Global eLearning market booming

Dublin/Selbyville (Delaware) | The global eLearning market is undoubtedly booming. According to the updated study “E-Learning Market – Global Outlook and Forecast” by market researcher “Research and Markets”, the market is expected to grow at an annual rate of 8.5% from 2019 to 2024 and reach 238 billion US dollars by the end of 2024. Compared to other market researchers, “Research and Markets” assumes a slightly higher growth rate, but a lower overall market value. Other market researchers such as the US market researcher “Global Market Insights”, for example, assume that more than USD 300 billion will be generated in 2025. The annual growth rate, says Global Market Insights, is 7%.

But what are the reasons for the expected growth? – The Irish market researcher “Research and Markets” says that it is in particular an increased use of solutions for self-directed and lifelong learning in companies. But also, an increased use in the education systems. Global trends are based on AR/VR and mobile learning. In the market research study itself, “Research and Markets” makes a more precise differentiation of forecasts based, among other things, on regions, but also on the type and manner of the end user. In this way it is possible, for example, for readers to gain a more detailed insight into corporate learning in their own country of origin and in neighbouring countries.

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