Global Course Authoring Software Market Forecast to 2027 - COVID-19 Impact and Analysis - ResearchAndMarkets.com

The "Course Authoring Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Deployment, and End User" report has been added to ResearchAndMarkets.com's offering.

According to this report the global course authoring software market was valued at US$ 722.87 million in 2019 and is projected to reach US$ 1,992.95 million by 2027; it is expected to grow at a CAGR of 16.2% from 2020 to 2027. The report highlights key factors driving the market growth, and prominent players with their developments in the market.

At present, the organizations worldwide are rapidly adopting digitalization, which is creating a need for trainers and education professionals to communicate interactive courses leveraging software that enables the learners to develop their personalized web pages, courses, and navigation tools, among others. The adoption of the rapid authoring method worldwide has grown significantly during the past few years. The course authoring software reduces time and costs concerning training, thus resulting in engaging content delivery.

Some of the benefits delivered by these tools include accessibility from tools from any device at any place, reduced training costs, improved performance, and content repurposing. The growth of e-learning has created a demand for efficient course authoring software, which has boosted the growth of the course authoring software market.

Impact of COVID-19 Pandemic on Course Authoring Software Market

The emergence and rapid spread of COVID-19 has paralyzed numerous countries including developed as well as developing. The continuous surge in count of infected patients is threatening several industries across the globe. As of December 2020, the US, India, Brazil, Russia, and France, are some of the worst affected countries in terms confirmed cases and reported deaths. The pandemic has not spared any country or region and the has hindered the education sector to some extent in the first two quarter of the year 2020, owing to the governments immigration restrictions, stay-at-home orders, and general concern about the spread of COVID-19.

However, the education institutes as well as corporate sectors has adopted the option of course authoring learning to its students and employees, which has boosted the growth of the course authoring software market globally. Since majority of the countries are exercising lockdowns, it has resulted in the negative impact on the education sector in the first 6 months of 2020. With the continuity of the COVID-19 spread, the adoption of e-learning has seen a constant growth and created a huge opportunity for course authoring software market player.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global course authoring software market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global course authoring software market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Market Dynamics

Drivers

• Cloud Based Solutions Driving the Adoption of Course Authoring Software
• Escalating Digitalization in Education Sector

Restraints

• Less Engagement and Motivation for the Deployment of Course Authoring Software

Opportunities

• Rising Adoption of Online Courses and Professional Certifications

Trends

• Rising Trend of Artificial Intelligence

Companies Mentioned

• Articulate Global Inc.
• Brainshark Inc.
• Easygenerator B.V.
• Elucidat
• iSpring Solutions, Inc.
• LearnWorlds (CY) Ltd
• Lessonly, Inc.
• SAP Litmos
• Adobe Inc.
• Instructure, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/6y4udv

View source version on businesswire.com: https://www.businesswire.com/news/home/20210305005383/en/