The global e-learning app market is anticipated to expand at a compound annual growth rate (CAGR) of 5.8%, from US$ 267.5 billion in 2024 to US$ 470.1 billion by 2034, according to Fact.MR’s most recent industry report.
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:
§ Smart gadgets and internet access are necessary for e-learning.
§ Adequate internet and smart device availability are lacking in many developing nations.
§ Compared to developed countries, emerging countries have less bandwidth.
§ A digital divide arises as a result of this discrepancy between and among country populations.
§ Largely populated areas like Asia and Africa struggle because of their inadequate technical infrastructure.
§ Inadequate infrastructure and sluggish technology progress could impede the expansion of the e-learning sector in certain areas.
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.
Anthology, the parent company of Blackboard, Inc., partnered with GoPeer to expand the range of tutoring choices accessible to higher education institutions. Because of this partnership, Anthology’s clients can use Blackboard Assist or integrate GoPeer independently.
