The e-learning refers to learning approach that can be delivered via internet, using electronic devices such as computer, mobiles and other digital devices. E-learning solution overcomes traditional classroom learning experience through online e-learning courses. It means that participants can learn at any time and any place around the world.
It is also beneficial for reducing costs associated with the training and development of employees without the need for travel and accommodation for them at a centralized location. Enterprises are widely adopting these online learning management systems enabling virtual learning that are ideal for employees in terms of convenience, coverage and cost effectiveness.
These innovative learning management systems utilizes cloud-hosted technology to enable online courses and study materials for all types of users such as individuals, corporates and professionals.
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COVID-19 Impact Analysis
The COVID-19 pandemic outbreak has created disruption in many industries, including the education sector. Many private as well as government organizations have allowed their employees to work from home amid the lockdowns, which has created need for providing online business training session for employee, which require e-learning solutions.
Moreover, the lockdowns across the world has forced many schools and universities to close which has disrupted classroom teaching and training practices. Hence, this has fueled the growth for online education and training solutions where the institutions are migrating to online tools for such new teaching methods.
The E-learning solution market is a multi-billion dollar market growing at a rate of 10% over the past few years. However, due to the COVID-19 impact and lockdown scenarios, the market is expected to grow by around 500 BPS in 2020 over 2019. Moreover, as the demand for cost-effective online learning techniques is growing, the market E-learning is expected to grow at significant rate in the next 5 years.
E-Learning Solutions Market: Drivers and Challenges
The demand for e-learning solutions is increasing for improving the skills, behavior, and performance of the workforce and also enhancing the efficiency of the organization. These e-learning solution assist in overcoming industry-specific training challenges to improve employee performance and organizational results.
Such e-learning solution offers different benefits such as easily manage large groups of people, update materials immediately without delay, and use it anytime and anywhere. The reliability of such benefits drives the e-earning solution market growth.
Besides their popularity, there are technical issues such as poor internet infrastructure, lack of reliability among the people for effectiveness of learning, which are big challenges for the E-learning market.
E-Learning Solutions Market: Competition Landscape
Some of the prominent players providing e-learning solutions are –
- G-Cube
- Oracle
- D2L Corporation
- Adobe Systems, Inc.
- Allen Interactions, Inc.
- SAP SE, among others.
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E-Learning Solutions Market: Regional overview
Based on the region, the trends of the e-learning solutions market fluctuate across various geographical regions. The e-learning solutions market includes a leading share in many countries of Asia-Pacific, North America, and the rest of the world. On the basis of geography, North America is expected to capture the most significant e-learning solutions market share, owing enterprises are now shifting to eLearning for better results and convenience of use, in the region.
The e-learning solutions market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
E-Learning Solutions Market: Segmentation
The e-learning solutions market has been segmented on the basis of solution, deployment, industry, and region.
The e-learning solutions market is segmented on the basis of solution:
- E-Learning platform
- Services
- Content Optimization
- Consulting Services
- Support Services
The e-learning solutions market is segmented on the basis of deployment:
- Cloud
- On-premises
The e-learning solutions market is segmented on the basis of industry:
- IT & Telecommunication
- Government
- Retail
- Healthcare
- Education
- Financial Services
- Others
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