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The Academic E-learning Market size is estimated to grow by USD 147.89 billion at a CAGR of 17.5% between 2022 and 2027. The need for thrust reversers to tackle adverse climatic conditions during landing is essential for ensuring the safety and efficiency of aircraft operations. Technical advancements in thrust vector control systems are improving the performance and maneuverability of aircraft, driving demand for more advanced systems. The increasing demand for newer-generation aircraft, which offer improved fuel efficiency, lower emissions, and enhanced passenger comfort, is also driving market growth in the aviation sector.
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This report extensively covers market segmentation by deployment (on-premises and cloud-based), end-user (higher education and k12), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
North America is estimated to contribute 35% to the growth of the global academic E-learning market industry during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The e-learning model is increasingly adopted in North America as it is seen as a learning process and a medium where students use new technologies. Companies are investing in new technologies to provide increased flexibility in the academic sector. Therefore, students can learn using technological tools while exploring a virtual learning environment. The Florida virtual school is an online school built for personalized learning that can be accessed by public, private, and homeschooled students for K-12 education. Many universities in the region have launched online degree microlearning, and the adoption of m-learning will be the key trend in the region during the forecast period.
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Based upon deployment market share growth of the on-premise segment will be significant during the forecast period. One of the primary drivers for the on-premises e-learning solutions segment is end-to-end quality control and data security capabilities. As servers containing academic e-learning modules are completely owned and managed by the buyer's educational institution, the data is more secure as compared with a public cloud-based solution. In addition, in most cases, servers containing the e-learning modules are essentially located within educational institutions, which eliminates the need for the Internet to access e-learning modules by students.
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The on-premise segment was valued at USD 30.95 billion in 2017. As on-premises academic e-learning modules can be completely purchased and acquired by schools, colleges, and universities, they can be readily customized according to the needs and requirements of the organization. Therefore, educational institutions can decide to include or exclude any module from their e-learning solutions. However, challenges like high implementation time, maintenance cost, and limited scalability may slow down market growth.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
WhiteHat Education Technology Pvt ltd - The company offers academic e-learning such as coding and programming. Through the e-learning segment, the company offers various online courses for coding, which are oriented towards coding and programming.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing a transformative shift driven by advancements in AI, machine learning, and IoT devices. As internet and smartphone penetration continues to rise, e-learning has become more accessible. Traditional learning methods are being replaced by innovative technologies that offer flexibility and convenience. Cloud-based platforms and mobile learning technologies are reshaping the education sector, allowing students to access educational content anytime, anywhere. This trend is revolutionizing content delivery modes and bandwidths, leading to a more interactive and engaging learning experience. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market growth is primarily driven by the introduction of new online degree programs. With the increasing popularity and adoption of online learning, educational institutions worldwide are expanding their programs to offer online degrees. This expansion aligns with the growing trend of e-learning and takes advantage of the widespread internet access and smartphone penetration. Mobile learning technologies are also becoming more prevalent, offering flexible content delivery modes that cater to the needs of learners using smartphones. For example, the University of the Arts London introduced 30 new online and low-residency degrees in June 2021, while the University of Sydney partnered with 2U in February 2022 to provide four online postgraduate degrees, including a Master of Data Science and a Master of Project and Program Management. The introduction of these new online degree programs, both at the undergraduate and postgraduate levels, is expected to boost online course enrollments in the coming years, driving the market's growth.
The primary trend in the market is the emergence of HTML5 as the main programming language for content authoring. This shift was prompted by YouTube's replacement of Flash with HTML5 in 2015 and the refusal of companies like Apple, Facebook, and SAP to support Adobe Flash Player. HTML5 is now preferred by content developers due to its mobile-friendliness, adaptability to various screen sizes, and ability to create smart meta tags to optimize e-learning courses for mobile devices. Additionally, HTML5 offers offline storage capabilities, enabling learners to download and access e-learning courses without an internet connection. Thus, the adoption of HTML5 authoring tools by content developers is expected to be a key trend in the market, particularly with the increasing penetration of smartphones and mobile learning.
The primary obstacle hindering the growth of the market is the high cost of developing e-learning courses. The process of developing and designing academic e-learning courses involves various expenses, such as consultation with subject matter experts for content creation, designing visual and lecture content, and developing practical assessments. Additionally, the cost of creating and deploying e-learning content over the internet further increases the overall development cost.
On average, the production cost of online course content per hour amounts to approximately USD 18,000. Moreover, academic e-learning courses need to be regularly updated to keep up with evolving technologies and market trends and to remain competitive in the growing market. Additionally, developing academic e-learning courses to cater to diverse target learners incurs significant costs for developers. Thus, the high cost associated with e-learning may impede the growth of the targeted market during the forecast period.
The market research report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027.
The market is witnessing significant growth driven by advancements in AI and cognitive learning technologies and the widespread adoption of artificial intelligence. Institutions are leveraging cloud computing and cloud infrastructure for continuous product innovation and cost-cutting measures. The market is addressing cybersecurity attacks and ensuring the protection of confidential data while enhancing connectivity through platforms. With a focus on global e-learning, the market offers digital textbooks, digital universities, and online language learning platforms to cater to remote areas and facilitate seamless connectivity. Smart classrooms equipped with smartboards and VR and AR applications enhance learning and development with quality educational content and virtual reality technology.
The market is evolving with the integration of attendance tracking and augmented reality to enhance connectivity-enhancing platforms for corporate learning. Data analytics drive insights into the education system for future opportunities in the global e-learning market. Solutions are tailored to meet functional and vocational expertise with a focus on learning avenues and materials. Localization and language proficiency are prioritized, aided by language translation and interpretation services. Paperless classrooms and streaming webinars facilitate remote working and telecommuting, while technological infrastructure supports user base growth and workforce training in organizations for strong workforce skills.
Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 17.5% |
Market growth 2023-2027 |
USD 147.89 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
16.99 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
51Talk English International Inc., Ambow Education Holding Ltd., Berlitz Corp., Cornerstone OnDemand Inc., D2L Corp., EF Education First Ltd., inlingua International Ltd., Instructure Holdings Inc., LearnWorlds CY Ltd., MPS Ltd., NIIT Ltd, Pearson Plc, Providence Equity Partners LLC, SAI Global Pty. Ltd., Sanako Oy, TAL Education Group, Teachable, Inc, Udemy Inc, VIPKID HK Ltd., and WhiteHat Education Technology Pvt ltd |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Deployment
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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