The worldwide Course Authoring Software market was esteemed at US$ 780.8 Mn in 2021 and is supposed to arrive at US$ 3.6 Bn by 2032 tracks down Future Market Experiences (FMI) in a new market review. According to the discoveries, income through instructive foundations is projected to develop at a CAGR of 13.6% during 2015 – 2021.
Training innovation had previously experienced fast development and reception before Coronavirus, with worldwide Edtech venture surpassing USD 18.7 Bn by 2021 and the market for internet advancing all in all gauge to hit US$ 350 Bn. During Coronavirus, there was a recognizable expansion in the use of language applications, web-based mentoring, video meetings, and internet learning software.
Numerous virtual schooling stages are without giving availability to help in light of overpowering interest, including BYJU’S. According to Mrinal Mohit, the association’s Head Working Official, the quantity of new clients of BYJU’s Think and Learn application has expanded by 200% since the organization reported free live classes.
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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 the market for course authoring software in the upcoming years.”
Competitive Analysis
To keep an 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 the recent developments in the 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, 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.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Course Authoring Software Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in the Global Course Authoring Software Market in terms of Deployment (On-Premises and Cloud-based), and End User (Educational Institutes and Enterprises), across five regions (North America, Asia Pacific, Europe, Middle East & Africa, and Latin America).
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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
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Course Authoring Software Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10-years.
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