BANGALORE, India, Aug. 12,
2024 /PRNewswire/ -- Online Learning Software
and Platform Market is Segmented by Type (Cloud, On Premises,
Mobile), by Application (K-12, Higher Education, Vocational
Training): Global Opportunity Analysis and Industry Forecast,
2023-2029.
The Global Online Learning Software and Platform Market was
valued at USD 6801 Million in 2023
and is anticipated to reach USD 19090
Million by 2030, witnessing a CAGR of 15.7% during the
forecast period 2024-2030.
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Major Factors Driving the Growth of Online Learning Software
and Platform Market:
The market for online learning platforms and software is
expanding rapidly because of the rise in mobile device usage,
increased internet connectivity, and the growing need for flexible
learning alternatives. The contemporary employment market has made
skill improvement and lifelong learning imperative, leading many
people to choose online platforms for ongoing education. Due to its
affordability and scalability, online learning is now being used by
businesses and educational institutions. This expansion is also
fueled by government efforts and the growing popularity of MOOCs;
the combination of AI and data analytics improves tailored learning
experiences. Another important aspect driving market development is
the globalization of education, which makes chances for
cross-border learning possible.
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TRENDS INFLUENCING THE GROWTH OF THE ONLINE LEARNING SOFTWARE
AND PLATFORM MARKET:
The market for online learning platforms and software is
expanding due in large part to the increasing demand for flexible
learning choices. For many students, traditional educational
institutions can be confining since they frequently call for set
timetables and places. People with different responsibilities,
including working professionals, parents, and those living in rural
places, may now access education more easily thanks to online
learning systems that allow them to learn at their own speed and on
their own time. In an increasingly interconnected world where time
zones and individual schedules can differ greatly, this flexibility
is especially desirable. Online learning's increasing
attractiveness as more people try to juggle their education with
other obligations is driving industry expansion.
The market for online learning platforms and software has grown
dramatically as a result of the proliferation of mobile devices and
the spread of internet access. An increasing number of individuals
may access online educational materials as global internet
connection increases, especially in underdeveloped and distant
places. To further improve the ease of online learning, learners
may now access instructional information anywhere at any time
thanks to the growing availability of smartphones and tablets. The
rise of the market is driven by the enhanced connection that
promotes dynamic and captivating educational experiences, allows
for continuous learning, and establishes online learning platforms
as a competitive option to conventional classroom environments.
In the quick-paced, constantly-evolving employment environment
of today, lifelong learning and ongoing skill development are
becoming increasingly important. Employees who proactively upgrade
their knowledge and abilities are valued by employers more and
more. This requirement is met by online learning platforms, which
provide a variety of courses and certificates that support people
in maintaining their competitiveness in the job. This tendency is
particularly noticeable in sectors where continuous learning is
required, like technology, healthcare, and finance. Consequently,
there is a growing need for online learning platforms that offer
current and pertinent material, which is driving market growth.
Online learning platforms are being used by educational
institutions, ranging from colleges to K–12 schools, to support and
improve on their traditional teaching strategies. The need to
deliver more individualized learning experiences, connect with a
larger audience, and offer courses that would not be practical in a
traditional classroom environment is what is driving this change.
This tendency was expedited by the COVID-19 epidemic, which forced
educational institutions all throughout the world to switch to
remote learning swiftly. It is anticipated that the hybrid
education model—which blends online and offline learning—will
continue even once traditional classroom instruction resumes. One
of the main factors driving the market's growth is the educational
institutions' ongoing usage of online platforms.
Businesses are spending more and more money on online learning
environments to train and grow their staff. Online training courses
are an appealing choice for companies trying to upskill their
employees since they are affordable, adaptable, and simple to
update. These platforms enable businesses to offer extensive
training programs that can be customized to meet the needs of
individual employees by offering a wide range of courses, from
technical skills to soft skills. Employees may finish training at
their own speed thanks to the flexibility of online learning, which
decreases downtime and boosts output. One major driver of market
expansion is the business sector's increasing dependence on online
learning for staff development.
