Market size for e-learning in the UK and Europe
In Europe, the e-learning market is anticipated to increase by $53.27 billion between 2022 and 2026, expanding at a CAGR of 17.14%. A comprehensive analysis, market size and projection, trends, growth drivers, challenges, and vendor analysis for about 25 vendors are all included in the study on the European e-learning industry.
A 4 percentage point (pp) increase from 23% in 2020 to 27% in 2021 was reported by EU citizens aged 16 to 74 who had taken an online course or used online learning materials in the three months just before the poll.
Ireland had the largest percentage (46%) of citizens ages 16 to 74 enrolled in online courses or accessing online learning resources in 2021 among all EU Member States. The Netherlands came in second with 44%, followed by Finland and Sweden, both of which registered 45%.
On the opposite end of the spectrum, only 10%, 12%, and 18% of people in Romania, Bulgaria, and Croatia reported taking online courses or using online learning resources frequently.
Create and offer courses and certificates for universities in collaboration with them (public or private colleges).
Create online courses with different certifications and themes.
Professional certification is available from organizations and knowledgeable instructors.
Partner with reputable businesses and organizations and provide them with training materials.
Best eLearning platform
One of the main factors boosting the e-learning sector in Europe is the availability of topic competence tests and certificates. Evaluations of the e-learning courses’ assessments aid in determining the students’ level of subject expertise. Additionally, they help students become more conscious of how well they are understanding a particular concept. With the use of e-learning programs, students can review the portions of the course material where they performed poorly on the exam. After completing their e-learning courses, students receive certificates from vendors based on the results of evaluations. Learners can strengthen their credentials for potential career prospects by obtaining certifications on particular topics from suppliers. Vendors in the European e-learning industry provide consumers with subject courses at various competence levels, from entry-level to high proficiency. Regular evaluations of topic knowledge effectiveness and certifications are therefore anticipated to be the main elements spurring the expansion of the market under consideration over the forecast period.
One of the main e-learning industry trends in Europe driving the expansion of the market is the increasing adoption of content gamification in digital education. The demand for mobile learning apps has increased as a result of the widespread use of smartphones and the expanding internet.As more people use mobile learning apps, other vendors, such content producers and platform providers, have been inspired to make their goods more mobile-friendly. A number of e-learning suppliers provide gamified content modules that address particular themes utilizing multimedia elements like infographics and audio-visuals. By completing assessments in the form of interactive quizzes and games, students may gauge their understanding of the material. Through an engaging educational environment, gamification encourages student collaboration in learning. Overall, it is anticipated that throughout the projection period, the notion of content gamification in digital education would support the expansion of the e-learning market in Europe.
One of the challenges facing the European e-learning business is the high development costs for online courses. Depending on the instructional design methodology selected, e-learning course development and design costs will vary. For instance, a language course for young learners might have simple words and visuals, whereas one for students in higher education might feature more brief lectures and one-on-one interactions with teachers. The roles of the instructional design team, project management team, technical staff specialists, and subject matter experts (SMEs) are all involved in the development process. The average price of producing an hour’s worth of online course material is about $18,000.
To stay competitive in the expanding e-learning market and to keep up with changing technologies and market trends, e-learning courses must be updated frequently. The investments rise over time as a result of frequent modifications to the current e-learning courses that include new data and training methodologies. Therefore, the focus market’s expansion during the projection period is likely to be slowed down by the high development costs connected with e-learning courses.
Other emerging trends and difficulties that will have a significant impact on the market growth are also covered in detail in this research of the European e-learning market. The companies will be able to assess and create growth strategies for 2022–2026 with the aid of the actionable information on the trends and difficulties.
E-learning is a fantastic idea for imparting high-quality education without the need for physical infractions. In the UK and Europe, Shine Academy sparked a revolution in e-learning education. From 2020 to 2022, we examined three years’ worth of data from five E-Learning platforms. And we discovered Shine Academy to be the superior E-Learning platform over the competition.
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