Research
E-Learning Market to Reach $1 Trillion Within 6 Years
The prevalence of distance learning during the COVID-19 pandemic is
helping to drive staggering growth in the worldwide e-learning
market.
As of 2020, the e-learning market was at $250 billion, according to
market research firm Global
Market Insights. That is expected to surge at a compound annual
growth rate of 21 percent through 2027, to hit $1 trillion. That includes
academic, corporate and government use of e-learning.
North America, primarily the United States, accounted for more than
35 percent of e-learning revenues, according to a 300-page report released
by Global Market Insights. The Asia-Pacific market is expected to
account for 26 percent over the forecast period.
“In the U.S. e-learning market, the service providers segment will
expand at 17 percent CAGR during the forecast timespan," the report suggested. "The availability of
high-speed internet and the advent of the 5G network in the U.S. are
providing lucrative opportunities for market players to adopt
innovative technologies. [The advent of 5G] will enable service
providers to improve learning through the incorporation of AR &
VR technologies that require a high-speed internet connection for
effective operation.”
For more information, visit the Global
Market Insights report highlight page.
About the Author
David Nagel is editorial director of 1105 Media's Education Technology Group and editor-in-chief of THE Journal and STEAM Universe. A 29-year publishing veteran, Nagel has led or contributed to dozens of technology, art and business publications.
He can be reached at [email protected]. You can also connect with him on LinkedIn at or follow him on Twitter at @THEDavidNagel (K-12) or @CampusTechDave (higher education).
