Corporate e-Learning Market Size, Share, Opportunities, And Trends By Training Type (Technical Skills, Soft Skills, Compliance, Other), By Size (Small and Medium, Large), By Technology (Learning Management System, Rapid Web-based, Application Simulation Tool, Virtual Classrooms), By Industry Vertical (Government/Public Sector, Manufacturing, Professional and Technology Sector, Financial Services), And By Geography - Forecasts From 2025 To 2030
- Published : Dec 2024
- Report Code : KSI061614150
- Pages : 145
The corporate E-Learning Market is expected to grow at a robust 9.71% CAGR.
Corporate e-learning is one of the fastest-growing and promising markets in the education industry. While the market is currently evolving, it is poised to expand in the coming years. Corporations require an all-inclusive approach to meet their training needs, leading to convergence within the e-training industry. Value-added services in the particular assessment and custom curriculum design, online mentoring and performance support, reporting and tracking, and hosting will fuel market growth in the years to come.
With the unemployment rate as high as 5.4% in 2022, according to the International Labour Organization, there is an urgent need for training and learning equipped with a practical approach. Corporate training ensures that an employee has the necessary skillset which is aligned with enterprise objectives. These training sessions can be imparted through e-learning platforms. They can be translated to lower costs to deliver training in a shorter period, especially when employees are spread worldwide. Hence, driving the market demand for corporate e-learning.
By technology, virtual classrooms and learning management systems are expected to hold a significant share because of growing internet access worldwide. By training type, soft skills and compliance skills are more prevalent and thereby hold a major share in the market. Geographically, the largest share in the market will be dominated by North America while the Asia Pacific is likely to grow with the fastest CAGR owing to the rising use of mobile devices in emerging economies such as China, India, Malaysia & South Korea, and the growing internet penetration in this region.
What are the Corporate E-Learning Market drivers?
- Increasing penetration of digital media and services
The increasing penetration of smartphones and tablets, and the rising adoption of cloud computing will offer growing opportunities to the market. Similarly, the increasing adoption of video instructor-led training methods and the recent technological advancements such as augmented & virtual reality provide a new approach to training. These are some of the factors that can provide lucrative opportunities for the market to grow. The growing advances in technological infrastructure and the rise in investment from major organizations around the world are also believed to push the growth of the market over the forecast period.
- Reduction of training cost and time
An advantage of e-Learning methods over traditional methods is that they reduce many of the recurring expenses and requires minimal to no upkeep. E-learning methods also offer faster delivery cycles as compared to conventional learning. This can help companies cut down on numerous costs and also improve productivity and profitability. Some of the advantages include needless hiring of on-site trainers, cutting expenses on material costs, and minimizing loss of productivity. These pros have shifted the training through online platforms which are fueling market growth.
What are the Corporate E-Learning Market restraints?
As corporate e-learning continues to grow widely, there has been a certain challenge that may restrict its growth. The inherent liberty provided by these platforms in due course of time may lessen the self-discipline of the employees vis-à-vis affecting their productivity and work skills. This may act as a contracting factor of the market.
What are the key geographical trends shaping the Corporate E-Learning Market?
Based on geography, the corporate E-Learning market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific regions. The North American region is anticipated to hold the largest market share in the forecast period. The high technological development and at the same time, high technological adoption rate in countries of North America such as the United States is propelling the market growth. Further, there is an increase in demand for skill enhancement of the workforce leading to companies in this region to prioritise skill training and their upskilling leading to market growth.
Corporate E-learning Market products offered by key companies:
The market leaders for the corporate e-Learning market are Hurix Digital, Instancy Inc., Designing Digitally Inc., Sparkademy AG, InfoPro Learning Inc., Cornerstone OnDemand, Blackboard, John Wiley and Sons Inc., edX Inc., SweetRush Inc., Allen Communication Learning Services, CoreAxis LLC (ELB Learning), and Zensai International. The key products offered by some are:
- Sparkacademy AG: Sparkademy AG's key product in corporate e-learning is its comprehensive innovation learning program. It has partnered with Baloise Mobility Accelerator to offer a structured learning program based on innovation principles that guide start-ups through problem-solving processes
- John Wiley & Sons: John Wiley & Sons Inc. offer products such as CrossKnowledge, Everything DiSC®, and The Five Behaviors® in the corporate e-learning market. CrossKnowledge platform by Wiley Brand was enhanced in 2020 by partnering with Elucidat to help clients speed and scale up the delivery of personalized and engaging training for large enterprises through e-learning.
Recent developments in the Corporate E-Learning Market:
- In March 2024: Accenture announced the launch of “Accenture LearnVantage” to provide its clients with comprehensive technology learning and training services for helping their people learn technology, data and AI. The company will invest $1 billion in Accenture LearnVantage over three years. It has also announced to acquire Udacity to meet clients’ needs for training.
