The global Corporate eLearning Market was valued at USD 210.5 billion in 2021 and it is anticipated to grow up to USD 857.4 billion by 2031, at a CAGR of 24.0% during the forecast period.

Corporate eLearning is a type of online learning that is designed specifically for employees of businesses and organizations. It can be used to train employees on company policies and procedures, help them improve their job skills, and keep them up-to-date on industry trends. Corporate eLearning can be delivered through a variety of methods, including online courses, webinars, and e-learning portals.

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Market Trends and Drivers

The key drivers of the Corporate eLearning market are the need for organizations to provide employees with access to high-quality training and development programs, the need to reduce training costs, and the need to improve employee productivity. Organizations are increasingly recognizing the importance of employee training and development to remain competitive. A well-trained workforce is essential for organizational success, and eLearning provides a cost-effective and convenient way to provide employees with access to high-quality training programs. In addition, eLearning can help organizations reduce training costs by eliminating travel and accommodation expenses. Another key driver of the Corporate eLearning market is the need to improve employee productivity. Organizations are under pressure to do more with less, and this has led to a need to find ways to improve employee productivity. eLearning can help employees to work more efficiently by providing them with the knowledge and skills they need to do their jobs more effectively. Finally, the increasing adoption of mobile devices is also driving the growth of the Corporate eLearning market. Mobile devices such as smartphones and tablets are becoming increasingly popular, and employees are using them for various tasks, including online training content. This trend is expected to continue, and organizations must ensure that their eLearning solutions are compatible with mobile devices to remain competitive.

Market Restraints and Challenges

The key restraints and challenges in the corporate e-learning market are lack of awareness and understanding about Corporate eLearning: There is a lack of awareness and understanding about Corporate eLearning among employees and employers. This is a major challenge in the adoption of Corporate eLearning. Lack of skilled and experienced resources: There is a lack of skilled and experienced resources who can develop and deliver Corporate eLearning programs. This is a major challenge in the successful implementation of Corporate eLearning. Lack of standardization: There is a lack of standardization in the Corporate eLearning industry. This is a major challenge in the growth of the Corporate eLearning market. High cost of implementation: The cost of implementing Corporate eLearning programs is high. This is a major challenge in the adoption of Corporate eLearning.

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Global Corporate eLearning Market Segmental Overview

The report analyses the global Corporate eLearning Market based on Technology, Provider, Organization Size, Deployment, Region.

Global Corporate eLearning Market By Technology

Based on the technology, the Corporate eLearning market industry is divided into Online e-learning, Learning Management System (LMS), Mobile e-learning, Rapid e-learning, Virtual classroom, and Others. Of these, the Learning Management System (LMS) segment registered significant revenue in 2021. This is owing to increased government initiatives for the digitization and a rising trend of the Bring Your Own Device (BYOD) policy in the offices. The participants are focusing on capturing the evolving market by improving the overall functionality of their offerings. For instance, in April 2022, Cypher Learning Inc. introduced next generation capabilities that enhance skill development, evolving LMS into intelligent learning platform (ILP). Through this launch, the company is focusing on providing a mix of both the technologies integrated in a single platform. The optimization of the user’s learning experience will fuel the market growth.

Global Corporate eLearning Market by Provider

By provider, the industry is bifurcated into service, and content. In 2021, The service provider segment in India held significant share of the corporate eLearning market share in 2021 owing to growing demand from working individuals for upskilling themselves and gaining better career prospects. The availability of a wide set of customized company-specific content related to different topics including communication, analytics, marketing & finance, has encouraged several employees to opt for these courses to achieve internal promotion. Organizations are engaged in strategic collaborations with service providers for offering interactive teaching modules to their employees.

Global Corporate eLearning Market by Organization Size

Based on organization size, the industry is categorized into SMBs, and Large enterprises. The SMB segment is expected to grow at a highest CAGR between 2022 and 2031. These businesses adopt online learning technologies to provide employees with the flexibility to undertake courses at their convenience. The rising number of SMEs will also support the industry statistics. For instance, according to the Micro Small and Medium Enterprises Ministry, in May 2021, India had about 63 million MSMEs. These companies use corporate e-learning solutions for upskilling their employees by providing them high-quality learning courses.

Global Corporate eLearning Market by Deployment

Based on deployment, the Corporate eLearning Market is divided into Cloud-based, and On-premises. The cloud-based deployment model in South Korea is forecast to observe significant gains through 2031 on account of the seamless use of cloud-based solutions. This deployment model is easy to setup & maintain, cost-efficient, and allows mobile training to on-the-go employees. It eliminates the requirement for on-premises complex IT infrastructure, thus reducing the overall cost of maintenance. At present, partnership is one of the key business strategies for the companies in the South Korean market.

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Major Players in the Global Corporate eLearning Market

• Oracle
• SAP
• Blatant Media Corporation
• Citrix Systems
• Compunnel Software Group Inc.
• D2L Corporation
• Cisco Systems Inc.
• Baidu Inc.
• EI Design Pvt Ltd.
• Skillsoft Ltd.

COVID-19 Impact

The coronavirus pandemic had a positive impact on the corporate eLearning market demand between 2020 and 2021. The imposition of stringent lockdown measures by government officials had forced companies to adopt work-from-home practices. This factor had limited their one-on-one interactions and created challenges in terms of training employees effectively. To address these issues, several enterprises switched to an online platform to share information and upskill their workforce. The market is expected to witness significant gains due to the increasing availability of online learning sites and the growing preference of the professionals to opt for corporate e-learning solutions.

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Research Scope

• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.

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