According to IMARC Group’s latest report, titled “”, the market size reached US$ 56.6 Billion in 2021. E-learning refers to an education system that is based on formalized teaching. It incorporates electronic devices, software, animation, text, video and audio, internet, satellite broadcast, and interactive television to facilitate learning. E-learning offers self-paced and personalized learning environment, while enabling students to select from a diverse range of specially designed courses. As compared to conventional learning methods, e-learning is more cost-effective as it provides online access to learning materials, thereby eliminating geographical obstacles.
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The Asia Pacific e-learning market is majorly being driven by rapid digitization in the education sector and the growing consumer inclination toward interactive learning solutions. This is further supported by the easy internet connectivity and proliferation of the internet of things (IoT)-based smart devices that are incorporated with virtual reality (VR), artificial intelligence (AI), augmented reality (AR), and other advanced technologies. These assistive e-learning solutions are proving to be beneficial, especially for students with special needs, which is acting as a growth-inducing factor. Additionally, governmental authorities across the region have been investing in the construction of a modern education system and programs to provide quality education to children, particularly during the coronavirus disease (COVID-19) pandemic. This, in turn, is catalyzing the market growth. Looking forward, IMARC Group expects the Asia Pacific e-learning market to reach US$ 126 Billion by 2027, exhibiting a growth rate (CAGR) of 14.13% during 2022-2027.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
- Online E-Learning
- Learning Management System
- Mobile E-Learning
- Rapid E-Learning
- Virtual Classroom
- Higher Education
- Vocational Training
- Small and Medium Enterprises
- Large Enterprises
- South Korea
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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