According to Fact.MR’s most recent industry study, the worldwide e-learning app market is expected to grow at a compound annual growth rate (CAGR) of 5.8%, from US$ 267.5 billion in 2024 to US$ 470.1 billion by 2034. E-learning is the process of instructing students via electronic media, such as audio, video, e-books, AR/VR, and other gadgets.
There are numerous ways that students can benefit from e-learning, such as reduced tuition costs and availability of specialized courses. E-learning has become a vital part of most businesses since it increases employee performance.
Challenges of e-Learning App Producers:
- Internet access and smart devices are essential for e-learning.
- Many developing countries lack adequate internet and smart device availability.
- Bandwidth in developing countries is lower compared to developed nations.
- This disparity creates a digital divide among nations and within national populations.
- Regions with large populations, such as Asia and Africa, face challenges due to underdeveloped technological infrastructure.
- Poor infrastructure and slower technological advancements may hinder the growth of the e-learning market in these regions.
Competitive Landscape
Changing consumer preferences, technological advancements, and global economic conditions are a few of the variables propelling market expansion. Important players in the e-learning app market include Alison, Amazon Kindle, Byju’s, Coursera Inc., edX Inc., FutureLearn, Intellipaat, and Iverity.
