United States E-learning Market

United States E-learning Market Size:

The United States e-learning market size reached US$ 122.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 278.3 Billion by 2032, exhibiting a growth rate (CAGR) of 9.3% during 2024-2032. The market is primarily driven by the increasing internet penetration, widespread adoption of edtech learning platforms, and the growing investment in corporate training programs.

United States E-learning Market Analysis:

• Major Market Drivers: The growing requirement for adaptable learning substitutes owing to busy lifestyles, and the comprehensive use of digital technologies in education, due to improvements in internet infrastructure and mobile devices, are driving the market expansion. 
• Key Market Trends: The increasing acceptance of customized learning programs that are adapted to each student's needs and the development of adaptive learning technologies that make use of artificial intelligence (AI) and machine learning (ML) algorithms are positively influencing the United States e-learning market growth.
• Competitive Landscape: The market is influenced by the coexistence of new and developing businesses that are providing specialized courses with well-established firms. Additionally, e-learning platform agreements with academic institutions provide approved online degrees and certifications, which further create opportunities for numerous key players.
• Challenges and Opportunities: The challenges comprise making certain that everyone has access to e-learning materials, resolving issues with online learning platforms, and getting past obstacles to digital literacy. Additionally, the United States e-learning market recent opportunities include expanding into untapped niche markets, leveraging emerging technologies like virtual reality (VR) and augmented reality (AR) to create immersive learning experiences, and meeting the growing demand for lifelong learning.

United States E-learning Market Trends:

Increased Internet Penetration

As per the new report on federal activities in high-speed Internet services by the Department of Commerce's National Telecommunications and Information Administration (NTIA). This endeavor is consistent with the Bipartisan Infrastructure Law, which sets aside $65 billion to advance stable and accessible high-speed Internet service in respective areas of America. Moreover, the Office of Internet Connectivity and Growth (OICG) is responsible for overseeing $48.2 billion from this major investment in addition to $1.7 billion in broadband programs. Thus, the initiatives outlined, particularly the substantial investment in improving high-speed Internet access, significantly boost the e-learning demand in the United States.

EdTech Market Expansion

The IMARC Group prediction for the United States EdTech market is expected to increase at a compound annual growth rate (CAGR) of 14.80% between 2024 and 2032. The increased use of digital technologies for administrative and instructional purposes is driving this growth. Additionally, providers are developing and broadening their offerings to encompass a greater range of subjects and learning methodologies, including AI-driven individualized learning experiences, as e-learning becomes more integrated into the educational sector. Besides this, it greatly expands the market scope for e-learning services by serving the needs of traditional educational institutions and also new opportunities in informal education, professional development, and lifetime learning. Hence, as per the United States e-learning market forecast, the market is witnessing continued growth and innovation due to evolving consumer needs across the region.

Corporate Investment in Training

The commitment of various to capitalize considerably in training reflects a considerable driving force for market growth. Additionally, the Reentry Employment Opportunities program is listed to get $55 million in funding, for a total of $170 million, as per the Employment and Training Administration (ETA) Financial Year 2024 President's Budget. It aims to improve employment chances and lower reoffending rates by training essential workforce development services to marginalized populations experiencing major job obstructions. Along with this, $200 million is allotted in the budget to begin the Sectoral Employment through Career Training for Occupational Readiness (SECTOR) initiative which will create and grow industry alliances, offer all-encompassing assistance, and design training programs specifically for developing industries. Thus, this need to upskill and reskill the workforce due to the changing job needs and technological breakthroughs is generating United States e-learning market revenue.

United States E-learning Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2024-2032. Our report has categorized the market based on technology, provider, and application.

Breakup by Technology:

• Online E-Learning
• Learning Management Systems
• Mobile E-Learning
• Rapid E-Learning
• Virtual Classroom
• Others
   

Online e-learning accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the technology. This includes online e-learning, learning management systems, mobile e-learning, rapid e-learning, virtual classroom, and others. According to the report, online e-learning represented the largest segment.

