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 e-learning market would reach a valuation of USD 30 Billion, growing at a 13% CAGR during the forecast period (2017 – 2023).
Corporate e-learning is a growing trend gaining colossal traction on the global platform. The advent of e-learning applications has phenomenally changed the way organizations deliver their product and services that help increasing their revenues. As a result, enterprises of different sizes have started adopting eLearning solutions, considering it a viable solution to drive organizational growth.
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 E-learning Market - 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 E-learning Market - Regional Analysis
North America dominates the global corporate e-learning market, 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 e-learning market 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 e-learning market. 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 E-learning Market - Competitive Analysis
Fiercely competitive, the corporate e-learning market 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 e-learning market 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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Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.
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Smart education and learning, simply put, is an electronic means of education and learning through the help of software technologies like learning applications, cloud platforms, and others.
It has wide applications in healthcare, professional services, NGOs and association, enterprise/business education, and government.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2870Various factors are propelling the global smart education & learning market share.
As per the current MRFR report, such factors include the increasing use of e-learning methods by corporate organizations for organizing effective training programs for their employees, growing demand for interactive learning techniques like gamification and mobile educational applications, adoption of distance learning and education due to the COVID-19 outbreak, growing use of machine learning and artificial intelligence, adoption of eLearning solutions, and proliferation of connected devices in the education sector.
Additional factors adding market growth include the increased collaboration between educational content providers and hardware vendors, technological advances, and widespread government initiatives.On the contrary, privacy and security concerns, scarcity of infrastructure and resources, and dearth of expertise and knowledge among end users are factors that may limit the Smart Education and Learning Market Growth over the forecast period.Market SegmentationThe MRFR report provides an inclusive segmental analysis of the smart education and learning market based on organization size, deployment, application, service, hardware, and software.By software, the global smart education and learning market is segmented into assessment services, adaptive learning platform, learning content management system, learning management system, and others.By hardware, the global smart education and learning market is segmented into student response systems, interactive tables, interactive displays, and interactive white boards.By service, the global smart education and learning market is segmented into professional services and managed services.By application, the global smart education and learning market is segmented into healthcare, professional services, NGOs and association, enterprise/business education, and government.By deployment, the global smart education and learning market is segmented into on-premise and cloud.By organization size, the global smart education and learning market is segmented into a large organization and small & medium organization.Regional AnalysisBased on region, the global smart education and learning market report covers the recent trends and growth opportunities across the Americas, the Asia Pacific (APAC), Europe, & the Rest of the World (RoW).
Presence of a large customer base & well-established ICT solution providers, and adoption of innovative technologies like personalized literacy programs, gamification, microlearning, and massive open online courses (MOOCs) are adding to the global smart education & learning market growth in the region.
Government-driven initiatives like government-funded projects in rural areas for literacy development and the presence of growing economies like Japan, India, and China are adding to the global smart education and learning market growth in the region.The smart education & learning market in Europe is predicted to have healthy growth during the forecast period, & that in the RoW is predicted to have sound growth over the forecast period.Competitive Analysis and Key Players The entrance of new markerters is expected to drive the smart education and learning market growth.
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