E-Learning Market size likely to exceed revenue of USD 240 billion by 2023

1
E-Learning Market size likely to exceed revenue
of USD 240 billion by 2023, at 5 CAGR from 2016
to 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of E-Learning Market

• North America may witness substantial growth
  owing to U.S. being the major region for adoption
  of these services and it is projected to exhibit
  significant growth prospects from 2016 to 2023.
• Asia Pacific, particularly the India e-learning
  market size is estimated to exhibit highest
  growth, more than 17, and is anticipated to play
  a key role in the global industry. This can be
  attributed to increasing regulatory initiatives
  such as government funded literacy development
  projects in small villages and rural areas. This
  measure is forecast to drive the industry demand
  in the region. Sales were valued at USD 5.2
  billion in 2011 and close to USD 10 billion by
  the end of 2015, with major generation from
  package content sales. Furthermore, lack of
  quality education along with affordability as
  well as convenience factors in the region might
  propel the industry demand over the forecast
  timeframe.

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• Application Analysis of E-Learning Market
• Technology obsolescence along with change
  management are the factors anticipated to hamper
  the industry demand. Vendor-developer
  partnerships might pose numerous industry
  challenges from 2016 to 2023. Need of highly
  developed IT infrastructure is likely to pose a
  challenge to the industry demand for these
  services. Escalating demand accompanied by rising
  awareness for distance learning is likely to
  provide potential growth avenues to the numerous
  industry participants. In addition, advent of
  these services on tablets is anticipated to fuel
  the demand for the service over the forecast
  period.
• The industry can be segregated based on
  technology, product and vendors. Corporate and
  academic e-Learning are the types of product
  encapsulating product segment. Based on vender,
  the industry can be segregated into service
  providers and content providers. On the basis of
  technology.

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Competitive Market Share of E-Learning Market

• Key industry participants in e-learning market
  share include encapsulate Apollo Education Group,
  Adobe systems, Cisco Systems, HealthStream, SAP,
  Citrix, McGrawHill, Oracle, Aptara, Cornerstone
  On Demand, Edmodo, NetDimensions, Saba Software,
  Schoology, Desire2Learn, Skillsoft, SumTotal
  Systems, Microsoft, Blackkboard, Pearson and
  Skill Soft.

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