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 https://www.linkedin.com/in/davidrnagel/ .


Featured

  • illustration of a futuristic building labeled "AI & Innovation," featuring circuit board patterns and an AI brain motif, surrounded by geometric trees and a simplified sky

    Cal Poly Pomona Launches AI and Innovation Center

    In an effort to advance AI innovation, foster community engagement, and prepare students for careers in STEM fields and business, California State Polytechnic University, Pomona has teamed up with AI, cloud, and advisory services provider Avanade to launch a new Avanade AI & Innovation Center.

  •  black graduation cap with a glowing blue AI brain circuit symbol on top

    Report: AI Is a Must for Modern Learners

    A new report from VitalSource identifies a growing demand among learners for AI tools, declaring that "AI isn't just a nice-to-have; it's a must."

  • glowing shield hovers above a digital cloud platform with abstract data streams and cloud icons in the background

    Google to Acquire Cloud Security Firm Wiz

    Google has announced it will acquire cloud security startup Wiz. If completed, the acquisition — an all-cash deal valued at $32 billion — would mark the largest in Google's history.

  • digital dashboard featuring a shield icon, graphs, a world map, and network nodes

    IBM Introduces Agentic AI Governance and Security Platform

    IBM has launched a new software stack for enterprise IT teams tasked with managing the complex governance and security challenges posed by autonomous AI systems.