A recent market study published by Future Market Insights (FMI) on the Remote Learning Technology Spending Market includes a global industry analysis for 2015-2019 and opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
The education and training sector is currently undergoing a revolution. The massive rise in the penetration of tablets and other mobile devices are pushing businesses and educational institutes to direct their spending towards potential opportunities generated through remote learning.
The growth of the remote learning industry is anticipated to continue steadily as Future Market Insights has estimated the valuation of the remote learning technology spending market at over US$ 49 billion in 2020 and to rise at 14.7% CAGR between 2020 and 2030. Companies operating in the market are aiming at developing course materials and remote learning platform software solutions.
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FMI’s report on the market offers a comprehensive overview, covering key market dynamics. Some of the takeaways from the report are as follows:
“Mobile device-based learning, social learning, and corporate training are major trends supporting the adoption of remote learning technology spending market revenue. Demand from varying sectors, such as healthcare and aviation for employee training is supporting industry demand. The coronavirus crisis has further provided impetus to remote learning solutions among students and corporates bodies,” said a lead analyst at FMI.
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COVID-19 Impact on Remote Learning Technology Spending Market
Countries from around the world have been severely impacted by high infection rates of the covid-19 virus. Schools, colleges, universities and enterprises of all sizes have had to close or restrict regular operations. This transition from official premises has proven beneficial to the adoption of remote learning technologies. While the remote learning sector has been displaying strong growth prior to the pandemic, development of solutions such as online learning software, language apps, video conferencing tools, and virtual tutoring has soared.
FMI in its report analyses the varying strategies of major companies operating in the market. Most companies are focused on the development of remote learning platforms in addition to providing certification and course material services for a wide range of subjects, with emphasis towards education institute and enterprise level applications. Some of the companies operating in the remote learning technology market are Oracle Corporation, Microsoft Corporation, SAP, Adobe, IBM Corporation, Skillsoft, and others.
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Remote Learning Technology Spending Market Segmentation:
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