E-learning Authoring Tools Software Market size is poised to reach USD 4.9 Billion by the end of 2036, growing at a CAGR of 14% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the e-learning authoring tools software was USD 1 Billion and the reason behind the market's growth is the demand for virtual reality technology is increasing as it becomes a major driver for increasing interactive and immersive educational environments. According to a report by the National Library of Medicine, VR is helpful for students with autism, as a study in 2007 by Strickland et al. showed that children with autism can apply skills they had learned in a virtual environment to the real world, which includes skills in fire and street/road safety.
For instance, the increase in demand for flexible and personalized learning experiences has also been acting as a key driver of growth in the education technology sector.
Furthermore, the growing integration of mobile devices and the widespread adoption of mobile technology along with the education demand. According to the data from Q3 2021, in total 7, about 7 countries exceeded 5+ hours of screen time per day on their phones, and about 18 countries exceeded the average time of about 3 hours 43 minutes.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~14% |
Base Year Market Size (2023) |
~ USD 1 Billion |
Forecast Year Market Size (2036) |
~ USD 4.9 Billion |
Regional Scope |
|
Product Type (Cloud-based, On-premises)
The cloud-based segment in the e-learning authoring tools software market is estimated to gain a robust revenue share of 68% in the coming years owing to the improved data protection and security for user data that is managed and stored by the software. The data is stored on secured and remote servers and can ensure greater privacy and security from data breaches and losses. According to a survey by Netwrix in March 2022, more than 720 IT professionals were surveyed all over the globe using online questionnaires, and about 80% of the organization's data is stored in cloud-based storage.
Deployment (Subscription, One-time)
The subscription segment in the e-learning authoring tools software market is set to garner a notable share shortly and is likely to remain the second largest segment in the application of the market as with a subscription-based model, the liability for the software and its maintenance and support is on the provider, which can reduce the risk and responsibility of the subscribers, who need only to focus on the actual utilization of the software. Subscription-based models often provide a more straightforward mechanism for scaling up or down the resources, as they can be acquired on demand and paid every month. This can enable subscribers to respond easily to changing requirements and needs without incurring a big cost.
End-user (Organizations, Individual)
The organization segment is set to garner a notable share shortly and is likely to remain the second largest segment in the end-user segment of the e-learning authoring tools software market as it creates the base for e-learning authoring tools software systems. With the growing demand for remote work and the requirement for more flexible education solutions for businesses, there has been a shift toward virtual and hybrid education.
Our in-depth analysis of the global e-learning authoring tools software market includes the following segments:
Product Type |
|
Deployment |
|
End-users |
|
North American Market Forecast
The e-learning authoring tools software market in North America is estimated to have the largest share of about 41% in 2023, impelled by the growing demand for businesses to create interactive as well as engaging content for the employees, as the demand for the eLearning industry is expected to grow up to 10% yearly. Furthermore, the growth in the upgrade of technological advancements in universities and institutions in this region. According to a report by GSMA, in 2021, more than 329 million people subscribed to mobile services, which is about 84% of the total population of this region, such factors are expected to fuel the demand for eLearning authoring tools and software in the region.
APAC Market Statistics
The Asia Pacific e-learning authoring tools software market is estimated to be the second largest, during the forecast period led by the availability of the internet in low-cost access and higher adoption of robotics and modern mechanics, this in return raises the demand for this industry. Furthermore, there is an increasing demand for the customization of learning solutions and the content of multiple languages for catering the diverse audiences.
Author Credits: Abhishek Verma
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