COVID-19 to Make Significant Impact in the Adoption of Blended Learning Market

Introduction

The global Blended Learning market is an emerging market and is presumed to grow during the forecast period. The global Blended Learning market was valued at USD 49.9 billion in 2019 and is presumed to grow at a CAGR of 10.3% during the forecast period. The growth is attributed to the increasing adoption of digitization. Furthermore, growing demand from multiple industry verticals to teach employees is also one-factor propelling market growth.

Moreover, the growing adoption of emerging technology such as AI and Machine Learning also adds to the blended learning market's growth. However, high initial costs of deployment and lack of awareness among the consumers hinder market growth.

Impact of Covid-19

The current scenario of pandemic COVID-19 has led to increasing adoption of blended learning to continue the learning process of colleges, schools, and universities across the globe on account of stringent government regulations such as; social distancing to curb the pandemic COVID-19. This bridges the gap in the education sector. According to industry experts, it is estimated that the demand for blended learning will further increase post-COVID-19 on account of increasing government initiatives to improve education policies.

Key Highlights

• By type, the software segment holds a higher CAGR and is anticipated to witness growth during the forecast period based ona the broad offering of solutions.
• By industry, the K-12 sector holds a higher CAGR and is expected to witness growth during the forecast period. The growth is attributed to increased funding from the governments to improve education methods.
• By region, North America holds a dominant position and is presumed to grow during the forecast period based on various initiatives to integrate technology.
• Asia-Pacific is the fastest-growing region in the blended learning market over the forecast period because of the increasing penetration of digitization in the region.

Competitive Players

1. NIIT.
2. AllenComm.
3. GP Strategies.
4. Panopto.
5. City & Guilds Group.
6. Cegos.
7. Skillsoft.
8. D2L.
9. Houghton Mifflin Harcourt 
10. Holtzbrinck Publishing Group 
11. Pearson

Recent Developments

• March 2024- To create and implement a ground-breaking blended leadership development experience, KNOLSKAPE, a global leader in experiential learning and leadership development solutions, successfully partnered with NICE ACTIMIZE, the top supplier of financial crime, risk, and compliance solutions. 
• June 2024- Burton and South Derbyshire College (BSDC) recently received the Blended Learning Consortium's (BLC) Impact Award for outstanding use of BLC content to assist learning at the BLC Summer Conference.

Segmentation

1. By Type 
   
   1. Hardware
   2. Software
2. By Application
   1. K-12
   2. Higher Education
   3. Corporate
3. By Learning Type
   1. Synchronous Learning
   2. Asynchronous Learning
4. By Delivery Mode
   1. Online
   2. Offline
   3. Hybrid