As the eLearning industry is on the rise, the EdTech field has seen significant investor interest. Venture Capital investors can see the favorable dynamics of the global education and training market.
L&D industry reports say EdTech companies raised capital more easily since COVID-19.
Highlighted below are some of the insights you can look forward to catching while reading this report:
Even before COVID-19, education technology has been rapidly growing. As a result, EdTech companies’ numbers increased, with worldwide EdTech investments had reached US$18.66 billion in 2019.
In 2019, the global eLearning industry was anticipated to be worth US$144 billion, and by 2026, it is projected to be worth US$374 billion. As a result of COVID-19, the EdTech industry has continued to grow faster, as more and more teaching is accessed remotely and on online platforms.
To keep up with the changing conditions, reports on EdTech became very significant. L&D industry reports, educational market reports, LMS (Learning Management System) market reports, and specifically edtech or eLearning market reports became common and favorable in the field. These reports both affect and forecast the future of EdTech funding and investment.
Before diving into our research topics, let’s quickly look at what EdTech actually means and why EdTech research is significant.
What Is EdTech?
Educational technology, also known as EdTech, brings IT technologies into the class to make learning more interactive, accessible, and personalized.
The worldwide LMS market is divided into solutions and services based on its elements. The services category is predicted to proliferate, while the solution segment is expected to grow slower. Moreover, Software-as-a-Service (SaaS) platforms or EdTech sustain the foundation of Learning Management Systems in the evolved technological era.
Learning Management Systems support the management of the learning process and the creation of an interactive learning environment, with a variety of features that foster the development of learning abilities.
The market has transformed the teaching-learning process by supporting students in improving their productivity through the provision of unlimited and timeless access to
- digital instructional content,
- learning tools,
- and services for schools and educational institutions.
Furthermore, LMS platforms change educational institutions by providing virtual classrooms and learning environments that allow students and professors to communicate freely.
The Importance of EdTech Research
The core purpose of EdTech is to transform the entire educational system and address academic problems. Here, we are not only talking about the transformation of teaching materials from print to digital format. Even better, by enhancing pedagogy and the learning experience, EdTech promises to bring much greater integration of creative solutions into the classroom.
Moreover, organizations and institutions benefit from LMS solutions to organize and automate their online teaching and training courses.
Many companies utilize LMS platforms to
- train their staff whilst also lowering the cost of training,
- pass on experience and understanding about their goods and services,
- facilitate business methods and practices,
- increase productivity and interdepartmental interactions,
- promote products and educate customers,
- and employ and evaluate their employees.
Therefore, any government or corporation concerned about increasing their return on investment in education and learning systems should take note of and research the global expansion in the eLearning sector based on the rapidly developing LMS market. Besides, following LMS reviews and eLearning market trends became vital for the education field and fır the eLearning market forecast.
Which Topics Does Our Research Include and Analyze?
As a result, we’ve put up a market report that summarizes the current situation of the LMS global and regional markets. Furthermore, to build a study that may enlighten and advise enterprises and institutions in the eLearning industry, our analysts studied and examined many metrics and publications by global analysts and researchers.
Below, we have listed some of our research areas and topics for you. Read our research for a better understanding and detailed analysis of these topics.
- An overview of the global eLearning market
- An overview of market providers’ insights
- An assessment of the global LMS market
- Trends and factors driving and restraining the growth of the LMS market
- The impact of the COVID-19 pandemic on the growth of the LMS industry during and after the lockdown
- Developing eLearning market trends to watch out for in the LMS industry
- A detailed highlight of the LMS market segmentation
- An insight into the types of LMS platforms and their adoption in several regions
- Top players in the LMS industry
