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United States E-learning Market Analysis 2024-2032 Featuring Market Leaders - Aptara, Adobe, Cisco Systems, GP Strategies, Instructure, Oracle, Pearson, Skillsoft, and Thomson Reuters
U.S. E-learning Market
Dublin, June 25, 2024 (GLOBE NEWSWIRE) -- The "United States E-learning Market Report by Technology, Provider, Application, Regions and Company Analysis 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The United States e-learning market surpassed US$122.34 billion in 2023 and will reach US$ 278.15 billion by 2032, with a CAGR of 9.56% from 2023 to 2032.
The e-learning market, also called the online education and training market, facilitates education and training by using electronic technology. Distance education or e-learning, Internet-based education, and online learning are applied in continuing education, corporate training, and other learning environments. LMS learning, face-to-face virtual classes, simulations, and multimedia tools are used since they make learning practical and exciting. E-learning can be self-paced; it entails no fixed time of subject delivery and provides opportunities for learners to learn in groups or one-to-one with instructors.
E-learning in the context of the United States offers a flexible, easy, and cost-effective means of delivery of education and training to fill the dynamic capacities of corporate and academic learners in the present world. With increasing acceptance in corporate and educational sectors and a focus on cost-effective training and learning solutions, the e-learning services market in the USA is expanding. An accumulation of these course content has proven daunting to these sectors, given its management and storage.
As per the Department of Commerce's National Telecommunications and Information Administration, Wireless Broadband in the United States recently issued a new report on federal endeavors in enhancing 'High-speed Internet. This effort reflects the Bipartisan Infrastructure Law, which funds the Internet for $65 Billion to improve access to higher-speed Internet across the United States. A new $48.2 Billion Office of Internet Connectivity and Growth (OICG) Of this investment, and the other $1.7 billion for broadband programs only," Ottoson noted at the end of the conference call. These activities, significantly increasing the accessibility of broadband services, will greatly help meet the increasing use of e-learning solutions in the United States.
The conventional content delivery method offers a solution because those who want to build an efficient library organization can do so via websites or applications. Due to new e-learning service trends, cloud use has been incorporated to provide flexibility regarding content storage, retrieval, and analysis. Online learning platforms in the cloud books come with other benefits, such as the capacity to teach students in different geographical regions, secure storage of students' data, and online backups, which are usually cheaper to run. Moreover, it simplifies the delivery of content and the students' access relative to the former emphasis on books and other related course materials.
A noteworthy observation is that many organizations spend a lot on training, which is one of the factors influencing market growth. Reentry Employment Opportunities opportunity is expected to get funding of $55 million for the ETA Financial Year 2024 President's Budget with a total of $170 million. This program will seek to enhance the employment prospects of those inmates who want to reintegrate into society and discourage repeat offenses by offering prime workforce necessary services of lower risk ex-offenders in society with significant challenges in accessing employment.
The budget also provides $200 million to begin the Sectoral Employment through Career Training for Occupational Readiness, SECTOR; this will involve setting up and forging partnerships of industry, offering one-stop solutions, as well as overseeing the development of training in new growth sectors. These necessities to up-skill and re-skill the workforce to help fit the growing job needs and tendencies and technological amendments are leading to improvement in the revenue of the United States e-learning market.
The United States e-learning market defines online e-learning as using different web-based tools and applied technologies, web courses, virtual classes, internet-based modules, and other multimedia. This involves using digital devices and the Internet through which students can access instructional materials anytime from any given location.
In the report of the National Center for Education Statistics (NCES), it was found that about 7.5 million students enroll in online courses. It is predicted that, in 2022, there will be 2.6 million students taking online classes in private universities. Additionally, 1.8 million are donated to nonprofit institutions and 800,000 to for-profit universities.
As of today, 1.1 million students are directly involved in online colleges and universities in the United States, and it constitutes nearly six percent of the total post-secondary learners in the nation. E-learning has constantly evolved over the years, with a more substantial shift to online e-learning, moving to more advancements in augmented reality, virtual reality, and artificial intelligence to follow the remarkable learning enhanced experiences for learners.
Key Attributes:
Report Attribute | Details |
No. of Pages | 140 |
Forecast Period | 2023 - 2032 |
Estimated Market Value (USD) in 2023 | $122.34 Billion |
Forecasted Market Value (USD) by 2032 | $278.15 Billion |
Compound Annual Growth Rate | 9.5% |
Regions Covered | United States |
Key Players Analysis:Overview,Recent Developments & Strategies, Product Portfolio & Product Launch in Last 1 Year, Revenue
Aptara Inc.
Adobe Inc
Cisco Systems
GP Strategies Corp
Instructure Inc.
Oracle Corp.
Pearson Plc.
Skillsoft Corp
Thomson Reuters Corp
Technology - Market was divided into 6 viewpoints
Online E-Learning
Learning Management System
Mobile E-Learning
Rapid E-Learning
Virtual Classroom
Others
Provider - Market was divided into 2 viewpoints
Services
Content
Application - Market was divided into 3 viewpoints
Academic
Corporate
Government
Regions - Market was divided into 4 viewpoints
Northeast
Midwest
South
West
For more information about this report visit https://www.researchandmarkets.com/r/uqr6f5
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