The corporate E-Learning Market is expected to grow at a robust 9.71% CAGR.
Corporate e-learning is one of the fastest-growing and promising markets in the education industry. While the market is currently evolving, it is poised to expand in the coming years. Corporations require an all-inclusive approach to meet their training needs, leading to convergence within the e-training industry. Value-added services in the particular assessment and custom curriculum design, online mentoring and performance support, reporting and tracking, and hosting will fuel market growth in the years to come.
With the unemployment rate as high as 5.4% in 2022, according to the International Labour Organization, there is an urgent need for training and learning equipped with a practical approach. Corporate training ensures that an employee has the necessary skillset which is aligned with enterprise objectives. These training sessions can be imparted through e-learning platforms. They can be translated to lower costs to deliver training in a shorter period, especially when employees are spread worldwide. Hence, driving the market demand for corporate e-learning.
By technology, virtual classrooms and learning management systems are expected to hold a significant share because of growing internet access worldwide. By training type, soft skills and compliance skills are more prevalent and thereby hold a major share in the market. Geographically, the largest share in the market will be dominated by North America while the Asia Pacific is likely to grow with the fastest CAGR owing to the rising use of mobile devices in emerging economies such as China, India, Malaysia & South Korea, and the growing internet penetration in this region.
Corporate e-learning market drivers?
Increasing penetration of digital media and services
The increasing penetration of smartphones and tablets, and the rising adoption of cloud computing will offer growing opportunities to the market. Similarly, the increasing adoption of video instructor-led training methods and the recent technological advancements such as augmented & virtual reality provide a new approach to training. These are some of the factors that can provide lucrative opportunities for the market to grow. The growing advances in technological infrastructure and the rise in investment from major organizations around the world are also believed to push the growth of the market over the forecast period.
Corporate e-learning market geographical outlook
Based on geography, the corporate E-Learning market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific regions. The North American region is anticipated to hold the largest market share in the forecast period. The high technological development and at the same time, high technological adoption rate in countries of North America such as the United States is propelling the market growth. Further, there is an increase in demand for skill enhancement of the workforce leading to companies in this region to prioritise skill training and their upskilling leading to market growth.
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Report Coverage:
Historical data & forecasts from 2022 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)
Corporate E-Learning Market is analyzed into the following segments:
By Training Type
Technical Skills
Soft Skills
Compliance
Other
By Size
Small and Medium
Large
By Technology
Learning Management System
Rapid Web-based
Application Simulation Tool
Virtual Classrooms
By Industrial Vertical
Government/Public Sector
Manufacturing
Professional and Technology Sector
Financial Services
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Italy
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Others
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