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.
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 117.57 Billion, growing at a 15.61% CAGR during the forecast period (2022-2030).
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The latest trends in corporate e-learning include the use of artificial intelligence (AI), virtual training for remote employees, microlearning platforms, storytelling, and personalization. AI is being used to create more personalized and interactive learning experiences, while microlearning platforms are allowing companies to deliver bite-sized chunks of content in a more efficient manner. Virtual training is helping to bridge the gap between in-person and online learning, and storytelling and personalization are making learning more engaging and memorable. Additionally, the use of augmented reality (AR) and virtual reality (VR) is becoming increasingly popular as companies look for ways to make their e-learning courses more immersive and engaging.
Corporate eLearning is important because it provides employees with the opportunity to acquire and develop new skills and knowledge in a cost-effective and convenient way. ELearning is also beneficial for employers because it can improve employee engagement and productivity, and also reduce costs associated with training and development. Additionally, eLearning can be tailored to specific needs and objectives, and it can help to reduce the time and resources needed to deliver training.
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.
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;
Corporate E-learning Technology Outlook
Web-Based
LMS
Learning Content Management Systems
Podcasts
Virtual Classrooms
Mobile E-Learning
Corporate E-learning Training Type Outlook
Instructor-led Text based
Outsourced
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.
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.
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.
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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Industry/ Innovation/ Related News
September 16, 2020 – Kahoot (Norway), a leading user-generated e-learning site, announced the acquisition of Actimo to double down on the corporate sector. Actimo is a platform for businesses to train and engage with employees. The acquisition would give a boost to another segment of Kahoot’s business, i.e., corporate customers. Kahoot said that the purchase worth up to US $33 MN is expected to complete by October 2020.
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About Market Research Future (MRFR):
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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