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, & Market Dynamics - Technavio
NEW YORK, Dec. 8, 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 forecast to grow by USD 44,908.64 million at a CAGR of 12.19% between 2023 and 2027.
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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 due to the presence of numerous vendors. Most vendors in the market offer undifferentiated products. Factors such as low initial investment, low exit barriers, and low regulatory compliances are encouraging the entry of new players into the market. Major companies are trying to have a competitive advantage over other companies by offering E-learning solutions through wearable technology devices. Other vendors are focusing on offering localized solutions for multinational companies. These factors are expected to moderately increase the competition among vendors during the forecast period.
Vendor Offerings -
Articulate Global Inc.: The company offers corporate e-learning through Articulate 300 training webinars, 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.
Cegos Group: The company offers e-learning through multiple digital modalities such as videos, virtual classes, e-learning modules, blogs, forums, online communities, and mobile apps.
Global corporate e-learning market - Segmentation Assessment
Geography Overview
By geography, the global corporate e-learning market is segmented into North America, Europe, APAC, South America, and 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 will account for 35% of the market's growth during the forecast period. The region is home to many major IT companies, such as Adobe, Oracle, Microsoft, and IBM and these companies have offices globally. This is one of the major factors driving the growth of the regional market. Besides, factors such as rapidly evolving technologies and the need for training employees to keep them updated and informed about the latest technological developments are driving the growth of the corporate e-learning market in North America.
Segment Overview
By 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. The segment is driven by factors such as the advent of new technologies, the digitalization of processes, and the high rate of technology adoption in the services sector.
Global corporate e-learning market? Market Dynamics
Leading Driver - The reduction in employee training costs for employers is driving the growth of the market. Organizations continuously look to cut down operational costs and improve profit margins. Employee training is one area in which they spend significantly. Hence, they are adopting e-learning to reduce the costs associated with employee training. E-learning eliminates the traveling and hospitality costs of both instructors and employees. It helps them in reducing employee turnover, which results in less cost for training new employees and increases the efficiency of the company. Moreover, organizations can use the same training modules for offices globally, which minimizes cost. Many such cost benefits associated with the adoption of e-learning is driving the growth of the global corporate e-learning market.
Key Trend - The adoption of microlearning is the key trend in the market. Many organizations are increasingly adopting microlearning solutions as they offer several benefits. The use of bite-sized learning modules and short-term learning activities in the microlearning model makes it easier for learners to understand the concept. It is mobile-friendly, which allows learners to access learning material at their convenience. Also, the advent of microlearning has enabled corporate vendors to move from traditional, lecture-style, long-duration videos to short videos. These videos prove to be interesting and engaging as the information is delivered within a short duration. Many such benefits are increasing the adoption of microlearning, which is driving the growth of the market.
Major Challenge - Complexities in designing e-learning courses are the major challenge in the market. Many organizations have employees of varying ages, ranging from baby boomers to millennials. This makes providing a generic e-learning content challenging for companies. Vendors also face challenges while learning e-learning courses that are interesting and engaging enough to draw learner attention. Moreover, the cost associated with the development of the e-learning courses is very high. A significant amount of time, money, and resources goes into the development of content for e-learning courses. Many such challenges are hindering the growth of the global corporate e-learning market.
Driver, Trend, & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find few insights from a sample report!
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 market between 2023 and 2027
Precise estimation of the size of the corporate e-learning market and its contribution to the parent market.
Accurate predictions about upcoming trends and changes in consumer behavior.
Growth of the market industry across North America, Europe, APAC, South America, and Middle East and Africa.
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.
Related Reports:
The predicted growth of the e-learning market size from 2021 to 2026 is USD 1.72 trillion at a progressing CAGR of 16.35%. The learning process enhancements in the academic sector is notably driving the market growth, although factors such as the growing in-house content development may impede the market growth.
The e-learning courses market size is expected to increase by USD 109.05 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 16.75%. The digitization of learning processes is notably driving the e-learning courses market growth, although factors such as credibility issues may impede the market growth.
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 44908.64 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
11.81
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 35%
Key countries
US, Canada, China, India, and UK
Competitive landscape
Leading Vendors, 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, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition 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.
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Deployment
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global corporate E-learning market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global corporate E-learning market 2017 - 2021 ($ million)
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
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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