How big is the eLearning market?

The E-Learning market in the U.S. is estimated at US$90 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$105.7 Billion by the year 2026 trailing a CAGR of 12.2\% over the analysis period.

How much is the eLearning market worth?

The global E-learning market size is projected to grow USD 370 Billion by 2026, from USD 226 Billion in 2020, at a CAGR of 8.56\% during 2021-2026.

How big is the online course industry?

In 2019, the overall online learning market was worth just under $200 billion. The online e-learning sector was the largest contributor with a value of $101 billion. The mobile e-learning sector was worth $19.5 billion.

What is the percentage of eLearning?

In 2017, approximately 77\% of US corporations used online learning, but 98\% planned to incorporate it in their program by 2020. The US e-learning market is set to grow by $12.81 billion between 2020 and 2024. E-learning increases retention rates by 25\% to 60\%.

How fast is e-learning growing?

According to the latest statistics, the elearning industry is predicted to reach $50 billion by 2026. The estimated annual growth from 2020 to 2026 is 15\%, the corporate market being one of the biggest drivers. Due to the COVID-19 pandemic, the popularity and use of elearning have skyrocketed.

Is the e-learning market growing?

The global e-learning market reached a value of US$ 222.2 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 12.7\% during 2021-2026.

Why is e-learning booming?

Demand for online education increased significantly during the lockdowns, and many adopted the new way of learning. Such a strong demand is one of the main reasons why the eLearning industry has reached unprecedented heights.

Why is eLearning booming?

Is eLearning profitable?

For the owners of these businesses, e-learning can be very profitable. According to estimates from Research and Markets, the online education market will reach $325B by 2025.

Is E-Learning profitable?

Is online learning effective statistics?

42\% of grad students compared to 30\% of undergrads preferred online learning to in-classroom learning. On average, students can retain 25\% to 60\% more information when learning online compared to 8\% to 10\% when in the classroom. eLearning requires 40\% to 60\% less time learning than traditional classrooms.

What is the market size of e-learning in 2020?

The market size of e-learning surpassed USD 250 billion in 2020 and will witness a CAGR of over 21\% through 2027. What will drive the market size of e-learning? The introduction of advanced technologies including VR, cloud-based LMS and AI will drive the market growth.

What is the role of Education Marketing in e-learning?

Besides education apps, the e-learning market is also saturated with online courses, videos, eBooks, and websites, making it very difficult for new players to get noticed. Education marketing’s purpose is to implement various marketing strategies to promote valuable educational content.

Is e-learning a good business option?

As predicted in previous reviews, the e-Learning market has grown significantly in recent years and continues to expand in several countries around the world. Professionals from many different fields begin to enter this market with more security, and current market analysis reveals that this is a good business option.

What is the background of the e-learning industry?

E-Learning Industry Background. The e-learning market includes a large number of players that are expanding their business operations around the world. The strong presence of global players that are investing highly in setting up their business base in different countries, driving the industry growth.