Online Learning Software and Platform Market Size, Share, Growth, and Industry Growth, By Type (Cloud, On-Premises, and Mobile), By Application (K 12, Higher Education, Vocational Training, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Online Learning Software and Platform Market REPORT OVERVIEW

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The global online learning software and platform market size was USD 5323 million in 2020 and market is projected to touch USD 29281 million by 2031, at a CAGR of 15.7% during the forecast period.

Businesses, educators, and solopreneurs can generate, author, and self-publish instructional content using online learning platforms. Some help businesses promote their material or offer an already-existing marketplace where online courses can be sold. The ability to customize study materials and expedite chores is made possible by online learning platforms, which frees up teachers to concentrate on delivering engaging, high-quality courses. A consistent experience is provided by some systems, which enable instructors to incorporate adaptive learning technologies into their courses.

Online learning software and platform are frequently used as standalone, all-in-one, or marketplace platforms for online courses. To assist customers in managing their whole eLearning program, this platform may also be offered as an integrated solution within online learning software and platform. The steady adoption of technology in vocational, higher education, K-12, and other sectors is estimated to augment growth in the global market. Growing internet penetration is driving the adoption of the advanced technology market.

COVID-19 Impact: Students Adopted Online Platforms Made a Positive Impact on Market Growth

The COVID-19 pandemic increased revenue in the e-learning sector. Corporations have been pushed to adopt work-from-home policies to maintain daily operational activities in response to the growing employee safety concerns. This has made it more difficult for businesses to train employees, communicate with them, track their progress, and upskill them, which has increased demand for e-learning platforms among large businesses and SMEs. Various companies focused on developing customized learning solutions to gain growth in the global market. The companies that developed software as per the customer's need. The companies launched their plan for online learning for the students to offer various courses. 

LATEST TRENDS

"Rising E-Learning during the Pandemic to Encourage Market Growth"

Global internet adoption is increasing, which will fuel industry growth. Access to affordable internet connectivity options has risen because of the booming telecom and broadband industries. Nearly 4.9 billion people worldwide utilized the internet in 2021, up from 4.1 billion in 2019, according to the International Telecommunication Union (ITU). More people will have access to e-learning platforms as there are more people using the internet and taking courses or finishing degrees on them. 

Online Learning Software and Platform Market Segmentation

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• By Type Analysis

By type, the market is distributed into cloud, on-premises, and mobile.

• By Application Analysis

Based on application, the market is separated into K-12, higher education, vocational training, and others.

DRIVING FACTORS

"Feature of Customized Information as Per Students' Need to Enhance Service Demand"

AI and machine learning allows for tailored information based on each student's prior knowledge and offer a one-size-fits-all solution. Their use has increased across e-learning systems. Additionally, by utilizing AI and ML, it is feasible to swiftly analyze enormous volumes of data and uncover patterns and trends in order to continuously optimize and improve learning experiences. Additionally, it makes the process of creating courses much easier, quicker, and more flexible without compromising quality. For instance, the eLearning production process has been improved by the automatic translation and localization capability, which offers more speed and efficiency. Additionally, it is now possible to create multi-language content for multinational corporations that must create valuable material for branches in numerous countries or for the growing adoption of online learning software and platforms. 

"Increasing Popularity of the Service among Retailers to Cater Growth in the Market"

More businesses use it to conduct meetings, training, and entrepreneurial programs regardless of location, and it is predicted that its acceptance in the corporate sector will develop quickly. The healthcare, BFSI, IT, and telecom industries are all seeing an increase in the use of flexible settings for online training. Online learning software and platform is being used by the retail sector to train salespeople and give employees product knowledge. For the retail sector, Gekko, for instance, introduced a digital learning solution to improve worker, brand, and product knowledge. It is anticipated that such initiatives will increase the demand for learning management systems.

RESTRAINING FACTORS

"Constant System Upgradation to Hinder the Market Growth"

The rising popularity of the service is coupled with continuous innovation and upgradation, which may limit the market growth. Additionally, a continuously changing mindset of the consumer is estimated to hamper the online learning software and platform market growth.  

Online Learning Software and Platform Market REGIONAL INSIGHTS

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"North America to Lead the Market Due to Growing Investment in IT Infrastructure"

North America is projected to lead the online learning software and platform market share accredited to the rising investment in IT infrastructure. Additionally, the strong cloud computing industry is expected to boost the service demand due to the presence of significant market players. 

Asia Pacific is projected to show significant growth in the global market owing to the increasing usage of online learning software and platforms. Moreover, the region widely adopted cloud-based smart learning solutions during the pandemic, which is estimated to be an additional growth factor. 

KEY INDUSTRY PLAYERS

"Key Players Focusing on Innovative Technology Development to Grow in Market"

Businesses are working on developing new technology to offer more easy ways to increase product portfolio. Companies also use innovative practices and techniques to create new technologies. Companies are focused on acquisitions and investments to increase sales. The marketplace is competitive as a result of the existence of numerous huge firms. An extensive worldwide consumer base and the execution of operations through specialized distribution networks are other characteristics. The key companies strive to gain a higher part of online learning software and platform market share by launching new products. 

List of Market Players Profiled

• Udemy (U.S.)
• Wileyplus (U.S.)
• Epignosis TalentLMS (U.S.)
• Tovuti (U.S.)
• Thinkific (Canada)
• McGraw-Hill (U.S.)
• 360Learning (France)
• Kajabi (U.S.)
• Skillshare (U.S.)
• Pluralsight (U.S.)
• Edx (U.S.)
• Coursera (U.S.)
• Codecademy (U.S.)
• Future Learn (U.S.)
• Moodle (Australia)
• Linkedin Learning (U.S.)
• Masterclass (U.S.)
• Udacity (U.S.)

REPORT COVERAGE

An overview of the product is provided along with the product description. Numerous industry elements are included in the research. The market insights are prepared by utilizing large sample sizes for data-gathering modules. The study provides in-depth market insights. The stage includes gathering market data or related data using a variety of sources and tactics. It involves going over and organizing all the information gathered during the previous advance. It also covers the investigation of information discrepancies found across various information sources. Market statistical and coherent models are used to assess and estimate market data.