USD 244.30
Report ID:
SQMIG45A2101 |
Region:
Global |
Published Date: August, 2024
Pages:
197
|Tables:
144
|Figures:
80
Corporate E-Learning Market size was valued at USD 278.6 Billion in 2023 and is poised to grow from USD 317.72 Billion in 2024 to USD 908.85 Billion by 2032, growing at a CAGR of 14.04% during the forecast period (2025-2032).
One of the primary growth factors of the eLearning industry is the increasing adoption of smartphones, mobile devices, and the Internet. By continually increasing bandwidths and lowering data prices, this has revolutionised content delivery manners and also advanced the technique. New standards for corporate learning and training are created by the advanced application of technologies. As quick changes, such as those brought on by breakthrough technology, present difficulties for organisations, it helps shift the conventional method of doing things.
The usage of telecommuting and remote working is growing as businesses become more transcontinental and worldwide. For these industries, managing and storing such a big amount of data in their libraries or stores is challenging due to the course content's expanding volume. With the electronic technique of content delivery, these industries can store and manage their course or company information in online websites or applications.
These industries now have more flexibility in the content processing, storage, and accessibility thanks to the growing use of cloud-based systems in the eLearning market. Remote access, security, data backup, and cost-effectiveness are just a few of the cloud learning platform's main benefits. Students can easily access the curriculum thanks to technology rather than having to rely on books and other course materials, which is another benefit.
US Corporate ELearning Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 244.30
Largest Segment
Carbon Steel
Fastest Growth
Aluminium
Growth Rate
14.04% CAGR
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Global Corporate E-Learning Market is segmented based on training type, technology and region. Based on training type, the market is segmented into Custom e-Learning, Responsive e-Learning, Micro e-Learning, Translation & Localization, Game-Based Learning, and Rapid e-Learning. Based on courses, market is segmented into Self-Paced Courses, and Instructor-Led Virtual Courses. Based on technology, market is segmented into Artificial Intelligence, Augmented Reality and Virtual Reality, and Big Data, Cloud Computing. Based on learning method, market is segmented into Blended Learning, Mobile Learning, Virtual Classrooms, and Simulation. Based on end user, market is segmented into Academic, Corporate, and Government. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Corporate E-Learning Market Analysis by Training
The dominant segment in the global corporate eLearning market is the self-paced training segment. Self-paced training is a type of training where learners can learn at their own pace and in their own time. Self-paced training can be delivered through a variety of channels, such as web-based LMS, LCMS, and mobile e-learning. Self-paced training is becoming increasingly popular, as it offers learners flexibility and convenience.
The market is expected to grow at a slower pace than the self-paced training segment. Instructor-led training (ILT) is a traditional form of training where learners are taught by an instructor in a classroom setting. ILT is still the most popular form of training for corporate training providers, as it allows for interaction between learners and instructors. However, ILT can be expensive and time-consuming, which can limit its appeal to some organizations.
Corporate E-Learning Market Analysis by Technology
LMS is the dominant segment of the technology segment, accounting for the largest market share. Web-based LMS are easy to use and flexible, making them a popular choice for corporate training providers. They also offer a wide range of features, such as content management, tracking, and reporting, which can help organizations to improve the effectiveness of their training programs.
Market expansion is anticipated to accelerate. Learning content management systems (LCMS) are used to create, manage, and deliver learning content. They can be used to create a variety of content types, such as text, images, videos, and simulations. LCMS can also be used to track learner progress and provide feedback.
Corporate E-Learning Market Analysis by learning method
Based on learning method, the market is segmented into blended learning, mobile learning, virtual classrooms, and simulation. The blended learning segment held the largest revenue share of 35.3% in 2022. Blended learning is an instructional approach that integrates traditional brick-and-mortar classroom training and online learning activities. It distinguishes itself from fully online eLearning by retaining the presence of an instructor in face-to-face training sessions.
