According to a new report by Valuates Reports, the global eLearning market size is projected to grow $370 Billion by 2026, from $226 Billion in 2020, at a CAGR of 8.56 percent during 2021-2026.
The reports came out only a day apart and their forecasts are very close to each other, with a difference of less than 5% in the total market size. Both reports offer geographic segmentation by region and country, along with other options, and come at a similar price of around three and a half thousand dollars for a single license.
The eLearning Industry is Segmented by Type (On-Premises eLearning, Cloud based eLearning), by Application (Academy, Corporate, Government). The report highlighted that there are a plethora of major factors driving the growth of e-Learning market size; among them are the rapid growth in internet connectivity in emerging economies, driven by the rising federal budgets, is likely to have a positive impact on market growth.