Learning after completion of formal education has gained traction in the recent years due to the need of individuals to keep themselves abreast of latest trends. Focused Market reports connected to the information & communication technology sector among others lately have been made available by Market Research Future which publishes a report on this sector. The industry is expected to achieve revenues worth USD 30 Billion while expanding at a 13 percent CAGR through the forecast period.
The corporate sector is placing an increasing level of emphasis on the development of their employees in terms of knowledge related to their job roles. Increased productivity of employees and ability to better carry out their responsibilities have prompted increased investments in corporate e-learning programs. The ease of deliverability of course content over online channels has increased the popularity of the industry and has raised the inclination level of businesses to implement corporate e-learning programs.
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The industry for corporate E-Learning is segmented on the basis of training type, technology and region. The technology segment of the industry is further segmented into learning management system (LMS), web based, learning content management system (LCMS), virtual classrooms, podcasts and others. The training type segment of the corporate e-learning market is further segmented into Text based & Instructor-led and Outsourced. The region wise segmentation of the industry comprises of regions such as North America, Asia Pacific, Europe and Rest of the World.
Detailed Regional Analysis:
The regional analysis of the corporate e-learning market comprises of regions such as Asia Pacific, Europe, North America and Rest of the World. The corporate e-learning industry in the North American region is estimated to develop significantly in the duration of the forecast period. This main reason behind this are the growing advances observed in technological infrastructure and growing investments from major organizations. The launching of innovative solutions and systems by e-learning vendors in digital learning have increased the growth prospects of the market. Growing popularity of competency-based and self-paced e-learning among employees is estimated to boost the development of the industry in the European region. The Asia Pacific region is anticipated to observe the fastest growth in the Global Corporate ELearning Market due to the rising number of organizations establishing their businesses in the emerging economies of this region.
Global Competitive Analysis:
Challengers in the market who are constantly delivering customer value have devised their corporate strategy blueprint in a manner that can bring about the best outcomes for development in the current scenario, while also concurrently enhancing their product’s value. The capability to fuel their competitive edge is one of the chief causes powering their efforts in this period. The opportunity for development in the industry appears to be encouraging through the forecast period. The escalating interest for diversification in the industry, has indirectly allowed the companies to utilize many scenarios available in the industry. This situation has created prospects for portfolio improvements along with diversification in the sector, which has enhanced the scenario for market competitors immensely in this industry. The firms in this industry are also trying to improve and preserve financial liquidity that can be vital to invest in growth prospects as and when they arise.
The chief players in the corporate e-Learning industry are Adrenna (U.S.), 24×7 Learning (India), Digital Ignite (U.S.), Infor (U.S.), Oracle (U.S.), SAP (Germany) SkillSoft Corporation (U.S.), CERTPOINT Systems (U.S.), GeoMetrix Data Systems Inc. (Canada), Blatant Media Corporation (Canada) among others.
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