Tue. Jan 25th, 2022

Increasing internet penetration coupled with the growing number of smartphone users to drive the growth of the global online learning platforms market

According to TechSci Research report, “Global Online Learning Platforms Market,  is expected to witness significant growth during the forecast period on account of the increasing demand for adaptive learning. Additionally, increasing expenditure and initiatives by various governments around the world to support online education is further expected to propel the growth of the market during the next few years. Furthermore, the growing preference among the working professionals for continuous learning to scale up more career opportunities and growth in the number of smartphone users is anticipated to foster the growth of the market during the forecast period. However, lack of awareness especially in the developing world pertaining to online learning platforms is expected to hamper the growth of the market during the next few years. Additionally, slow internet and poor network connection can hinder the growth of the market until 2025. Furthermore, a lack of peer-to-peer interaction can restrict the growth of the market during the forecast period.

Online Learning Platforms Market

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The global online learning platforms market is segmented based on type, deployment mode, vendor, learning mode, learning type, technology, end-user, company, and region. Based on type, the market can be categorized into academic, corporate, and government. The academic segment is expected to dominate the market during the forecast period.

This can be attributed to the increasing tuition fees and growing interest rates on education loans which is shifting the trend towards online education. On the contrary, the corporate segment is expected to witness significant growth during the forecast period owing to the regular need to upskill and provide industry-relevant training to the staff and employees therefore the corporates opt for various online learning platforms. Based on the vendor, the market can be bifurcated into content provider and service provider.

The content provider segment is expected to dominate the market over the next few years owing to the increasing demand for course materials to train or educate employees or students. Based on learning mode, the market can be divided into self-paced and instructor-led. The self-paced segment is expected to dominate the market during the forecast period. This can be ascribed to the growing awareness among work professionals to enhance skill-based proficiency. Based on technology, the market can be fragmented into mobile E-learning, learning management systems, application simulation tools, rapid e-learning, podcasts, virtual classroom, and others. The learning management system segment is expected to dominate the market since it reduces training expenses and offers integrated training and learning modules to the end-users.

The mobile E-learning segment is expected to grow during the forecast years on account of the increasing internet penetration and decline in device and internet cost. Based on end-users, the market can be categorized into individuals, higher education institutions, K-12 schools, enterprises, and others. The enterprise’s segment holds a significant market share owing to the high adoption of online learning due to the increased demand for effective training courses for employees. The higher education institutions segment is expected to dominate the market over the next few years attributable to the availability of many universities offering post-graduate and certification courses online.

Cisco Systems Inc, Oracle Corporation, Microsoft Corporation, Adobe Systems Inc., SAP SE, Allen Interactions Inc., Apollo Education Group, Aptara, Inc., Articulate, CERTPOINT Systems Inc., Citrix Education, City & Guilds Group, Cornerstone, D2L Corporation, Intuition Publishing, Kallidus Ltd, Learning Pool, Meridian Knowledge Solutions, Saba Software, Skillsoft, and others are some of the leading players operating in global online learning platforms market.

The companies operating in the market are using organic strategies such as product launches, mergers, and collaborations to boost their share.

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“Asia-Pacific is expected to witness significant growth in the online learning platforms market during the forecast period, owing to the increasing internet penetration and increasing per capita income in the region. Also, increasing investments by key players in the region is further anticipated to spur the market in APAC,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Global Online Learning Platforms Market has evaluated the future growth potential of global online learning platforms market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global online learning platforms market.

 

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