As per the market growth rates, United States of America had a US$ 59.52 billion eLearning market size in 2021. In 2018 value of eLearning market was US$ 25 billion, US$ 1.3 in 2019 billion and as stated given, it will expand with a double-digit CAGR of 12.5% by the year 2027, which is US$ 64.8 billion, more or less. Due to the vast commoditization and digitization, the eLearning platform has become more fascinating. So many tools used have kicked off the entire eLearning industry.
While COVID has adversely impacted various market segments, Education has continued to generate revenue because of the support of digital technologies. Training and Education have risen to another level where there is no dependency on other factors like distance, tutors, etc.
As per the eLearning industry reports, the US market has estimated that the e-learning market will grow up to US$ 41 billion in the year 2025. A dynamic eLearning industry growth rate has been articulated because now, all market sectors, public, private, local, and other governments, have also started to contribute. With lesser infrastructure costs and lesser logistics expenditure, eLearning has become a booming field.