Corporate E-Learning Market to grow by USD 153.41 billion from 2023 to 2028; the market is fragmented due to the presence of prominent companies like Articulate Inc., Cegid SA, and Cegos Group, and many more - Technavio
NEW YORK, Dec. 13, 2023 /PRNewswire/ -- The corporate e-learning market is estimated to grow by USD 153.41 billion from 2023 to 2028, growing at a CAGR of 14.3%. The corporate e-learning market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer corporate e-learning market are Articulate Global Inc., Cegid SA, Cegos Group, City and Guilds Group, CommLab India LLP, Cornerstone OnDemand Inc., Cross Knowledge, D2L Corp., Designing Digitally Inc., EI Design Pvt. Ltd., G Cube Webwide Software Pvt. Ltd., Hive Learning Ltd., Infopro Learning Inc., Intuition Publishing Ltd., Kallidus Ltd., Learning Pool, Learning Technologies Group Plc, Mind Tools Ltd., Omniplex Group Ltd., and City and Guilds Group.
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Company Offering:
- Articulate Global Inc. - The company offers corporate E-learning through Articulate 300 training, courses, webinars, and videos.
- Cegid SA - The company offers E-learning solutions such as retail and distribution and human resources.
- Cegos Group - The company offers E-learning through multiple digital modalities, such as e-learning modules, blogs, forums, videos, virtual classes, online communities, and many more.
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Based on Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa.
- North America is expected to account for 31% of market growth during the forecast period. The US is the major contributor to the market in the region. The need to train staff is being driven by the speed of technological developments, to ensure they remain up-to-date and informed on current trends in this sector. As a result, the use of corporate eLearning solutions has made it possible for businesses to invest significantly in training their employees at various locations. The demand for e-Learning in businesses continues to be driven by cost-effectiveness.
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- Impactful driver- Reduction in employee training cost for employers
- Key Trend - Adoption of microlearning
- Major Challenges - Complexities in designing e-learning courses
Market Segmentation
- Based on End-user, the market is classified into services, manufacturing, retail, and others. The market share growth by the services segment will be significant during the forecast period. Workers need to interact with customers on a regular and frequent basis within the service-orientated industry, for instance, the hospitality sector. To ensure the utmost customer satisfaction, it is therefore essential that employees have good training and thorough knowledge. To maintain the quality of services, establishments in the hospitality industry should therefore train their staff regularly.
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Corporate E-Learning Market Scope | |
Report Coverage | Details |
Historic period | 2018-2022 |
Growth momentum & CAGR | Accelerate at a CAGR of 14.3% |
YoY growth 2022-2023 (%) | 13.82 |
Regional analysis | North America, Europe, APAC, South America, and Middle East and Africa |
Key countries | US, Canada, China, India, and UK |
TOC:
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 Company Landscape
12 Company Analysis
13 Appendix
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SOURCE Technavio
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