Global Mobile Learning Market is expected to reach USD 72.62 Billion by the year 2026 from USD 8.98 Billion in 2018 at a CAGR of 34.8 %. (Detailed analysis of market CAGR is provided in the report)
Mobile Learning refers to the learning process through social and content communication using electronic gadgets such as tablets, computers, tablets etc. It is a form of distance learning, which helps users to access through educational content on their handheld devices at their convenience. It enables educators and trainers to provide real-time training and help along with the interaction with the learners through the medium of smartphones and similar devices. Various applications like audio and video courses material, e-books, video lectures, and others fill the time and distance gap between educators and students.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Global Mobile Learning market is segmented by software, application, end-user, and geography. Software segment is sub-segmented as e-books, mobile content authoring, portable LMS, mobile-based courseware, interactive assessment, and video-based courseware. These softwares are gaining traction in various industries vertical along with education such as BFSI, healthcare, telecom, government, professional services and IT. The applications segment includes corporate learning, in-class learning and stimulation based learning. The corporate learning and stimulation based learning are expected to register highest growth in the mobile learning market at the period of analysis. The end-user segment is further sub-segmented as academic and corporate users. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
The growing mobile and smartphone market across the globe along with the rise in demand for advanced and digital education is the key factor driving this market. Increased use of technology in classrooms nowadays is inhibiting the growth of this market. The rising prominence of E-books is adding up to the market. However, the increasing cost associated with equipment, connectivity, and maintenance required for mobile learning are major restraints for the growth of M-learning market. The increasing cost prevents educational institutions and organizations to prevent such processes.
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