Remote Learning Technology Spending Market

Taking Online Learning to the Next Level

With government restrictions on workforce and student populations in businesses and educational institutes, amidst the coronavirus crisis, organizations are struggling to provide conventional training and education services. Despite high potential for consumer volumes in multiple verticals, operators are having to reduce their scope of operations. However, the requirements for timely education and training certifications to meet annual requirements provide impetus to the adoption of online learning solutions in the short term.

While online learning resources provide self-paced courses or pre-recorded video lectures, the lack of structure and interpersonal interactions, result in poorer outcomes. Remote learning technologies take online education to the next level, by potentially recreating a classroom environment for scheduled lectures for group learning activity.

The coronavirus pandemic has caused a number of organizations to adopt remote learning technologies, as premises are closed to students and employees, while providing education and training materials, online through live interactions. The approach provides structural benefits and greater accountability. These factors will bolster scope of applications through the forecast period.

Greater Success Likely During Covid-19 Crisis

Following the advent of the coronavirus pandemic, a significant number of school facilities are likely to increase their budgets to support home learning approaches for the duration of the coronavirus lockdowns. Most conventional schools are faced with a shortage of digital learning infrastructure to meet the needs of the transition to remote learning models.

According to the Educational Policy Institute the average spending by schools across a number of categories has gone up by more than 40%. However, the same for ICT infrastructure has only risen by around 17%.

Consequently, this shortage of spend prior to the covid-19 crisis has resulted in poor preparedness, which in turn has now resulted in a major acceleration towards remote learning technology spending in a bid to minimize educational disruptions.

Key Challenges

There are some drawbacks associated to the application of remote learning technologies. For instance, while remote learning can mimic conventional classrooms to a substantial degree, it is still constrained, particularly in terms of student-to-student interactions. In addition, many educational institutes and businesses are unprepared in terms of training and education material tailored for remote learning usage.

Also, remote learning is limited in flexibility as compared to conventional online learning approaches. As a result, remote learning restricts potential learners, especially adults working full time, to access scheduled remote learning classes.

Further, remote learning is highly dependent on access to seamless internet and operational computing device infrastructure. These are continuing issues in developing countries and in rural areas, limiting penetration of remote learning technologies in many countries. These factors will slow the spending on remote learning technologies in the long term.

Region-wise Analysis

North America Remote Learning Technology Spending Market

North America, led by the United States is a dominant market for remote learning technology spending. According to Future Market Insights research, the region roughly accounted for 30% of the global market in 2019.

The United States is generating key revenue generation opportunities owing to adoption of solution of e-learning solutions by businesses in a number of end use sectors to improve employee productivity, and also by educational institutes for students training in a wide range of disciplines.

Also, strong development of telecom infrastructure and access to new technologies for education and corporate applications. Government initiatives towards the deployment of 5G infrastructure are creating a favorable environment for seamless remote learning processes.

Education institutes across the region are encouraging the applications of new digital learning methods, while corporate entities are also making use of remote learning to train existing and new employees for the duration of the coronavirus pandemic.

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East Asia Remote Learning Technology Spending Market

The East Asia market for remote learning technology spending is a fast-growing market, primarily led by China. According to FMI research, East Asia is likely to surpass North America in terms of market share, by the end of the forecast period in 2030, to become the largest market for remote learning technology spending.

Rapid growth in investments for vocational training and the expansion of internet infrastructure in China are key contributory factors. As the government takes increasing interest in monitoring the e-learning sector, the deployment of systematic regulatory frameworks will influence market developments in the near future.

The coronavirus pandemic has also had a major role to play in the spending on remote learning technologies, not just in China, but also in Japan, and South Korea. Major telecom companies in the world are investing in the development of education content for remote learning. For instance, LG UPlus of South Korea has unveiled smart phone apps for school students in collaboration with education companies such as Sigong Group.

With the wide penetration of online education models during the pandemic, remote learning technologies could potentially become mainstream, not only for the duration of the crisis, but even after.

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South Asia & Pacific Remote Learning Technology Spending Market

South Asia is projected to be the fastest growing regional market for remote learning technology spend, with a massive CAGR of 20.5% to reach a valuation of over US$ 40 billion by the end of the forecast period (2020-2030). India is reflecting high growth potential owing to the large young-age population and the resultant gains in the e-learning industry, especially post the advent of the coronavirus crisis.

Also, the shortage of conventional education infrastructure in India and ASEAN countries to meet additional student volume, with growing digital literacy, and high penetration of smartphones are generating lucrative growth opportunities.

Australia and New Zealand are also major markets in the region, supported by substantial student demand for tech innovations in education services, further driven by growing levels of competition among institutions, and the steady reduction in costs of purchasing and deploying remote learning tools.

FMI’s study has scrutinized the remote learning technology spending market in 20+ countries across North America, Latin America, Europe, South Asia & Pacific, East Asia, and Middle East & Africa. Request a regional/country-wise sample.

Category-wise Insights

Remote Learning Software Exhibits Higher Demand

Spending on remote learning technologies can largely be divided on the basis of software and services. Of these remote learning software accounts for higher demand, and an approximate market share of over 60% throughout the forecast period.

Virtual classroom software in particular have gained substantial growth following the coronavirus outbreak owing to the popularity of online whiteboards and video conferencing for education and training purposes, ranging through a wide range of industry verticals including research, aviation, healthcare, and more.

Learning Modules are Sought-after

Remote learning technology spending on instructor-led training and learning modules continue to hold major revenue share throughout the assessment period. Online learning modules on a wide range of topics, supported with collaborations with instructors who are domain experts for better development of content is aiding growth.

