Corporate E-learning Market to expand at a CAGR of 61% by 2030
Research Reports
Oct 11, 2023
Corporate E-learning Market Overview:
The size of the enterprise e-learning market was estimated to be USD 28.33 billion in 2021. The enterprise e-learning sector is projected to grow from USD 38.24 billion in 2022 to USD 117.57 billion by 2030, representing a CAGR of 61% over the previous year. 15. forecast period (2022-2030).
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Key Players:
Key Companies in the Corporate E-learning market include,
- Oracle
- GeoMetrix Data Systems Inc
- SAP
- Adrenna
- Blatant Media Corporation
- Crossknowledge
- IgniteTech
- Infor
- CERTPOINT Systems
Widespread adoption of Internet technologies and the emergence of online learning applications are increasing. Recently, there has been a fundamental difference in how organizations deliver training and development content. It also changes employee experiences and actions. The market research report shows that some large organizations are using e-learning techniques, as well as companies involved in event processing. Microlearning deals with the use of small learning modules and short-term learning. The focus on personalization and adaptive learning is increasing the popularity of microlearning.
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It provides concise and relevant content and helps address skill gaps. For employees, accurate content is interesting and engaging, and information is delivered in a short time through microlearning. Microlearning is used in several end-user industries such as banking, retail and manufacturing. For example, in a situation where a new bank employee gives a presentation about the benefits of getting credit cards from the bank, an interested customer can ask the bank employee about the associated maintenance costs that the bank employee does not know, microlearning. module can be quickly used to answer the question. Thus, such benefits are expected to drive the demand for market focus during the forecast period.
Market Segmentation:
Technology-based market segmentation includes online, educational platforms, learning content management systems, podcasts, virtual classrooms, and mobile e-learning. By training type, market segmentation includes instructed and text-based and outsourced. By region, the study provides a market overview of North America, Europe, Asia Pacific and rest of the world. North America dominates the market with maximum growth and offers these solutions to its employees. There is a big reason behind this. The use of technological infrastructure is increasing and government investment is increasing. Many digital learning platforms are emerging in these fields. Self-paced and competency-based online learning solutions are growing in popularity.
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This also applies to the European market and its leaders. Asia Pacific has predicted a very rapid growth by the end of 2022. The main reason for this is that a large number of companies in these fields are opening their scope to adopt Market. In the developing economies of these regions, digitization and online learning platforms are at a good level.
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