The corporate E-Learning Market is expected to grow at a robust 9.71% CAGR.
Corporate e-learning is one of the fastest-growing and promising markets in the education industry. While the market is currently evolving, it is poised to expand in the coming years. Corporations require an all-inclusive approach to meet their training needs, leading to convergence within the e-training industry. Value-added services in the particular assessment and custom curriculum design, online mentoring and performance support, reporting and tracking, and hosting will fuel market growth in the years to come.
With the unemployment rate as high as 5.4% in 2022, according to the International Labour Organization, there is an urgent need for training and learning equipped with a practical approach. Corporate training ensures that an employee has the necessary skillset which is aligned with enterprise objectives. These training sessions can be imparted through e-learning platforms. They can be translated to lower costs to deliver training in a shorter period, especially when employees are spread worldwide. Hence, driving the market demand for corporate e-learning.
By technology, virtual classrooms and learning management systems are expected to hold a significant share because of growing internet access worldwide. By training type, soft skills and compliance skills are more prevalent and thereby hold a major share in the market. Geographically, the largest share in the market will be dominated by North America while the Asia-Pacific is likely to grow with the fastest CAGR owing to the rising use of mobile devices in emerging economies such as China, India, Malaysia & South Korea, and the growing internet penetration in this region.
Corporate e-learning is one of the fastest-growing and promising markets in the education industry. While the market is currently evolving, it is poised to expand in the coming years. Corporations require an all-inclusive approach to meet their training needs, leading to convergence within the e-training industry. Value-added services in the particular assessment and custom curriculum design, online mentoring and performance support, reporting and tracking, and hosting will fuel market growth in the years to come.
With the unemployment rate as high as 5.4% in 2022, according to the International Labour Organization, there is an urgent need for training and learning equipped with a practical approach. Corporate training ensures that an employee has the necessary skillset which is aligned with enterprise objectives. These training sessions can be imparted through e-learning platforms. They can be translated to lower costs to deliver training in a shorter period, especially when employees are spread worldwide. Hence, driving the market demand for corporate e-learning.
By technology, virtual classrooms and learning management systems are expected to hold a significant share because of growing internet access worldwide. By training type, soft skills and compliance skills are more prevalent and thereby hold a major share in the market. Geographically, the largest share in the market will be dominated by North America while the Asia-Pacific is likely to grow with the fastest CAGR owing to the rising use of mobile devices in emerging economies such as China, India, Malaysia & South Korea, and the growing internet penetration in this region.
Corporate e-learning market drivers?
Increasing penetration of digital media and services
The increasing penetration of smartphones and tablets, and the rising adoption of cloud computing will offer growing opportunities to the market. Similarly, the increasing adoption of video instructor-led training methods and the recent technological advancements such as augmented & virtual realityprovide a new approach to training. These are some of the factors that can provide lucrative opportunities for the market to grow. The growing advances in technological infrastructure and the rise in investment from major organizations around the world are also believed to push the growth of the market over the forecast period.Corporate e-learning market geographical outlook
Based on geography, the corporate E-Learning market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia-Pacific regions. The North American region is anticipated to hold the largest market share in the forecast period. The high technological development and at the same time, high technological adoption rate in countries of North America such as the United States is propelling the market growth. Further, there is an increase in demand for skill enhancement of the workforce leading to companies in this region to prioritise skill training and their upskilling leading to market growth.Reasons for buying this report:
- Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub-segments.
- Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
- Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
- Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
- Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.
What do businesses use our reports for?
Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive IntelligenceReport Coverage:
- Historical data & forecasts from 2022 to 2030
- Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
- Competitive Positioning, Strategies, and Market Share Analysis
- Revenue Growth and Forecast Assessment of segments and regions including countries
- Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
Corporate E-Learning Market is analyzed into the following segments:
By Training Type
- Technical Skills
- Soft Skills
- Compliance
- Other
By Size
- Small and Medium
- Large
By Technology
- Learning Management System
- Rapid Web-based
- Application Simulation Tool
- Virtual Classrooms
By Industrial Vertical
- Government/Public Sector
- Manufacturing
- Professional and Technology Sector
- Financial Services
By Geography
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. CORPORATE E-LEARNING MARKET BY TRAINING TYPE
6. CORPORATE E-LEARNING MARKET BY SIZE
7. CORPORATE E-LEARNING MARKET BY TECHNOLOGY
8. CORPORATE E-LEARNING MARKET BY INDUSTRY VERTICAL
9. CORPORATE E-LEARNING MARKET BY GEOGRAPHY
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
11. COMPANY PROFILES
Companies Mentioned
- Hurix Digital
- Instancy Inc.
- Designing Digitally Inc.
- Sparkademy AG
- InfoPro Learning Inc.
- Cornerstone OnDemand
- Blackboard
- John Wiley and Sons Inc.
- edX Inc.
- SweetRush Inc.
- Allen Communication Learning Services
- CoreAxis LLC (ELB Learning)
- Zensai International
Methodology
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