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The corporate e-learning market size is estimated to grow at a CAGR of 14.3% between 2023 and 2028. The market size is forecast to increase by USD 153.41 billion.
The report includes a comprehensive outlook on the corporate E-Learning Market, offering forecasts for the industry segmented by End-user, which comprises services, manufacturing, retail, and others. Additionally, it categorizes Deployment into on-premises and cloud-based, and covers Geography regions, including North America, Europe, APAC, South America, and Middle East and Africa. 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.
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. 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.
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.
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 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.
Global Corporate E-Learning Market Customer Landscape
The corporate e-learning market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Corporate E-Learning Market Scope |
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Report Coverage |
Details |
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Page number |
164 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.3% |
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Market Growth 2024-2028 |
USD 153.41 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
13.82 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 31% |
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Key countries |
US, Canada, China, India, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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 |
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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, Market condition analysis for the forecast period. |
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Customization purview |
If our 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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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