E-Learning Authoring Tools Software Market: Segmented: By Solution Type (Online Authoring Tool, Standalone Authoring Tool, Video Authoring Software, Rapid Application Development (RAD) Tools, Others), By Deployment (On-Premise, Cloud), By End User (Corporate, Education, Others), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
[ 170 + Pages Research Report ] E-Learning Authoring Tools Software Market to surpass USD 4.38 billion by 2031 from USD 0.97 billion in 2021 at a CAGR of 16.2% in the coming years, i.e., 2021-2031.
Software program that allows users to create learning content, lessons, and courses using text, media, and interactivity is known as an elearning authoring tool. Typically, such content is created for use in a learning management system (LMS) and can be saved in a variety of formats. To use the software, a user does not require any technical programming knowledge. Elearning authoring tools, on the other hand, are typically pre-programmed and provide a ready-to-use interface with templates, material, tools, interactions, and assessments that the user can quickly arrange and manage.
Global E-Learning Authoring Tools Software Market is expected to project a notable CAGR of 16.2% in 2031.
Companies across the globe are expanding their investments in e-learning programs, and the education sector is becoming more digitalized, which is moving the market forward. Along with these factors, increased demand for online courses around the world, as well as rise in the number of people registering for online learning programs, are likely to propel the industry forward in the coming years.
The Standalone Authoring Tool segment is expected to grow with the highest CAGR during 2021-31
On the basis of Solution Type, the global E-Learning Authoring Tools Software Market is fragmented into Online Authoring Tool, Standalone Authoring Tool, Video Authoring Software, Rapid Application Development (RAD) Tools, and Others. In the worldwide e-learning authoring tools software market, the standalone authoring tool segment is expected to hold the greatest share. This can be attributed to the writing tools' great cost-effectiveness, outstanding scalability, and ease of course design.
The Corporate segment is expected to grow with the highest CAGR during 2021-31
Global E-Learning Authoring Tools Software Market is classified on the basis of End User into Corporate, Education, and Others. Owing to the growing need for training personnel in companies as a result of the introduction of new and innovative methods and technology, the corporate segment is expected to capture the biggest share over the projected period. Apart from these, the use of e-learning to improve efficiency in corporate training is expected to drive the market segment's growth in the near future.
The Growing Investment in E-Learning programs by companies
The market's expansion can be ascribed to firms throughout the world increasing their spending on e-learning programs, as well as the education sector's expanding digitalization. Along with these factors, increased demand for online courses around the world, as well as an rise in the number of people registering for online learning programs, are likely to propel the industry forward in the coming years. Furthermore, a rise in financing for EdTech companies that are integrating new technologies such as augmented reality (AR/VR) and artificial intelligence (AI) into education solutions is expected to provide the market with ample growth prospects in the near future.
Benefits Offered by E-Learning Authoring Tools
Accessibility from any device at any location, decreased training expenses, greater performance, and content reuse are just a few of the advantages provided by these solutions. The rise of e-learning has fueled demand for effective course-authoring software, propelling the course-authoring software market forward.
High cost associated with the E-Learning Authoring Tools Software
The market's growth is being hampered by high cost associated along with increasing number of data security breaches and privacy issues, as well as fierce competition from open-source content writing tools.
Global E-Learning Authoring Tools Software Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Due to rapid economic development and rising registrations for online courses in developing nations, the Asia Pacific market is expected to rise significantly over the forecast period. Furthermore, favorable government laws regarding online learning are projected to accelerate market expansion in the region in the not-too-distant future. The market in North America is expected to grow at the fastest rate during the forecast period, owing to the high adoption rate of e-learning tools, particularly in the United States, and the region's strong presence of significant industry participants.
During the outbreak of COVID 19, the industry has faced numerous obstacles. Due to government immigration limits, stay-at-home orders, and general anxiety about the spread of virus, the pandemic has hampered the education sector to some extent in the first two quarters of 2020.
Global E-Learning Authoring Tools Software Market is further segmented by region into:
E-Learning Authoring Tools Software Market Segments:
|Market size value in 2021||USD 0.97 Billion|
|Revenue forecast in 2031||USD 4.38 Billion|
|Growth Rate||CAGR of 16.2% from 2021 to 2031|
|Base year for estimation||2020|
|Quantitative units||Revenue in USD million and CAGR from 2021 to 2031|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Solution Type, Deployment, End User, and Region|
|Regional scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Key companies profiled||Adobe Inc., Articulate Global, LLC, TechSmith Corporation, eLearning Brothers, iSpring Solutions Inc., Allen Interactions Inc., Brainshark, Inc., dominKnow Inc., Elucidat Inc., Gomo Learning Limited, and Other Prominent Players.|
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