E-learning Market size in Europe to grow by USD 53.27 billion from 2021 to 2026, Driven by the availability of subject proficiency assessments and certifications - Technavio
NEW YORK, March 23, 2023 /PRNewswire/ -- The e-learning market in Europe size is estimated to grow byUSD 53.27 billion from 2021 to 2026 at a CAGR of 17.14% during the forecast period. The growth of the market is driven by factors such as the availability of subject proficiency assessments and certifications, increasing emphasis on personalized learning, and rapid adoption of digital platform-enabled education.
E-learning Market in Europe Insights -
Vendors: 15+, Including Adobe Inc., Articulate Global Inc., Cegos Group, Cengage Learning Inc., Cisco Systems Inc., City and Guilds Group, D2L Corp., Instructure Inc., Interaction Associates Inc., John Wiley and Sons Inc., Learning Technologies Group Plc, Mind Gym Plc, NIIT Ltd., Pearson Plc, Providence Equity Partners LLC, Richardson Consulting Group, Simplilearn Solutions Pvt. Ltd., and Skillsoft Ltd., among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: End-user (higher education, corporate, and K-12), product (packaged content and solutions), and geography (UK, Germany, and the Rest of Europe)
Several vendors like Pearson and Cengage Learning Holdings, offer a range of e-learning content solutions in the country. There is a growing shift toward personalized education in the UK over the last few years. Schools, colleges, and universities are increasingly adopting digital technology in their teaching curriculum. Furthermore, the growing focus by the UK government on the development of the education technology sector in the country has aided the growth in the adoption of digital learning in educational institutions.
E-learning Market In Europe ? Market Dynamics
Major Drivers -
The availability of subject proficiency assessments and certifications is a major driver supporting the e-learning market in Europe.
Assessments on the e-learning courses help evaluate the level of subject proficiency of learners, and aid in building learner awareness about their progress in learning a subject concept. E-learning courses enable learners to re-study the sections of subject content they have scored less during the assessment.
Vendors certify learners after the completion of their e-learning courses based on grades achieved in assessments.
Certificates received on specific subjects from vendors help learners build their credentials for future job opportunities.
Hence, regular assessments of the subject knowledge efficiency and certifications are expected to drive the growth of the market during the forecast period.
Key challenges -
High development costs of e-learning courses are a major factor hindering the e-learning market in Europe.
The development and design cost of e-learning courses is based on the instructional design model chosen.
For instance, the language course designed for children includes basic words and video graphics and for students at higher education levels, it includes more short lectures and direct conversations with tutors.
E-learning courses are to be updated on a regular basis to meet the changing technologies and market trends and to sustain competition in the growing e-learning market.
On average, the cost associated with the production of online course content for an hour is around USD 18,000.
The high development cost of e-learning courses is likely to slow down the growth of the market in focus during the forecast period.
Geographic Overview - The UK was the major market share holder in Europe in 2021. Several vendors, such as Pearson Plc and Cengage Learning Inc., offer a range of e-learning content solutions in the country. There has been a growing shift toward personalized education in the UK in recent years. Schools, colleges, and universities increasingly adopt digital technology in their teaching curriculum. Furthermore, the increased focus by the UK government on the development of the education technology sector in the country has aided the adoption of digital learning in educational institutions.
E-learning market in Europe - Vendor Insights
Technavio report analyzes the market's competitive landscape and offers information on several market vendors including ?
Adobe Inc. - The company offers Captive under learning hubb for e-learning. Articulate Global Inc. - The company offers Storyline 3 for e-learning to create interactive courses for any device.
Cegos Group - The company offers Cegos e-learning catalog on soft skills to provide a highly interactive and stimulating experience.
The corporate e-learning market is estimated to grow at a CAGR of 12.19% between 2022 and 2027 and the size of the market is forecast to increase by USD 44,908.64 million. The reduction in employee training costs for employers is the key factor driving the global corporate e-learning market growth.
The e-learning IT infrastructure market size is expected to increase by USD 164.56 billion from 2020 to 2025 at a CAGR of 15%. A key factor driving the e-learning IT Infrastructure market growth is the emergence of virtual schools.
