Corporate E-learning Market size to grow at a CAGR of 12.19% from 2022 to 2027, Driven by the reduction in employee training costs for employers

NEW YORK, March 30, 2023 /PRNewswire/ — The corporate e-learning market is estimated to grow by USD 44,908.64 million from 2022 to 2027. The market will progress at a CAGR of 12.19% during the forecast period. One of the key factors driving the global corporate e-learning market growth is the reduction in employee training costs for employers. Organizations look for ways to cut down their operating costs and increase their profits, and employee training is one area where they spend significantly. E-learning helps organizations reduce the cost incurred in training their employees. For instance, The Bank of Ireland is estimated to have reduced its learning and development (L&D) costs significantly after the adaptation of Learning Zone, a corporate E-learning system. Hence, the reduction in training costs encourages end-users to adopt corporate E-learning courses, which, in turn, will drive the growth of the corporate e-learning market during the forecast period. Discover some insights on market size historic period (2017 to 2021) and forecast market data (2023-2027) before buying the full report – Request a sample report 

The corporate e-learning market covers the following areas:

Corporate E-learning Market Sizing
Corporate E-learning Market Forecast
Corporate E-learning Market Analysis

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Corporate E-learning Market – Segmentation Analysis

Technavio has segmented the market based on end-user (services, manufacturing, retail, and others), deployment (on-premises and cloud-based), and geography (North America, Europe, APAC, South America, and Middle East, and Africa).

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• The market share growth of the services segment is estimated to be significant for the corporate e-learning market during the forecast period. The growth is driven by the need for employee training in service-oriented industries, such as hospitality, where customer satisfaction is a key factor. In order to maintain service quality and keep up with customer demands, regular employee training is required. This has led organizations in these industries to turn to cost-effective e-learning solutions to meet their training needs. Due to various challenges such as long working hours, demanding customers, and meeting customer expectations, the hospitality industry faces a high turnover rate, which results in the hiring of employees with inadequate skills. Therefore, training such employees becomes necessary for organizations to maintain service quality. In traditional methods of training, employees generally undergo exhausting on-the-job training. Hence, there is a high need for convenient and flexible learning mechanisms.

Geographic Analysis

The report provides actionable insights and estimates the contribution of all regions to the growth of the global smart robots market.

• North America is estimated to account for 35% of the global corporate e-learning market growth during the forecast period. The US is the major contributor to revenue to the market in the region. This is because the country is home to many major IT companies, such as Adobe, Oracle, Microsoft, and IBM, all of which have offices globally. The rapid evolution of technologies drives the need to train employees and keep them updated and informed about the latest developments in their respective industries. Thus, companies invest heavily in training their employees working at different locations through the use of corporate e-learning solutions. The cost-effectiveness of e-learning methods further drives the demand for corporate e-learning.

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Corporate E-learning Market  – Vendor Analysis

The global corporate e-learning market has the presence of several companies, with no company holding the majority share. The low initial investment required to enter the market, low exit barriers, and low regulatory compliances encourage the entry of startups into the market. Some of the major players in the market include –

• Articulate Global Inc.

• Cegid SA

• Cegos Group

• City and Guilds Group

• CommLab India LLP

• Compunnel Software Group Inc.

• Continu

• Cornerstone OnDemand Inc.

• D2L Corp.

• Designing Digitally Inc.

• Epignosis

• G Cube Webwide Software Pvt. Ltd.

• Hive Learning Ltd.

• Intuition Publishing Ltd.

• John Wiley and Sons Inc.

• Kallidus Ltd.

• Learning Technologies Group Plc

• MPS Group

• Paylocity Holding Corp.

• Skillsoft Corp.

Vendor Offerings

• Articulate Global Inc. – The company offers corporate e-learning through Articulate 300 training webinars, courses, and videos.

• Cegid SA – The company offers e-learning such as peer learning and development activities, creative tools, training management solutions, and content as a service.

• Cegos Group – The company offers e-learning through multiple digital modalities such as videos, virtual classes, e-learning modules, blogs, forums, online communities, and mobile apps.

What are the key data covered in this Corporate E-learning Market report? 

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the corporate e-learning market between 2023 and 2027

• Precise estimation of the size of the corporate e-learning market and its contribution to the market with a focus on the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the corporate e-learning market across APAC, Europe, North America, South America, and Middle East and Africa

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of corporate E-learning market vendors

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Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Deployment

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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