Research

E-Learning Market to Reach $1 Trillion Within 6 Years

• By David Nagel
• 06/09/21

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.