Future Analysis For Corporate ELearning Market Size Forecast By 2020 – 2027
Corporate e-learning platforms are gaining huge popularity, and the market is increasingly gaining momentum. A leading research firm Market Research Future (MRFR), asserts that the global Corporate ELearning Market Size would reach a valuation of USD 30 Billion, growing at a 13% CAGR during the forecast period (2020 – 2027).
Manor factors impacting the corporate e-learning adoption are budget and productivity-related issues and changing business needs & technologies. Additionally, increasing training budgets of corporate and the introduction of social, mobile, analytics, and cloud technologies influence the eLearning solution adoptions. Growing awareness for the benefits of corporate e-learning, online training tools and devices, such as interactive displays, foster the growth of the market.
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Moreover, increasing numbers of mobile learning applications and professional expertise, alongside advances in digital learning technologies, provide impetus to the market growth. On the flip side, the competitive nature of the market itself is acting as a major headwind for the growth of the market.
Corporate ELearning Market Size - Segmentation
The report is segmented into four major dynamics;
· By Technology: Web-Based, Learning Management System (LMS), Learning Content Management Systems, Podcasts, Virtual Classrooms, Mobile E-Learning, and others.
· By Training Type: Instructor-led & Text based and outsourced.
· By Regions : Americas, Europe, APAC, and the Rest-of-the-World.
Corporate ELearning Market Size - Regional Analysis
North America dominates the global Corporate ELearning Market Size, followed by Europe. The largest market share attributes to technological advances and the proliferation of the internet, smartphones, and tablets in the region. Besides, the strong presence of notable e-learning service providers and well-established technological infrastructure influence the market growth.
The Asia Pacific Corporate ELearning Market Size is projected to witness significant growth, emerging as a promising market in terms of size. Factors such as rising numbers of organizations opening their corporate offices/business centers in emerging economies of this region propel the growth of the Corporate ELearning Market Size. Furthermore, the economic growth and penetration of connectivity and connected devices in this region substantiate the market share.
Europe stands as another prominent market for corporate e-learning. The market growth is pushed by the increasing popularity of self-paced and competency-based e-learning among employees. Additionally, growing spending on corporate training by major organizations and substantial investments by e-learning vendors in launching innovative digital learning solutions and systems boosts the market size.
Corporate ELearning Market Size - Competitive Analysis
Fiercely competitive, the Corporate ELearning Market Size appears fragmented due to the competitive landscape formed by many notable players and the new entrants. Matured players incorporate collaboration, acquisition, partnership, product launch, and expansion in order to gain a competitive advantage in this market.
They focus on innovations of products and new processes, which is anticipated to fuel the already intensified competition during the forecast period. A high growth prospect demonstrated by the market attracts several new entrants, further intensifying the market competition.
Major Players
Players leading the Corporate ELearning Market Size include Oracle (US), SAP (Germany), Infor (US), SkillSoft Corporation (US), 24x7 Learning (India), Adrenna (US), CERTPOINT Systems (US), GeoMetrix Data Systems Inc. (Canada), Digital Ignite (US), and Blatant Media Corporation (Canada), among others.
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