The market for online learning platforms and software is
expanding as a result of the growing appeal of Massive Open Online
Courses (MOOCs). A global audience may now access high-quality
education thanks to MOOCs, which provide a vast array of courses
from prestigious colleges and institutes, sometimes for free or at
a reduced cost. Millions of students worldwide are drawn to these
courses because they provide a wide range of subjects and are
tailored to accommodate varying learning styles and speeds. Because
of its interactive format and prestigious provider schools, MOOCs
are a preferred option for students looking to advance their
education and career, which propels market growth.
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ONLINE LEARNING SOFTWARE AND PLATFORM MARKET SHARE
ANALYSIS:
Due to its highly developed technical infrastructure, high
internet penetration rate, and extensive use of online learning in
companies and institutions, North
America now dominates the industry. Europe is not far behind, with substantial
expenditures in digital education and robust government
backing.
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Key Companies:
- Udemy
- Wileyplus
- Epignosis TalentLMS
- Tovuti
- Thinkific
- McGraw-Hill
- 360Learning
- Kajabi
- Skillshare
- LearnWorlds
- Pluralsight
- EdX
- Coursera
- Codecademy
- Future Learn
- Moodle
- LinkedIn Learning
- Masterclass
- UDACITY
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
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- Game-based Learning Market
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USD 541.7 Million in 2022 and is
forecast to a readjusted size of USD 1456.9
Million by 2029 with a CAGR of 15.0% during the review
period (2023-2029).
- Distance Learning market is projected to grow from
USD 137540 Million in 2023 to
USD 236440 Million by 2029, at a
Compound Annual Growth Rate (CAGR) of 9.5% during the forecast
period.
- Learning Management System (LMS) Software market was
valued at USD 1415 Million in 2023
and is anticipated to reach USD 2394.4
Million by 2030, witnessing a CAGR of 7.8% during the
forecast period 2024-2030.
- Cloud Machine Learning Operations (MLOps) market was
valued at USD 186.4 Million in 2023
and is anticipated to reach USD 3652.7
Million by 2030, witnessing a CAGR of 44.6% during the
forecast period 2024-2030.
- Gamification Learning Platform market was valued at
USD 866 Million in 2023 and is
anticipated to reach USD 1485.6
Million by 2030, witnessing a CAGR of 8.1% during the
forecast period 2024-2030.
- AI & Machine Learning Operationalization (MLOps)
Software Market
- On-demand Learning Management System market was valued
at USD 3912 Million in 2023 and is
anticipated to reach USD 12150
Million by 2030, witnessing a CAGR of 17.2% during the
forecast period 2024-2030.
- Social-Emotional Learning Market
- Cloud Based Language Learning market was valued at
USD 174.6 Million in 2023 and is
anticipated to reach USD 294.1
Million by 2030, witnessing a CAGR of 7.3% during the
forecast period 2024-2030.
- E-Learning Market
- Corporate E learning market was valued at USD 22150 Million in 2023 and is anticipated to
reach USD 46080 Million by 2030,
witnessing a CAGR of 10.9% during the forecast period
2024-2030.
- K12 Online Tutoring Market
- Blended E-learning Market
- Academic E-Learning Market
- EdTech Market
- E-Learning Services market was valued at USD 185740 Million in 2023 and is anticipated to
reach USD 331030 Million by 2030,
witnessing a CAGR of 8.1% during the forecast period 2024-2030.
- Digital Badges Market
- AI-Based Learning Platform Market
- Educational LMS Market Research
- Elearning Authoring Tools market was valued at
USD 658 Million in 2023 and is
anticipated to reach USD 1056.5
Million by 2030, witnessing a CAGR of 7.0% during the
forecast period 2024-2030.
- Corporate M-learning market was valued at USD 26950 Million in 2023 and is anticipated to
reach USD 69390 Million by 2030,
witnessing a CAGR of 14.2% during the forecast period
2024-2030.
- Enterprise Online Language Learning market was valued at
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anticipated to reach USD 10490
Million by 2030, witnessing a CAGR of 2.4% during the
forecast period 2024-2030.
- Online Self-Paced Learning market was valued at
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anticipated to reach USD 11990
Million by 2030, witnessing a CAGR of 8.2% during the
forecast period 2024-2030.
- Machine Learning in Finance market was valued at
USD 546 Million in 2023 and is
anticipated to reach USD 1194.9
Million by 2030, witnessing a CAGR of 12.9% during the
forecast period 2024-2030.
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