Portland, OR, Sept. 16, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the Asia E-learning/online Learning market was estimated at $38.25 billion in 2020 and is expected to hit $162.15 billion by 2030, registering a CAGR of 15.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.
Remote learning trends enforced by the pandemic and rise in adoption of smartphone and cellular technology are the major factors that drive the growth of the Asia E-learning market. On the other hand, lower interaction with fellow learners and peers and need for higher self-motivation and proper time management skills among learners impede the growth to some extent. However, time and cost-effective of e-learning and more personalized learning prospects are anticipated to offer lucrative opportunities in the industry.
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Impact of COVID-19 on online Learning Market in Asia (Pre and Post Analysis)
- In wake of COVID-19 pandemic, the Asia e-learning market has established a positive correlation strongly supported by four major factors including technology, government initiatives, blended learning, and penetration rate.
- The shutdown of colleges, schools, and other learning mediums during COVID-19 pandemic created multiple opportunities for e-learning, thereby increasing its adoption among the people.
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The Asia E-learning market is analyzed across provider, mode, courses, and end user. Based on provider, the content segment accounted for more than three-fourths of the total market share in 2020, and is expected to rule the roost by 2030. The services segment, however, would garner the fastest CAGR of 17.1% throughout the forecast period.
Based on mode, the cloud segment contributed to around three-fourths of the total market revenue in 2020, and is projected to lead the trail by 2030. In addition, the same segment would exhibit the fastest CAGR of 16.0% during the forecast period. The report also studies on-premise segment.
Based on country, the market across China held the major share in 2020, garnering more than three-fifths of the market. Simultaneously, the market across India would manifest the fastest CAGR of 23.2% throughout the forecast period. The other provinces discussed in the report include Japan, South Korea, and Sri Lanka.
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The key market players analyzed in the Asia E-learning market report include 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.These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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