3 technology trends that will drive the Global E-learning markets to reach $ 400 Bn by 2027 says a report by Ken Research

July 13, 2023

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Global E-learning Market Ecosystem

Global E-learning Market is at a growing stage. It is a fragmented market with the presence of many e-learning companies. The e-learning market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more personalized learning platform. Few major global e-learning players are Aptara, Inc, Adobe Systems Inc, Cornerstone, Citrix Education, Meridian Knowledge Solutions, Microsoft Corporation etc.

Global E-learning Market Outlook

E-learning Global Service Provider Market

1.Mobile Learning Technologies are Growing at a Fast Pace

The mobile learning technology has witnessed faster adoption in the eLearning market with the increased use of smartphones. Many application-based knowledge platforms are being developed which allow smartphone users to gain insights into any topic in real-time. Some educational institutes and universities develop their own mobile-based applications that allow the students to log in to the student portal and get access to the missed lectures. A few prominent mobile applications currently in use in the corporate sectors are Udemy, Skill Pill, Design Jot, and Boost HQ. Furthermore, the developers in the market also offer a game-based application platform that is used for teaching children with the help of interactive animated videos and pictures. These technologies enable schools to enhance the logical & reasoning skills and IQ of their students.

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2.Increasing Use of VR and AR Applications to Create Lucrative Opportunities for the Global E-learning Market

Virtual reality technology facilitates deep learning by decreasing danger and immersing learners in a new setting. Because they provide practical answers, AR and VR technologies are increasingly being employed in the classroom. Virtual reality is being used to carry out complex procedures and handle high-risk situations. They cater to individual needs and assist students in developing a fully immersive learning experience. Immersive VR Education is a software company founded in 2014. They are best known for their ENGAGE platform that was specifically built for training and education based on virtual reality. Alchemy VR is another such platform which is one of the leaders in modern technological innovations in the realm of education.

Global E-learning Market

3.Insight by Deployment Model in the e-learning space: Based on the deployment model, the cloud segment is leading the industry globally and is expected to register the fastest CAGR over the foreseen period. Cloud-based solutions are gaining remarkable traction in schools and universities due to their cost-effective and flexible training approaches for students. The cloud computing-based e-learning technology further enables educational institutions to build a virtual environment for learners and educators. Thus, cloud technology is majorly implemented in the education sector, which is expected to contribute towards high segmental growth. The public cloud deployment model works well with companies with little privacy concerns. Amazon Elastic Compute Cloud (Amazon EC2), AWS (Amazon Web Services), Microsoft Azure, IBM Cloud, Google Cloud, Salesforce Heroku are a few examples of public cloud deployments.

Global E-learning Market