Augmented and virtual reality technologies will help to drive the elearning market northwards to almsot US$0.5 Trillion dollars by 2027, doubling from its market size of US$250 billion in 2020, accoring to the latest global elearning market report from ResearchAndMarkets.com.
Amid the COVID-19 crisis, the global market for E-Learning estimated at US$250.8 Billion in 2020, is projected to reach a revised size of US$499.1 Billion by 2027, growing at a CAGR of 10.3% over the period 2020-2027. Academic, one of the segments analyzed in the report, is projected to record 10.2% CAGR and reach US$314 Billion.
China forecast to grow at 12.2% CAGR
China, the world's second largest economy, is forecast to reach a projected market size of US$118.6 Billion by 2027 trailing a CAGR of 12.2% over the period 2020 to 2027. Japan 7.6% CAGR; Canada 8.6% CAGR; Germany 9.7% CAGR.
The report E-Learning - Global Market Trajectory & Analytics is available at ResearchAndMarkets.com and covers all major economies including France, Italy, UK and US. 290 companies are featured, including: Absorb Software, Articulate, Cornerstone OnDemand, Coursera, D2L, Hurix Systems, Pearson Education and Skillsoft.