Global Corporate E-Learning Market Report 2024, Forecast To 2033
17 Apr, 2024
The corporate e-learning market has experienced rapid growth, escalating from $376.48 billion in 2023 to $447.55 billion in 2024, with a remarkable compound annual growth rate (CAGR) of 18.9%. This surge in the historical period is attributed to factors such as the prevalence of social learning methodologies, seamless integration of multimedia components, development of engaging e-learning courses, and the expansion of educational companies. Looking ahead, the market is poised for continued rapid expansion, projected to soar to $885.38 billion by 2028, with a CAGR of 18.6%. This anticipated growth is underpinned by trends such as the rise of mobile learning platforms, the adoption of microlearning approaches, integration of AI and machine learning technologies, the increasing emphasis on remote workforce training initiatives, and the implementation of just-in-time learning strategies. Major trends in the forecast period encompass the proliferation of personalized learning pathways, the utilization of data-driven learning analytics, the evolving landscape of remote workforce training, heightened focus on soft skills development, and the integration of microlearning modules into corporate training programs.
Global Corporate E-learning Market Key Driver
The rise in remote work culture is expected to propel the growth of the corporate e-learning market going forward. Remote work culture is the shift in organizational norms and practices that allow employees to work outside of a traditional office setting, often from their homes or other remote locations. The remote work culture is on the rise due to the advancements in digital technology, the desire for flexibility, and the need for business continuity. Corporate e-learning facilitates a remote work culture by providing accessible and flexible training solutions, ensuring continuous skill development and knowledge acquisition for dispersed employees. For instance, in February 2023, according to the Office for National Statistics, a UK-based non-ministerial department, between April 27 and May 8, 2022, when the recommendation to work from home was lifted in Great Britain, approximately 38% of employed adults stated that they had worked remotely. In the latest period, from January 25 to February 5, 2023, about 40% of working adults mentioned having worked from home at least once in the past seven days. Therefore, the rise in remote work culture is driving the growth of the corporate e-learning market. The market size for corporate e-learning witnessed substantial growth in 2023 and is expected to continue its upward trajectory in 2024 and 2028.
Get A Free Sample Of The Global Corporate E-learning Market ReportGlobal Corporate E-learning Market Segments
The corporate e-learning market covered in this report is segmented –
1) By Technology: Learning Management System (LMS), Online E-learning, Mobile E-learning, Virtual Classroom, Rapid E-learning, Other Technologies
2) By Deployment: Cloud-based, On-premises
3) By Organization Size: Small And Medium-sized Enterprises, Large Enterprises
4) By Provider: Instructor Led And Text Based, Outsourced
By Geography:The regions covered in the corporate e-learning market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the corporate e-learning market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the corporate e-learning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Corporate E-learning Market Industry Players
The International Business Machines Corporation, Oracle Corporation, SAP SE, Adobe Inc., LinkedIn Corporation, Cornerstone OnDemand Inc., Blackboard Inc., Learning Technologies Group plc, Skillsoft Corporation, Cegos Group, Docebo Inc., D2L Corporation, SumTotal Systems LLC, IgniteTech, HIVE Blockchain Technologies Ltd., Coveo Solutions Inc., Learning Pool Limited, CrossKnowledge Group, Kallidus Ltd., Media Zoo, Mind Tools, iSpring Solutions Inc., GeoMetrix Data Systems Inc., CERTPOINT Systems, Moodle Pty Ltd.
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Corporate E-learning Market Overview
Corporate e-learning refers to the use of digital resources to deliver learning and training to employees within an organization. It allows organizations to provide personalized and flexible training to their employees, irrespective of their location and time zone, enabling them to learn virtually anywhere and anytime.
Corporate E-learning Global Market Report 2023 provides data on the global corporate e-learning market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The corporate e-learning market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.