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South Africa E-Learning revenue expected to reach over $490 million by 2023

May 2, 2019 • Education, Southern Africa, Top Stories

South Africa E-Learning revenue expected to reach over $490 million by 2023

Ken Research reveals that the E-Learning industry in South Africa is expected to reach over $490 Million by the year ending 2023.

A study conducted by Ken Research has revealed that the corporate sector will contribute the highest revenue share to the overall E-Learning industry in South Africa by year end 2023. The research further states that due to the growing demand for online courses, the adoption of Learning Management System (LMS) by customers across various sectors will also increase. It has been anticipated that the share of LMS will reach over 55.0 per cent by the year 2023.

The industry revenue for Content services is expected to increase at a CAGR of 10.9 per cent during the period 2018-2023, while the industry revenue for technology services will increase at a CAGR of 14.9% during the same period.

Corporate Enterprise and schools offering higher education are likely to be the key focus areas for E-Learning services. The South Africa E-Learning market is expected to witness the increasing number of small players entering the market which will focus more on providing LMS services.

Rising Demand of Open Courseware:
Rising government initiatives towards education and many major Universities posting open online content will lead to an increase in the number of users of Open Courseware. The increase in number of MOOCs will largely contribute to this segments growth. In addition to this, it is anticipated that the number of home users will increase from 20.2% in 2018 to 21.4% in 2023E, with the increase in internet penetration and the number of mobile phone users in the country.

On the 29th May 2019, IT News Africa will host the 4th annual Education Innovation Summit at the Hilton Hotel, Sandton. This year’s conference will focus on the exploration of emerging educational technology trends and aim to provide solutions to technological challenges within education.

Join hundreds of academics, education solution providers, education experts and technology leaders as an attendee – for a day of top-level content, case studies, live demos, and plenty of networking opportunities

Join us as an exhibitor to showcase your brand and present your education solutions to a select audience. Position your organisation at the forefront of Africa’s Education revolution. Find new partnerships, investors, leads, and opportunities.

Join as a speaker and showcase your thought-leadership. Share your insights and experience. Shape solutions to critical challenges in Education.

For more information regarding the summit, visit: http://www.educationinnovationsummit.co.za/
For sponsorships and exhibitions: http://www.educationinnovationsummit.co.za/sponsor/
[t]: 011 026 0981/2 [e]: events@itnewsafrica.com

Edited by Fundisiwe Maseko
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