- In February 2024: Skill Dynamics, a supply chain and procurement training company based in Berkshire, United Kingdom, has acquired Content Enablers. Content Enablers is a leading provider of online training solutions focused on compliance based in the U.S. This move is believed to mark a significant milestone for both organizations in offering effective training programs. To customers.
Corporate E-Learning Market Scope:
Report Metric | Details |
Growth Rate | CAGR of 9.71% |
Study Period | 2020 to 2030 |
Historical Data | 2020 to 2023 |
Base Year | 2024 |
Forecast Period | 2025 – 2030 |
Forecast Unit (Value) | USD Billion |
Segmentation |
|
Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
List of Major Companies in Corporate e-Learning Market |
|
Customization Scope | Free report customization with purchase |
Corporate E-Learning Market is analyzed into the following segments:
- By Training Type
- Technical Skills
- Soft Skills
- Compliance
- Other
- By Size
- Small and Medium
- Large
- By Technology
- Learning Management System
- Rapid Web-based
- Application Simulation Tool
- Virtual Classrooms
- By Industrial Vertical
- Government/Public Sector
- Manufacturing
- Professional and Technology Sector
- Financial Services
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Others
- North America
Frequently Asked Questions (FAQs)
The corporate e-learning market is expected to grow at a CAGR of 9.71% during the forecast period.
The North American region is anticipated to hold a significant share of the corporate e-learning market.
Increasing penetration of digital media and services
The corporate e-learning market has been segmented by training type, size, technology, industrial vertical, and geography.
Prominent key market players in the corporate e-learning market include Hurix Digital, Instancy Inc., Designing Digitally Inc., Sparkademy AG, InfoPro Learning Inc., among others.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. CXO Perspective
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. CORPORATE E-LEARNING MARKET BY TRAINING TYPE
5.1. Introduction
5.2. Technical Skills
5.3. Soft Skills
5.4. Compliance
5.5. Other
6. CORPORATE E-LEARNING MARKET BY SIZE
6.1. Introduction
6.2. Small and Medium
6.3. Large
7. CORPORATE E-LEARNING MARKET BY TECHNOLOGY
7.1. Introduction
7.2. Learning Management System
7.3. Rapid Web-based
7.4. Application Simulation Tool
7.5. Virtual Classrooms
8. CORPORATE E-LEARNING MARKET BY INDUSTRY VERTICAL
8.1. Introduction
8.2. Government/Public Sector
8.3. Manufacturing
8.4. Professional and Technology Sector
8.5. Financial Services
9. CORPORATE E-LEARNING MARKET BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. By Training Type
9.2.2. By Size
9.2.3. By Technology
9.2.4. By Industry Vertical
9.2.5. By Country
9.2.5.1. USA
9.2.5.2. Canada
9.2.5.3. Mexico
9.3. South America
9.3.1. By Training Type
9.3.2. By Size
9.3.3. By Technology
9.3.4. By Industry Vertical
9.3.5. By Country
9.3.5.1. Brazil
9.3.5.2. Argentina
9.3.5.3. Others
9.4. Europe
9.4.1. By Training Type
9.4.2. By Size
9.4.3. By Technology
9.4.4. By Industry Vertical
9.4.5. By Country
9.4.5.1. United Kingdom
9.4.5.2. Germany
9.4.5.3. France
9.4.5.4. Italy
9.4.5.5. Spain
9.4.5.6. Others
9.5. Middle East and Africa
9.5.1. By Training Type
9.5.2. By Size
9.5.3. By Technology
9.5.4. By Industry Vertical
9.5.5. By Country
9.5.5.1. Saudi Arabia
9.5.5.2. UAE
9.5.5.3. Others
9.6. Asia Pacific
9.6.1. By Training Type
9.6.2. By Size
9.6.3. By Technology
9.6.4. By Industry Vertical
9.6.5. By Country
9.6.5.1. China
9.6.5.2. Japan
9.6.5.3. India
9.6.5.4. South Korea
9.6.5.5. Indonesia
9.6.5.6. Taiwan
9.6.5.7. Others
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Market Share Analysis
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Competitive Dashboard
11. COMPANY PROFILES
11.1. Hurix Digital
11.2. Instancy Inc.
11.3. Designing Digitally Inc.
11.4. Sparkademy AG
11.5. InfoPro Learning Inc.
11.6. Cornerstone OnDemand
11.7. Blackboard
11.8. John Wiley and Sons Inc.
11.9. edX Inc.
11.10. SweetRush Inc.
11.11. Allen Communication Learning Services
11.12. CoreAxis LLC (ELB Learning)
11.13. Zensai International
Hurix Digital
Designing Digitally Inc.
Sparkademy AG
InfoPro Learning Inc.
Cornerstone OnDemand
Blackboard
John Wiley and Sons Inc.
edX Inc.
SweetRush Inc.
Allen Communication Learning Services
CoreAxis LLC (ELB Learning)
Zensai International
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