The simulation segment is expected to witness the highest CAGR of 21.7% during the forecast period. E-learning simulations allow learners to practice and train for work procedures or routines within a virtual learning environment. This simulated environment is created using multimedia graphics and assets closely resembling the working environment. It facilitates experiential learning through hands-on activities. Many organizations are launching e-learning simulations to attract customers to their business. For instance, in November 2021, KNOLSKAPE, a gaming and simulation software company, introduced Leading Virtual Teams or LTV. LTV is an innovative platform that provides learners with a safe environment to experiment, embrace failure, unlearn outdated approaches, and acquire knowledge without facing real-world repercussions.
Corporate E-Learning Market Analysis by End-user
Based on end-use, the market is segmented into academic, corporate, and government. The academic segment held the largest revenue share of 46.5% in 2022 and is expected to maintain its position over the forecast period. E-learning plays a key role in the academic sector by providing an innovative and technologically driven approach to education. Integrating e-learning in academics has emerged as a transformative factor in education, revolutionizing traditional teaching methodologies. E-learning leverages digital platforms and online resources to deliver educational content, facilitating a flexible and interactive learning experience. According to the statistics by ispring Solutions, an eLearning software company, 63% of high school students in the U.S. utilize digital learning tools daily. Furthermore, a significant proportion of elementary school students, specifically 45%, incorporate at least one digital learning tool into their daily educational routine
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With a CAGR of 10.3% expected by 2030, North America is expected to continue to lead the regional market. A high level of knowledge of their advantages over traditional offline learning models, superior technological infrastructure, and a wide range of innovative learning and training solutions are what are driving the demand for eLearning from the institutional segment in the region. The same is further supported by technologically savvy companies that demand advanced levels of linguistic competence, as well as functional and vocational knowledge, and soft skills. North America's market growth is mostly influenced by the US's high demand for eLearning solutions.
The worldwide eLearning market is expanding most quickly in Asia-Pacific. A CAGR of 17.1% is predicted for growth between now and 2030. It is expected that the fast urbanization and rising smartphone penetration will have an effect on the APAC eLearning market. The likelihood that users will utilize these devices to access educational information and learning materials rises as a result, providing vendors with a larger potential user base to pursue.
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Corporate E-Learning Market Drivers
Gamification and Engagement
Rapidly Changing Workforce and Skills Gap
Corporate E-Learning Market Restraints
Learner Engagement and Motivation
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The global corporate eLearning market is highly competitive, with numerous players vying for market share and offering a wide range of eLearning solutions and services. The competitive landscape is characterized by the presence of established global players as well as smaller regional and niche players.
Corporate E-Learning Market Top Player’s Company Profiles
Corporate E-Learning Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global corporate eLearning market has witnessed significant growth and is projected to continue expanding in the coming years. Factors such as the increasing adoption of digital learning, the rise of remote work, and the need for continuous skill development have fuelled the market's growth. Market research reports indicate a strong compound annual growth rate (CAGR) for the corporate eLearning market. Traditional classroom-based training is being gradually replaced by digital learning solutions. Organizations are recognizing the advantages of e-learning, such as cost-effectiveness, scalability, and flexibility. The shift towards digital learning is driven by the need for on-demand access to training content, personalized learning experiences, and the ability to track and assess learning outcomes. The global corporate eLearning market is witnessing significant growth driven by factors such as the shift towards digital learning, technological advancements, mobile learning, personalization, and the need for compliance training. The market presents numerous opportunities for organizations to enhance training effectiveness, improve employee skills, and achieve organizational goals through scalable and flexible eLearning solutions.
Report Metric | Details |
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Market size value in 2022 | USD 244.30 billion |
Market size value in 2031 | USD 796.96 billion |
Growth Rate | 14.04% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Corporate E-Learning Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Corporate E-Learning Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Corporate E-Learning Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Corporate E-Learning Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45A2101
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