Home > Sustainable & Smart Technologies > Corporate eLearning Market
Corporate eLearning Market size valued at USD 100 billion in 2021 and is projected to expand at over 20% CAGR from 2022 to 2028. The increasing focus of enterprises on upgrading their training programs will drive the industry growth.
Companies are emphasizing on offering well-constructed courses for their employees, enabling them to improve their expertise and maximize their skillsets. These programs also foster better productivity, employee retention, and workplace morale, thus positively impact the company’s bottom line. These factors have accelerated the utilization of e-learning platforms across multiple sectors including healthcare, government, manufacturing, and BFSI. It has supported large organizations in training the entire workforce on product upgrading, changes in the management structure, or compliance policies at a rapid pace, thus reducing the overall training time & effort.
To get more details on this report: Request Free Sample PDF
The coronavirus pandemic had a positive impact on the corporate eLearning market demand between 2020 and 2021. The imposition of stringent lockdown measures by government officials had forced companies to adopt work-from-home practices. This factor had limited their one-on-one interactions and created challenges in terms of training employees effectively. To address these issues, several enterprises switched to an online platform to share information and upskill their workforce. The market is expected to witness significant gains due to the increasing availability of online learning sites and the growing preference of the professionals to opt for corporate e-learning solutions.
Report Coverage | Details |
---|---|
Base Year: | 2021 |
Market Size in 2021: | USD 100 billion |
Forecast Period: | 2022 to 2028 |
Forecast Period 2022 to 2028 CAGR: | 20% |
2028 Value Projection: | USD 450 billion |
Historical Data for: | 2018 to 2021 |
No. of Pages: | 300 |
Tables, Charts & Figures: | 338 |
Segments covered: | Technology, Provider, Organization Size, Deployment, Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
To get more details on this report: Request Free Sample PDF
The U.S. LMS technology is set to register growth rate of around 20% through 2028 owing to increased government initiatives for the digitization and a rising trend of the Bring Your Own Device (BYOD) policy in the offices. The participants are focusing on capturing the evolving market by improving the overall functionality of their offerings. For instance, in April 2022, Cypher Learning Inc. introduced next generation capabilities that enhance skill development, evolving LMS into intelligent learning platform (ILP). Through this launch, the company is focusing on providing a mix of both the technologies integrated in a single platform. The optimization of the user’s learning experience will fuel the market growth.
To get more details on this report: Request Free Sample PDF
The service provider segment in India held about 30% of the corporate eLearning market share in 2021 owing to growing demand from working individuals for upskilling themselves and gaining better career prospects. The availability of a wide set of customized company-specific content related to different topics including communication, analytics, marketing & finance, has encouraged several employees to opt for these courses to achieve internal promotion. Organizations are engaged in strategic collaborations with service providers for offering interactive teaching modules to their employees.
The corporate eLearning market from SME organizations accounted for more than 40% of the revenue share in 2021. These businesses adopt online learning technologies to provide employees with the flexibility to undertake courses at their convenience. The rising number of SMEs will also support the industry statistics. For instance, according to the Micro Small and Medium Enterprises Ministry, in May 2021, India had about 63 million MSMEs. These companies use corporate e-learning solutions for upskilling their employees by providing them high-quality learning courses.
The cloud-based deployment model in South Korea is forecast to observe 25% gains through 2028 on account of the seamless use of cloud-based solutions. This deployment model is easy to setup & maintain, cost-efficient, and allows mobile training to on-the-go employees. It eliminates the requirement for on-premises complex IT infrastructure, thus reducing the overall cost of maintenance. At present, partnership is one of the key business strategies for the companies in the South Korean market.
To get more details on this report: Request Free Sample PDF
The Europe corporate eLearning market size surpassed nearly USD 40 billion in 2021 and will see significant rate propelled by increasing focus of government authorities on developing a broadband infrastructure. The European Commission has set three strategic objectives for 2025 including access to 100Mbps Internet for all European households, 5G mobile broadband coverage for all major commuting routes & urban areas, and access to 1Gbps Internet for all public enterprises.
Moreover, mechanisms including wholesale agreements, funding, infrastructure companies, network sharing, 5G deployments & rural broadband funding are also developing the telco industry in the region. The accessibility to affordable & high-speed internet access to small private companies will enable them to use e-learning platforms for training purposes.
Key players operating in the corporate eLearning market include Cegid, Cegos, Cornerstone, Crossknowledge, Hive Learning, Infopro, Intuition, Kallidus Ltd., Kineo, Learning Pool, Learning Technologies Group plc (LTG), Media Zoo, Mind Tools, Netex, NIIT Corporation, Omniplex, and Skillsoft.
Companies are focusing on developing valuable collaborations to expand their solution offerings and increase their brand recognition. For instance, in March 2022, CrossKnowledge partnered with lawpilots to help the professionals to offer an extensive competence building, leadership, & soft skills online training portfolio.
Click here to Buy Section of this Report
Market, By Technology
Market, By Provider
Market, By Organization Size
Market, By Deployment
The above information has been provided for the following regions and countries: