Corporate e-learning market size to grow by USD 44,908.64 million from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio
NEW YORK, Dec. 1, 2022 /PRNewswire/ -- Technavio categorizes the global corporate e-learning market as a part of the education services market, the parent market. The education services market covers products, services, and solutions that are offered to educational institutions, corporate institutions, students, parents, individuals, and teachers. The global corporate e-learning market size is estimated to increase by USD 44,908.64 millionfrom 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 12.19%.
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Global corporate e-learning market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines ?
Key purchase criteria
Adoption rates
Adoption lifecycle
Drivers of price sensitivity
Global corporate e-learning market? Vendor analysis
Vendor landscape - The global corporate e-learning market is fragmented, with the presence of several companies. A few prominent vendors that offer corporate e-learning in the market are Articulate Global Inc., Cegid SA, Cegos Group, City and Guilds Group, CommLab India LLP, Compunnel Software Group Inc., Continu, Cornerstone OnDemand Inc., D2L Corp., Designing Digitally Inc., and others.
The products offered by vendors are undifferentiated. In addition, the low initial investment required to enter the market, low exit barriers, and low regulatory compliances encourage the entry of startups. Vendors are focusing on extensive product development and enhancing their portfolios by adding solutions such as mobile learning, gamification, and micro-learning modules. Companies are offering e-learning solutions through wearable technology devices to gain a competitive advantage. In addition, some vendors are trying to differentiate themselves by offering localized solutions for multinational companies. Such factors are expected to drive the competition among vendors at a moderate rate.
Vendor offerings -
Articulate Global Inc.: The company offers corporate e-learning through Articulate 300 training webinar, courses, and videos.
Cegid SA: The company offers e-learning such as peer learning and development activities, creative tools, training management solutions, and content as a service.
City and Guilds Group: The company offers corporate e-learning for staff engagement, retention or business growth, reassessing the talent strategies in the corporate offices.
CommLab India LLP: The company offers corporate e-learning with rapid discussions, e-classroom lessons, and e-learning translations.
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Global corporate e-learning market - Segmentation assessment
Geography overview
Based on geography, the global corporate e-learning market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and an accurate estimation of the contribution of all regions to the growth of the global corporate e-learning market.
North America held 35% of the global corporate e-learning market in 2022. The market in the region is estimated to grow at the fastest pace during the forecast period. The US is the major contributor to revenue to the market. The country has many major IT companies, such as Adobe, Oracle, Microsoft, and IBM, which have offices globally. The employees need to be updated and informed about the latest developments in the industry, which requires corporate training. Hence, companies are investing heavily in training their employees working at different locations through the use of corporate e-learning solutions.
Segment Overview
Based on end-user, the global corporate e-learning market is segmented into services, manufacturing, retail, and others.
The market share growth of the services segment will be higher than the other segments during the forecast period. There is a high need for convenient and flexible learning mechanisms, and e-learning solutions are an ideal choice for training employees in service industries such as hospitality. For instance, in the hospitality industry, employees must interact with customers on a frequent basis. Such factors will drive the growth of this segment
Global corporate e-learning market? Market dynamics
Impactful driver - The reduction in employee training costs is driving the global corporate e-learning market growth. Organizations are looking for ways to cut down operating costs and increase their profits. E-learning helps organizations reduce the cost incurred in training employees. The reduction in such costs encourages end-users to adopt corporate e-learning courses.
Key trend - The adoption of microlearning is a key trend in the market. 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 used across several end-user industries, such as banking, retail, and manufacturing. Such benefits are expected to fuel the demand for corporate e-learning during the forecast period.
Major challenge - The complexities in designing e-learning courses are challenging the global corporate e-learning market growth. Providing e-learning content that can appeal to all age groups is difficult. For instance, most Millennials are comfortable with technology, but the same might not be the case with Baby Boomers. Hence, designing generic online content becomes challenging for companies.
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What are the key data covered in this corporate e-learning market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the corporate e-learning market between 2023 and 2027
Precise estimation of the size of the corporate e-learning market size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the corporate e-learning market industry across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of corporate e-learning market vendors
The corporate leadership training market is estimated to grow at a CAGR of 9.51% between 2021 and 2026. The size of the market is forecasted to increase by USD 18.59 billion. The market is segmented by application (online training, ILT, and blended training) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
The corporate blended learning market is estimated to grow at a CAGR of 12.68%. The size of the market is forecasted to increase by USD 36,284.86 million. The market is segmented by type (systems, content, courses, and solutions), end-user (automotive industry, BFSI sector, consumer goods industry, energy industry, and others), and geography North America, Europe, APAC, South America, and Middle East and Africa.
Corporate E-Learning Market Scope
Report Coverage
Details
Page number
167
Base year
2022
Historic period
2017-2021
Forecast Period
2023 -2027
Growth momentum & CAGR
Accelerate at a CAGR of 12.19%
Market growth 2023-2027
USD 44,908.64 million
Market structure
Fragmented
YoY growth (%)
11.81
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing contribution
North America at 35%
Key countries
US, Canada, China, India, and UK
Competitive landscape
Leading Companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Articulate Global Inc., Cegid SA, Cegos Group, City and Guilds Group, CommLab India LLP, Compunnel Software Group Inc., Continu, Cornerstone OnDemand Inc., D2L Corp., Designing Digitally Inc., Epignosis, G Cube Webwide Software Pvt. Ltd., Hive Learning Ltd., Intuition Publishing Ltd., John Wiley and Sons Inc., Kallidus Ltd., Learning Technologies Group Plc, MPS Group, Paylocity Holding Corp., and Skillsoft Corp.
Market dynamics
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period
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.
Exhibit 148: Hive Learning Ltd. - Product / Service
Exhibit 149: Hive Learning Ltd. - Key offerings
12.14 John Wiley and Sons Inc.
Exhibit 150: John Wiley and Sons Inc. - Overview
Exhibit 151: John Wiley and Sons Inc. - Business segments
Exhibit 152: John Wiley and Sons Inc. - Key offerings
Exhibit 153: John Wiley and Sons Inc. - Segment focus
12.15 Learning Technologies Group Plc
Exhibit 154: Learning Technologies Group Plc - Overview
Exhibit 155: Learning Technologies Group Plc - Business segments
Exhibit 156: Learning Technologies Group Plc - Key news
Exhibit 157: Learning Technologies Group Plc - Key offerings
Exhibit 158: Learning Technologies Group Plc - Segment focus
12.16 MPS Group
Exhibit 159: MPS Group - Overview
Exhibit 160: MPS Group - Product / Service
Exhibit 161: MPS Group - Key offerings
12.17 Skillsoft Corp.
Exhibit 162: Skillsoft Corp. - Overview
Exhibit 163: Skillsoft Corp. - Business segments
Exhibit 164: Skillsoft Corp. - Key offerings
Exhibit 165: Skillsoft Corp. - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 166: Inclusions checklist
Exhibit 167: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 168: Currency conversion rates for US$
13.4 Research methodology
Exhibit 169: Research methodology
Exhibit 170: Validation techniques employed for market sizing
Exhibit 171: Information sources
13.5 List of abbreviations
Exhibit 172: List of abbreviations
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