The Asia E-Learning Market surges, driven by tech adoption, expanding internet access, and a demand for flexible, accessible education solutions.
PORTLAND, OREGON, UNITED STATES, November 20, 2023 /EINPresswire.com/: The Asia E-learning market 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.
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Employee training is the most frequent type of e-learning for which organizations use an 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’s 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 the upcoming years as developments in technology, such as the deployment of web and cloud-based platforms, increase adoption of e-learning methods owing to their ease of operation and lower cost, which propels market growth. In addition, elearning 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.
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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 need to be changed, it can be done easily through the LMS without having to print and distribute updated training materials.
Post-COVID-19, the size of the Asia e-learning market is estimated to be $43,790 million in 2021 and is projected to reach $162,160 million by 2030. The COVID-19 pandemic has transformed the working model of the educational sector by focusing more on online working models, which has created a lucrative scope for Asian 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.
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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 Corporation, Oracle Corporation, and SAP SE.
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