Corporate E-Learning Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 339.46 Billion |
| Market Size (2029) | USD 785.48 Billion |
| CAGR (2024 - 2029) | 18.27 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Corporate E-Learning Market Analysis
The Corporate E-Learning Market size is estimated at USD 339.46 billion in 2024, and is expected to reach USD 785.48 billion by 2029, at a CAGR of 18.27% during the forecast period (2024-2029).
- Corporate e-learning is swiftly adapting to the evolving demands of organizations and their workforce. Microlearning delivers content in bite-sized segments, allowing for quick completion. This method accommodates hectic schedules, enabling employees to learn on-demand without being inundated with information. It's particularly effective for reinforcing knowledge and skills via brief tutorials or interactive scenarios.
- Microlearning seamlessly aligns with just-in-time online training. This synergy arises from the understanding that 'moment of need' support is most effective in smaller doses. Just-in-time training ensures employees have immediate access to vital information precisely when they need it. This method proves invaluable for troubleshooting or honing specific skills, enabling learners to swiftly find solutions without disrupting their workflow.
- Kaltura reports that approximately 82% of enterprise employees believe interactive videos capture their attention more effectively than their non-interactive counterparts. Skillsoft, a leader in corporate eLearning, enhances learner engagement with interactive content via its Percipio platform. Notably, Percipio boasts 40.5k monthly searches, marking a staggering 669% surge over the last five years.
- As eLearning gains traction and becomes more ubiquitous, it presents vast opportunities to bridge the skills gap for employees, making them more competitive. Among the 83% of employees surveyed who recognize this gap, a significant 62% feel personally impacted (source: Udemy). This insight underscores the market demand.
- Gamification infuses training programs with game-like features such as points, badges, and leaderboards, amplifying engagement and motivation. This approach not only fosters friendly competition among employees but also bolsters knowledge retention through interactive scenarios.
- A key hurdle in corporate e-learning is sustaining learner engagement. Many employees perceive online courses as less captivating than traditional classrooms, resulting in diminished completion rates and information retention. The challenge lies in crafting interactive and compelling content that keeps learners driven throughout their training journey.
- The pandemic hastened the transition from conventional classroom training to digital learning platforms. In the post-pandemic landscape, there's a notable uptick in the adoption of cutting-edge technologies like artificial intelligence (AI) and virtual reality (VR) in e-learning. Furthermore, organizations are cultivating a culture of continuous learning, urging employees to engage in perpetual education and professional growth via e-learning platforms.
Corporate E-Learning Market Trends
Learning Management System (LMS) to Hold Significant Share
- An LMS (Learning Management System) serves as an online platform, granting users access to a wealth of knowledge, exercises, and assessments. According to LinkedIn, innovations in learning have the potential to drive an impressive 9% boost in organizational growth, transformation, profits, and productivity.
- Year after year, the user base of LMS platforms continues to swell, signaling a robust market adoption. The rise of Extended Enterprise Training Solutions within LMS platforms underscores the growing acknowledgment of training's significance beyond conventional organizational confines. Through Extended Enterprise Training, organizations can extend their training initiatives not just to employees, but also to external entities like customers, partners, suppliers, and distributors. This approach fosters a richer and more interconnected learning ecosystem.
- Latin America's escalating embrace of LMS platforms is largely fueled by a surging demand for corporate learning. As industries and markets globalize, businesses increasingly rely on online platforms for corporate training, striving to keep pace with the rapid shifts of the global economy. Research from Endeavor INSIGHT EdTech highlights that the allure of online learning's convenience and the promise of job opportunities are primary drivers behind Latin America's growing affinity for online educational resources.
- C-level executives dominate the LMS landscape, constituting 65% of primary users. Managers, making up the remaining 35%, play crucial roles in championing the adoption and effective use of these systems. Demographically, large corporations, which invest heavily in providing a uniform training environment for their employees, account for roughly 28% of the LMS market, as reported by a Scoop survey. Given these trends, the market is poised for continued growth, buoyed by the rising adoption of LMS platforms.
North America is Expected to Hold a Major Share of the Market
- In North America, corporate e-learning is witnessing significant growth, propelled by key factors that mirror the changing dynamics of workplace training and development. E-learning platforms provide the flexibility for employees to access training materials at their convenience, catering to varied schedules and learning preferences. This self-paced model proves especially advantageous for multinational firms with a globally dispersed workforce.
- Companies are increasingly integrating self-development coaching into their wellness programs, aiming to enhance both employee performance and satisfaction. This movement finds strong resonance among urban professionals and millennials, particularly those facing workplace stress. Millennials are notably at the forefront of the life coaching demand, seeking insights for career advancement and personal development. They perceive coaching as a vital resource in navigating the evolving job market.
- Organizations that invest in training programs witness a staggering 218% boost in revenue per employee. Dow Chemicals, after transitioning to eLearning tools, reaped savings of USD 34 million. In a similar vein, IBM's shift to eLearning resulted in savings of approximately USD 200 million, a feat that others can aspire to achieve in 2024.
- According to Radix, about 59% of millennials in North America are inclined to apply to companies that prioritize training investments. Furthermore, businesses that adopt eLearning witness an 18% uptick in employee engagement.
