The generic e-learning courses market in the US was valued around $9 billion in 2015 and is expected to surpass $14 billion by 2020, says Technavio.
Technavio has announced its latest market research report on generic e-learning courses for the forecast period, 2016-2020. This market analysis, under the education technology vertical, discusses the major drivers and key emerging trends that will influence the growth of the generic e-learning courses market in the US during the forecast period. Some of the top vendors listed in this industry analysis include City & Guilds Kineo, Macmillan Learning, Pearson Education, and Skillsoft.
“Generic e-learning course providers create and deliver content with the aid of advanced technologies such as next-gen LMS. The advanced LMS helps analyze user-generated content available online, wherein, users can search and select relevant content and can create profiles to share content via tags, posts, ratings, and newsfeeds. It also allows the embedding of YouTube videos and SlideShare presentations directly while designing course lessons,” says Jhansi Mary, a senior analyst at Technavio for research on education technology.
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This new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Horizontal learning applications
The corporate and academic sectors have widely adopted online learning methodologies. The regular course curriculum in institutions consists of online course content in the form of generic e-learning courses, wherein the students are encouraged to access online resources of study materials for further references. Such courses are increasingly replacing traditional textbooks to cope with the digitalization of the education system in the US. The institutions are adopting various learning and teaching methods, such as blended learning, flipped classroom, and virtual classrooms. The corporate sector too is replacing its face-to-face training sessions and training materials with online courses to make use of the time and resources allotted. Courses in areas such as ethics, compliance, and soft skills are deployed across organizations in any field. Onboard training programs and induction sessions provide new employees with the time to understand the corporate policies in a detailed manner. Most programs and sessions are generic in nature, so they can be implemented by any type of organization.
Generic e-learning courses, a cost-effective model
The incorporation of generic e-learning courses in organizations not only helps save costs but also develops a customized course content. With respect to training provisions for employees, corporates have started conducting online training sessions. Learning and training through online resources provides flexibility to candidates by allowing them to access information and complete the course anytime and anywhere. E-learning courses are beneficial not only for students and employees but also for faculty members and trainers and best-suited for individuals who want to pursue more than one course simultaneously. In the corporate segment, employees have the flexibility to learn the desired course without compromising their office productivity and the faculties that provide online teaching have the advantage of being able to work from anywhere.
Improved course management
With almost all schools and universities publishing standard and customized content digitally, there is an important requirement to develop virtual libraries to provide quality content to students for any grade and subject, irrespective of location. This not only ensures continuity of knowledge sharing but also reduces the education content procurement costs for students and faculty. In this method, the students can utilize virtual libraries to access various subject related information through online resources. These libraries archive content by topic, regional curriculum standards, and complexity levels. Moreover, virtual libraries provide strong opportunities for self-publishers to create and store their content that can be accessed by students at a fee. These libraries store content in all formats and provide adequate guidance to users to explore related digital educational content. The adoption of generic e-learning course will grow significantly over the next four years, and digital libraries will allow institutions to store and manage course materials in a hassle-free manner. The availability of storage and management solutions for these courses is alluring users to acquire generic e-learning courses.
Some of the other prominent vendors identified in this report are Atomic Training, Cisco Systems, dominKnow Learning Systems, Elucidat, DuPont Sustainable Solutions, ej4, NIIT, Premier IT, Vivid Learning Systems, Vubiz, and Yukon Learning.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Generic E-Learning Courses Market in the US 2016-2020‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Smart Education Market in the US 2016-2020
- Global E-learning Market 2016-2020
- Global Corporate E-learning Market 2016-2020
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