E-Learning Market to grow at 5% CAGR from 2017 to 2024

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E-Learning Market to hit 200bn by 2024 Global
Market Insights Inc.
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Key Insights from E-Learning Market

• eLearning Market size is set to exceed USD 200
  billion by 2024 according to a new research
  report by Global Market Insights, Inc.
• A major factor contributing to the high growth of
  the e-learning market is the rising shift towards
  flexible education solutions in the corporate and
  the academic sector. These solutions allow
  students and employees operating in a range of
  verticals such as healthcare, BFSI, information
  and telecommunication to have access to quality
  training but are dispersed over a large
  geographical area. The rapid scale of
  globalization has necessitated the need for
  language and sensitivity learning. MNCs are
  moving their employee base to foreign locations,
  leading to the increase in demand for these
  services. Furthermore, the government of various
  organizations, such as India, China, and Japan
  are aiming at improving the literacy of the
  general population, primarily in rural and
  semi-rural locations that have very limited
  access to schooling and educational
  infrastructure.

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Continued...

• eLearning apps can be operated from a range of
  devices and are not restricted to only a single
  system. Additionally, these solutions are highly
  customized to cater to the varying learning
  capabilities of the user. The high penetration of
  the internet on a global scale has increased the
  availability of authoring and design tools,
  making it easier and inexpensive to develop the
  apps and is a major factor promoting the growth
  of the e-learning market. The Adobe Presenter 11,
  for instance, is an e-learning development tool
  that enables to turn Power Point presentations
  into materials that can be visually presentable
  and accessed by the organizations online learner
  community.
• The large enterprise segment of the e-learning
  market is anticipated to grow as they have
  substantial financial resources to enter into
  partnerships with the online course providers to
  train their employee base on a range of
  parameters such as technical, management, and
  language skills. For instance, in August 2017,
  Infosys entered into a partnership with Udacity
  for the provision of nanodegrees and training to
  their employees.

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Continued...

• The rising trend of BYOD among corporate bodies
  is aiding in the growth of the e-learning market
  as it allows users to access training on their
  devices without time restrictions. Online
  e-learning is projected to experience a high
  growth as the online platform collect data on a
  real-time basis and are readily available at very
  low, subscription costs. They also reduce the
  need for commuting to other locations.
• The Latin America e-learning market is
  anticipated to experience growth in the following
  years with the rising demand in countries
  including Brazil, Mexico and Argentina. This is
  mainly attributed to the high emphasis by the
  governments on providing education on technical
  and English courses on e-learning courses.
  Distance learning is gaining traction in the
  Brazilian market as it permits students in the
  region to avail courses from renowned
  institutions. For instance, MIT offers distance
  learning courses to the Brazilian student base
  with provision of online course material and
  video content.
• Players operating in the global e-learning market
  include Edmodo, Skillsoft, Saba Software,
  NetDimensions, Oracle, Udacity Inc, Coursera, and
  Aptara.

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Global E-Learning Market Size, By Application,
2016 and 2024 (USD Billion)

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Industry Coverage

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360 Analysis

• By Technology
• Online solutions continuously collect the user
  information and gives a customized feedback of
  the users performance. Furthermore, the students
  can immediately connect to a tutor or service
  provider in case of any issues. Mobile e-learning
  market segment is anticipated to witness growth
  owing to the increase flexibility and the ability
  to access from multiple devices.
• By Application
• The corporate e-learning market can be segregated
  by size to include SMBs and large institutions.
  This software allows the organization to train
  their employee base in a variety of areas,
  ranging from sensitivity to technical skill
  training.
• Availability of online tools by subscription
  basis can aid in the design and development of
  the software applications, allowing SMBs having
  limited resources to access premium content at
  very low rates. Vendors operating globally are
  increasingly providing software and apps that can
  work effectively on a range of mobile platforms
  such as Android and iOS.
• Competitive Market Share
• Players operating in the global e-learning market
  include Edmodo, Skillsoft, Saba Software,
  NetDimensions, Oracle, Udacity Inc, Coursera, and
  Aptara.

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