Course Authoring Software Market
“The Business Research Company recently released a comprehensive report on the Global Course Authoring Software Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company’s, The course authoring software market size has grown exponentially in recent years. It will grow from $1.13 billion in 2023 to $1.36 billion in 2024 at a compound annual growth rate (CAGR) of 20.0%. The growth in the historic period can be attributed to rise of e-learning platforms, increaed focus on accessibility standards, expansion of online education programs, growth in the demand for customizable authoring solutions, demand for remote training solutions.
The course authoring software market size is expected to see exponential growth in the next few years. It will grow to $2.87 billion in 2028 at a compound annual growth rate (CAGR) of 20.5%. The growth in the forecast period can be attributed to growing emphasis on continuous learning and upskilling, demand for authoring tools, continued expansion of microlearning initiatives, increasing adoption of adaptive learning systems, increasing integration of artificial intelligence. Major trends in the forecast period include adoption of artificial intelligence, augmented reality, adoption of blockchain, interactive elements, adaptive learning technologies, voice recognition and dictation.
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Market Drivers and Trends:
The growing demand for e-learning is expected to propel the growth of the course authoring software market going forward. E-learning is the delivery of education and training by digital technology, usually over the internet. The demand for e-learning is rising due to accessibility, flexibility, and technological advancements. Course authoring software allows educators and trainers to develop content that can be observed remotely, increasing accessibility and flexibility, which increases engagement and learning outcomes. For instance, in November 2021, according to Coursera, an US-based online learning platform, there was a significant milestone with over 92 million registered learners, reflecting a burgeoning interest in online education, with an increase in registered learners reaching over 102 million in 2022. Therefore, the growing demand for e-learning is driving the growth of the course authoring software market.
Major companies operating in the course authoring software market are focused on developing advanced tools such as Coursera Course Builder to gain a competitive edge in the market. Coursera course builder is an AI-powered application that automatically develops course content, including the overall course structure, descriptions, readings, assignments, and glossaries, depending on prompts from human authors. For instance, in March 2024, Coursera Inc., a US-based online learning platform, launched Coursera Course Builder to easily and quickly produce custom private courses at scale. The tool enables the creation of unique courses by combining modules from popular experts or including institution-specific content, resulting in flexibility and tailored learning experiences. It’s integration with AI allows users to build assessments with editable AI-generated questions, ensuring that learners are evaluated effectively.
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Major Key Players of the Market:
Adobe Inc., Instructure Inc., Seismic, Articulate Global Inc., TechSmith Corporation, Brainshark Inc., Litmos US, L.P, Easygenerator B.V., iSpring Solutions Inc., LearnWorlds Ltd., Alchemy Insights Inc., ELB Learning, Lessonly Inc., dominKnow Inc., Teachable Inc., ISEAZY, Gomo Learning, Udutu Course Authoring, Elucidat Ltd., Atomi Systems Inc
Course Authoring Software Market 2024 Key Insights:
• The course authoring software market size is expected to see exponential growth in the next few years. It will grow to $2.87 billion in 2028 at a compound annual growth rate (CAGR) of 20.5%.
• Rising E-Learning Demand Propels The Course Authoring Software Market Growth
• Next-Generation Course Authoring Tool Empowering Tailored Learning Experiences
• North America was the largest region in the course authoring software market in 2023
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