United States eLearning Market, Size, Share, Forecast 2022-2027, Industry Trends, Growth, Outlook, Impact of COVID-19, Company Analysis
United States e-learning Market will grow with double digit CAGR of 12.5% during 2021-2027. Over the years, e-Learning has been a great way to experience the U.S. education system without leaving home and has become an essential part of the modern education system. It is the system of learning that relies on various electronic devices and (ICT) information and communication technology for delivering information. It provides information in image, video, text, image, and audio files through satellite broadcast, interactive TV, internet, and CD-ROM. E-learning offers personalization, saves time, and reaches a broader audience.
United States eLearning Market Size was US$ 59.52 Billion in 2021
The United States eLearning Market is mainly driven by the high adoption of Artificial Intelligence (AI) and Machine Learning (ML) solutions by various non-academic and academic institutions. Likewise, the growing usage of tablets, smart phones, and laptops due to the vast commoditization of technology and digitization of business processes is also driving the industry. Besides this, the utilization of the latest tools by companies and the presence of service providers to make the platforms more fascinating and interactive have boosted the adoption of e-learning platforms.
How COVID-19 has Immensely Benefited the United States eLearning Industry
COVID-19 pandemic is to positively impact the growth rate of the United States e-learning market, owing to the increase in adoption of digital technologies among various colleges, schools and universities and growing government support for improving e-learning platforms. The United States government has directed educational and non-educational institutions toward e-learning solutions for training and education purposes. Similarly, other organizations switch to virtual learning solutions to maintain social distancing.
United States E-Learning Industry will reach US$ 120.67 Billion by 2027
United States E-Learning Market by Learning Mode includes SPL (Self-Paced Learning) and ILT + Mixed (SPL+ILT). Instructor-led: learners are needed to be online at an agreeable one particular time. Whereas, self-paced: learners can plan their time for study and exams according to their convenience.
Based on segment, the United States e-learning market includes Corporate, Academic, and Government. The E-Learning market’s growth in the United States is majorly driven by the rise in the demand for learning techniques in academic sectors like Online K12 education, elementary school students, middle school students, high school students, vocational training, and higher education. The emergence of distance learning and e-learning courses programs has provided the American population easy access to education. The flexibility and functionality of e-learning courses have to lead to the further evolution of the learning landscape in the US. Similarly, E-learning services are utilized across the United States corporate (SMBs and Large enterprises) sector for executing training and other cooperative activities like project work and assignments.
Mobile Learning Technologies are Developing at a Rapid Pace in the United States
In terms of e-learning technologies, mobile learning technology has witnessed faster adoption in the United States e-learning market with the rapid use of smart phones. Many application-based learning media are being developed, allowing Smartphone users to gain insights into any topic in real-time. Some U.S educational institutes and universities build mobile applications that enable students to log in to the student outlet and access missed lectures.
Meanwhile, a few prominent mobile applications in the United States academic sectors are Remind, Photomath, Photomath, etc. Furthermore, the market developers offer a game-based application medium that is used for teaching children with the benefit of interactive animated videos and pictures. These technologies enable schools to enhance their IQ and students' logical & reasoning skills.
The United States e-learning market is fragmented with many players like Aptara Inc, Abode system Inc, Cornerstone Inc, Citrix Inc, Microsoft Corporation, McGraw-Hill Education, Pearsons, K12 Inc.
Renub Research report titled “United States E-Learning Market by Learning Mode (Self-Paced e-Learning Market and Instructor Led & mixed (SPL and ILT) E-Learning Market), Segment (Corporate E-Learning, Academic E-Learning and Government E-Learning), Corporate E-Learning Market , Type (Small & Medium Business (SMBs) and Large Enterprises), Academic E-Learning Market, Segment (K12 (Elementary School ,Middle School & High School) Vocational Training and Higher Education, Technology (Mobile , LMS (Learning Management Software) ,Virtual Class and Others) Company (Aptara Inc, Abode system Inc, Cornerstone Inc, Citrix Inc, Microsoft Corporation, McGraw-Hill Education, Pearsons, K12 Inc)” provides an all-encompassing analysis on the United States E-Learning Market.
Learning Mode - This report has been covered from 2 viewpoints
1. Self-Paced e-Learning (SPL)
2. Instructor-led & Mixed (SPL and ILT) E-Learning
Segments - This report has been covered from 3 viewpoints
1. Corporate E-Learning
2. Academic E-Learning
3. Government E-Learning
Corporate E-Learning Type – Sub – Segment has been covered from 2 viewpoints
1. Small & Medium Business (SMBs)
2. Large Enterprises
Academic Segments – Sub-segments has been covered from 6 viewpoints
2. Elementary School
3. Middle School
4. High School
5. Vocational Training
6. Higher Education
Technology – This report has been covered from 4 viewpoints
2. LMS (Learning Management Software)
3. Virtual Class
All the companies have been studied from 3 points.
• Business Overview
• Recent Developments & Strategy
• Sales Analysis
1. Aptara Inc
2. Abode system Inc
3. Cornerstone Inc
4. Citrix Inc
5. Microsoft Corporation
6. McGraw-Hill Education
8. K12 Inc
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