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Academic e-learning market to grow at a CAGR of 17.5% by 2027, Launch of new online degrees to boost the market - Technavio

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The global academic e-learning market is projected to grow by USD 147.89 billion from 2022 to 2027, with a CAGR of 17.5%. North America is expected to be the leading region, contributing 35% to market growth. Key drivers include the launch of new online degrees by institutions, enhancing enrollment rates. The shift towards HTML5 for content creation is also a significant trend. However, the high development costs of e-learning courses pose a major challenge to market expansion. The report covers historic market data from 2017 to 2021 and provides insights into growth opportunities and competitive landscapes.

Positive
  • Market projected to grow by USD 147.89 billion from 2022 to 2027.
  • CAGR of 17.5% indicates strong growth momentum.
  • North America to account for 35% of market growth.
  • Launch of new online degrees driving enrollment and market growth.
  • Emergence of HTML5 as the main programming language enhancing course accessibility.
Negative
  • High development costs associated with e-learning courses may slow market growth.

NEW YORK, Feb. 23, 2023 /PRNewswire/ -- According to Technavio, the global academic e-learning market size is estimated to grow by USD 147.89 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 17.5% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 35% of the market's growth. The report also includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 55.57 billion. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the historic market data from 2017 to 2021 Request a sample report

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Academic e-learning market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on deployment (On-premises and Cloud-based), and end-user (Higher education and K12).

  • The on-premise segment by deployment will grow at a significant rate during the forecast period. End-to-end quality control and data security capabilities are driving the growth of the on-premises e-learning solutions segment. Servers that contain academic e-learning modules are owned and managed by the buyer's educational institution. As a result, the data is more secure when compared to a public cloud-based solution. In addition, servers containing e-learning modules are located within educational institutions, which enables easy access to e-learning modules. Such factors will increase the market growth during the forecast period.

Geography Overview
By geography, the global academic e-learning market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global academic e-learning market.

  • North America is estimated to account for 35% of the growth of the global market during the forecast period. The e-learning model is considered a learning process wherein students can use new technologies, which is increasing its adoption in the region. Moreover, companies are investing in new technologies. Therefore, students can learn using advanced technologies while exploring a virtual learning environment. Many universities in the region have launched online degree microlearning, and the adoption of m-learning will be the key trend in the region during the forecast period.

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Academic e-learning market – Market Dynamics
Key factor driving market growth

  • The launch of new online degrees is driving the market growth.
  • Academic institutions globally are launching online degrees, with the growing acceptance and enrollment of online courses.
  • For instance, in June 2021, the University of the Arts London launched 30 new online and low-residency degrees.
  • Similarly, in February 2022, the University of Sydney partnered with 2U to offer four online postgraduate degrees.
  • Thus, the growing enrollment of online courses is anticipated to fuel the growth of the market during the forecast period.

Leading trends influencing the market 

  • The emergence of HTML5 as the main programming language for content authoring is the primary trend in the market. 
  • With the increasing penetration of smartphones and mobile learning, content developers in the industry prefer Hypertext Markup Language 5 (HTML5) to Adobe Flash Player. 
  • HTML5 is mobile-friendly. By using HMTL5 authoring tools, e-learning service providers can adapt their courses to various screen sizes and create smart meta tags to optimize their e-learning courses for mobile devices.
  • HTML5 offers offline storage so that learners can download the e-learning course and access it without the Internet. Hence, the adoption of the HTML5 authoring tool by content developers will be a key trend in the market.

Major challenges hindering market growth

  • High development cost associated with e-learning courses is challenging the market growth.
  • The development and design costs of academic e-learning courses include consultation with SMEs on content creation, designing lecture and visual content, and development of practical assessments.
  • Academic e-learning courses should be updated on a regular basis to keep up with the latest trends. Moreover, developing academic e-learning courses for different target learners is also expensive.
  • Therefore, the high cost associated with e-learning is expected to slow down the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses- Find some insights from a sample report!

What are the key data covered in this academic e-learning market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the academic e-learning market between 2023 and 2027
  • Precise estimation of the size of the academic e-learning market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the academic e-learning market across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of academic e-learning market vendors

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The e-learning market is estimated to grow at a CAGR of 16.35% between 2021 and 2026. The size of the market is forecasted to increase by USD 1.72 trillion. This report extensively covers market segmentation by end-user (Higher education, Corporate, and K-12) and geography (APAC, MEA, North America, South America, and Europe).

