The same segment is also projected to manifest the fastest CAGR of 16.6% from 2021 to 2030. On the basis of deployment mode, the cloud segment contributed to the lion's share in 2020, holding more than three-fifths of the global e-learning market, as it enables educators to upload vast quantities of e-learning content in various types and formats such as videos, texts, presentations, quizzes, and questionnaires. However, the cost-effectiveness of e-learning models is expected to create lucrative opportunities for the key players in the industry. On the other hand, lower interaction with fellow learners and peers restrains growth to some extent. Remote learning trends enforced by the global pandemic and the surge in the adoption of smartphones & cellular technology drive the growth of the global e-learning market. PORTLAND, PORTLAND, OR, UNITED STATES, July 24, 2023/ / - According to the report, the global e-learning market was estimated at $197.00 billion in 2020, and is anticipated to hit $840.11 billion by 2030, registering a CAGR of 17.5% from 2021 to 2030. The rise in remote learning during the pandemic and demand for low-cost convenient learning system positively impacts the growth of the market.

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