NEW
YORK, Aug. 9, 2024 /PRNewswire/ -- The global
self-paced e-learning market size is estimated to grow by
USD 6.17 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 2.31% during the forecast period. Availability of subject
proficiency assessments and certifications is driving market
growth, with a trend towards growing popularity of
microlearning. However, increase in number of free online
courses poses a challenge. Key market players include 2U Inc.,
Anthology Inc., Berlitz Corp., Cerritos
College, City and Guilds Group, D2L Inc., e Careers Ltd.,
Encompass Safety Solutions Ltd., Houghton Mifflin Harcourt Co.,
iEnergizer Ltd., John Wiley and Sons Inc., Learning Technologies
Group Plc, NIIT Ltd., Pearson Plc, Simplilearn, StraighterLine
Inc., Think and Learn Pvt. Ltd., Totara Learning Solutions Ltd.,
Udemy Inc., and Vedantu Innovations Pvt. Ltd..
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Self-Paced
E-Learning Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
2.31%
|
Market growth
2024-2028
|
USD 6173.6
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
2.23
|
Regional
analysis
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 35%
|
Key
countries
|
US, China, UK, India,
and Canada
|
Key companies
profiled
|
2U Inc., Anthology
Inc., Berlitz Corp., Cerritos College, City and Guilds Group, D2L
Inc., e Careers Ltd., Encompass Safety Solutions Ltd., Houghton
Mifflin Harcourt Co., iEnergizer Ltd., John Wiley and Sons Inc.,
Learning Technologies Group Plc, NIIT Ltd., Pearson Plc,
Simplilearn, StraighterLine Inc., Think and Learn Pvt. Ltd., Totara
Learning Solutions Ltd., Udemy Inc., and Vedantu Innovations Pvt.
Ltd.
|
Market Driver
The self-paced e-learning market is witnessing a notable trend
towards microlearning. Microlearning refers to the delivery of
small, focused learning modules that can be completed in a short
amount of time. This approach is gaining popularity in both the
corporate and individual learning sectors. In the corporate world,
microlearning is particularly useful for addressing the short
attention spans of learners and can be easily integrated into
mobile devices. The growing adoption of mobile learning in
education is also driving the popularity of microlearning apps,
such as Google's Primer, which offer quick and efficient learning
experiences. Microlearning modules can be delivered through various
formats, including short videos, infographics, and audio. In higher
education, micro-learning academic courses offer just-in-time
learning opportunities, enabling students to fill learning gaps and
increase their grasp of concepts efficiently. Overall, the demand
for microlearning methodologies is expected to increase
significantly in the global self-paced e-learning market due to
their convenience, flexibility, and effectiveness.
The Self-Paced E-Learning Market is experiencing significant
growth, particularly in areas of personal development and hobbies.
Video-based learning and social learning features are popular
trends, enabling accessible, versatile, and personalized learning
experiences. Blockchain technology is being used for certification
verification, ensuring credibility. Remote workforce training is a
key driver, with corporate learning platforms offering blended
solutions of synchronous and asynchronous learning. STEM programs
in science, engineering, math are in high demand, catering to the
needs of students and professionals using smart phones, mobile
devices, computers, and even traditional cellular phones. Digital
Transformation, Remote Work, Artificial Intelligence, and
Automation are shaping the future of this market. Startups and
entrepreneurs are innovating with e-learning platforms, videos, and
educational apps. Key players include Blackboard, GP Strategies,
N2N Services, Saba Software, Tata Interactive Systems, and
more.
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Segment Overview
This self-paced e-learning market report extensively covers
market segmentation by
- Product
- 1.1 Packaged content
- 1.2 Services
- End-user
- 2.1 Students
- 2.2 Employees
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Packaged content- The packaged segment in the
self-paced e-learning market refers to on-demand, pre-made content
sold by vendors. Its popularity stems from the increasing need for
effective, contextualized learning solutions among students and
employees. Packaged content encompasses various formats, including
videos, gamified elements, and microlearning. The post-secondary
education sector and corporations are significant consumers,
driving market growth. Vendors like City and Guilds Group (City and
Guilds), with brands like Kineo, cater to this demand with
off-the-shelf courses. Kineo's innovative offerings expedite
corporate training and provide a range of self-paced e-learning
modules. The language learning sector also contributes to the
packaged segment's expansion. In the education sector, vendors such
as Think & Learn Pvt. Ltd. (Byju's) and Vedantu Innovations
Pvt. Ltd. (Vedantu) offer interactive self-paced e-learning
solutions with packaged content for K-12 and higher education.
These platforms enable learners to engage with tutors for
clarification, fostering a more effective learning experience.
Interactions with tutors and the availability of packaged content
in various formats are expected to fuel the growth of the packaged
segment and the global self-paced e-learning market.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global Online Language Learning Market is driven by the
increasing demand for multilingual proficiency and flexible
learning solutions. Key players include Duolingo, Rosetta Stone, and Babbel.
The global E-learning Market is fueled by advancements in
technology, personalized learning experiences, and the growing
preference for remote education. Major players include Coursera,
Udemy, and LinkedIn Learning.
Research Analysis
The Self-Paced E-Learning Market has experienced significant
growth in recent years, driven by the digital transformation and
the shift towards remote work. Artificial Intelligence and
Automation are playing a key role in delivering personalized
learning experiences, making education more accessible and
flexible. Startups and entrepreneurs are also entering the market,
disrupting traditional education models with innovative solutions.
Self-paced e-learning offers students the freedom to learn at their
own pace, making it an attractive option for lifelong learning and
upskilling. Microlearning, gamification, data analytics, and mobile
e-learning are some of the trends shaping this market. However, the
lack of discipline and motivation among students can be a
challenge, requiring innovative solutions for assignments,
assessments, and interactive online services. The use of learning
management systems, application simulation tools, and rapid
e-learning authoring tools can help teachers and institutions
deliver high-quality education and information to students
effectively.
Market Research Overview
Self-Paced E-Learning Market: A Digital Transformation in
Education Self-paced e-learning, a key component of digital
transformation in education, is gaining momentum due to remote work
and the need for flexible learning. This market encompasses
interactive online services, mobile e-learning, and learning
management systems. Artificial Intelligence (AI) and automation are
driving innovation, with AI algorithms providing personalized
learning paths and interactive assignments. Startups and
entrepreneurs are disrupting traditional education models with
self-paced e-learning solutions. Flexible learning, microlearning,
and lifelong learning are popular trends, allowing students to
learn at their own pace and on their preferred devices, from smart
phones to computers.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Packaged Content
- Services
- End-user
-
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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
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and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio