April 05, 2021
As cited by the business intelligence report titled ‘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 accumulate USD 90 billion by the year 2026.
As per the report findings, escalating demand for efficient learning programs for providing skill-based training to employees, along with rising adoption of mobile learning practice across the corporate sector are catalyzing Asia-Pacific e-learning market growth.
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Additionally, increasing utilization of e-learning solutions among organizations for accurately recording data and monitoring performance of employees, enhancing overall work efficiency, and providing real time feedback, is adding substantial traction to the industry expansion.
Speaking of the latest developments, paradigm shift towards digital learning amid the COVID-19 pandemic for maintaining social distancing is stimulating Asia-Pacific e-learning market outlook. Renowned players are developing new digital learning websites to ensure uninterrupted education during the global crisis.
Based on technology landscape, learning management systems (LMS) segment is slated to experience considerable expansion during the analysis timeframe. Integration of AI (artificial intelligence) as well as cloud-based technologies with LMS, surging demand for improvised enterprise learning programs, and high concentration of cloud technology providers in the region are fostering the segmental expansion.
Moving on to application spectrum, Asia-Pacific e-learning industry share from academic sector is expected to multiply substantial over 2020-2026. Favorable government initiatives aimed at amplification of internet infrastructure, along with rising adoption of online learning techniques among universities and schools for ensuring uninterrupted education amid the coronavirus pandemic are propelling the growth of the segment.
From a geographical viewpoint, South Korea, Australia, India, Singapore, Japan, and China are the key contributors of Asia-Pacific e-learning market valuation.
SAP SE, Saba Software Inc., Oracle Corporation, Microsoft Corporation, Meridian Knowledge Solutions, D2L Corporation, CERTPOINT Systems Inc., Articulate Global Inc., Aptara Inc., and Adobe Inc. are the top-tier organizations operating in this business sphere.