Online Learning Software and Platform Market Size to Grow USD 19090 Million by 2030 at a CAGR of 15.7% | Valuates Reports

BANGALORE, India, Aug. 12, 2024 /PRNewswire/ -- Online Learning Software and Platform Market is Segmented by Type (Cloud, On Premises, Mobile), by Application (K-12, Higher Education, Vocational Training): Global Opportunity Analysis and Industry Forecast, 2023-2029.

The Global Online Learning Software and Platform Market was valued at USD 6801 Million in 2023 and is anticipated to reach USD 19090 Million by 2030, witnessing a CAGR of 15.7% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Online Learning Software and Platform Market:

The market for online learning platforms and software is expanding rapidly because of the rise in mobile device usage, increased internet connectivity, and the growing need for flexible learning alternatives. The contemporary employment market has made skill improvement and lifelong learning imperative, leading many people to choose online platforms for ongoing education. Due to its affordability and scalability, online learning is now being used by businesses and educational institutions. This expansion is also fueled by government efforts and the growing popularity of MOOCs; the combination of AI and data analytics improves tailored learning experiences. Another important aspect driving market development is the globalization of education, which makes chances for cross-border learning possible.

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TRENDS INFLUENCING THE GROWTH OF THE ONLINE LEARNING SOFTWARE AND PLATFORM MARKET:

The market for online learning platforms and software is expanding due in large part to the increasing demand for flexible learning choices. For many students, traditional educational institutions can be confining since they frequently call for set timetables and places. People with different responsibilities, including working professionals, parents, and those living in rural places, may now access education more easily thanks to online learning systems that allow them to learn at their own speed and on their own time. In an increasingly interconnected world where time zones and individual schedules can differ greatly, this flexibility is especially desirable. Online learning's increasing attractiveness as more people try to juggle their education with other obligations is driving industry expansion.