Global Corporate E learning Market Scope Forecast 2024 - 2033
22 Jul, 2024
The corporate e-learning market has seen substantial growth, with its value increasing from $376.48 billion in 2023 to $447.55 billion in 2024, marking an impressive compound annual growth rate (CAGR) of 18.9%. This growth is attributed to factors like the rise of social learning methods, seamless integration of multimedia, development of engaging courses, and expansion of educational companies. Looking forward, the market is expected to continue its rapid expansion, reaching $885.38 billion by 2028, with a CAGR of 18.6%, driven by trends such as mobile learning platforms, AI integration, remote workforce training, and personalized learning pathways.
Major Driver In The Corporate E learning Market
The ascent of remote work culture is poised to drive the expansion of the corporate e-learning market. Remote work culture, characterized by a shift in organizational practices allowing employees to work from non-traditional settings, is gaining momentum due to digital technology advancements, the pursuit of flexibility, and the imperative for business continuity. Corporate e-learning complements this culture by offering accessible and flexible training solutions, ensuring continuous skill enhancement and knowledge acquisition for dispersed workforces. Notably, data from the Office for National Statistics reveals a rise in remote work, with approximately 38% of employed adults working remotely between April 27 and May 8, 2022, and 40% in the latest period from January 25 to February 5, 202Consequently, the surge in remote work culture fuels the corporate e-learning market's growth trajectory, with substantial market size projections for 2023, 2024, and 2028.
Request A Free Sample Of The Global Corporate E learning Market ReportCorporate E learning Market Competitive Landscape
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.
Key Corporate E learning Market Trend
Major players in the corporate e-learning market focus on new technologies like AI-driven creative media to boost profitability. AI-driven creative media uses AI to generate, enhance, or assist in creating various media forms. For example, D-ID, an Israel-based provider of cloud and AI-based platforms, introduced a corporate training solution in June 2022. This platform leverages AI and digital human technology to create engaging video content quickly by pairing images with text or audio files, transforming articles, websites, and marketing materials into videos without costly production. It offers diverse presenters in terms of ethnicity, gender, and language for immersive and interactive content experiences.
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Corporate E learning Market Segmentation
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.
The Corporate E-learning Global Market Report 2024 furnishes information about the global corporate E-learning market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.