Corporate E-Learning Market size is set to surpass USD 450 billion by 2028, according to a new research report by Global Market Insights Inc.
The increasing number of mobile phone users will boost the corporate e-learning industry growth. The availability of affordable and advanced smartphones or tablets has propelled the rapid utilization of the devices. For instance, till April 2022, there were around 5.3 billion unique mobile phone users across the globe, representing nearly 67% of the world’s population. The increasing adoption of smartphones has helped companies in deploying e-learning solutions to train their workforce remotely. These solutions have enabled employees to learn about the changes in their organizations and upskill themselves, remotely.
The COVID-19 pandemic supported the corporate e-learning market demand. Several companies migrated to remote working practices, which is attributed to lockdown norms and safety issues. It increased the organizations’ reliance on cloud-based digital services for communication, training, data management & sharing. The technology has helped companies in terms of scalability, upgrade & maintenance, security, disaster recovery, and efficiency. This factor has accelerated the utilization of cloud-based solutions across multiple sectors.
Robust monitoring features offered by virtual classroom platforms
Several industry leaders are focusing on improving the end-user experience by integrating advanced technologies and providing modern features that can help them in conducting training sessions more effectively. Technological advancements in virtual classroom portals allowing seamless completion of training sessions will increase solution utilization and fuel the market revenue.
Browse key industry insights spread across 300 pages with 309 market data tables and 29 figures & charts from the report, “Corporate eLearning Market Size By Technology (Online Learning, Learning Management System (LMS), Mobile Learning, Rapid Learning, Virtual Classroom), By Provider (Service, Content), By Organization Size (SMEs, Large Enterprises), By Deployment (Cloud-Based, On-Premise), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028”, in detail along with the table of contents:
Rising content digitization of learning modules
The corporate e-Learning market players are delivering customized & industry-specific content to improve employee engagement. For instance, in May 2021, Udemy for Business added Mandarin, Turkish & Arabic to its international collection of courses trained by native-speaking experts. The availability of diversified online courses will support several companies in building a culture of learning to propel business performance.
Reliability and flexibility offered by the on-premise deployment model
In the on-premise deployment model, systems are hosted locally on the company’s servers and the IT staff in the testing, installation & implementation of software. These deployment practices are useful especially for large organizations as they enable in-house data storage. This helps them in monitoring the transfer of confidential data, resulting in increased security. The model offers customization to the end-users in terms of system and software integration. In addition, it avoids the need for sharing servers with other companies, thus providing better performance.
Growing demand from the healthcare sector in North America
Get more details on this report - Request Free Sample PDF
The North America corporate e-learning market will witness around 20% through 2028. Organizations operating in the healthcare sector are using these solutions to upskill their employees. The availability of diversified learning content will encourage healthcare professionals to use e-learning platforms to gain expertise in their respective fields.
Focus on increasing geographic footprint and product launch forms a key strategy amongst industry players
The corporate e-learning leaders emphasize on entering untapped regions & countries to increase their customer base and revenue generation. For instance, in January 2022, Udemy announced its plans to expand its EMEA headquarters to cater to the growing number of enterprise customers worldwide. Through this move, the company is focusing on increasing its capacity and developing its market presence.
Prominent players operating in the corporate e-learning market include Cornerstone, Crossknowledge, Cegid, Cegos, Hive Learning, Kallidus Ltd., Kineo, Learning Pool, Infopro, Intuition, Media Zoo, Mind Tools, Netex, Learning Technologies Group plc (LTG), NIIT Corporation, Skillsoft, Udemy, Valamis, and Omniplex.
Explore More on Related Topics: