Market Research Future revealed that the global corporate E-Learning market 2020 expects to inflate approximately 13% CAGR to settle the growth claims during the forecast period by 2017-2023. At this growth rate, the market has promising aspirations to rise at a valuation of USD 30 Billion in the same growth period. The progress of the market has been studied on the factors of segmentation, driving factors as well as regional aspects to understand the growth of things coming up in the future.
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Market Key Trends & Challenges
The rising internet technologies and emerging new e-learning applications in many organizations continued to drive the growth of the global corporate E-Learning market. The specialists are remaining optimistic that the momentum would increase the e-learning trend that appears to be heading toward a peak coming years.
The recently increased deployment of e-learning technologies in global corporations has impacted workflows and business continuity in the education industry for past years. Therefore, this resulted in the businesses of different types have started considering e-learning as a pivotal solution to their budget and productivity-related issues. With this, the changing needs of businesses and technology improvements have equally encouraged the adoption of eLearning solutions. All these factors have turned out to be an influential factor for the global corporate e-learning market’s growth over the forecast period.
At the same time, the outline of social, analytics, mobile, and cloud technologies have also aided the adoption of eLearning solutions and thus pushing its market towards growth avenues in the forecast period. The developing opportunities for developing job requirements in both external and internal organizational/market conditions have also been decisive of the market to grow in the present time and can rise revenue of the market in the coming years.
Furthermore, high training costs in e-learning has been the essential issues of the current time for any organizations regarding Corporate E-learning. Thus, by observing this, the global Corporate E-learning market has observed some obstacles while expanding, but at this note, the market took a definite step and recorded by proliferating as technology came into the picture. This resulted in e-learning to help to deliver the content more efficiently and effectively.
Corporate ELearning Market, as per segmental scrutiny, has been segmented among technology type and training type.
In terms of technology: Web-based, learning management system (LMS), learning content management system (LCMS), podcasts, virtual classrooms, Mobile E-Learning are the segments.
In terms of training type: Instructor-led & Text-based and Outsourced are the segments.
Region-wise, the global corporate e-learning market has further been studied based on the key regions such as North America, Europe, and the Asia Pacific.
The corporate e-learning market in the North American region will be expanding considerably during the forecast period in support of rising advancements in technological infrastructure and growing investments from significant organizations and e-learning vendors for launching innovative solutions and systems, especially for digital learning.
The surging popularity of self-paced and competency-based e-learning midst employees is probable to boost the growth of the market in the European region.
Asia Pacific region is also expected to observe the fastest growth in the corporate e-learning market in support of the rising number of organizations that are opening their businesses in the emerging economies of the Asia Pacific region.
Market Key Players
The crucial well-known market players contributing to the global corporate e-learning market are listed as Oracle (U.S.), Infor (U.S.), SkillSoft Corporation (U.S.), SAP (Germany), 24×7 Learning (India), Adrenna (U.S.), Digital Ignite (U.S.), CERTPOINT Systems (U.S.), Blatant Media Corporation (Canada), GeoMetrix Data Systems Inc. (Canada).
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