Academic e-learning market to grow at a CAGR of 17.5% by 2027, Launch of new online degrees to boost the market - Technavio
NEW YORK, Feb. 23, 2023 /PRNewswire/ -- According to Technavio, the global academic e-learning market size is estimated to grow by USD 147.89 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 17.5% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 35% of the market's growth. The report also includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 55.57 billion. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the historic market data from 2017 to 2021 Request a sample report
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Academic e-learning market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on deployment (On-premises and Cloud-based), and end-user (Higher education and K12).
The on-premise segment by deployment will grow at a significant rate during the forecast period. End-to-end quality control and data security capabilities are driving the growth of the on-premises e-learning solutions segment. Servers that contain academic e-learning modules are owned and managed by the buyer's educational institution. As a result, the data is more secure when compared to a public cloud-based solution. In addition, servers containing e-learning modules are located within educational institutions, which enables easy access to e-learning modules. Such factors will increase the market growth during the forecast period.
Geography Overview
By geography, the global academic e-learning market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global academic e-learning market.
North America is estimated to account for 35% of the growth of the global market during the forecast period. The e-learning model is considered a learning process wherein students can use new technologies, which is increasing its adoption in the region. Moreover, companies are investing in new technologies. Therefore, students can learn using advanced technologies while exploring a virtual learning environment. Many universities in the region have launched online degree microlearning, and the adoption of m-learning will be the key trend in the region during the forecast period.
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Academic e-learning market – Market Dynamics
Key factor driving market growth
The launch of new online degrees is driving the market growth.
Academic institutions globally are launching online degrees, with the growing acceptance and enrollment of online courses.
For instance, in June 2021, the University of the Arts London launched 30 new online and low-residency degrees.
Similarly, in February 2022, the University of Sydney partnered with 2U to offer four online postgraduate degrees.
Thus, the growing enrollment of online courses is anticipated to fuel the growth of the market during the forecast period.
Leading trends influencing the market
The emergence of HTML5 as the main programming language for content authoring is the primary trend in the market.
With the increasing penetration of smartphones and mobile learning, content developers in the industry prefer Hypertext Markup Language 5 (HTML5) to Adobe Flash Player.
HTML5 is mobile-friendly. By using HMTL5 authoring tools, e-learning service providers can adapt their courses to various screen sizes and create smart meta tags to optimize their e-learning courses for mobile devices.
HTML5 offers offline storage so that learners can download the e-learning course and access it without the Internet. Hence, the adoption of the HTML5 authoring tool by content developers will be a key trend in the market.
Major challenges hindering market growth
High development cost associated with e-learning courses is challenging the market growth.
The development and design costs of academic e-learning courses include consultation with SMEs on content creation, designing lecture and visual content, and development of practical assessments.
Academic e-learning courses should be updated on a regular basis to keep up with the latest trends. Moreover, developing academic e-learning courses for different target learners is also expensive.
Therefore, the high cost associated with e-learning is expected to slow down the growth of the market during the forecast period.
What are the key data covered in this academic e-learning market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the academic e-learning market between 2023 and 2027
Precise estimation of the size of the academic e-learning market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the academic e-learning market across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of academic e-learning market vendors
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The e-learning market is estimated to grow at a CAGR of 16.35% between 2021 and 2026. The size of the market is forecasted to increase by USD 1.72 trillion. This report extensively covers market segmentation by end-user (Higher education, Corporate, and K-12) and geography (APAC, MEA, North America, South America, and Europe).
The e-learning market size in the UK is expected to increase by USD 11.57 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 15.27%. This report extensively covers market segmentation by product (packaged content and solutions) and end-user (K-12, higher education, and corporate).
Academic E-Learning Market Scope | |
Report Coverage | Details |
Page number | 161 |
Base year | 2022 |
Historic period | 2017-2021 |
Forecast period | 2023-2027 |
Growth momentum & CAGR | Accelerate at a CAGR of 17.5% |
Market growth 2023-2027 | USD 147.89 billion |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 16.99 |
Regional analysis | North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution | North America at 35% |
Key countries | US, Canada, China, India, and Germany |
Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled | 51Talk English International Inc., Ambow Education Holding Ltd., Berlitz Corp., Cornerstone OnDemand Inc., D2L Corp., EF Education First Ltd., inlingua International Ltd., Instructure Holdings Inc., LearnWorlds CY Ltd., MPS Ltd., NIIT Ltd, Pearson Plc, Providence Equity Partners LLC, SAI Global Pty. Ltd., Sanako Oy, TAL Education Group, Teachable, Inc, Udemy Inc, VIPKID HK Ltd., and WhiteHat Education Technology Pvt ltd |
Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global academic e-learning market 2017 - 2021
4.2 Deployment Segment Analysis 2017 - 2021
4.3 End-user Segment Analysis 2017 - 2021
4.4 Geography Segment Analysis 2017 - 2021
4.5 Country Segment Analysis 2017 - 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Deployment
6.1 Market segments
6.2 Comparison by Deployment
6.3 On-premises - Market size and forecast 2022-2027
6.4 Cloud-based - Market size and forecast 2022-2027
6.5 Market opportunity by Deployment
7 Market Segmentation by End-user
7.1 Market segments
7.2 Comparison by End-user
7.3 Higher education - Market size and forecast 2022-2027
7.4 K12 - Market size and forecast 2022-2027
7.5 Market opportunity by End-user
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2022-2027
9.4 Europe - Market size and forecast 2022-2027
9.5 APAC - Market size and forecast 2022-2027
9.6 South America - Market size and forecast 2022-2027
9.7 Middle East and Africa - Market size and forecast 2022-2027
9.8 US - Market size and forecast 2022-2027
9.9 China - Market size and forecast 2022-2027
9.10 India - Market size and forecast 2022-2027
9.11 Germany - Market size and forecast 2022-2027
9.12 Canada - Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Ambow Education Holding Ltd.
12.4 Berlitz Corp.
12.5 Cornerstone OnDemand Inc.
12.6 D2L Corp.
12.7 EF Education First Ltd.
12.8 Instructure Holdings Inc.
12.9 MPS Ltd.
12.10 NIIT Ltd
12.11 Pearson Plc
12.12 Providence Equity Partners LLC
12.13 SAI Global Pty. Ltd.
12.14 TAL Education Group
12.15 Udemy Inc
12.16 VIPKID HK Ltd.
12.17 WhiteHat Education Technology Pvt ltd
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
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