E-Learning Market Is Booming Worldwide |Apollo Education Group, Aptara, Articulate, Citrix, City & Guilds, Saba Software, Skillsoft
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
2. Apollo Education Group
7. City & Guilds
8. Cornerstone OnDemand
11. Saba Software
Instances validating the increasing penetration of e-learning tools include the CityCab's launch of web-based training programs to provide linguistic training to taxi drivers in order to improve their communication with the commuters. Another such move was recorded when Infosys Ltd. entered in an agreement with three firms including Udacity Inc., EdX Inc., and Coursera Inc., to train their personnel on Artificial Intelligence via e-learning tools. Reportedly, The Indian Department of Electronics and Information Technology is also embracing e-learning centered research and development activities in some of the renowned institutions including IIT and C-DAC.
The advancements in e-learning market has not only disrupted the corporate sector, but have also impacted the government sector to a vivid extent. On account of growing benefits of implementing eLearning tools, governments of various emerging economies such as India and Brazil, have undertaken several initiatives to widen the scope of such technologies to penetrate in the untapped areas. Reportedly, the Indian Department of Electronics and Information Technology is embracing eLearning centered research and development activities in renowned educational institutes such as IIT and C-DAC across the country.
Speaking of the developed economies, the extensive proliferation of digital technologies in these regions have garnered phenomenal proceeds for eLearning market trends. With U.S. at the forefront, North America is expected to hold a major chunk of the global eLearning industry share. The region is witnessing extensive adoption of m-learning and e-learning tools, owing to rising corporate training programs, high application of advanced technologies, video content, and gamification. Indeed, estimates claim that North America held an appreciable 40% of the overall e-Learning market share in 2018.
However, taking into consideration the future scope, Latin America is claimed to be the upcoming hotspot for e-Learning market stakeholders. A major factor that is proliferating the growth of eLearning technology in the region is the growing initiatives taken by the regional government with regards to providing educational & linguistic courses and training programs via e-learning tools. Moreover, the fact that distance learning is witnessing growing traction in Brazil with the country permitting the local students to avail courses & education from renowned institutions, is also providing a massive boost to the regional e-learning market trends.
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The global e-Learning market is characterized by high degree of fragmentation and involves greater participation of key as well as the niche market players. The rapid growth of interactive tools and meteoric shift toward technology-centric learning have created huge opportunities as well as challenges for the global leaders to develop more innovative techniques and solutions. Prominent industry players participating in the competitive hierarchy of eLearning market include Apollo Education Group, McGrawHill, Oracle Corp, Desire2Learn, HealthStream, Coursera Inc., SAP, Adobe systems, Cisco Systems, and Pearson. Further analyzing the future scope, industry analysts project eLearning market remuneration to hit a massive USD 300 billion by 2025.
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