E-Learning Market in US to become a billion-dollar industry with revenue growth of USD 48.4 bn through 2023-2027
The advent of E-learning courses and distance learning programs, access to education has transformed in the US. The United States E-learning market size is estimated to grow by USD 48.4 billion between 2022 and 2027 at a CAGR of 16.39% between 2022 and 2027. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking in our report.
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Determinants of the market growth depend on the growth of the market depends on several factors, including evolved learning and education landscape, subject proficiency assessment and certification, and widespread adoption of mobile-based learning. One of the primary factors that will trigger the growth of the E-Learning Market in the US is the flexibility and functionality of E-learning courses that have resulted in the evolution of the learning landscape in the US.
The extensive digitalization of education and the rising number of Internet users have transformed the perception of online learning in the country. The hectic lifestyle of people also increases the preference for E-learning. Dropouts who return to education find the E-learning ecosystem more comfortable than traditional education.
For example, major universities in the US, such as MIT, Stanford University, and Harvard University, record and broadcast courses through online media platforms.
Technological advancement with the incorporation of virtual assistants, AR, and VR also has a far-reaching effect on the evolution and expansion of E-learning all over the US.E-learning through smart wearables such as Google Glass and Oculus Rift, and even smartwatches like the Apple Watch will enable dynamic and efficient learning. Market Players worth mentioning in this industry are D2L Corp., Docebo Inc., Flatworld Solutions Pvt. Ltd., Houghton Mifflin Harcourt Co., Infopro Learning Inc., Pearson Plc, RELX Plc, Udemy Inc,2U Inc.Our report includes qualitative and quantitative analyses of vendors he strengths and weaknesses of key market players Order a free sample report today and get a comprehensive report summary of the market landscape.