Corporate E-learning Market Global Trends analysis, Key News, Size, Industry Share and Regional Forecast to 2027
Corporate e-learning platforms are gaining huge popularity, and the market is increasingly gaining momentum. A leading research firm Market Research Future (MRFR), asserts that the global corporate e-learning market would reach a valuation of USD 30 Billion, growing at a 13% CAGR during the forecast period (2017 – 2023).
Corporate e-learning is a growing trend
gaining colossal traction on the global platform. The advent of e-learning
applications has phenomenally changed the way organizations deliver their
product and services that help increasing their revenues. As a result,
enterprises of different sizes have started adopting eLearning solutions,
considering it a viable solution to drive organizational growth.
Manor factors impacting the corporate
e-learning adoption are budget and productivity-related issues and changing
business needs & technologies. Additionally, increasing training budgets of
corporate and the introduction of social, mobile, analytics, and cloud
technologies influence the eLearning solution adoptions. Growing awareness for
the benefits of corporate e-learning, online training tools and devices, such
as interactive displays, foster the growth of the market.
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Moreover, increasing numbers of mobile
learning applications and professional expertise, alongside advances in digital
learning technologies, provide impetus to the market growth. On the flip side,
the competitive nature of the market itself is acting as a major headwind for
the growth of the market.
Corporate E-learning Market - Segmentation
The report is segmented into four major
dynamics;
·
By Technology: Web-Based, Learning Management System (LMS), Learning
Content Management Systems, Podcasts, Virtual Classrooms, Mobile E-Learning,
and others.
·
By Training Type: Instructor-led & Text based and outsourced.
·
By Regions : Americas, Europe, APAC, and the
Rest-of-the-World.
Corporate E-learning Market - Regional Analysis
North America dominates the global corporate e-learning market, followed
by Europe. The largest market share attributes to technological advances and
the proliferation of the internet, smartphones, and tablets in the region.
Besides, the strong presence of notable e-learning service providers and
well-established technological infrastructure influence the market growth.
The Asia Pacific corporate e-learning market is projected to witness
significant growth, emerging as a promising market in terms of size. Factors
such as rising numbers of organizations opening their corporate
offices/business centers in emerging economies of this region propel the growth
of the corporate e-learning market. Furthermore, the economic growth and
penetration of connectivity and connected devices in this region substantiate
the market share.
Europe stands as another prominent market for corporate e-learning. The
market growth is pushed by the increasing popularity of self-paced and
competency-based e-learning among employees. Additionally, growing spending on
corporate training by major organizations and substantial investments by
e-learning vendors in launching innovative digital learning solutions and
systems boosts the market size.
Corporate E-learning Market - Competitive Analysis
Fiercely competitive, the corporate e-learning market appears fragmented
due to the competitive landscape formed by many notable players and the new
entrants. Matured players incorporate collaboration, acquisition, partnership,
product launch, and expansion in order to gain a competitive advantage in this
market.
They focus on innovations of products and new processes, which is
anticipated to fuel the already intensified competition during the forecast
period. A high growth prospect demonstrated by the market attracts several new
entrants, further intensifying the market competition.
Major
Players
Players leading the corporate e-learning market include Oracle (US), SAP
(Germany), Infor (US), SkillSoft Corporation (US), 24x7 Learning (India),
Adrenna (US), CERTPOINT Systems (US), GeoMetrix Data Systems Inc. (Canada),
Digital Ignite (US), and Blatant Media Corporation (Canada), among others.
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