The global corporate e-learning market is slated to expand at a substantial rate through 2028 due to rising demand for training and upskilling employees in the corporate sector.
Virtual learning companies have benefited greatly from the pandemic due to increasing awareness of benefits of online courses among people, which has bolstered industry growth. For instance, in December 2021, Netex, a provider of digital learning solutions to companies, completed the acquisition of Virtual Learning, a UK-based e-learning firm specializing in the development, design, and production of ready-to-go & customized digital workplace learning solutions. With this move, Netex expanded its offerings as part of its plan to extend its international presence and get ahead in the global e-earning space.
The corporate e-learning market has been segmented on the basis of technology, provider, organization size, deployment, and region. Based on technology, the industry has been classified into mobile e-learning, learning management system (LMS), online e-learning, virtual classroom, and rapid e-learning.
The online e-learning segment is expected to register a steady growth rate through the forecast years driven by increasing need from corporates for upskilling and training employees efficiently. The mobile e-learning segment is set to witness substantial expansion through 2028 since high prevalence of mobile phones around the world would allow employees to access training classes remotely.
With respect to provider, the corporate e-learning market has been bifurcated into service and content. The content segment is anticipated to record solid growth over the review timeline fueled by the rise in content digitalization, which encompasses a wide spectrum of online courses.
By organization size, the market has been categorized into SMEs and large enterprises. The SMEs segment is slated to expand at an exponential rate through the projected timespan. Growing number of start-ups around the world will further increase the demand for corporate e-learning solutions to train their employees more quickly, which is primed to stimulate segmental progress.
Based on deployment, the corporate e-learning market has been divided into cloud-based and on-premise. The cloud-based segment is expected to showcase sturdy development through 2028. Robust functionality and flexibility provided by the cloud-based deployment model will boost the adoption of corporate e-learning systems, which is slated to foster segmental outlook.
From the regional perspective, the Latin America corporate e-learning industry is speculated to register substantial growth in the forthcoming years aided by the development of the IT & telecom infrastructure and services in the LATAM region, which is allowing SMEs to connect to a stable internet connection. Meanwhile, the Middle East & Africa corporate e-learning market is set to witness strong growth over the review timeline on account of increasing demand for the corporate e-learning technology across the healthcare sector in MEA.