology (Online e-learning, Learning Management System (LMS), Mobile e-learning, Virtual classroom, Rapid e-learning, Others), By Provider (Service, Content), By End-User (Academic {K-12, Higher Education, Vocational Training}, Corporate {Large Enterprises, Small and Medium-Sized Enterprises}, Government), By End-User (Business-to-Business, Business-to-Customers). PLUS, Profiles of E-Learning Services Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios

Global E-Learning Services Market was valued at US$ XX billion in 2019 and is projected to reach a market value of US$ XX billion by 2031.

E-learning or electronic learning refers to the use of Internet technology for automation, administration and training process. The e-learning suites comprise of learning management systems (LMS), virtual classrooms, learning content management systems (LCMS) to manage all the aspects of learning content. Government initiatives supporting e-learning and rising penetration of internet and smartphones are the factors driving the growth of e-learning services market. The market seeks growth opportunities from increasing demand from the healthcare sector and growing demand for cloud-based LMS systems. However, lack of network infrastructure in developing countries and lack of peer-to-peer interaction are some of the factors hampering the market growth during the forecast period.

COVID-19 Impact on E-Learning Services Market
The COVID-19 pandemic has affected the businesses and livelihood of the people at an unprecedented rate. The sudden outspread has resulted in social distancing and lockdown initiatives resulting in putting the businesses process at hold. Enterprises are adopting remote work culture and work from home initiatives, keeping in consideration the safety of employees and business continuity. Moreover, educational institutes have also adopted remote learning initiatives which have increased the demand for e-learning services. The academic institutes and commercial enterprises which have not used e-learning prior to the pandemic are now adopting various online training programs for the employees. Whereas, the companies which have already operated eLearning and training are focussed on developing new methods and courses and online strategies to offer to their consumers. The sudden rise in demand for remote work/education culture and work/study from home initiatives is expected to have a significant positive impact on the market.

Market Drivers

Government Initiatives Supporting E-Learning
Governments of various countries across the globe are taking initiatives to promote e-learning as a part of digitalization strategies. For instance, in India government has launched learning platforms such as Diksha, e-pathshala, and virtual learning labs, among others to promote e-learning in the country. Also, the UK government launched a new online learning platform which gives access to free, high-quality digital and numeracy courses to help the people of the nation to skill up and boost up the available job prospects. These are the factors driving the growth of e-learning services market.

Rising Penetration of Internet and Smartphones
Smartphone penetration is on the rise across countries such as China, India, the US, and Brazil, among others owing to the increasing availability of high-end features and high consumer disposable income. Moreover, with the low tariff rates and developments in network infrastructures, Internet penetration is also witnessing a rise resulting in increased consumption of Internet-based services such as e-learning. Mobile e-learning offers access to the study content anywhere and anytime and supports collaborative learning which is expected to drive the market growth during the forecast period.

Market Opportunities

Increasing Demand from and Healthcare sector
Healthcare sector has unique and intensive training sessions. Organizing the training session via traditional methods consume a lot of time and costs for the setup. E-learning offers the ease and speed of content creation and delivery. The LMS solutions allow access to training content, feedback and assessment 24/7 at any place and on any device having an Internet connection. Thus, the eLearning services have proven to be adaptable, efficient and cost-effective ways for meeting the unique training demands of the healthcare sector.

Growing Demand for Cloud-Based LMS Systems
Cloud computing technology is one of the highly demanding technology in the current years. Organizations are planning on increasing their expenditure on cloud infrastructure owing to the benefit it offers. Cloud-based LMS solutions allow the user to provide flexible, cost-efficient, and effective eLearning to students and employees with minimal initial costs, automatic upgrades and updates, quick deployment capabilities, and enhanced security. The cloud-based LMS solutions are witnessing rise owing to the benefits offered of by the cloud platform, thereby offering growth opportunities to the e-learning services market during the forecast period.

Competitive Landscape
The e-learning services market is highly competitive. The key market players are focused on innovating its product portfolio with advanced capabilities. They are also involved in mergers & acquisitions strategies to broaden their offerings, customer base, and market share. Some of the companies profiled in the report include Adobe Systems Inc., Blackboard Inc., Cisco Systems Inc., Adrenna, Pearson Plc, Thomson Reuters Corporation, Infor, Oracle Corporation, SAP SE, and Saba Software.

September 2020, Cisco Systems, Inc. has developed Cisco Webex Classrooms, its e-learning platform. The new Cisco Webex Classrooms is designed for the specific needs of the educators, students, parents and IT professionals for delivering secure distance learning. The new integrations with Schoology and leading LMS allow students and educators to work securely within familiar systems.

April 2020, Cornerstone OnDemand, Inc. acquired Saba Software, a talent experience solutions provider. The acquisition aimed at expanding the e-learning product portfolio and market presence of the former company.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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