Self-paced E-learning Market by Product and Geography - Forecast and Analysis 2020-2024

  • Published: Oct 2020
  • Pages: 120
  • SKU: IRTNTR45320
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The self-paced e-learning market size has the potential to grow by USD 6.71 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (packaged content and services) and geography (North America, APAC, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 2U Inc., City & Guilds Group, D2L Corp., Houghton Mifflin Harcourt Co., Instructure Inc., John Wiley & Sons Inc., NIIT Ltd., Pearson Plc, Providence Equity Partners LLC, and Think & Learn Pvt. Ltd.

Market Overview

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Market Competitive Analysis

The market is fragmented. 2U Inc., City & Guilds Group, and D2L Corp. are some of the major market participants. Although the increasing adoption of online learning will offer immense growth opportunities, the increasing number of free online courses will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this self-paced e-learning market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this self-paced e-learning market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • 2U Inc.
  • City & Guilds Group
  • D2L Corp.
  • Houghton Mifflin Harcourt Co.
  • Instructure Inc.
  • John Wiley & Sons Inc.
  • NIIT Ltd.
  • Pearson Plc
  • Providence Equity Partners LLC
  • Think & Learn Pvt. Ltd.

Self-paced E-learning Market: Segmentation by Geography

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North America was the largest self-paced e-learning market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising number of enrollments in both online learning courses and in self-paced distance learning courses will significantly drive self-paced e-learning market growth in this region over the forecast period. Moreover, North America is one of the early adopters of modern technologies and has a tech-savvy population where most people are aware of the various educational technologies and the know-how to use these technologies. This factor is also supporting the market growth.

38% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for self-paced e-learning solutions in North America. Market growth in this region will be faster than the growth of the market in other regions.

Self-paced E-learning Market: Segmentation by Product

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The global self-paced e-learning market by packaged content is expected to record a steady growth rate during the forecast period. The major factors that support the growth of the market include the increasing demand for effective, contextualized, and precise content from both students and employees. This report provides an accurate prediction of the contribution of all the segments to the growth of the self-paced e-learning market size.

Self-paced E-learning Market: Key Drivers and Trends

The increasing adoption of online learning is one of the major factors driving market growth. The growing adoption of online learning in both developed and developing economies is driving the growth of the self-paced e-learning market. The online mode of learning provides several benefits, which attract various end-users ranging from institutional to individual learners. The benefits offered include flexibility of timeless and increased accessibility coupled with the ease of integration with various support solutions such as LMS and ERP. To optimize the process, the schools and universities offer their courses online and also offer online tools.

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Self-paced E-learning Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive self-paced e-learning market growth during the next five years
  • Precise estimation of the self-paced e-learning market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the self-paced e-learning industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of self-paced e-learning market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The self-paced e-learning market growth will increase by $6712.46 million during 2019-2024.
The self-paced e-learning market is expected to grow at a CAGR of 2.61% during 2019-2024.
Technavio has segmented the self-paced e-learning market by product (Packaged content and Services) and geographic (North America, APAC, Europe, South America, and MEA).
2U Inc., City & Guilds Group, D2L Corp., Houghton Mifflin Harcourt Co., Instructure Inc., John Wiley & Sons Inc., NIIT Ltd., Pearson Plc, Providence Equity Partners LLC, Think & Learn Pvt. Ltd. are a few of the key vendors in the self-paced e-learning market.
North America will register the highest growth rate of 37.55% among the other regions. Therefore, the self-paced e-learning market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the self-paced e-learning market growth are:
  • Availability of subject proficiency assessments and certifications
The self-paced e-learning market vendors should focus on grabbing business opportunities from the packaged content segment as it accounted for the largest market share in the base year.
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