Newly released Course Authoring Software Market analysis report by Future Market Insights shows that global sales of Course Authoring Software Market in 2023 are anticipated to value at USD 1,018.5 million. With a 14.1% projected growth during 2023 to 2033, the market is expected to reach a valuation of USD 3,820 million in 2033. Revenue through the on-premises deployment of course authoring software is expected to be the highest, projected to register a 14.1% CAGR from 2023 to 2033.
| Attributes | Details |
|---|---|
| Global Course Authoring Software Market Size (2023) | USD 1,018.5 million |
| Global Course Authoring Software Market Size (2033) | USD 3,820 million |
| Global Course Authoring Software Market CAGR (2023 to 2033) | 14.1% |
| United States Course Authoring Software Market Size (2033) | USD 1.2 billion |
| United States Course Authoring Software Market CAGR (2023 to 2033) | 13.8% |
| Key Companies Covered | Articulate Global Inc.; Brainshark Inc.; Easygenerator B.V.; Elucidat; iSpring Solutions, Inc.; LearnWorlds (CY) Ltd; Lessonly, Inc.; SAP Litmos; Adobe Inc.; Instructure, Inc. |
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As per the Course Authoring Software Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2018 to 2022, value of the Course Authoring Software Market increased at around 12.0% CAGR. With an absolute dollar opportunity of USD 2.5 billion, the market is projected to reach a valuation of USD 3,820 million by 2033.
Currently, businesses are fast embracing digitalization, which is driving the demand for trainers and education specialists to deliver interactive courses using software that lets students create their own websites, courses, and global positioning systems, among other things. The popularity of the quick authoring process has increased dramatically in recent years. The use of the course authoring software results in less time and money spent on training and more engaging content delivery. Reduced training expenses, greater performance, and content reuse are some of the few advantages offered by these solutions. The market for course authoring software has expanded as a result of the increased need for effective course authoring software brought about by the expansion of e-learning.
Potential drivers of the course authoring software market growth include the growing digitalization of the education industry. For better learning and results, the education industry has largely incorporated Course Authoring Software. For the purpose of teaching and content development, ed-tech businesses, educational institutions, and organizations use gadgets including smart devices, digital interactive displays, tablets, smartphones, VR gadgets, and AR gadgets. The increasing use of digital technology is also being propelled by additional resources including online/e-learning courses, online tests, virtual learning, edutainment, and digital publications.
The opportunities for course authoring software include free content, and peer-to-peer problem solving among others. Course authoring software enables users to develop and contribute content to a shared learning space. Many content management systems (CMS) allow users to contribute and develop content for a shared learning space. These tools typically provide templates or themes to help users create a cohesive and visually appealing learning space, as well as tools to help manage content revisions and approvals. Additionally, many CMSs include social features that allow users to share content with others in the community and collaborate on projects. Some popular CMSs that allow for course authoring include WordPress, Drupal, and Moodle.
The authoring of courses can be a daunting task, especially if there is a lack of requisite knowledge or skills. This is where course authoring software comes in handy. However, there are certain restraints to using such software. If the author is based in a developing nation, the technical workforce required to develop and maintain such software can be quite costly. Additionally, the lack of knowledge about how to use the software can lead to subpar results.
North America leads the global course authoring software market. The investment growth for education technology services and solutions in North America is significantly high due to the existence of course authoring software service providers, smart device producers, cloud service providers, and widespread technological advancements in the field among educational institutions and corporate organizations. In the aftermath of the ongoing pandemic and school closures across major North American countries, the constant implementation of distance learning via online classes and online exams and assessment tools is propelling the growth for learning technology, which is fueling the demand of North America course authoring software market.
In terms of economic growth and the prognosis for the online education business, APAC is a highly dynamic region. The region is particularly distinguished by the presence of numerous developing countries, like China, India, and so many South Asian countries, where investment in the online education industry and Edtech firms is quite significant. Rising urbanization, technology use in the education sector, and a growing number of corporate enterprises is among the key driving factors that make APAC an appealing market for the growth prospects of the course-authoring software industry.
The United States is expected to account for the highest market share of USD 1.2 billion by the end of 2033. The education technology business has been growing at a rapid pace in the United States, owing to the widespread adoption of sophisticated online courses among end users and increased investment and support in Ed-tech start-ups. The country’s significant expenditure on education has been fuelling the growth of course authoring software market.
The cloud-based deployment of course authoring software is expected to account for a CAGR of 13.8% by the end of 2033. Over the last several years, there has been an increase in demand for cloud-based services and cloud computing globally. One of the key aspects propelling cloud-based solutions across the education sector and business space globally is the use of cutting-edge technical solutions, improved services, and operational productivity. These software options provide ed-tech institutions with clear scalability and a flexible user interface, enabling them to lower overall costs and operational hazards. Numerous industry verticals are integrating cloud services into their corporate operations due to benefits including simple algorithms, changing cloud architecture, user-based billing, high security, regular data backups, and quick implementation.
In 2022, the Educational Institutes sector had the greatest market share among the End User Type. It is expected to have a 13.6% CAGR for the forecasted period in the global market. The need for course authoring software within educational institutions is being greatly fueled by the growth in the number of universities, colleges, and medical labs as well as the trend toward e-learning. The increased requirement for training as a result of the introduction of new innovative techniques and technologies is another factor driving demand in the enterprise category.
To keep an existing position in the course authoring software market, players that operate in it focus on techniques including market initiatives, mergers, and product launches. Some of the major companies like Articulate Global Inc., Brainshark Inc., Easygenerator B.V., Elucidat, iSpring Solutions, Inc., LearnWorlds Ltd, Lessonly, Inc., SAP Litmos, Adobe Inc., and Instructure Inc. are featured in the report.
Some of the recent developments for the Course Authoring Software Market are:
Similarly, more recent developments related to companies in Course Authoring Software Market services have been tracked by the team at Future Market Insights, which are available in the full report.
The market is projected to generate USD 1,018.5 million in sales by 2023.
The global market is set to be worth USD 3,820 million by 2033.
The market is estimated to advance at a 14.1% CAGR through 2033.
Between 2018 and 2022, sales surged at a 12.0% CAGR.
By 2033, the United States is predicted to have a substantial market share of USD 1.2 billion.
Cloud-based segment is projected to expand at a CAGR of 13.8% by 2033.
Course Authoring Software Market
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