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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 the former editorial director of 1105 Media's Education Group and editor-in-chief of THE Journal, STEAM Universe, and Spaces4Learning. A 30-year publishing veteran, Nagel has led or contributed to dozens of technology, art, marketing, media, and business publications.

He can be reached at [email protected]. You can also connect with him on LinkedIn at .

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