This market research report includes a detailed segmentation of the global corporate e-learning market by component (content, technology, and services). It also outlines the market shares for critical regions like North America, Europe, APAC, and ROW. The key vendors analyzed in this market study are Cornerstone OnDemand, Oracle, SAP, and Skillsoft.
Technavio’s market research analysts estimate the global corporate e-learning market, to grow at a CAGR of around 11% between 2016 and 2020. Corporates are upgrading their training programs and processes with latest technologies, focusing on the quality of training and employee productivity. Content digitalization is the latest trend in this regard, which is gaining huge prominence among corporates. The Americas dominate the global corporate-e-learning market, occupying around 53% of the overall market share. Growing preference for continuous learning among corporates is a major reason for this region’s growth.
The new market research report from Technavio provides a breakdown and analysis of the corporate e-learning segments by technology.
“One of the interesting trends gaining prominence in this market is the recent proliferation of mobile devices. Recent changes in the work environment has resulted in the augmented need for delivering e-learning services on devices like mobiles and tablets. With the help of mobile devices, learners can easily access content from any location at any time. This has paved the way for highly effective collaborative learning, which allows learners to discuss their ideas with their peers in real-time,” says Jhansi Mary, Lead Analyst, Education, Technavio Research.
The content segment is the biggest source of revenue for vendors operating in the global corporate e-learning market. Recently, it has been observed that in many organizations the training sessions are being delivered with the help of web content in different formats, such as video, simulation, and audio, instead of the traditional textual form. Since these training sessions are more interactive and engaging, the demand for web content will increase steadily in the next few years.
The major players in the global corporate e-learning market include Cornerstone OnDemand, Oracle, SAP, and Skillsoft. The market is highly competitive because of the presence of numerous small and large vendors. The products and services offered by these vendors are available at various price points. Also, e-learning solutions are sold in the market either as standalone or bundled packages. The vendors in this market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion to gain maximum traction during the predicted period.
A more detailed analysis is available in the Technavio report, Global Corporate e-learning Market 2016-2020.
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