Blog

• Admin
• 0 Comment
• LinkedIn
• Twitter
• Instagram

eLearning market projections

Introduction

The eLearning market is expected to grow significantly in the coming years as more and more learners and organizations turn to online learning solutions. The Global eLearning Corporate Compliance Training Market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2028. In 2021, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

The global eLearning Corporate Compliance Training market size was valued at USD 4404.68 million in 2024 and is expected to expand at a CAGR of 12.3% during the forecast period, reaching USD 8833.45 million by 2028.

According to The Business Research Company’s market research, the eLearning market is projected to experience substantial growth in the coming years. The global eLearning market size is expected to grow from $245.5 billion in 2024 to $278 billion in 2023, at a CAGR of more than 13%. By 2027, the market is projected to reach $462.6 billion, growing at a CAGR of more than 13%. North America was the largest region in the global eLearning market report in 2024.

The COVID-19 pandemic has accelerated the adoption of remote learning practices, which is expected to drive the growth of the eLearning market in the future. Remote learning involves the use of technology such as video conferencing, virtual examinations, and discussion boards to facilitate distance learning. This has allowed students and teachers to stay connected and engaged with the curriculum while working from home.

For example, in the United States, the National Council for State Authorization Reciprocity Agreements (NC-SARA) reported a 93% increase in distance education enrolment from fall 2019 to fall 2020, with 2,201 SARA schools reporting more than 5.8 million students enrolled solely in distant education.

Innovative technologies such as artificial intelligence, augmented reality, gamification, big data, and mixed reality are being developed by major companies to sustain their position in the market. Skilldora Inc., a US-based ed-tech startup, partnered with D-ID, an Israel-based information technology company, to introduce an eLearning platform and app in the United States that uses AI instructors.

Here are some projections for the eLearning market from 2024 to 2030 based on various reports:

• The global eLearning market is expected to continue its growth trajectory and reach a market size of $404 billion by 2025, growing at a CAGR of 15% from 2021 to 2025. (Source: Technavio)
• The corporate eLearning market is expected to continue to grow and reach $64 billion by 2030, growing at a CAGR of 10% from 2021 to 2030. (Source: ResearchAndMarkets)
• The online higher education market is expected to grow at a CAGR of 10.28% during the period 2020-2030. (Source: Technavio)
• The mobile learning market is expected to reach $165.36 billion by 2030, growing at a CAGR of 21.5% from 2021 to 2030. (Source: MarketsandMarkets)
• The self-paced eLearning market is expected to reach $41.36 billion by 2030, growing at a CAGR of 5.4% from 2021 to 2030. (Source: MarketsandMarkets)

Overall, it’s evident that the eLearning market will continue to grow at a significant pace in the coming years, driven by factors such as the increasing adoption of online learning solutions, technological advancements, and the rising demand for upskilling and reskilling.