Corporate E-Learning Market by End-users, Deployment, and Geography - Forecast and Analysis 2020-2024

The corporate e-learning market size has the potential to grow by USD 38.09 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in the year-over-year growth.

This corporate e-learning market research report provides a detailed analysis of the market by end-users (services, manufacturing, retail, and others), deployment (on-premises and cloud-based), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Articulate Global Inc., City & Guilds Group, CommLab India LLP, D2L Corp., Designing Digitally Inc., EI Design Pvt. Ltd., G-Cube Webwide Software Pvt. Ltd., GP Strategies Corp., PeopleFluent Holdings Corp., and Skillsoft Corp.

Corporate E-learning Market Share

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Who are the Major Corporate E-learning Vendors?

The corporate e-learning market is fragmented. EI Design Pvt. Ltd., G-Cube Webwide Software Pvt. Ltd., GP Strategies Corp., PeopleFluent Holdings Corp., and Skillsoft Corp. are some of the major market participants. Key vendors in the corporate e-learning are focusing on extensive product development and enhancing their portfolios by adding solutions such as mobile learning, gamification, and microlearning modules. External market growth drivers such as the reduction in employee training costs for employers will also offer immense growth opportunities. However, factors such as technological barriers in developing countries will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this corporate e-learning market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this corporate e-learning market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• Articulate Global Inc.
• City & Guilds Group
• CommLab India LLP
• D2L Corp.
• Designing Digitally, Inc.
• EI Design Pvt. Ltd.
• G-Cube Webwide Software Pvt. Ltd.
• GP Strategies Corp.
• PeopleFluent Holdings Corp.
• Skillsoft Corp.

Which are the Key Markets for Corporate E-learning?

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APAC was the largest corporate e-learning market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the robust growth of the manufacturing and financial sectors in China will significantly influence corporate e-learning market growth in this region.

Almost 41% of the market’s growth will originate from APAC during the forecast period. Singapore is a crucial market for corporate e-learning in APAC. Market growth in this region will be faster than the growth of the market in other regions.

What are the Major End-user Segments in the Corporate E-learning Market?

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The services sector includes companies from the hospitality, banking, IT, and healthcare industries. This sector has a high turnover rate, which has increased the need for frequent training of employees, cost-effectiveness, convenience, and flexibility. As a result, the demand for corporate e-learning solutions in the services sector will rise during the forecast period.

Market growth by the services segment will be faster than the growth of the market by the manufacturing, retail, and other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the corporate e-learning market size.

How will Employee Training Costs Influence Corporate E-learning Market Growth?

The reduction in employee training costs for employers will be a significant factor, driving the growth of the corporate e-learning market. The growing need to minimize operating cost and increase profit has driven organizations to adopt corporate e-learning solutions. Moreover, e-learning helps in reducing costs associated with employee training by eliminating the traveling and hospitality cost of instructors, enabling easy global deployment and reducing employee turnover. The training modules in e-learning can be used for offices globally, which also allow employees to go through the content several times at no additional cost. Apart from reducing the training and hiring cost of new employees, corporate e-learning solutions also help in increasing the efficiency of the end-user company. These benefits of corporate e-learning are expected to boost its adoption among end-users during the forecast period.

• Playing games release endorphins that stimulate the body and mind and results in increased knowledge retention and learning motivation.
• Gamification in corporate e-learning will lead to increased employee engagement and motivation.
• The instant feedback in the form of scores allows participants to know about their mistakes instantly and create a healthy competition between employees.
• The controlled and simulated environment of the training helps participants to learn from their mistakes.
• The increased adoption of gamification, which is one of the critical corporate e-learning market trends, will boost employee motivation and engagement.
• During 2020-2024, the corporate e-learning market share will grow at a CAGR of over 11%. 

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What are the Key Factors Covered in this Corporate E-learning Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive corporate e-learning market growth during the next five years
• Precise estimation of the corporate e-learning market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the corporate e-learning industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of corporate e-learning companies

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