The e-learning market is estimated to grow steadily supported by increasing adoption of e-learning solutions in the government sector to offer a user-friendly, flexible, and fully customizable learning experience. There have been several innovations in AI-enabled e-learning which has greatly helped improve users’ technical and academic skills.
There has also been a significant shift towards e-learning as to the current work-from-home policies incorporated by companies amidst the COVID-19 pandemic. Content providers are introducing a wide range of e-learning courses on several subjects which tend to be inexpensive and allow users to learn more content in less time. These courses also offer the flexibility of learning at one’s own pace which encourages students to use online courses for skill enhancement.
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Considering the growing adoption, e-learning course providers are working on new products and offerings. For example, in 2020, Oracle announced free access to online learning certifications and content for Oracle Autonomous Database and Oracle Cloud Infrastructure. Based on such developments, Global Market Insights, Inc., reports that the e-learning market may exceed USD 1 trillion by 2027.
Rapid e-learning technology delivers courses quickly within timelines along with the correct instructional design. Compared to the conventional e-learning method, rapid e-learning helps in giving faster online courses through the leveraging of authoring tools. It helps in distributing information quickly, based on systematically developed and designed instructional products.
Meanwhile, LMS technology is likely to experience robust adoption owing to its benefits of allowing learners to access courses from different types of mobile devices coupled with real-time reporting. Cloud-based LMS technology enables users to learn on any device, hence raising its implementation for various use-cases.
With regards to application, the government sector is projected to be a major consumer of e-learning services. Rising emphasis on upgrading the technical skills of federal agencies as well as extensive government investments for research activities is facilitating the adoption of e-learning. There is also a surging focus on adopting digital technologies and enhanced delivery of public administrative services via digitalized channels which is boosting e-learning initiatives in the public sector.
Geographically speaking, the Europe e-learning market is likely to undergo significant progress owing to the adoption of modern learning methods by leading companies. Several firms in the region are focusing on employee skill enhancement and are training them to adapt to upcoming industry technologies. E-learning technology is helping companies to offer training easily to a large number of employees cost-effectively and in less time.
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Globally, the e-learning market consists of companies such as Aptara, Inc., Cisco Systems, Inc., Saba Software, Citrix Education, Inc., Adobe Systems, Inc., Apollo Education Group, Allen Interactions Inc., D2L Corporation, SAP SE, Oracle Corporation, CERTPOINT Systems, Inc., Articulate Global, Inc., Kallidus Ltd., Intuition Publishing, Learning Pool, and Microsoft Corporation, among others.
In 2020, Microsoft Corporation introduced an initiative to assist 25 million people globally acquire the digital skills necessary in the COVID-19 economy, including low-cost certifications, free job-seeking tools, and free access to learning paths and content.
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