Global Corporate E-learning Market 2016-2020
Market outlook of the global corporate e-learning market
Technavio’s market research analyst predicts the global corporate e-learning market to grow steadily at a CAGR of around 11% by 2020. The growing pressure on corporates to upgrade their training programs and processes will lead to the adoption of advanced technologies, which will help in the process of teaching and learning without compromising on the quality of training and employee productivity. This recent rise in the trend of content digitalization will lead to the growth of this market during the forecast period.
The recent proliferation of mobile devices is the key driver for the growth of this market. With advancements in technology, working environment of the workforce has changed drastically. This recent change in the work environment will result 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.
Component segmentation and analysis of the global corporate e-learning market
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 online 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 online content will increase steadily in the next few years.
Geographical segmentation and analysis of the global corporate e-learning market
- North America
The North American region currently accounts for around 53% of the total market share and is expected to grow at a CAGR of around 11% during the forecast period. Due to the growing preference towards continuous learning, many corporates have become more conscious about effectively using their technologies to deliver content and accessibility to the content from anywhere and anytime. This change in the focus towards continuous learning will lead to the growth of the market in this region during the forecast period.
Competitive landscape and key vendors
The global corporate e-learning 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.
The leading vendors in the market are -
- Cornerstone OnDemand
Other prominent vendors in the market include 24x7 Learning, ABSC Group, AccessPlanIT, Adrenna, Automatic Data Processing, Blackstad Enterprises, Blatant Media, Bluedrop Performance Learning, Bluegem Software Solutions, CapitalWave, CERTPOINT Systems, ClearPoint, Digital Ignite, DigitalChalk, and GeoMetrix Data Systems.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global corporate e-learning market?
- What are the key market trends impacting the growth of the corporate e-learning market?
- What challenges market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global corporate e-learning market?
- What are the trending factors influencing the market shares of North America, Europe, APAC, and ROW?
- What are the key outcomes of the five forces analysis of the global corporate e-learning market?
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