E-learning Packaged Content Market Predicted to Grow at a Fast Pace: Research and Market Report
FREMONT, CA: Research and Markets, a company which provides market research reports and market data predicts in its latest report that the E-learning Packaged Content market in the U.S. will grow at a Compound Annual Growth Rate (CAGR) of 5.66 percent over the period 2014-2019.
The report, the E-learning Packaged Content Market in the US 2015-2019, has been prepared based on an in-depth market analysis, with inputs from industry experts. The report covers the E-learning Packaged Content market in the U.S. landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
E-learning packaged content refers to the learning that is simplified with the help of electronic media through online courses. The content for these courses is prepared according to the standard curriculum as well as the specific requirements of end-users. Educational institutions select e-learning for higher education. In the corporate, skilled, and vocational training sectors, the content is used for providing functional and process-related training.
The report includes Educomp Solutions, NIIT Pearson and Skillsoft as the key vendors operating in this market. Allen Interactions, Aptara, Articulate, Computer Generated Solutions, Desire2Learn, Global Training Solutions, GP Strategies, Interaction Associates, Saba Software and Tata Interactive Systems are included as the other prominent vendors.
The report also declares that the competition among vendors is one of the major challenges in the market. It says that the number of customers is decreasing thereby affecting vendor revenues. Analysis also observed that it also getting increasingly difficult for content providers to remain in a profitable condition due to the competition with traditional brick-and-mortar education and training institutions and education technology providers.
It is revealed that the increased acceptance of blended learning among educational institutions is a major factor that is driving market growth. Industry experts say that e-learning has benefitted students and teachers, combining the best of traditional classroom instruction and online training.
“The emergence of mobile learning is one of the major trends upcoming in the market. As mobile devices such as smart phones become more ubiquitous, e-learning packaged content vendors are offering online learning content devised for such platforms”, comments an analyst on the report.