E-Learning Authoring Tools Software Market Size

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.