E-Learning Industry to Expand to $648 Billion by 2030

E-Learning Industry

According to the global research company, Beyond Market Insights, the global e-learning market size had been worth $235.5 billion in 2022 and is expected to grow to $648.6 billion by 2030 with a (Compound Annual Growth Rate) CAGR of 13.5% over the forecast for the next eight years from 2023 to 2030.

The exclusive report spanning over 190+ pages describes the e-learning market size by end-users (vocational, K-12, higher education, Government, and corporates), by function, learning mode, delivery mode, by market size of regions(Japan, France, Germany, India, China, Denmark, UK, US, and others)complete analysis, global industry overview, premium insights, trends, growth, market share and outlook from 2023 to 2030.

e-learning is the modern educational system that adopts the use of information and communication technologies (ICT) connected through electronic devices, machines, etc. The method of imparting education is through the intranet, internet, CD-ROM, and interactive TV. The mode of learning happens in text, audio, video, animation, and images. The e-learning methodology offers excellent customization, saves time, and addresses a huge mass of audience.

e-learning methodology is very economical with its applications spreading training and development, educational, medical, and agricultural segments. During the crucial period of the COVID-19 pandemic when most of the countries in the world were confined in lockdown, several educational institutions have been using e-learning programs to continue their respective curriculums. Moreover, the rapid spread of wireless communication technology and the rise in sales of smartphones have accelerated the growth of the global e-learning market. With the increase in the use of precision and sustainable farming techniques, farmers today have easy access to several instructional materials in several regional languages in text, images, audio, and video presentations.

Top stories