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E-Learning to Reach $1 Trillion Within 6 Years

Ed Tech Research & Trends

E-Learning to Reach $1 Trillion Within 6 Years

https://thejournal.com/articles/2021/06/08/elearning-to-reach-1-trillion-within-6-years.aspx

“The surge in distance learning during the COVID-19 pandemic is helping to drive staggering growth in the worldwide e-learning market.

As of 2020, the e-learning market was at $250 billion, according to market research firm Global Market Insights. That is expected to surge at a compound annual growth rate of 21% through 2027 to hit $1 trillion. That includes academic, corporate and government use of e-learning.

North America, primarily the United States, accounted for more than 35% of e-learning revenues, according to a 300-page report released by Global Market Insights. The Asia-Pacific market is expected to account for 26% over the forecast period.

“In the U.S. e-learning market, the service providers segment will expand at 17% CAGR during the forecast timespan. The availability of high-speed internet and the advent of the 5G network in the U.S. are providing lucrative opportunities for market players to adopt innovative technologies. [The advent of 5G] will enable service providers to improve learning through the incorporation of AR & VR technologies that require a high-speed internet connection for effective operation.”

Further details can be found on the Global Market Insights report highlight page.”

Posted on: June 10, 2021, 6:03 am Category: Uncategorized

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