IMARC Group’s latest report, titled “Asia Pacific E-Learning Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the Asia Pacific e-learning market size reached US$ 56.6 Billion in 2021. E-learning, also known as online learning, is a learning system that utilizes electronic resources and information and communication technology (ICT) to deliver a course, program, or degree digitally. It provides information and training in text, image, animation, video, and audio formats via the internet, satellite broadcast, interactive TV, intranet, or CD-ROM. Compared to traditional learning methods, it is more cost-effective, saves time, removes geographical barriers, and enables students to select their learning duration, material, and environment. As a result, e-learning is rapidly gaining traction in the Asia Pacific region across different sectors, such as education, corporate, agriculture, and healthcare.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Asia Pacific E-Learning Market Trends:
In the Asia Pacific region, the increasing penetration of the internet and smartphones represents the primary factor driving the market growth. Besides this, the rising adoption of e-learning in the corporate sector for conducting training and collaborative programs is another major growth-inducing factor. Additionally, there has been a significant shift toward e-learning solutions among educational institutions and universities due to stringent lockdown and social distancing regulations amid the recent coronavirus disease (COVID-19) outbreak. In line with this, governments of various countries across the region are taking favorable initiatives to integrate e-learning solutions into the education system, thereby contributing to market growth. Furthermore, numerous international companies are partnering with local and regional players to localize their products and deliver better content. Consequently, the increasing collaborations between regional universities and foreign institutes to deliver online courses have catalyzed market growth. Apart from this, recent product innovations, such as the incorporation of gamification techniques, sensing technologies, and speech recognition in e-learning modules, have augmented product demand. Other factors, including the expanding population, developments in the internet infrastructure, surging number of universities and schools, rapid digitization, and technological advancements, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 126 Billion by 2027, growing at a CAGR of 14.13% during 2022-2027.
- Based on technology, the market has been classified into online e-learning, learning management systems, mobile e-learning, rapid e-learning, virtual classroom, and others.
- On the basis of the provider, the market has been bifurcated into services and content.
- The market has been segmented based on the application into academic (K-12, higher education, and vocational training), corporate (small and medium, and large enterprises), and government.
- Country-wise, the market has been divided into China, Japan, India, South Korea, Australia, Indonesia, and others.
- The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating in the industry.
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