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E-learning services market over $800 Billion by 2030

Learning News

A new report has the market for e-learning services, worldwide, growing at 18.6% CAGR from $217 Billion to $842 Billion between 2023 and 2030.

E-Learning Services Market 2022-2030; source: ResearchAndMarkets
E-Learning Services Market 2022-2030; source: ResearchAndMarkets 

The global e-learning services market, which includes custom online learning development, game-based learning, responsive e-learning and translation and localization services, is anticipated to reach USD 842.64 billion by 2030, registering a CAGR of 18.6% from 2023 to 2030, according to a report by ResearchAndMarkets. 

E-learning Services Market Report Highlights

  • Market size: $217.57 Billion in 2022
  • Market growth: 18.6% CAGR to 2030
  • Market size forecast: $842.64 Billion by 2030

Custom E-learning services accounted for the largest revenue share of 31.5% in 2022, compared with other e-learning services: Responsive e-Learning, Micro e-Learning, Translation & Localization, Game-Based Learning and Rapid e-Learning. Game-Based Learning is expected to have the fastest CAGR of the e-learning services, 24.5%, driven by integrating gamification into workplace compliance training.

Comparing services for Instructor-led Virtual courses and Self-paced courses, the Instructor-led Virtual services segment held the largest revenue share of 59.1% in 2022.

Comparing services for Blended Learning, Mobile Learning, Virtual Classrooms and Simulation, the Blended Learning services segment held the largest revenue share of 35.3% in 2022. 

Based on technology: Cloud Computing, Artificial Intelligence, Augmented Reality and Virtual Reality and Big Data, the Cloud Computing services segment currenlty holds the largest revenue share of 35.0%. Artificial Intelligence will see the highest market growth of 24.3% CAGR.

Comparing the Academic, Corporate and Government sectors, Academic currently has the largest revenue share of 46.5%.

Companies profiled in the report include McGraw Hill, SAP, IBM, upGrad Education, NIIT, Adobe, LinkedIn, Docebo, Coursera, BYJU’S, edX, Udemy and Udacity.

The report is published by ResearchAndMarkets. For pricing and downloads visit the report webpage: Global E-learning Services Market report.