Report : North America E-Learning Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Delivery Mode (Online, LMS, Mobile, and Others), Learning Mode (Self-Paced and Instructor-Led), and End User [Academic (K-12 and Higher Institution) and Corporate]
At 8.6% CAGR, the North America E-Learning Market is speculated to be worth US$ 186.09 billion by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America e-learning market was valued at US$ 113.37 billion in 2022 and is expected to reach US$ 186.09 billion by 2028, registering a CAGR of 8.6% from 2022 to 2028. Ease of tracking student performance and maintaining centralized student database are the critical factors attributed to the North America e-learning market expansion.
E-learning allows teachers to track students’ progress and ensure their performance accomplishments are met. Educational institutes are seeking new methods for optimizing their operations and handling student data better. Student database management systems make their tasks easier, reduce manpower requirements, and ensure efficient learning processes. Also, maintaining a centralized student database ensures data-driven collaboration between teachers, students, parents, and admin staff. E-learning platforms provide a one-stop solution for integrating student data from various processes such as enrollment, parent-teacher communications, exam results, and attendance records. For example, when students fail online exams, an instructor offers various learning methods aligned with their personalities so they can easily grasp the learning materials and improve their performance. Advanced e-learning systems provide reporting and analytical tools that enable teachers to identify areas that may be missing from their existing courses and areas wherein they excel. For instance, if students have difficulty in understanding certain learning materials, teachers can assess the content and make necessary improvements. In addition, all detailed information related to students—including personal details, completed assignments and exams, payment status, and learning activities—is stored safely in a centralized system; it can all be displayed readily on a single screen. Thus, e-learning platforms aid the ease of tracking student performances and maintaining a centralized database, which boosts their popularity among education stakeholders, thereby driving the North America e-learning market growth.
On the contrary, high cost of producing and maintaining e-learning content hampers the North America e-learning market.
Based on delivery mode, the North America e-learning market is segmented into online, LMS, mobile, and others. The online segment held 49.3% share of North America e-learning market in 2022, amassing US$ 55.95 billion. It is projected to garner US$ 84.71 billion by 2028 to expand at 7.2% CAGR during 2022–2028.
Based on learning mode, the North America e-learning market is segmented into self-paced and instructor-led. The self-paced segment held 50.1% share of North America e-learning market in 2022, amassing US$ 56.84 billion. It is projected to garner US$ 87.74 billion by 2028 to expand at 7.5% CAGR during 2022–2028.
Based on end user, the North America e-learning market is segmented into academic and corporate. The academic segment held 78.1% share of North America e-learning market in 2022, amassing US$ 88.59 billion. It is projected to garner US$ 141.25 billion by 2028 to expand at 8.1% CAGR during 2022–2028.
Based on country, the North America e-learning market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 77.3% share of North America e-learning market in 2022. It was assessed at US$ 87.63 billion in 2022 and is likely to hit US$ 138.70 billion by 2028, exhibiting a CAGR of 8.0% during the forecast period.
Key players dominating the North America e-learning market are Adobe Inc; Cisco Systems Inc; Citrix Systems Inc; Cornerstone OnDemand Inc; D2L Inc; Gnowbe Pte Ltd; and SAP SE, among others.
- In 2021; Global learning technology leader D2L announced an innovative partnership with Nova Scotia-based NeonTrain, that delivers online training for small and medium-sized businesses.
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