E-learning market trends & forecast

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E-learning Market Size, Share, Analysis, Growth,
Trends, Key Players, Competitive Strategies and
Forecast to 2025 Hexa Research
Global e-learning market is estimated to
witness a notable growth in the coming years
5 March 2019, The global e-learning market is
anticipated to display notable growth in the
coming years owing to recent developments in
information technology and online education. With
rapid digitization across the world, digital
tools and platforms such as e-learning have been
offering personalized and customized learning
experiences. Increasing demand for e-learning,
particularly in the early years of a child, has
led numerous institutions to progressively
transform traditional classrooms to
technologically advanced digital class rooms,
with a combination of software and hardware
solutions. Users have been extensively
adopting new methods of learning such as animated
and interactive learning tools, thereby giving
the market a significant boost.
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High penetration of smartphones and other mobile
devices has also led to the development of
educational mobile applications. An increasing
number of leading institutes around the world
have been offering a wide range of educational
courses through online platforms. For instance,
the Indian Institute of Technology (IIT) offers
several IT courses such as data algorithms, data
structure, and machine learning through massive
open online courses (MOOCs). Many colleges and
universities are offering blended learning models
due to increasing trend of bring your own devices
(BOYD). In order to improve classroom-based
learning and interaction, teachers have been
recording lectures that can be accessible through
online platforms. This flexibility is expected to
boost market growth in the coming years. Apple
recently introduced its free Schoolwork app for
teachers. This app can help collaborate
one-on-one with students, create assignments, and
track students progress.
Apart from schools and colleges, the non-academic
sectors are also extensively practicing new
learning techniques. Corporate training programs
for employees is one of the key application
areas, wherein companies have been significantly
investing in resources and infrastructure.
E-learning platforms assist companies in reducing
costs involved in employee training as they can
eliminate travel and accommodation costs of
trainers as well as trainees. Employees can also
go through the educational material several times
at no additional costs. The concept of
micro-learning has been gaining much traction in
corporate settings. It involves small learning
units and shorter duration of courses. It helps
users learn better and faster over short modules
as it provides precise and relevant information.
Implementation of cloud-based solutions and
enhancement in IT security solutions have
increased the use of e-learning platforms.
Microsoft India recently announced a free online
course on cloud computing related to data
protection regulations, compliance, and security
for students, businesses, and legal
professionals. Launched in association with
myLaw, this two-phased online audio-visual course
covers topics related to data protection, the
fundamentals of European General Data Protection
Regulation (GDPR), security, and some of the best
cloud practices. The first phase is titled Cloud
Computing Data Protection Regulation" while the
latter phase of the course is titled Cloud
Computing Data Protection Compliance.
Increasing development and adoption of visual
technologies such as augmented reality (AR),
virtual reality (VR), 3D printing, and visual
data analytics have also created new
opportunities for e-learning. Students have been
increasingly implementing these technologies in
their academic projects across courses pertaining
to science, mathematics, technology, engineering,
and others.
Rise in cross-border delivery of higher education
is also expected to create opportunities for the
e-learning market. In cross-border delivery, an
institute in one country delivers courses to
students in other countries. North America is an
early adopter of this and other novel
technologies and U.S. is considered as one of the
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major contributors in the region. However, other
regions such as Asia Pacific and MEA are expected
to display significant growth in the coming
years. In Asia Pacific, emerging countries such
as India and China are expected to show notable
growth due to rising government spending and
rapid digitization. Growth in large-scale
deployment of learning technology in schools and
colleges in China is a result of content
digitization efforts from several federal and
municipal school systems. Government support and
increasing adoption of distance and mobile
education in countries such as UAE, Saudi Arabia,
and Oman are expected to create several
opportunities in the Middle East.
Some of the key companies operating in the market
are McGrawHill Coursera Inc. Cornerstone
Cisco Systems and Udacity Inc.
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