Global Online learning platforms market to surpass USD 504.8 billion by 2030 from USD 205.3 billion in 2020 at a CAGR of 9.41% in the coming years, i.e., 2021-30. Due to the increased adoption of technologies such as AI, IoT, Big Data, amongst others, to render teaching and learning experience more productive and personalized, In the next ten years, the market will further promote the advantages of online learning platforms, such as adaptability, accessibility at all times and anywhere, and at a reduced price. In addition, technological developments, the growing use of smartphones, new product launches, and increased costs by major players are expected to boost market growth by 2030.
Online learning platforms or e-learning platforms are an online resource learning or training activity. E-learning is based on official schooling but is provided by a computer, mobile, and other portable devices. E-learning is a part of an emerging education system, but the borders between the two systems are fluctuating and address the needs of the two systems. In terms of education, there are two forms of formal and informal e-learning.
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Global Online learning platforms market: Key Players
- Aptara, Inc.
- Adobe Systems Inc.
- Meridian Knowledge Solutions
- Citrix Education
- CERTPOINT Systems Inc.
- Oracle Corporation
- Microsoft Corporation
- Cisco Systems Inc.
- Learning Pool
- SAP SE
- Other Prominent Players
Global Online learning platforms market: Segments
Corporate segment to grow with the highest CAGR during 2020-30
Global Online learning platforms market is segmented by Type into academic, corporate, and government. It is anticipated that corporate as a service sector will account for the largest part of the overall Online learning platforms market during the predicted timeline. In 2020 the corporate category took the greatest market share. Due to its frequent need for training and industry-relevant training for employees, companies are anticipated to remain dominant in the market over this projected period, leading to the option of different online learning platforms.
Virtual classroom segment to grow with the highest CAGR during 2020-30
Global Online learning platforms market is divided by technology into E-learning, learning management systems, application simulation tools, rapid e-learning, podcasts, and virtual classroom. Based on technology, by 2030, the virtual classroom category will account for the largest proportion of the global online learning industry. In the coming years, there will be strong growth in the virtual classroom segment, which lessens training costs and provides end-users embedded training and learning modules. Also, because of growing internet penetration and declining device and internet costs, the mobile learning segment is expected to grow at a strong rate.
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Increased investment on education
Education is seen in the majority of countries not only as a human right but also as the responsibility to guarantee access to basic training for residents and governments. The national governments also declare an immediate increase in investment in education to support the crisis in global education.
Lack of awareness regarding Online learning platforms existence
Many Enterprises are there which are not aware of the basics of the Online learning platforms which is estimated to hinder the growth of the Online learning platforms market. In addition, access to the internet has not penetrated all parts of the world thus hindering market growth.
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Global Online learning platforms market report also contains analysis on:
Online learning platforms Segments
- By Product Type
- By Technology Type
- Learning management system
- Application simulation tool
- Rapid e-learning
- Virtual classroom
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