Corporate eLearning Market Size Expected to Garner USD 550 Billion by 2030 growing at 21.6% CAGR - Exclusive Report by Acumen Research and Consulting
The Global Corporate eLearning Market Size is predicted to grow at a CAGR of 21.6% between 2022 and 2030, from USD 97 Billion in 2021 to USD 550 Billion by 2030, as per the Acumen Research and Consulting
The corporate eLearning market is undergoing a major evolution, driven by technological advancements, changing employee expectations, and the need for more effective and efficient training solutions. The market is now dominated by cloud-based eLearning platforms and mobile-friendly learning solutions, making it easier for organizations to deliver training to their employees anytime and anywhere.
The corporate eLearning market refers to the use of digital learning solutions by organizations for the purpose of employee training and development. The growing popularity of eLearning can be attributed to its many benefits, including increased productivity, reduced costs, and improved employee engagement. The rise of digital technologies, including artificial intelligence, virtual and augmented reality, and gamification, is transforming the way organizations deliver learning and training to their employees.
One of the biggest trends in the corporate eLearning market is the increasing use of gamification. Gamification involves incorporating game elements, such as points, leaderboards, and rewards, into eLearning courses to make them more engaging and motivating for employees. This approach has been shown to increase employee engagement and motivation, leading to better learning outcomes. Artificial intelligence (AI) and machine learning (ML) are also playing a growing role in the corporate eLearning market value.
Corporate eLearning Market Statistics
- Global corporate eLearning market revenue collected USD 97 Billion in 2021, with a 21.6% CAGR between 2022 and 2030
- The COVID-19 epidemic has boosted corporate adoption of eLearning in 2020, with more than 80% of enterprises reporting an increase in their use of digital learning
- Corporate eLearning can lead to an average productivity increase of about 40-60%, and an average cost savings of 50-70% compared to traditional classroom-based training
- The use of mobile devices for eLearning is rapidly increasing, with over 60% of employees accessing eLearning content on their smartphones and tablets
- By organization size, the large enterprises segment capture over 61% of total market share in 2021
- Growing demand for remote work, fuels the corporate eLearning market size
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Corporate eLearning Market Trends
In recent years, the corporate eLearning market has experienced rapid growth, driven by factors such as advancements in technology, increasing demand for flexible and accessible learning solutions, and the need to upskill employees in the face of rapidly changing job requirements. The COVID-19 pandemic has further accelerated the adoption of eLearning, with many companies turning to digital solutions to continue employee training and development during the pandemic.
The most popular eLearning formats among corporate organizations include webinars, video tutorials, and online courses. These formats allow for self-paced learning and allow employees to access training materials at any time, from any location. The use of mobile devices for eLearning is also on the rise, with more and more employees accessing eLearning content on their smartphones and tablets.
Emerging technologies such as gamification, virtual and augmented reality, and artificial intelligence are set to shape the future of the corporate eLearning market growth. These technologies offer new and innovative ways for organizations to engage and educate employees, and are expected to drive further growth in the eLearning market.
Overall, the corporate eLearning market is an essential component of modern HR strategies and is likely to continue to grow in popularity in the coming years. With the right eLearning solutions in place, organizations can improve employee engagement, boost productivity, and stay ahead of the curve in terms of workforce development.
Corporate eLearning Market Segmentation
Acumen Research and Consulting has segmented the global corporate e-learning market by technology, deployment, organization size, provider, and region.
- By technology, the industry is classified into virtual classroom, learning management system (LMS), rapid e-learning, mobile e-learning, online e-learning, and others.
- By deployment, the market is categorized into the on-premises, and cloud-based.
- By organization size, the market is bifurcated into large enterprises, and SMEs.
- By provider, the market is split into outsourced, instructor led & text based.
- By region, the market is segmented into Latin America, Asia-Pacific, North America, Europe, and the MEA.
Corporate eLearning Market Regional Overview
Geographically, Europe has been at the forefront of the corporate eLearning market due to several factors, including a strong emphasis on professional development, a well-established technology infrastructure, and supportive government policies. The European Union has made a significant investment in developing a digital single market, which has helped to create a supportive environment for eLearning companies and initiatives. As a result, Europe has become a hub for innovation and experimentation in the eLearning industry.
In addition to these favorable conditions, Europe also has a highly educated workforce, which has led to a high demand for eLearning solutions among businesses. Companies in Europe recognize the benefits of eLearning, including increased efficiency, reduced costs, and improved employee engagement. The growing trend towards flexible working arrangements and remote work has also contributed to the rise of the corporate eLearning market, as more companies seek to provide their employees with the tools and resources they need to work from anywhere.
Corporate eLearning Market Players
Some of the major corporate e-learning market companies are Omniplex, Cegid, Cornerstone, Intuition, Hive Learning, Infopro, Learning Pool, Learning Technologies Group plc (LTG), Kineo, Mind Tools, Skillsoft Corp, Media Zoo, NIIT Corporation, Crossknowledge, and Kallidus Ltd.
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