October 29, 2020
According to a recent study titled ‘Mobile Learning Market Size By Solution By Provider By Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, global mobile learning market is projected to register a healthy growth rate through 2026.
Improving network connectivity worldwide, rising penetration of smartphones, tablets, and other mobile devices, along with increasing government efforts to promote digital education system are major factors contributing to global mobile learning market expansion.
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Further, rising focus among firms towards adopting BYOD model to optimize costs, upsurge in content digitization, rise in number of e-learning content providers, and growing integration of mobile learning solutions across higher education institutes are enhancing the industry growth. However, lack of a reliable supporting infrastructure, adaptability & compatibility issues, and high mobile data costs will negatively impact global mobile learning industry outlook in the coming years.
Based on solution, portable LMS segment of global mobile learning market is anticipated to grow considerably in the upcoming years, owing to strategic alliances between content developers and LMS solution providers.
Meanwhile, interactive assessments segment is set to record a robust growth rate over the forecast duration, cites the report. Integration of techniques and knowledge of classroom with flexibility and scalability of mobile technology, as well as better user interface to improve learning experience are bolstering the segmental share.
Based on provider, content segment of global mobile learning market is likely to grow exponentially in the upcoming years, driven by demand for information on a vast range of topics for the target audience. Collaboration between mobile learning providers and domain experts for delivering specific and customized content is further boosting the segmental growth.
Speaking of application spectrum, worldwide mobile learning market share from government segment is slated to experience significant growth over the analysis period, owing to increasing number of government initiatives and investments aimed at digitizing education, encouraging integration development, and social welfare.
Considering the regional outlook, Latin America is likely to emerge as major contributor to global mobile learning industry remuneration. As per the World Bank, nearly 87% of Latin Americans own a mobile phone. Moreover, by the end of 2020, smartphones will account for 68% of the overall network connection and 76% of the populace will have active mobile bandwidth subscriptions. Hence, increase in availability of mobile bandwidth in recent years, and upsurge in the utilization of cellular phones are fostering the regional market growth.
Companies that have a majority stake in worldwide mobile learning market are IBM Corp., EI Design Pvt. Ltd., Dell, Inc., Citrix Systems, Inc., Cisco Systems, Inc., Business Training Library LLC (BizLibrary), Allen Communication Learning Services, Inc., and Adobe, Inc. among others.