The e-learning market size in the UK is expected to increase by USD 11.57 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 15.27%. This report extensively covers market segmentation by product (packaged content and solutions) and end-user (K-12, higher education, and corporate). 

Academic E-Learning Market Scope

Report Coverage

Details

Page number

161

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 17.5%

Market growth 2023-2027

USD 147.89 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

16.99

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, Canada, China, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

51Talk English International Inc., Ambow Education Holding Ltd., Berlitz Corp., Cornerstone OnDemand Inc., D2L Corp., EF Education First Ltd., inlingua International Ltd., Instructure Holdings Inc., LearnWorlds CY Ltd., MPS Ltd., NIIT Ltd, Pearson Plc, Providence Equity Partners LLC, SAI Global Pty. Ltd., Sanako Oy, TAL Education Group, Teachable, Inc, Udemy Inc, VIPKID HK Ltd., and WhiteHat Education Technology Pvt ltd

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global academic e-learning market 2017 - 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global academic e-learning market 2017 - 2021 ($ billion)
  • 4.2 Deployment Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Deployment Segment 2017 - 2021 ($ billion)
  • 4.3 End-user Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Deployment

  • 6.1 Market segments
    • Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)
  • 6.2 Comparison by Deployment 
    • Exhibit 32: Chart on Comparison by Deployment
    • Exhibit 33: Data Table on Comparison by Deployment
  • 6.3 On-premises - Market size and forecast 2022-2027 
    • Exhibit 34: Chart on On-premises - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 35: Data Table on On-premises - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 36: Chart on On-premises - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on On-premises - Year-over-year growth 2022-2027 (%)
  • 6.4 Cloud-based - Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Cloud-based - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 39: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 40: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Deployment 
    • Exhibit 42: Market opportunity by Deployment ($ billion)

