Yahoo Finance Europe E-Learning Market size to reach $130bn by 2026, says Graphical Research
Major e-learning market players in Europe region Cisco Systems, Inc., Meridian Knowledge Solutions, Microsoft Corporation, Adobe Systems Inc., Oracle Corporation, and Skillsoft.
Pune, India, May 24, 2022 (GLOBE NEWSWIRE) --
As per a recent industry report put forward by Graphical Research, the Europe e-learning market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 130 billion by 2026.
The onset of COVID-19 pandemic across the European economies resulted in the crippling of various business including the globally humongous construction and automotive industries. Ironically though, the pandemic hasn’t been able to impact the burgeoning dynamics of the e-learning industry across the continent. In fact, coronavirus pandemic offered a significant boost to the overall market in Europe, as education institutions and corporate offices switched to online modes of connection, adopting digital learning techniques to ensure smooth business operations while also looking forward to abiding by the social distancing norms.
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Government intervention to augment use of e-learning platforms during pandemic times
While countries across the Europe, including Italy, were facing the wrath of COVID-19 infection, paralyzing several businesses and witnessing nationwide lockdown, various state and central governments came up with an idea of shifting corporates and educational institutions on digital platforms. Adding to this, these governments have begun undertaking required measures to proliferate the use of e-learning platforms so that education and corporate sectors observe constant and smooth functioning.
For instance, the Italian government had in early 2020 designed a website to support schools activate vivid forms of online learning during the lockdown period enforced due to pandemic scare. The links of several sections of the page enable users to reach and use the tools and platforms made feasible to educational institutions free of charge, enabled by particular protocols signed by the Ministry of Education.
In line with this, European Union had also generated funds to develop European Data Portal for facilitating e-learning program to provide clear introduction to open data, offer supporting materials, and deliver training on its basics. Such initiatives are likely to offer a positive growth trajectory to the overall e-learning market across Europe.
Technological breakthrough in e-learning
Europe has been undergoing tremendous technological and digital transformations in the field of e-learning over the past few years. Reports suggest that a strong technology landscape across the region is expected to contribute massively to the regional market.
The government of Germany has constructed a framework for action with the 5G strategy that was launched in 2017, with the motive of bolstering network expansion and advancement of 5G applications in the country.
Needless to mention that strong connectivity and robust telecom infrastructure across various economies will potentially augment the deployment of e-learning technologies in the region over the forthcoming years.
Increasing penetration of mobile e-learning
Europe boasts of a huge network of mobile phone users, which accounts for the expanding e-learning market scenario across the region. As per various credible sources, smartphone ownership rates are near to six in ten in different developed economies such as Poland, Russia, and Greece. This has enabled the mobile e-learning segment to gain massive momentum in the near future. In addition to this, rising penetration of robust internet connectivity in conjugation with escalating smartphone adoption would positively influence the overall market growth.
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Amplified picture of e-learning adoption across corporate sector
Across the overall Europe e-learning market, strategically driven by a huge application spectrum, the corporate sector is poised to accrue tremendous gains in the years to come, perhaps due to the incorporation of latest technologies to gain maximum productivity and profitability. Employers have been laying immense focus on adopting training techniques that enable them to reduce the training time during work hours while delivering them required work flexibility.
Apparently, these factors are driving the demand for mobile learning solutions which offers the employees an access to videos on the go.
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About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
CONTACT: Contact Us: Parikhit B. Corporate sales, Graphical Research Phone: 1-800-986-6917 Email: sales@graphicalresearch.com Web: https://www.graphicalresearch.com
