Global Corporate E-Learning Content Development Market 2017-2021
About Corporate E-learning Content Development
The global corporate e-learning content development market is expected to grow at a rapid rate mainly due to consistent growth of corporate e-learning. Traditionally, the corporate training market was dominated by classroom-based instructor-led training. However, with the increase in the Internet bandwidth and the tech-savvy nature of the employees, there is a radical shift from traditional classroom-based corporate learning to online e-learning platform for corporate learning, thereby compelling the content development vendors to develop content for e-learning methods.Technavio’s analysts forecast the global corporate e-learning content development market to grow at a CAGR of 11.99% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global corporate e-learning content development market for 2017-2021. To calculate the market size, the report considers revenue generated from the corporate e-learning content development vendors to organizations.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Corporate E-learning Content Development Market 2017-2021
Technavio recognizes the following companies as the key players in the global corporate e-learning content development market: AllenComm, Allen Interactions, EI Design, Obsidian Learning, and SweetRush.
Other Prominent Vendors in the market are: G-Cube, Designing Digitally, Learnnovators, CommLab India, and PulseLearning.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is microlearning as a future tool for corporate content development. With the increase in globalization, there is a need for an efficient workforce, wherein the employees are expected to apply their job-related skills and hands-on skills in everyday business activities. One of the ways to achieve this is using microlearning in learning and development.”
According to the report, one driver in the market is improved traction of BYOD. Corporates across the world are increasingly promoting the BYOD policy at the workplace, leading to the extensive use of tablets and smartphones in workstations. However, the BYOD policy has its own repercussions, the major one being the privacy and the confidentiality of the content and company secret. Keeping this in mind, as an extension of this policy, organizations are paving the way for COPE as a replacement of BYOD. This is because COPE helped them overcome the challenge of managing a wide range of devices while delivering information.
Further, the report states that one challenge in the market is delivering consistent service across a global organization. The biggest challenge for the content developers for corporate training is the standardization and the delivery of consistent service across an organization that is spread on a global level. With the continuous expansion of business, companies are opting for vendors that can provide content in more than one language and according to the custom and business environment of the country. The correct translation of content in the native language with consistent training is one of the major factors hindering the growth of the market.
AllenComm, Allen Interactions, EI Design, Obsidian Learning, SweetRush, G-Cube, Designing Digitally, Learnnovators, CommLab India, and PulseLearning.
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