Online learning where the key element is the use of internet. Here learning is done by using online learning tools that easily available on internet. Generally, an online course can be described as a distance between the student and his/her teacher and they are only connected through internet. Through the online learning platforms, a student can attend lectures, give tests, complete assignments, all can be done virtually, the student don’t have to go out of their home for learning.
Online learning platforms have become very popular nowadays and also after the Covid-19 pandemic. Online education is popular in USA for many years now, because of the advanced technology benefits and have also introduced many new online learning concepts in the recent years. The platforms have made learning easier and interesting, the student can just sit at home and learning new things. This has been popular only because of the internet services. With the access to internet through any electronic device like smartphones or laptops, etc. people can do online shopping, order food and even good for education.
According to the report published by Actual Market Research titled as “USA E-Learning Market Research Report, 2027”. The USA e-learning market is expected to cross the market size of 140 Billion USD by the forecasted period. As per the research by application, the academic segment is anticipated to the highest CAGR, then the corporate and government institutions. Online learning platforms have become very popular nowadays and also after the Covid-19 pandemic. This has been popular only because of the internet services. The advantage to access internet through laptops, smartphones, tablets, etc., has made e-learning easier. Today students are able to learn from anywhere and at any time through the electronic devices and wide spread of internet services.
E-learning is a course or a learning experience that is delivered through any electronic device and it also includes performance support content. There are few elements that make an e-learning program like, live or pre-recorded lecture content, quizzes, video, activities and some other interactive elements. E-learning became more popular after the arrival of Covid-19, because everyone was locked inside their homes and schools and colleges were completely closed. That time the e-learning segment earned huge profits by guiding students, by providing online courses and tuitions to the students. The online education was not so popular few years ago, but the pandemic situation has made a huge shift towards online learning.
The use of AI and machine learning has grown among e-learning platforms as it allows customized content based on each student's existing knowledge and provides a one-size-fits-all approach. In addition, by leveraging AI (Artificial Intelligence) and ML (Mobile Learning), it becomes possible to quickly analyze huge amounts of data, as well as identify patterns & trends to continuously optimize and improve learning experiences. Moreover, it helps make the course creation process much simpler, faster, and more agile without having to sacrifice quality. For example, automatic translation and localization feature have enhanced the eLearning development process by offering more speed and efficiency. Further, one of the key growth drivers of the USA e-learning market is increasing internet, mobile, and smartphone usage. Also, the Internet of Things (IoT) has aided the shift from teacher-centered to student-centered education. It is revolutionizing education by providing benefits such as efficient management, concrete learning, interactive sessions, and tractable results.
According to the report, USA E-learning market is segmented into various technology types including online e-learning, LMS (Leaning Management System), Mobile Learning, Rapid E-learning, Virtual class room and others. Among these types, virtual class segment is leading the market by contributing larger share in 2021 and is expected to continue growing during the forecast period. As gamification and virtual classrooms stand out owing to their high engagement level and perceived effectiveness, the segment is expected to witness higher demands. Further, in terms of e-learning market share, the corporate e-learning and academic e-learning market occupied the maximum share in 2021, which is significant, driven by increasing emphasis on talent up-gradation and retention. Due to increased federal budgetary allocations in the education sector, as they invest in improving digital connectivity and ensuring high-quality education to acquire resource competitiveness, the K-12 and higher education segments accounted for prominent market share of revenue in the e-learning market. Further, based on provider, content provider segment is dominating the market in 2021 whereas service provider is projected to expand with highest growth rate during the forecast period.
The education of over 1.2 billion children worldwide got adversely affected by the pandemic, and hence there was a sudden shift in the way education was delivered after that. USA also witnessed major impact in the same year. However, after witnessing the abrupt shift from the classroom in many parts of the world, there are high chances of online learning popularity to continue post-pandemic. Such a shift is expected to affect the USA education industry as well as USA E-learning market.
Considered In the Report
• Geography: USA
• Historical year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecasted year: 2027
Aspects Covered In the Report
• Market Size By Value for the historic time period (2016-2021)
• Market Size By Value for the forecast time period (2022-2027)
• Market Share by Technology (Online e-learning, LMS (Learning management system), Mobile e-learning, Rapid e-learning, Virtual classroom, Others)
• Market Share by Producers (Service & Content)
• Market Share by Application (Academic, K-12, Higher education, Vocational training, Corporate, SMBs, Large enterprises, Government)
The approach of the report:
We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free.
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the E-learning industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
List of Figures
Figure 1: USA E-Learning Market Size By Value 2016 to 2027F (In USD Billion)
Figure 2: Global E-learning Market Share By Providers (2016, 2021 & 2027F)
Figure 3: Market Attractiveness Index, By Technology
Figure 4: Market Attractiveness Index, By Providers
Figure 5: Market Attractiveness Index, By Application
Figure 6: Porter's Five Forces Meter of E-Learning Industry in USA
List of Table
Table 1: Global E-learning Market Share By Technology (2016, 2021& 2027F)
Table 2: Global E-learning Market Share By Application (2016, 2021 & 2027F)
Table 3: USA E-Learning Market Size of Construction (2016 to 2027F) in USD Billion
Table 4: USA E-Learning Market Size of LMS (Learning management system) (2016 to 2027F) in USD Billion
Table 5: USA E-Learning Market Size of Mobile E-Learning (2016 to 2027F) in USD Billion
Table 6: USA E-Learning Market Size of Rapid E-learning (2016 to 2027F) in USD Billion
Table 7: USA E-Learning Market Size of Virtual classroom (2016 to 2027F) in USD Billion
Table 8: USA E-Learning Market Size of Others (2016 to 2027F) in USD Billion
Table 9: USA E-Learning Market Size of Service (2016 to 2027F) in USD Billion
Table 10: USA E-Learning Market Size of Content (2016 to 2027F) in USD Billion
Table 11: USA E-Learning Market Size of Academic (2016 to 2027F) in USD Billion
Table 12: USA E-Learning Market Size of K-12 (2016 to 2027F) in USD Billion
Table 13: USA E-Learning Market Size of Higher education (2016 to 2027F) in USD Billion
Table 14: USA E-Learning Market Size of Vocational training (2016 to 2027F) in USD Billion
Table 15: USA E-Learning Market Size of Corporate (2016 to 2027F) in USD Billion
Table 16: USA E-Learning Market Size of SMBs (2016 to 2027F) in USD Billion
Table 17: USA E-Learning Market Size of Large enterprises (2016 to 2027F) in USD Billion
Table 18: USA E-Learning Market Size of Government (2016 to 2027F) in USD Billion
Table 19: Key Facts of Company 1
Table 20: Key Facts of Company 2
Table 21: Key Facts of Company 3
Table 22: Key Facts of Company 4
Table 23: Key Facts of Company 5
Table 24: Key Facts of Company 6
Table 25: Key Facts of Company 7
Table 26: Key Facts of Company 8