In addition, the growing partnerships between remote learning service providers and LMS solution developers enable superior scalable operations for training and education content for students at regional, national and international scales.

Academic Institutions Exhibiting High Growth

Remote learning technologies are used by enterprises, academic institutions, government organizations, and individual users. Of these, academic institutions account for the fastest growth and the largest market share.

The coronavirus pandemic has been a major driver for remote teaching, with reputed academic institutes from around the world being able to provide their course materials to all corners of the globe through internet penetration. Also, as use of remote learning technologies gain ground in academics, these institutes can provide education content at lower costs and could potentially allow flexibility in the duration of the courses, which will drive spending in the long term.

Competitive Landscape

Major players in the remote learning technology market are capitalizing on the growth in demand for e-learning platform during the coronavirus crisis. Market players are also investing in the development of remote learning and certification programs and associated software solutions, aimed towards a large range of end users including teachers, students, tech professionals, architects, and developers.

Oracle Corporation for instance, has announced the introduction of content and cloud certification programs for professionals free of cost for the duration of the coronavirus lockdown. The company has also delivered its Ge2 Cloud Infrastructure for remote learning operations for the Taibah University in Medina.

SAP has collaborated with Skillsoft for the development of Content Stream, a LMS platform for corporate enterprises for reskilling and upskilling operations for employees through web and mobile interfaces for collaborative and social learning capabilities.

IBM Corporation has unveiled SkillsBuild Reignite, a digital learning platform for professionals and students in the UK for free online courses and mentoring support for topics ranging from artificial intelligence, security, data analytics, and cloud, through a regional network of organizations including City Gateway, Salute My Job, ACH, and YouthFed.

In addition to these, some other key participants in the remote learning spending market include:

• Microsoft Corporation
• Adobe
• Blackboard Inc.
• e-Zest Solutions
• WizIQ Inc.
• Hurix
• Allen Interactions Inc.
• Cornerstone OnDemand Inc.
• PeopleFluent
• Instructure Inc.
• Skillsoft
• Infor

The list is only indicative – full list of remote learning technology spending market key players is available upon request.

Remote Learning Technology Spending Market Report: Scope

Attribute	Details
Forecast Period	2020-2030
Historical Data Available for	2015-2019
Market Analysis	US$ Million for value
Key Regions Covered	North America, Latin America, Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)
Key Countries Covered	US, Canada, Brazil, Mexico, Germany, U.K., France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Segments Covered	Solution, Learning Mode, End User, and Region
Key Companies Profiled	Oracle Corporation, Microsoft Corporation, SAP, Adobe, Blackboard Inc., e-Zest Solutions, WizIQ Inc., Hurix, Allen Interactions Inc., IBM Corporation, Cornerstone OnDemand Inc., PeopleFluent, Instructure Inc., Skillsoft, and Infor (only indicative list)
Report Coverage	Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Key Questions Answered by the Report

• What is the remote learning technology spending market size?

  The global remote learning technology spending market size was US$ 43 billion in 2019. The estimated growth rate for the remote learning technology spending market will be 14.7% CAGR between 2020 and 2030.

• Which is the largest market for remote learning technology spending?

  North America is currently the largest market for remote learning technology spending globally, owing to the rising adoption of e-learning solutions in varying end use sectors for student and employee training.

• Which are the top companies in global remote learning technology spending market?

  Infor, oracle Corporation, IBM Corporation, Microsoft Corporation, Adobe, and SAP are among the leading market players.

• What is the use of remote learning technologies?

  Remote learning technologies will enable businesses and academic institutions to provide optimized training for employees and students with social learning, augmented reality and gamification approaches for superior learning retention.

• In which solutions are remote learning technologies available?

  Companies usually provide remote learning technology solutions in two types – software and services. The demand for software solutions is relatively higher.

• What is the outlook of South Asia & Pacific in the remote learning technology spending market?

  Remote learning technology spending market in South Asia & Pacific is experiencing exponential growth, given the large young-age population group, coupled with rising digital literacy and adoption of smart devices in classrooms.

Enquiry before Buying

• Is this research conducted by Future Market Insights?

  Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst

• What research methodology is followed by FMI?

  FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions.

• Who are the respondents for primary research?

  FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

• What are the sources of secondary research?

  FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request. 

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Remote Learning Technology Spending Market Segmentation

Solution

• Software
  • Learning Management System Platform
    • Web-based LMS
    • Mobile-based LMS
  • Virtual Classroom Software
  • Others
• Services
  • Professional Services
    • Learning & Content Management
    • Consulting Services
    • Integration & Implementation
    • Support & Maintenance
  • Outsourced eLearning Services

Learning Mode

• Instructor-Led Training & Learning
• Self-Paced eLearning
• Blended/Hybrid eLearning
• Social Learning
• Collaborative Learning
• Simulation Learning

End User

• Individual
• Government Organizations
• Academic Institutions
  • K-12
  • Colleges/Universities
• Academic Institutions
  • SMEs
  • Large Enterprises

Regional Outlook

• North America (US, Canada)
• Latin America (Brazil, Mexico, Rest of LATAM)
• Europe (Germany, UK, Russia, France, Italy, Spain, BENELUX, Rest of Europe)
• South Asia & Pacific (India, Thailand, Indonesia, Malaysia, Oceania, Rest of South Asia & Pacific)
• East Asia (China, Japan, and South Korea)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, and Rest of MEA)