Global Remote Learning Technology Spending Market: Overview
The training and teaching sector is presently experiencing a major transformation in the COVID-19 context. The tremendous rise in production of smartphones, laptops, and other devices are encouraging educational and business institutions to turn toward investing in potential advantages offered by remote learning.
Remote learning technologies are utilized by academic establishments, numerous enterprises, individual users, and government organizations. Of these, the educational organizations are particularly faring well in the overall scenario. The COVID pandemic has been an influential element driving the need for remote teaching, coupled with the best educational organizations around the globe being able to bring forth their courses and other academic materials to all parts of the world through internet penetration.
Global Remote Learning Technology Spending Market: Growth Factors
The coronavirus pandemic-driven need for distant learning and teaching is due to the temporary shutdown of businesses and educational institutes. The surging demand for technology-enabled training and teaching is driving the market. This has led to a positive impact on the global remote learning technology spending market.
The rise in demand of smartphones is augmenting the growth of remote learning technology. As smartphones are becoming more affordable, the expansion of the internet is facilitated. Several developers are working toward enhancing solutions for students. Hence, the universally increasing penetration of internet in the remotest areas is one of the major elements positively affecting the growth of the global remote learning technology spending market. The rapid adoption of cloud-computing paired with huge expenditures by the major market competitors toward developing the reliability and security of education platforms that are cloud-based is further causing an increase of its adoption between the end-users.
The existence of a vast number of online content and service providers in the market is bringing loads of educational content online. The growing necessity for online educational videos & other content and the decreasing hosting costs are further channelizing more people toward this technology, thus in turn, augmenting the growth of global remote learning technology spending market.
Global Remote Learning Technology Spending Market: Segmentation
The global remote learning technology spending market is bifurcated into learning mode, solution, end-user, and region. Based on learning mode, the global remote learning technology spending market is divided into Blended/Hybrid eLearning, Self-Paced eLearning, Social Learning, Instructor-Led Training & Learning, Simulation Learning, and Collaborative Learning.
On the basis of solution, the global remote learning technology spending market is categorized into services, further bifurcated into consulting services, support & maintenance, learning & content management, and integration & implementation, and into software, which is again further sorted into virtual classroom software, learning management system platform, and others. Based on end-user, the global remote learning technology spending market is categorized into individual, academic institutions such as large enterprises, SMES, colleges, and K-12, and government organizations.
Global Remote Learning Technology Spending Market: Regional Analysis
North America, being the largest market for remote learning technology, has been growing rapidly due to the adoption of remote learning technologies by educational institutions for students learning in a wide spectrum of courses. Moreover, businesses in a variety of end use sectors are deploying remote learning apps and web platforms to increase the productivity of employees. Additionally, the substantial development of telecommunications infrastructure and availability of new solutions for the purpose of corporate and educational applications has further boosted the demand for remote learning in this region.
A number of government policies that promote deployment of 5G technology will create beneficial circumstances for uninterrupted remote learning activities. Educational establishments across North America are uplifting the adoption of newer digital learning platforms while corporate organizations are utilizing remote learning features to train new, as well as the existing staff members during the COVID-19 pandemic. Asia Pacific is also poised for considerable growth, thanks to the growing number of professionals such as doctors, surgeons, and nurses adopting this technology for reaching out to patients and co-workers.
Global Remote Learning Technology Spending Market: Competitive Players
The major players operating in the global remote learning technology spending market include Oracle Corporation, IBM Corporation, Blackboard Inc., Skillsoft, Hurix, Cornerstone OnDemand Inc., WizIq Inc., Adobe, and Microsoft. The market competitors are concentrating on R&D and attending to the demands put forth by businesses, educational institutions, and individual users.
Global Remote Learning Technology Spending Market: Regional Segment Analysis
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