As per the United States e-learning market overview online e-learning covers numerous digital platforms and tools, such as web-based courses, virtual classrooms, interactive modules, and multimedia resources. It uses digital devices and the internet to provide students the freedom to access instructional materials at any time and location. As per the National Center for Education Statistics (NCES) report, approximately 7.5 million students enrolled in online courses at public universities in 2022. Furthermore, 2.6 million more students attended private universities through remote learning, with 1.8 million attending nonprofit institutions and around 800,000 attending for-profit universities. Approximately 1.1 million students are enrolled in online colleges and universities in the United States, making up approximately 6% of all postsecondary learners. As a result, with the advent of technologies such as augmented reality, virtual reality, and artificial intelligence, online e-learning is still developing and providing learners with individualized and immersive learning experiences, which is positively generating United States e-learning market revenue.

Breakup by Provider:

• Services
• Content
   

Content holds the largest share of the industry

A detailed breakup and analysis of the market based on the provider have also been provided in the report. This includes services and content. According to the report, content accounted for the largest market share.

Content providers can refer to a wide range of organizations, such as universities, training departments of corporations, independent content producers, and specialist e-learning platforms. These suppliers provide an extensive selection of educational products, programs, and services suited to different target audiences and learning goals. Additionally, content providers can now create engaging, interactive learning materials in a wide range of subjects and disciplines, meeting the changing needs of students in both professional and academic contexts, due to the widespread use of digital content development tools and platforms. Besides this, content providers further consolidate their position as the largest segment by utilizing cutting-edge technologies like gamification, virtual reality, and artificial intelligence to improve the efficacy and engagement of their products, thus creating a positive United States e-learning market outlook.

Breakup by Application:

• Academic
  • K-12
  • Higher Education
  • Vocational Training
• Corporate
  • Small and Medium Enterprises
  • Large Enterprises
• Government
   

Academic (Higher Education) represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the application. This includes academic (K-12, higher education, vocational training), corporate (small and medium enterprises, large enterprises), and government. According to the report, academics (higher education) represented the largest segment.

The academics or higher education including online degree programs, courses, and learning materials that institutions provide to traditional and non-traditional students represent the leading segment. As its flexibility allows students to pursue degrees and certifications online while juggling other obligations like employment and family, e-learning is becoming popular in higher education. As a result, in 2021, around 53% of Americans obtaining postsecondary degrees chose to take courses online in part, while about 26% only used online resources for their education. As per the report, remote learning remained highly prevalent with the fact that 59% of college students took part in some capacity in online learning in 2021. For instance, as per the World Economic Forum, Coursera gained more online learners, totaling 92 million in 2022. At present, Academic (Higher Education) continues to be a major player in the American e-learning sector, fostering accessibility and innovation in postsecondary education.

Breakup by Region:

• Northeast
• Midwest
• South
• West
   

South leads the market, accounting for the largest United States e-learning market share

The report has also provided a comprehensive analysis of all the major markets in the region, which include the Northeast, Midwest, South, and West. According to the report, the South was the largest market for e-learning in the United States.

The south region includes populated states like Texas, Florida, and Georgia, and a diversified geographic terrain. Additionally, the South is leading the way in e-learning for several reasons, including its large population, fast urbanization, and rising use of digital technologies. The region's prominence in the e-learning market is further enhanced by the large number of traditional and online educational institutions that are located there. Besides, the United States e-learning market recent developments by key players are also driving the market in the South region of the country.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have been provided with some of the major market players in the United States e-learning industry.
• At present, the United States e-learning companies are implementing various strategies to expand and develop smart and user-friendly interfaces for e-learning platforms. It allows key players to concentrate on improving accessibility and user experience. Along with adding features like interactive content and individualized learning pathways, it also entails optimizing mobile compatibility. These players are growing the range of courses they provide, including courses for professional and academic advancement to serve a wide range of businesses and subjects. In addition, major businesses want to offer pertinent, high-quality information that adapts to learners' changing demands.

United States E-learning Market Report Scope:

Key Questions Answered in This Report:

• How has the United States e-learning market performed so far, and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States e-learning market?
• What is the breakup of the United States e-learning market on the basis of technology?
• What is the breakup of the United States e-learning market on the basis of provider?
• What is the breakup of the United States e-learning market on the basis of application?
• What are the various stages in the value chain of the United States e-learning market?
• What are the key driving factors and challenges in the United States e-learning market?
• What is the structure of the United States e-learning market, and who are the key players?
• What is the degree of competition in the United States e-learning market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States e-learning market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the United States e-learning market.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States e-learning industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.