Corporate E-learning Market Analysis

Corporate E-learning Market Analysis

The corporate e-learning market from online e-learning segment is poised to expand at a CAGR of around 13% during the forecast period, driven by the increasing availability of high-speed internet, the proliferation of mobile devices, and user-friendly Learning Management Systems (LMS). The flexibility, accessibility, and cost-efficiency of online e-learning make it an attractive choice for organizations aiming to train remote or dispersed workforces, fostering a conducive environment for its continued expansion in the corporate e-learning landscape.
 

The corporate e-learning market from content segment reached USD 82 billion revenue in 2022. The content segment, comprising off-the-shelf courses and bespoke courses, will witness growth during the forecast period. Off-the-shelf courses offer a quick & cost-effective solution, appealing to businesses seeking standardized content. Meanwhile, bespoke courses, tailored to specific organizational needs, are in demand for personalized training. Providers who offer both options cater to a wider audience, allowing organizations to strike a balance between convenience & customization. This dual approach aligns with the evolving preferences of businesses aiming to optimize their e-learning initiatives, driving growth in this segment.
 

North America corporate e-learning market accounted for 35% of revenue share in 2022. The region's strong technology infrastructure, large & diverse business landscape, and high adoption rate of digital solutions contribute to its growth. Additionally, the ongoing trend of remote work and a need for continuous upskilling in the rapidly changing business environment are driving the demand for e-learning solutions. With businesses recognizing the value of online training, North America is poised to remain a prominent & expanding market for corporate e-learning. Various organizations are collaborating to adopt digital transformation.

For instance, in May 2023, Infosys, a global IT services company, partnered with Adobe Inc. to enhance the digital skills of its workforce. This collaboration will focus on upskilling employees in digital marketing, creative design, and content management to better serve clients & adapt to the evolving digital landscape.