Dublin, May 21, 2024 (GLOBE NEWSWIRE) -- The "Brazil eLearning Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The Brazil e-learning market is expected to reach a value of $4.27 billion by 2029 from $2.02 billion in 2023, growing at a CAGR of 13.28% from 2023-2029
The Brazil e-learning market report contains exclusive data on 41 vendors. The competitive scenario in the Brazilian e-learning market is intensifying, with global and domestic players offering diverse services. These players constantly strive to gain a larger market share by introducing new and innovative products and services. A few major players dominate the market in terms of market share. Anthology, Cogna Educacao, Hotmart, Pearson, and Telefonica are some companies currently dominating the market.
Rise In Internet Penetration: The rising internet penetration, coupled with the increasing affordability of Internet services, is a significant driver for the e-learning industry. As more individuals gain access to high-speed internet connections, especially in Brazil, where internet infrastructure is rapidly expanding, the potential audience for online learning grows exponentially.
According to the Organisation for Economic Cooperation and Development (OECD), the number of people using the Internet is considerably higher, as Brazilian households tend to be larger than the average OECD household, and there seems to be a phenomenon in Brazil where neighbors share broadband subscriptions. This driver fuels the demand for e-learning platforms and content, enabling learners to access educational resources conveniently from anywhere with an internet connection.
High Demand For Learning Language Digitally: The high demand for learning languages digitally signifies a growing preference for online language learning platforms and resources such as Hotmart, Udemy, etc. With globalization and increased opportunities for international communication and collaboration, proficiency in multiple languages has become a valuable asset.
This driver prompts the development of specialized language learning applications and platforms, offering interactive lessons, live tutoring sessions, and immersive language experiences. Market players can leverage this trend by providing comprehensive language learning solutions, incorporating features like speech recognition technology, cultural immersion modules, and personalized learning paths to meet the diverse needs of language learners, thereby establishing themselves as leaders in the digital language education market.
KEY HIGHLIGHTS
The learning management system (LMS) segment showcases the highest growth in the Brazil e-learning market during the forecast period. The segment is driven by the customization offered by the LMS platforms. It allows organizations and educational institutions in Brazil to tailor the learning experience according to their specific needs and branding requirements. Integrating emerging technologies, such as artificial intelligence (AI), machine learning, and virtual reality (VR), enhances LMS platforms' functionality and user experience, making them more appealing to learners and instructors in Brazil.
The self-paced learning segment is growing significantly, with the fastest-growing CAGR of 15.72% in the Brazil e-learning market. The segmental growth can be attributed to the flexibility it offers to study at their own pace and convenience, allowing them to balance their educational pursuits with other personal and professional commitments. This flexibility benefits adult learners, working professionals, and individuals with diverse learning styles or preferences.
Based on the function type, the training segment held the largest Brazilian e-learning market share in 2023. Training programs in Brazil focus on skill development and knowledge acquisition, providing learners with the necessary competencies and expertise to excel in their respective fields or industries. They emphasize hands-on learning and practical application, allowing learners to practice new skills, techniques, and methodologies in simulated or real-world scenarios, thus helping segmental growth.
KEY QUESTIONS ANSWERED
- How big is the Brazil e-learning market?
- What is the growth rate of the Brazil e-learning market?
- What are the key trends in the Brazil e-learning market?
- Who are the major players in the Brazil e-learning market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 86 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $2.02 Billion |
| Forecasted Market Value (USD) by 2029 | $4.27 Billion |
| Compound Annual Growth Rate | 13.2% |
Key Vendors
- Anthology (Blackboard)
- Cogna Educacao
- Hotmart
- Pearson
- Telefonica
Other Prominent Vendors
- eduK
- Learncafe
- Alura
- Veduca
- Buzzero
- Cursos 24 Horas
- Udemy
- Estrategia Concursos
- EBAC
- Garage Criativa
- Skillsoft
- Degrau Cultural
- IbacBrasil
- NIIT
- Cisco
- Instructure
- Adobe
- Oracle
- Eadbox
- Coursera
- Thomson Reuters
- Afferolab
- Eduqo
- Letrus
- Virtual Educa
- MasterClass
- GP Strategies
- Macmillan Education
- Cornerstone
- edX
- Estacio
- Litmos
- LinkedIn Learning
- Simplilearn
- Unacademy
- Udacity
Segmentation & Forecast
By Delivery Type
- Packaged Content
- LMS
- Others
By Learning Mode
- Self-paced
- Instructor-led
By Function Type
- Training
- Testing
By End-users
- Corporate
- Higher Education
- K-12
- Government
- Vocational
For more information about this report visit https://www.researchandmarkets.com/r/mfzzb0
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
