Research Report: Academic E-Learning Market (2020-2024)|Launch Of New Online Degrees to Boost the Market Growth
Technavio has been monitoring the academic e-learning market and it is poised to grow by $ 72.41 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Academic E-Learning Market 2020-2024 (Graphic: Business Wire)
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Increasing adoption of paid open source LMS is a major trend driving the growth of the market.
The year-over-year growth for 2020 is estimated at 10.17% and the incremental growth of the market is anticipated to be $ 72.41 bn.
Ambow Education Holding Ltd., D2L Corp., Instructure Inc., MPS Ltd., New Oriental Education and Technology Group Inc., NIIT Ltd., Pearson Plc, Providence Equity Partners LLC, TAL Education Group, and Think & Learn Pvt. Ltd., are some of the major market participants.
The launch of new online degrees is one of the major factors driving the market.
The North America region will contribute 40% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ambow Education Holding Ltd., D2L Corp., Instructure Inc., MPS Ltd., New Oriental Education and Technology Group Inc., NIIT Ltd., Pearson Plc, Providence Equity Partners LLC, TAL Education Group, and Think & Learn Pvt. Ltd. are some of the major market participants. The launch of new online degrees will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Academic E-Learning Market is segmented as below:
- North America
- South America
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academic e-learning market report covers the following areas:” data-reactid=”45″>Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The academic e-learning market report covers the following areas:
- Academic E-Learning Market Size
- Academic E-Learning Market Trends
- Academic E-Learning Market Industry Analysis
This study identifies the increasing adoption of paid open source LMS as one of the prime reasons driving the academic E-Learning market growth during the next few years.
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