7 Market Segmentation by End-user

  • 7.1 Market segments
    • Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
    • Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)
  • 7.2 Comparison by End-user 
    • Exhibit 45: Chart on Comparison by End-user
    • Exhibit 46: Data Table on Comparison by End-user
  • 7.3 Higher education - Market size and forecast 2022-2027 
    • Exhibit 47: Chart on Higher education - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 48: Data Table on Higher education - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 49: Chart on Higher education - Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Higher education - Year-over-year growth 2022-2027 (%)
  • 7.4 K12 - Market size and forecast 2022-2027 
    • Exhibit 51: Chart on K12 - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 52: Data Table on K12 - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 53: Chart on K12 - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on K12 - Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by End-user 
    • Exhibit 55: Market opportunity by End-user ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 59: Chart on Geographic comparison
    • Exhibit 60: Data Table on Geographic comparison
  • 9.3 North America - Market size and forecast 2022-2027 
    • Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.4 Europe - Market size and forecast 2022-2027 
    • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.5 APAC - Market size and forecast 2022-2027 
    • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027 
    • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027 
    • Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 China - Market size and forecast 2022-2027 
    • Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.10 India - Market size and forecast 2022-2027 
    • Exhibit 89: Chart on India - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 90: Data Table on India - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 91: Chart on India - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on India - Year-over-year growth 2022-2027 (%)
  • 9.11 Germany - Market size and forecast 2022-2027 
    • Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.12 Canada - Market size and forecast 2022-2027 
    • Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
    • Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
    • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
    • Exhibit 104: Overview on factors of disruption
  • 11.4 Industry risks
    • Exhibit 105: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered
    • Exhibit 106: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 107: Matrix on vendor position and classification
  • 12.3 Ambow Education Holding Ltd. 
    • Exhibit 108: Ambow Education Holding Ltd. - Overview
    • Exhibit 109: Ambow Education Holding Ltd. - Business segments
    • Exhibit 110: Ambow Education Holding Ltd. - Key news
    • Exhibit 111: Ambow Education Holding Ltd. - Key offerings
    • Exhibit 112: Ambow Education Holding Ltd. - Segment focus
  • 12.4 Berlitz Corp.
    • Exhibit 113: Berlitz Corp. - Overview
    • Exhibit 114: Berlitz Corp. - Product / Service
    • Exhibit 115: Berlitz Corp. - Key offerings
  • 12.5 Cornerstone OnDemand Inc. 
    • Exhibit 116: Cornerstone OnDemand Inc. - Overview
    • Exhibit 117: Cornerstone OnDemand Inc. - Product / Service
    • Exhibit 118: Cornerstone OnDemand Inc. - Key offerings
  • 12.6 D2L Corp.
    • Exhibit 119: D2L Corp. - Overview
    • Exhibit 120: D2L Corp. - Product / Service
    • Exhibit 121: D2L Corp. - Key news
    • Exhibit 122: D2L Corp. - Key offerings
  • 12.7 EF Education First Ltd. 
    • Exhibit 123: EF Education First Ltd. - Overview
    • Exhibit 124: EF Education First Ltd. - Product / Service
    • Exhibit 125: EF Education First Ltd. - Key offerings
  • 12.8 Instructure Holdings Inc. 
    • Exhibit 126: Instructure Holdings Inc. - Overview
    • Exhibit 127: Instructure Holdings Inc. - Product / Service
    • Exhibit 128: Instructure Holdings Inc. - Key offerings
  • 12.9 MPS Ltd.
    • Exhibit 129: MPS Ltd. - Overview
    • Exhibit 130: MPS Ltd. - Business segments
    • Exhibit 131: MPS Ltd. - Key offerings
    • Exhibit 132: MPS Ltd. - Segment focus
  • 12.10 NIIT Ltd
    • Exhibit 133: NIIT Ltd - Overview
    • Exhibit 134: NIIT Ltd - Product / Service
    • Exhibit 135: NIIT Ltd - Key news
    • Exhibit 136: NIIT Ltd - Key offerings
  • 12.11 Pearson Plc
    • Exhibit 137: Pearson Plc - Overview
    • Exhibit 138: Pearson Plc - Business segments
    • Exhibit 139: Pearson Plc - Key offerings
    • Exhibit 140: Pearson Plc - Segment focus
  • 12.12 Providence Equity Partners LLC 
    • Exhibit 141: Providence Equity Partners LLC - Overview
    • Exhibit 142: Providence Equity Partners LLC - Business segments
    • Exhibit 143: Providence Equity Partners LLC - Key offerings
    • Exhibit 144: Providence Equity Partners LLC - Segment focus
  • 12.13 SAI Global Pty. Ltd.
    • Exhibit 145: SAI Global Pty. Ltd. - Overview
    • Exhibit 146: SAI Global Pty. Ltd. - Product / Service
    • Exhibit 147: SAI Global Pty. Ltd. - Key offerings
  • 12.14 TAL Education Group
    • Exhibit 148: TAL Education Group - Overview
    • Exhibit 149: TAL Education Group - Business segments
    • Exhibit 150: TAL Education Group - Key offerings
    • Exhibit 151: TAL Education Group - Segment focus
  • 12.15 Udemy Inc
    • Exhibit 152: Udemy Inc - Overview
    • Exhibit 153: Udemy Inc - Product / Service
    • Exhibit 154: Udemy Inc - Key news
    • Exhibit 155: Udemy Inc - Key offerings
  • 12.16 VIPKID HK Ltd.
    • Exhibit 156: VIPKID HK Ltd. - Overview
    • Exhibit 157: VIPKID HK Ltd. - Product / Service
    • Exhibit 158: VIPKID HK Ltd. - Key offerings
  • 12.17 WhiteHat Education Technology Pvt ltd 
    • Exhibit 159: WhiteHat Education Technology Pvt ltd - Overview
    • Exhibit 160: WhiteHat Education Technology Pvt ltd - Product / Service
    • Exhibit 161: WhiteHat Education Technology Pvt ltd - Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 162: Inclusions checklist
    • Exhibit 163: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 164: Currency conversion rates for US$
  • 13.4 Research methodology
    • Exhibit 165: Research methodology
    • Exhibit 166: Validation techniques employed for market sizing
    • Exhibit 167: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 168: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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FAQ

What is the projected growth of the academic e-learning market from 2022 to 2027?

The academic e-learning market is projected to grow by USD 147.89 billion.

What is the expected CAGR for the academic e-learning market during the forecast period?

The market is estimated to grow at a CAGR of 17.5%.

Which region is expected to contribute the most to the academic e-learning market growth?

North America is expected to account for 35% of the growth.

What trends are influencing the academic e-learning market?

The emergence of HTML5 as the main programming language for content authoring is a significant trend.

What challenges does the academic e-learning market face?

High development costs associated with e-learning courses pose a major challenge.

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