November 12, 2020
According to the latest study on ‘Asia Pacific E-Learning Market Size By Technology, Provider, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, Asia Pacific e-learning market is anticipated to amass USD 90 billion by the year 2026.
Inclination of corporates to provide skill-based trainings to employees is the major catalyst for Asia Pacific e-learning industry growth. These solutions enable large organizations to train their workforce remotely, employees working in field, on manufacturing sites, or working from home. E-learning technology collects real-time data, monitors performance, and facilitates interaction, thereby enhancing the learning experience.
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As per COVID-19 pandemic hindsight, APAC e-learning market is poised to grow on account of strict social distancing measures imposed by the governments in various countries, encouraging educational institutes to opt for online lectures. Citing an instance, in South Korea, Ministry of Women & Family and MOE, collaborated with Ministry of Science & ICT to develop new digital learning solutions for software coding and 3D science experiments, thereby ensuring uninterrupted education.
Moving on to technology terrain, learning management system (LMS) segment of Asia Pacific e-learning market is slated to gain substantial traction over the forthcoming period, owing to surging demand for innovating enterprise learning solutions. The software allows delivery, management, and measurement of corporate e-learning objectives. Integration of cloud and AI technology with further augment the industry scenario.
Based on application spectrum, Asia Pacific e-learning industry from academic segment is touted to generate significant revenues by the year 2026, cites the report. Educational institutes are incorporating e-learning solutions to maintain social distancing and ensure safety of students and instructors during the hostile time of coronavirus pandemic. Also, government emphasis on improving internet infrastructure to facilitate digital learning will foster the market size.
Oracle Corp., SAP SE, Microsoft Corp., Saba Software, D2L Corp., Meridian Knowledge Solutions, Articulate Global Inc., CERTPOINT Systems Inc., Adobe Systems Inc., and Aptara Inc. are the established names in Asia Pacific e-learning market sphere.