LONDON--(BUSINESS WIRE)--The global corporate e-learning market is expected to grow at a CAGR of close to 19% during the forecast period, according to Technavio’s latest market research.
In this market research report, Technavio covers the market outlook and growth prospects of the global corporate e-learning market for 2017-2021. The market is further categorized into four major product segments, which include systems, content, courses, and solutions, of which the systems segment dominated the market with close to 34% of the overall market share in 2016.
“The market is expected to witness rapid growth during the forecast period owing to the increase in digitization and corporate realization of the importance of training in strengthening the workforce. In addition, e-learning helps companies overcome the obstacles that may arise from traditional learning formats,” says Jhansi Mary, a lead education technology research expert from Technavio.
Technavio’s research analysts segment the global corporate e-learning market into the following regions:
- Americas
- EMEA
- APAC
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Americas
The corporate e-learning market in the Americas is expected to grow considerably during the forecast period. This is due to the growing advances in technological infrastructure and increasing investments from major organizations and e-learning vendors in launching innovative solutions and systems for digital learning.
The growing concept of the BYOD policy in large organizations and corporations in the region is another key reason for the proliferation of e-learning through smartphones, tablets, iPads, chrome books, and other gadgets. The corporate sector in the US is the headquarters of established technology companies such as Google and Microsoft, which is continuously innovating with technology in the education sector. With the growing popularity of self-paced, personalized, and adaptive learning among learners in the region, the demand for e-learning content, courses, solutions, and systems has increased considerably.
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EMEA
The corporate e-learning market in EMEA is expected to witness gradual growth during the forecast period. This is owing to the technological improvement in advanced economies, including the UK, France, and Germany. Increasing popularity of self-paced and competency-based e-learning among employees is expected to boost the growth of the market in the region.
Vendors are spending on developing innovative solutions to provide customized e-learning services to corporations in the region. Organizations are increasingly adopting new learning methodologies, such as blended learning, collaborative learning, and competency-based learning. This has resulted in a rising number of employees enrolling for self-paced, e-learning courses that are being deployed on-premise as well as on the cloud.
APAC
APAC is expected to witness the fastest growth in the corporate e-learning market owing to the rising number of organizations opening their businesses in emerging economies of this region. Rapid industrialization and the rising demand for latest technologies in the region are other factors significantly contributing to the growth of the market.
“Moreover, increasing penetration of the Internet and the availability of a plethora of mobile learning options available for employees will lead to the rapid growth of e-learning market in the region. Rising job opportunities and a willingness among employees to enhance their skills are key factors that will lead to the opening of new avenues for vendors in the corporate e-learning market in APAC,” says Jhansi.
The top vendors in the global corporate e-learning market as highlighted in this market research analysis are:
- Adobe
- Expertus
- GP Strategies
- Skillsoft
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