- Moreover, e-learning offers savings of USD 200 to USD 300 per employee when compared with traditional instructor-led training, primarily by cutting down on travel and venue rental expenses. Organizations are increasingly acknowledging the necessity of continuous skill enhancement to stay aligned with technological progress and evolving market needs. The incorporation of AI, VR, and other advanced technologies into regional e-learning platforms is not only boosting user engagement but also elevating learning outcomes.
Corporate E-Learning Industry Overview
The Corporate E-Learning market is highly competitive and fragmented, primarily driven by the presence of major players. These key players employ strategies such as mergers, acquisitions, and product innovations to maintain a competitive edge and broaden their global footprint. Key player include Hurix Digital, Docebo Inc., Swift eLearning Services and others.
The corporate e-learning market is poised for substantial growth as organizations continue to adopt digital learning solutions to meet the evolving needs of their workforce. With significant investments in technology and a focus on flexibility and scalability, corporate e-learning is becoming an integral part of employee development strategies across various industries. Addressing challenges related to engagement and content relevance will be crucial for maximizing the effectiveness of these initiatives moving forward.
Corporate E-Learning Market Leaders
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Hurix Digital
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Docebo Inc.
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Swift eLearning Services
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iSpring Solutions, Inc.
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Infopro Learning, Inc.
*Disclaimer: Major Players sorted in no particular order
Corporate E-Learning Market News
- October 2024: The Guiding Matrix, a holding company dedicated to supporting and expanding legacy brands in the coaching industry announced the acquisition of Simplicity Life Coaching Ltd, the parent company of The Coaching Tools Company. This strategic acquisition marks a pivotal step in The Guiding Matrix's mission to build a platform of industry-leading coaching brands, empowering coaches.
- August 2023: DeepMind, the tech firm’s artificial intelligence arm, has announced it is testing a new tool that could soon become a “personal life coach”. The project will use generative AI to perform at least 21 different types of personal and professional tasks, including life advice, ideas, planning instructions and tutoring tips.
Corporate E-Learning Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of Impact of macroeconomic trends
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Cost Reduction in Employee Training
5.1.2 Globalization of Workforce
5.2 Market Restraints
5.2.1 High Initial Investment Costs
6. MARKET SEGMENTATION
6.1 By Provider
6.1.1 Content
6.1.2 Services
6.2 By Deployment
6.2.1 Cloud
6.2.2 On-Premises
6.3 By Enterprise Size
6.3.1 SMEs
6.3.2 Large Enterprises
6.4 By Technology
6.4.1 Online Learning
6.4.2 Learning Management System (LMS)
6.4.3 Virtual Classroom
6.4.4 Other Technology
6.5 By Geography***
6.5.1 North America
6.5.2 Europe
6.5.3 Asia
6.5.4 Australia and New Zealand
6.5.5 Latin America
6.5.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Hurix Digital
7.1.2 Docebo Inc.
7.1.3 Swift eLearning Services
7.1.4 iSpring Solutions, Inc.
7.1.5 Infopro Learning, Inc.
7.1.6 Tovuti LMS
7.1.7 Open LMS
7.1.8 Epignosis LLC
7.1.9 CrossKnowledge
7.1.10 D2L Corporation
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
Corporate E-Learning Industry Segmentation
Corporate e-learning is online learning that helps employees develop the skills required to meet the needs of businesses. Digital learning is just one method for corporate education. It's used alongside face-to-face learning formats, such as instructor-led training, mentoring, and on-the-job coaching.
The corporate e-learning market is segmented by provider (content, services), by deployment (cloud, on-premises), by enterprise size (SMEs, large enterprises), by technology (online learning, learning management system (LMS), virtual classroom, other technology), by geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Provider | |
| Content | |
| Services |
| By Deployment | |
| Cloud | |
| On-Premises |
| By Enterprise Size | |
| SMEs | |
| Large Enterprises |
| By Technology | |
| Online Learning | |
| Learning Management System (LMS) | |
| Virtual Classroom | |
| Other Technology |
| By Geography*** | |
| North America | |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
Corporate E-Learning Market Research FAQs
How big is the Corporate E-Learning Market?
The Corporate E-Learning Market size is expected to reach USD 339.46 billion in 2024 and grow at a CAGR of 18.27% to reach USD 785.48 billion by 2029.
What is the current Corporate E-Learning Market size?
In 2024, the Corporate E-Learning Market size is expected to reach USD 339.46 billion.
Who are the key players in Corporate E-Learning Market?
Hurix Digital, Docebo Inc., Swift eLearning Services, iSpring Solutions, Inc. and Infopro Learning, Inc. are the major companies operating in the Corporate E-Learning Market.
Which is the fastest growing region in Corporate E-Learning Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Corporate E-Learning Market?
In 2024, the North America accounts for the largest market share in Corporate E-Learning Market.
What years does this Corporate E-Learning Market cover, and what was the market size in 2023?
In 2023, the Corporate E-Learning Market size was estimated at USD 277.44 billion. The report covers the Corporate E-Learning Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Corporate E-Learning Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Corporate E-Learning Industry Report
Statistics for the 2024 Corporate E-Learning market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Corporate E-Learning analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
