The global Course Authoring Software market was valued at US$ 780.8 Mn in 2021 and is expected to reach US$ 3.6 Bn by 2032 finds Future Market Insights (FMI) in a recent market survey. As per the findings, revenue through educational institutes is projected to grow at a CAGR of 13.6% during 2015 – 2021.
Education technology had already experienced rapid expansion and adoption before COVID-19, with global Edtech investment exceeding USD 18.7 Bn by 2021 and the market for online learning as a whole forecast to hit US$ 350 Bn. During COVID-19, there was a noticeable increase in the utilization of language apps, online tutoring, video conference, and online learning software.
Many virtual education platforms are providing free accessibility to the service in response to overwhelming demand, including BYJU’S. As per Mrinal Mohit, the firm’s Chief Operating Officer, the number of new users of BYJU’s Think and Learn app has increased by 200% since the company announced free live classes. The pandemic hit many industries but the learning platforms and course authoring software market started growing quickly and it is predicted that this will continue in the upcoming years.
“Online education and professional certifications are becoming increasingly popular, which is projected to increase market for course authoring software in the upcoming years.” comments a Future Market Insights analyst.
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Competitive Analysis
To keep existing position in the course authoring software market, players that operate in it focus on techniques including market initiatives, mergers, and product launches. Some of the major companies like Articulate Global Inc., Brainshark Inc., Easygenerator B.V., Elucidat, iSpring Solutions, Inc., LearnWorlds (CY) Ltd, Lessonly, Inc., SAP Litmos, Adobe Inc. and Instructure Inc. are featured in the report.
Some of recent developments for Course Authoring Software Market are:
• In July 2021, The US startup capital company Insight Partners secured a US$ 32M fundraising round with the Greek e-learning and course production platform LearnWorlds to support its strategy and speed up customer satisfaction initiatives. As part of the investment agreement, Boris Treskunov, the fund’s principal, and Nikitas Koutoupes, the founding director of Insight, will join the management of the e-learning business. LearnWorlds was established in 2014 by Panos Siozos, Fanis Despotakis, and Giorgos Palaigeorgiou. Its goal is to democratize direct-to-consumer
online learning and make it simple for those who create educational content to generate money from it.
• In July 2021, Articulate Global, LLC, a SaaS company that provides online learning tools and e-learning authoring apps announced a US$ 1.5 Bn Series A financing round led by General Atlantic, a growth equity firm, and including assets raised by Blackstone Growth (BXG) and ICONIQ Growth. The current fundraising represents the company’s first source of institutional funding, and it values the business at US$ 3.75 Bn, making it one of the biggest Series A rounds ever. Articulate hopes to further speed its expansion and scale internationally with the help of these new collaborations.
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Market Segments Covered in Course Authoring Software Market Analysis
By Deployment Type:
- On Premises
- Cloud-based
By End-User:
- Educational Institutes
- Enterprises
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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