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Asia E-Learning Market Expected to Reach $162.15 Billion by 2030

 

Report Code : A13093

quote The COVID-19 pandemic has forced all schools and universities to switch to online education in South Korea. Transition to online education in the country has been mostly smooth, owing to its well-established IT infrastructure. Before the pandemic, the country had realized 99% of 4G coverage, with 5G under implementation; further, about 75% of households had access to computers and 99.5% had internet access. Further to enhance the quality of education within the country, the government has coined a new initiative termed “Education 4.0,” a hybrid education model that integrates role of technology, MOOC with universities and colleges. Under this initiative, the government focuses to leverage internet and establish a global collaboration between foreign and Korean universities. In addition, Korean universities also aim to collaborate with MOOC’s such as Coursera and eDx to provide latest knowledge and curriculums to students. Thus, the South Korea e-learning market is set to gain a lucrat quote

Abhijith Nair
Research Analyst, ICT at Allied Market Research

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According to a recent report published by Allied Market Research, titled, “Asia E-learning Market by Provider, Mode, Course and End User: Opportunity Analysis and Industry Forecast, 2021-2030,” the Asia E-learning market size was valued at $38,257 million in 2020, and is estimated to reach a value of $162,158 million by 2030, registering a CAGR of 15.7% from 2021 to 2030. E-learning or electronic learning is the delivery of learning and training through digital resources. Although e-learning is based on formalized learning, it is provided through electronic devices such as computers, tablets and even cellular phones that are connected to the internet. 

This makes it easy for users to learn anytime, anywhere, with few, if any, restrictions. Basically, e-learning is training, learning, or education delivered online through a computer or any other digital device.

Employee training is the most frequent type of e-learning for which organizations use LMS. Organizations utilize employee training for numerous reasons, such as onboarding new hires and improving employee performance. Training employees using an LMS formalizes training delivery and makes it more efficient. Compared to traditional training, e-learning more effectively encourages professional development by promoting knowledge and e-learning culture, thereby creating a positive scope for Asia E-learning market growth.

In 2020, the Asia e-learning market share was dominated by the content segment, and is expected to maintain its dominance in upcoming years as developments in technology such as deployment of web and cloud-based platforms increased adoption of e-learning methods, owing to its ease of operation and lower cost, which propels the market growth. In addition, e-learning allows learners to quickly and more easily complete their training, resulting in improved performance and greater productivity. Learners appreciate that they can participate in training at their convenience.

The service segment also plays a significant role in the market, owing to its rapid usage in technology integration, blended learning, and course setup. Traditional training can be expensive and often complex to maintain. E-learning removes the need for costly printed training materials and even on-site instructors. If modules within the content needs to change, it can be done easily through LMS without having to print and distribute updated training materials.

Post COVID-19, the size of the Asia e-learning market analysis is estimated to be $43,790 million in 2021, and is projected to reach $162,160 million by 2030.

COVID-19 pandemic has transformed working model of the educational sector by focusing more on online working models that has created a lucrative scope for the Asia e-learning market trends. After the outbreak of the pandemic, China was the first country to adopt online education courses and teaching methodologies, creating a higher investment scenario within the market. China’s education venture capital flow reached $19.8 billion in 2020, more than double the $9.5 billion since 2010. China benefits from having 283 million students from pre-kindergarten to higher education, which is further estimated to have a positive scope for the overall market. One of the major Chinese educational companies, TAL Education recorded a double growth in its revenue, the company has partnered with more than 300 public schools across China to stream free classes and its Xueersi unit is providing complementary K-12 online tutoring sessions. Other education companies in China are also launching more e-learning courses, while developing data tools to analyze student performance and help teachers track the progress.

Key Findings Of The Study

  • By provider, in 2020 the content is estimated to be the major shareholder. However, service is expected to witness highest growth rate during the forecast period.
  • On the basis of mode, the cloud segment accounted for the highest revenue in 2020, moreover, the cloud is expected to witness highest growth rate during the forecast period.
  • On the basis of course, the higher education segment accounted for the highest revenue in 2020, however, the online certification and professional course is expected to witness highest growth rate during the forecast period
  • On the basis of end user, the academics sector accounted for the highest revenue in 2020, however, the government segment is expected to witness highest growth rate during the forecast period.
  • Country wise, the Asia E-learning industry was dominated by China. However, India is expected to witness significant growth in the upcoming years. 

Major companies operated within the market are Adobe Systems Inc., Aptra Inc., Articulate Global Inc.,Certpoint systems Inc,. Cisco systems Inc,. Citrix Education Inc., D2L Corporation, Microsoft Corporate, Oracle Corporation, and SAP SE.

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quote Asia E-Learning Market by Provider (Content and Services), Mode (On-Premise and Cloud), Course (Primary and Secondary Education, Higher Education, Online Certification and Professional Course, and Test Preparation) and End User (Academic, Corporate, and Government): Opportunity Analysis and Industry Forecast, 2020–2030 quote

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