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IN THE NEWSJuly 2021: Articulate Global closed a funding round worth USD 1.5 billion, which was led by General Atlantic, and joined by funds managed by managed by ICONIQ Growth and Blackstone Growth.
April 2020: eLearning Brothers, a learning solutions enterprise acquired Trivantis, with the aim to expand its product portfolio and provide easy learning accessibility with the help of Trivantis’s e-learning authoring tool Lectora.
The global e-learning authoring tools software market is estimated to garner a sizeable revenue and grow at a CAGR of 15.6% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing investments in e-learning programs by companies across the globe, and growing digitalization of the education sector. Along with these, escalating demand for online courses around the world, coupled with the rising number of registrations for online learning programs, are also expected to drive significant market growth in the upcoming years. In 2017, the United States accounted for the largest number of enrollments for online programs, with the total number of registrations being more than 3 million. This number was calculated to be about 2 million for Europe. Furthermore, surge in funding for EdTech startups that are integrating advanced technologies such as AR/VR and artificial intelligence in education solutions is projected to offer ample growth opportunities to the market in the near future.
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The market is segmented by type of solution into online authoring tool, standalone authoring tool, video authoring software, rapid application development (RAD) tools, and others, out of which, the standalone authoring tool segment is anticipated to hold the largest share in the global e-learning authoring tools software market. This can be accounted to the high cost-effectiveness, excellent scalability, and easier course creation offered by this type of authoring tools. Additionally, on the basis of end-user, the corporate segment is predicted to grab the largest share during the forecast period owing to the high requirement to train employees in organizations as a result of advent of new and innovative procedures and technology. Apart from these, the usage of e-learning for increasing productivity in corporate training is also assessed to boost the growth of the market segment in the near future.
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
On the basis of geographical analysis, the global e-learning authoring tools software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the rapid economic development, and growing registrations for online courses in countries, namely China, India and Indonesia. In India, out of the total enrollment of courses online, undergraduate programs held the largest share of more than 60 percent, followed by post graduate programs with a share of about 28 percent. In addition, favorable government policies regarding online learning are also expected to accelerate the market growth in the region in the near future. Moreover, the market in North America is anticipated to acquire the largest share during the forecast period, which can be credited to the high adoption rate of e-learning tools, especially in the United States, and strong presence of major market players in the region.
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The global e-learning authoring tools software market is further classified on the basis of region as follows:
Our in-depth analysis of the global e-learning authoring tools software market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The major factors driving market growth are increasing investments in development of e-learning programs, and growing digitalization in education sector.
The market is anticipated to attain a CAGR of 15.6% over the forecast period, i.e., 2022 – 2030.
Growing number of data security breaches and privacy issues, and high competition from open-source content authoring tools are estimated to hamper the market growth.
Asia Pacific will provide more business opportunities for market growth owing to the rapid economic development, and growing registrations for reskilling and online certifications in countries, namely China, India and Indonesia.
The major players in the market are Adobe Inc., Articulate Global, LLC, TechSmith Corporation, eLearning Brothers, iSpring Solutions Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type of solution, end-user, deployment, and by region.
The corporate segment is anticipated to hold largest market size and is estimated to grow at a steady CAGR over the forecast period and display significant growth opportunities.
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