The growing advent of technology coupled with the availability of several smart devices has given rise to online learning. It’s no wonder why millions of students across the globe opt for online learning. The rising of e-learning has made a huge change in the system and opened great opportunities for everyone who wants to learn something. Moreover, increasing prevalence of comfort and convenience to learn anytime and anywhere is driving the online education globally.
Online learning is a kind of educational services that are taken place via the Internet from any remote location. In simple terms, online learning is to learn or study with the help of the Internet. The e-learning has evolved with the three main perspectives includes widening access to educational opportunity; enhancing the quality of learning; and reducing the cost of higher education.
The integration of e-learning has enabled several open source tools, applications and software are freely available which can be used to develop an interactive environment with the integration of available resources. These factors affect the market demand positively.
Market Segment by Companies,
Adobe, Blackboard, Cisco, Instructure, NIIT, Pearson
Internet infrastructure will surge the e-learning market in North America
North America is dominating the market led by Asia-Pacific and Europe. Technological advancements in North America is witnessing the market growth. The US and Canada are the largest revenue generators in the e-learning market in this region. The rising availability of internet infrastructure and the high penetration of smart devices such as smartphones and tablets in North America are driving the growth of the e-learning market.
Integration of open source tools will keep the e-learning system grow substantially
The demand and supply ratio of education is unfavourable considering the huge population in developing economies. To revolutionize this gap, e-learning based classroom environment can be used in Universities, Colleges and leading Institutions. Almost all the universities have some sort of resources that can facilitate e-learning ecosystem with the help of open source tools like shared workspaces, LMS, Lecture Capturing Software’s, Audio Response System, Virtual Learning Environments, QR Codes, and e-portfolios. ‘E-learning’ being a ‘teacher-less’ delivery mode, allows students to learn and get certified with enormous benefits.
In the end, e-learning will emerge as the most prominent learning tool in for education across the globe. Stringent government regulations and immense free online learning tools will attract customers towards the benefits of online learning.