E-learning Market in Europe Scope
Report Coverage
Details
Base year
2021
Historic period
2017-2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 17.14%
Market growth 2022-2026
USD 53.27 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
16.26
Regional analysis
Europe
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Adobe Inc., Articulate Global Inc., Cegos Group, Cengage Learning Inc., Cisco Systems Inc., City and Guilds Group, D2L Corp., Instructure Inc., Interaction Associates Inc., John Wiley and Sons Inc., Learning Technologies Group Plc, Mind Gym Plc, NIIT Ltd., Pearson Plc, Providence Equity Partners LLC, Richardson Consulting Group, Simplilearn Solutions Pvt. Ltd., and Skillsoft Ltd.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 49: Data Table on Packaged content - Year-over-year growth 2021-2026 (%)
6.4 Solutions - Market size and forecast 2021-2026
Exhibit 50: Chart on Solutions - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Solutions - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Solutions - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Solutions - Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by Product
Exhibit 54: Market opportunity by Product ($ million)
7 Customer Landscape
7.1 Customer landscape overview
Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Exhibit 56: Chart on Market share by geography - 2021-2026 (%)
Exhibit 57: Data Table on Market share by geography - 2021-2026 (%)
8.2 Geographic comparison
Exhibit 58: Chart on Geographic comparison
Exhibit 59: Data Table on Geographic comparison
8.3 UK - Market size and forecast 2021-2026
Exhibit 60: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 61: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 62: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 63: Data Table on UK - Year-over-year growth 2021-2026 (%)
8.4 Germany - Market size and forecast 2021-2026
Exhibit 64: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 65: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 66: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 67: Data Table on Germany - Year-over-year growth 2021-2026 (%)
8.5 Rest of Europe - Market size and forecast 2021-2026
Exhibit 68: Chart on Rest of Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 69: Data Table on Rest of Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 70: Chart on Rest of Europe - Year-over-year growth 2021-2026 (%)
Exhibit 71: Data Table on Rest of Europe - Year-over-year growth 2021-2026 (%)
8.6 Market opportunity by geography
Exhibit 72: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 73: Impact of drivers and challenges in 2021 and 2026
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 74: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 75: Overview on factors of disruption
10.4 Industry risks
Exhibit 76: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 77: Vendors covered
11.2 Market positioning of vendors
Exhibit 78: Matrix on vendor position and classification
11.3 Adobe Inc.
Exhibit 79: Adobe Inc. - Overview
Exhibit 80: Adobe Inc. - Business segments
Exhibit 81: Adobe Inc. - Key news
Exhibit 82: Adobe Inc. - Key offerings
Exhibit 83: Adobe Inc. - Segment focus
11.4 Articulate Global Inc.
Exhibit 84: Articulate Global Inc. - Overview
Exhibit 85: Articulate Global Inc. - Product / Service
Exhibit 86: Articulate Global Inc. - Key offerings
11.5 Cegos Group
Exhibit 87: Cegos Group - Overview
Exhibit 88: Cegos Group - Product / Service
Exhibit 89: Cegos Group - Key offerings
11.6 Cengage Learning Inc.
Exhibit 90: Cengage Learning Inc. - Overview
Exhibit 91: Cengage Learning Inc. - Product / Service
Exhibit 92: Cengage Learning Inc. - Key offerings
11.7 City and Guilds Group
Exhibit 93: City and Guilds Group - Overview
Exhibit 94: City and Guilds Group - Product / Service
Exhibit 95: City and Guilds Group - Key offerings
11.8 D2L Corp.
Exhibit 96: D2L Corp. - Overview
Exhibit 97: D2L Corp. - Product / Service
Exhibit 98: D2L Corp. - Key news
Exhibit 99: D2L Corp. - Key offerings
11.9 Instructure Inc.
Exhibit 100: Instructure Inc. - Overview
Exhibit 101: Instructure Inc. - Product / Service
Exhibit 102: Instructure Inc. - Key offerings
11.10 Interaction Associates Inc.
Exhibit 103: Interaction Associates Inc. - Overview
Exhibit 104: Interaction Associates Inc. - Product / Service
Exhibit 105: Interaction Associates Inc. - Key offerings
11.11 John Wiley and Sons Inc.
Exhibit 106: John Wiley and Sons Inc. - Overview
Exhibit 107: John Wiley and Sons Inc. - Business segments
Exhibit 108: John Wiley and Sons Inc. - Key offerings
Exhibit 109: John Wiley and Sons Inc. - Segment focus
11.12 Learning Technologies Group Plc
Exhibit 110: Learning Technologies Group Plc - Overview
Exhibit 111: Learning Technologies Group Plc - Business segments
Exhibit 112: Learning Technologies Group Plc - Key news
Exhibit 113: Learning Technologies Group Plc - Key offerings
Exhibit 114: Learning Technologies Group Plc - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 115: Inclusions checklist
Exhibit 116: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 117: Currency conversion rates for US$
12.4 Research methodology
Exhibit 118: Research methodology
Exhibit 119: Validation techniques employed for market sizing
Exhibit 120: Information sources
12.5 List of abbreviations
Exhibit 121: List of abbreviations
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