Global Self Paced E Learning Market Overview:
Self paced e learning refers to learning in one’s time with one’s speed and with one’s schedule. Here an individual does not need to learn at the same pace as others and doesn’t need to complete the same assignments as the others. It gives the opportunity to proceed from one topic to another at one’s speed. With self-paced e-learning, no individual has pressure to complete the assignments and to learn at the same speed as others. An individual can learn until he understands the topic fully or he can quickly proceed if he understands the concept quickly. With decreasing data charges, increasing availability of high-speed internet, and rise in ed-tech start-ups self-paced e-learning is becoming popular. The global corporate e-learning market size will be worth USD 50 billion by 2026. Globally, the market for self-paced e-learning is boosted by ominous forecasts in the United States and China, the two largest markets for the class of products. Some of the players profiled in the study are Coursera (United States), YouTube (United States), edX (United States), BYJU’S (India), Unacademy (India), Udemy (United States), LinkedIn Learning (United States), Skillshare (United States), Thinkific (Canada) and Teachable (United States).
On the basis of geography, the market of Self Paced E Learning has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Smartphone will boost the Self Paced E Learning market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Options, the sub-segment i.e. Subscriptions will boost the Self Paced E Learning market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- There is a Rising Need For Self Paced E Learning Due to The Failure to Teach New Skills in Conventional Schools
- Self Paced E Learning is Becoming More Common as a Supplement to Classroom Learning to Help Students Understand Concepts Better
- There is a Growing Need For Self-Paced E Learning owing to the Availability Of Better And Expert Teachers On E Learning Platforms
- Gamification in Self-Paced E Learning To Keep Learners Engaged
- Self-Paced E Learning Is Becoming More Popular as A Means of Preparing for Competitive Exams
- Availability of Computers And Good Internet Connection is Mandatory in Self Paced E Learning
- Increasing Need to Accumulate Skills for Employability Will Boost the Demand of Self Paced E Learning
- Rising Preference to Self Paced E Learning by Employees Who Wish to Upgrade Their Skills While Working on The Job
- Lack of Social Circle Might Make Learners Uncomfortable In Self Paced E Learning
- Need of Expertise In Platform Building And Avoiding Bugs And Glitches
Key Market Developments:
Self Paced E Learning market is booming amid the requirement of new skills in the industry and convenience. Here, market leaders have most of the market share like YouTube and Coursera. Quality of content and availability of subjects influence the decision of the learner. In this market, focusing on niche markets like coding and then creating loyal coatomers is one of the best strategies as in the case of DataQuest. In this market, there is an opportunity for mergers as big players have more power and options as compared to small players.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Self Paced E Learning Providers, Government Regulatory and Research Organizations, End-Use Industries and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Self Paced E Learning market on the basis of product [Pre-recorded Lectures and Live Lectures] , application [K-12, Higher Education, Corporate Training and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Self Paced E Learning market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Self Paced E Learning industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Kajabi (United States), Podia (United States), WizIQ (India) and DataQuest (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Self Paced E Learning market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.