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The corporate e-learning market size is forecast to increase by USD 153.41 billion, at a CAGR of 14.3% between 2023 and 2028. Market expansion relies on various factors, including the diminished costs of employee training for employers, the widespread adoption of smartphones and tablets, and the escalating integration of cloud computing. Reduced expenses associated with employee training alleviate financial burdens on employers, fostering business scalability and efficiency. Moreover, the pervasive use of smartphones and tablets enhances accessibility to products and services, catalyzing market reach and consumer engagement. Additionally, the rising adoption of cloud computing solutions revolutionizes business operations, optimizing resource utilization and facilitating remote accessibility. These converging trends intersect to propel market growth, driving innovation, and transforming industry landscapes while meeting evolving consumer demands and technological advancements. The report provides market size, historical data spanning from 2018 to 2028, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The corporate e-learning market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
North America is expected to account for 31% of market growth during the forecast period.
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The US is the major contributor to revenue to the market. The country is home to many major IT companies, such as Adobe, Oracle, Microsoft, and IBM. All of these companies have offices globally. The rapid evolution of technologies drives the need to train employees to keep them updated and informed about the latest developments in the industry concerned. Hence, companies are investing heavily in training their employees working at different locations through the use of corporate E-learning solutions. Cost-effectiveness further drives the demand for corporate E-learning. Hence, such factors are expected to drive market growth in this region during the forecast period.
Based on end-user. The market share growth by the services segment will be significant during the forecast period. In a service-oriented industry, for instance, the hospitality industry, employees must interact with customers on a daily/frequent basis. Today, customers demand a high level of service. Hence, employees must be well-trained and well-informed to ensure the highest level of customer satisfaction.
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The services segment shows a gradual increase in the market share of USD 46.63 billion in 2018. Consequently, employees must be well-trained and well-informed to ensure the highest level of customer satisfaction. Thus, organizations in the hospitality industry have to train their employees on a regular basis to maintain service quality. This drives the demand for E-learning solutions in services due to their cost-effectiveness.
The market is experiencing unprecedented growth, fueled by the surge in remote working and telecommuting trends. With a focus on mobile devices and cloud-based systems, companies are embracing electronic techniques to deliver training and development programs. Leveraging online websites and cloud learning platforms, organizations bridge skill gaps through content processing and digital transformation initiatives. Artificial intelligence and machine learning algorithms drive adaptive training solutions, ensuring affordable and customizable learning experiences. This shift from traditional methods like printed materials and venue rentals to cloud computing platforms reduces costs associated with instructor fees and overheads. As businesses prioritize transaction processing and skill enhancement, the Corporate E-Learning market emerges as a cornerstone for training and development in the digital age. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The reduction in employee training costs for employers is the key factor driving market growth. Organizations look for ways to cut down their operating costs and increase their profits. Employee training is one area where organizations spend significantly. E-learning helps organizations reduce the cost incurred on employee training. The corporate learning landscape is rapidly evolving with the integration of electronic techniques and cloud-based platforms, offering adaptable and affordable training solutions to meet the diverse needs of modern organizations.
For example, the Bank of Ireland is estimated to have reduced its learning and development (L&D) costs significantly after the adaptation of Learning Zone, a corporate E-learning system. Thus, such reduction in training costs encourages end-users to adopt corporate E-learning courses, thereby driving the market growth during the forecast period.
The adoption of microlearning is the primary trend shaping market growth. Microlearning deals with the use of bite-sized learning modules and short-term learning activities. The focus on personalization and adaptive learning is increasing the popularity of microlearning. Microlearning is being used across several end-user industries, such as banking, retail, and manufacturing.
For example, in a scenario where a new bank employee is delivering a presentation on the benefits of obtaining credit cards from the bank, an interested customer might ask the bank employee about the maintenance fees associated with it, in which case, if the bank employee is unaware, he/she can quickly use the microlearning module to answer the query. Thus, such benefits are expected to propel the demand for the market in focus during the forecast period.
The complexities in designing e-learning courses is a significant challenge that affects market growth. The need for effective and appealing content cannot be underestimated while designing the content of an E-learning module. In organizations where employees belong to different age groups, ranging from baby boomers to millennials, providing e-learning content that can appeal to all these groups of participants can pose a challenge. A significant amount of time, money, and resources are incurred on developing content for E-learning courses.
Likewise, the cost keeps increasing as the complexity of the content increases. Major factors impacting the cost of creating E-learning content are the resources needed, the state of the source content, the elements embedded in the E-learning content, and interactivity and instructional complexity. Thus, such factors may impede the growth of the market during the forecast period.
The report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
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The market is undergoing a profound transformation, driven by the adoption of electronic techniques and cloud learning platforms. With the shift towards remote access and data security, companies prioritize learner engagement and knowledge retention. From course materials to learner progress tracking, learning management systems (LMS) and learning content management systems (LCMS) streamline content management and reporting processes. Virtual classrooms and mobile e-learning cater to technologically savvy companies, offering interactive learning experiences and gamification elements like badges and leaderboards. This dynamic landscape addresses skills gaps and fosters continuous learning across various sectors, from finance to public services. Emphasizing personalized learning environments and compliance training, the Corporate E-Learning market aligns with organizational goals and performance targets while enhancing employee motivation and ROI. As businesses embrace self-paced learning and collaborative opportunities, the Corporate E-Learning market emerges as a cornerstone for talent management and workplace safety in the knowledge-based economy.
Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.3% |
Market Growth 2024-2028 |
USD 153.41 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
13.82 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 31% |
Key countries |
US, Canada, China, India, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Articulate Global Inc., Cegid SA, Cegos Group, City and Guilds Group, CommLab India LLP, Cornerstone OnDemand Inc., Cross Knowledge, D2L Corp., Designing Digitally Inc., EI Design Pvt. Ltd., G Cube Webwide Software Pvt. Ltd., Hive Learning Ltd., Infopro Learning Inc., Intuition Publishing Ltd., Kallidus Ltd., Learning Pool, Learning Technologies Group Plc, Mind Tools Ltd., Omniplex Group Ltd., and City and Guilds Group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the market forecasting period. |
Customization purview |
If our market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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