Global e-learning services market is anticipated to grow at a significant CAGR of 11.2% during the forecast period (2024-2031). The market growth is attributed to the growing adoption of digitalization, mobile internet, and smartphone penetration driving the market growth. With e-learning, learners can access instructional materials at any time and from any location, saving time spent in traveling. It helps people make the most use of their time by enabling them to learn at their speed. Thus, compared to traditional classroom training techniques, e-learning offers significant cost savings and ease. Various governments imagining and shaping e-learning with digital pedagogy as a long-term strategy in the education sector. For instance, in October 2021, the Ontario government invested $10.7 million to provide more flexible postsecondary education options for learners. This funding helps expand the suite of high-quality, market-responsive e-learning programs and resources across the province through the launch of a second call for proposals in early November with support from eCampusOntario.
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AI algorithms can analyze individual data such as learning preferences, strengths, and weaknesses. With this information, AI can tailor learning materials and pacing to match each specific need. For instance, in March 2024, Accenture introduced Accenture LearnVantage to help clients and their people gain essential skills and achieve greater business value in the AI economy. The company invested $1.0 billion in Accenture LearnVantage and agreed to acquire Udacity to build on and scale for clients Accenture’s deep experience in learning and training and meet rising demand for technology skills, including generative AI.
The increasing integration of e-learning services with artificial intelligence covers marketable technologies and foundational concepts including Python, unsupervised and supervised machine learning, transformers, natural language processing, AI applications, time series forecasting, and AI and data ethics. For instance, in August 2023, edX, an online learning platform from 2U, Inc. introduced a new artificial intelligence boot camp in partnership with leading universities nationwide. The intensive online program is designed for learners with little to no prior technical training who want to rapidly build the skills needed for an entry-level technical role requiring AI skills.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By Technology
o By End-Users
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- 2U, Inc., Coursera Inc., LinkedIn Corp., Pluralsight LLC., and Udemy, Inc., among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global E-Learning Services Market Report Segment
By Type
- Custom e-Learning
- Responsive e-Learning
- Micro e-Learning
- Translation & Localization
- Game-Based Learning
- Rapid e-Learning
By Technology
- Artificial Intelligence
- Augmented Reality and Virtual Reality
- Big Data
- Cloud Computing
By End-Users
- Academic
- Corporate
- Government
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E-Learning Services Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
· 2U, Inc.
· Alison
· Codecademy LLC
· CreativeLive, Inc.
· edX LLC
· ELB Learning
· e-Zest Solutions
· FutureLearn Ltd.
· Khan Academy, Inc.
· MasterClass
· OpenSesame Inc.
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