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NEW YORK, March 23, 2022 /PRNewswire/ — The “E-Learning Market In US by Product (content, technology, and services) and End-user (higher education, corporate, and K-12) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the e-learning market in us between 2020 and 2025 is USD 36.54 billion. To get the exact yearly growth variance and the YOY growth rate, Talk to our analyst.
E-Learning Market in US: Key Market Dynamics
- Market Driver – The key factor driving growth in the e-learning market is the evolved learning and education landscape. Access to education has improved in the country due to the advent of e-learning courses and distance learning programs, which are inexpensive when compared with university courses. The flexibility and functionality of e-learning courses will result in the evolution of the learning landscape in the US. The extensive digitalization of education and the growing number of Internet users have transformed the perception of online learning in the country. The demand for innovative courses such as augmented reality (AR)-based e-learning and blended learning is also increasing in the country. Hence, the evolved learning and education landscape drives the e-learning market in the US.
- Market Challenges – The competition from MOOCs will be a major challenge for the e-learning market during the forecast period. MOOCs provide an open environment and free access and are also cost-effective when compared with e-learning. Free access, community support, and a wide variety of content will attract several learners toward MOOCs. The scope of MOOCs is growing due to their semi-synchronicity, the incorporation of analytics, engaging course design, and free access to verified certificates and diplomas from major educational institutions and businesses. Hence, the increasing demand for MOOCs will affect the growth of the e-learning market in the US during the forecast period.
To learn about additional key drivers, trends, and challenges available –
Full story available on Benzinga.com
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