[Research Report] The corporate e-learning market size is expected to grow from US$ 108.79 billion in 2022 to US$ 395.28 billion by 2030; it is estimated to grow at a CAGR of 17.5% from 2022 to 2030.

Analyst Perspective:

The corporate e-learning market has witnessed significant growth in recent years, driven by the rising emphasis of organizations on updating their development programs, increased digital transformation, and increased online and mobile learning penetration. Furthermore, evolving IT & telecom infrastructure across the globe are providing lucrative opportunities for corporate e-learning market growth. Technological developments in corporate eLearning are emerging as a significant trend for market growth.

Market Overview:

Corporate E-Learning is an online learning solution that helps employees develop the required skills to meet the needs of the business environment. eLearning is increasingly becoming popular within corporate sectors. eLearning offers several advantages in a corporate setting, such as reducing costs, fostering collaboration, and improving knowledge retention. With corporate eLearning solutions, employees need to log in to their electronic training solutions and access their learning content wherever and whenever they need it. This also gives employees the opportunity to learn at their own pace. With corporate eLearning, employers have an opportunity to leverage maximum benefits with minimal expenditure and also enable organizations to train hundreds of employees simultaneously and effectively manage and monitor the process.

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Corporate E-Learning Market: Strategic Insights

Market Size Value in	US$ 108.79 billion in 2022
Market Size Value by	US$ 395.28 billion by 2030
Growth rate	CAGR of 17.5% from 2022 to 2030
Forecast Period	2022-2030
Base Year	2022

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Market Driver:

Rising Emphasis of Organizations on Updating Their Development Programs to Drive Growth of the Corporate E-Learning Market

Learning and development (L&D) programs play a significant role in an organization’s growth. The pandemic has not only increased the need for digital skills but also skills like adaptability and learning agility. With the acceleration of technology and the tightening labor market, organizations want to stay on top of the competition, where training of their employees plays an essential role. Organizational development provides benefits such as:

Skill Enhancement and Learning Opportunities

: Organizational development helps employees expand their knowledge base and acquire new skills, which improves their performance in their current roles and prepares them for future growth opportunities within the organization.

Career Advancement and Growth Pathways

: Organizational development provides employees with a direction and understanding of careers within the organization for promotion, succession planning, and growth opportunities.

Employee Engagement and Empowerment

: Organizational development promotes employee engagement by involving them in decision-making processes, seeking their input, and valuing their contributions. It also enhances employees' sense of ownership and commitment towards the organization.

Feedback and Performance Management

: Organizational development provides feedback and performance management processes, which help to understand employees' strengths, areas for improvement, and developmental needs.

Moreover, organizational development enhances communication, knowledge sharing, and collaboration, which allows for diverse perspectives and expertise to be integrated into the innovation process, leading to more comprehensive and innovative solutions.

Organizations are increasingly focusing on employee development in order to enhance employee skills and capabilities. By investing in employees' growth and providing opportunities for advancement, organizations can attract and retain top talent, resulting in a more skilled and motivated workforce. For instance, according to LinkedIn Learning Report 2020, 94% of employees say they would stay at a company longer if it invested in their learning and development. Further, according to the Chief Learning Officer 2020 Learning States of the Industry survey, 75% of 1,500 L&D professionals agree that their companies will be developing more custom learning content in the upcoming years. Similarly, in March 2022, according to WorkRamp, Inc., 69% of companies have increased employee development, and 79% of L&D professionals expect to spend more on online learning. Nearly half of organizations increased their overall L&D budgets for 2022.

Thus, organizations are increasingly focused towards development programs, which is leading to increased adoption of corporate eLearning amongst consumers and contributing to market growth.

Segmentation and Scope:

The "Corporate e-learning market" is segmented based on technology, organization size, deployment, and geography. Based on technology, the market is segmented into learning management systems (LMS), online e-learning, mobile e-learning, and others. Based on organization size, the market is segmented into large enterprises and small and medium-sized enterprises. Based on deployment, the market is segmented into cloud and on-premises. The market, based on geography, is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Segmental Analysis:

Based on technology, the corporate e-learning market is segmented into learning management systems (LMS), online e-learning, mobile e-learning, and others. The learning management system (LMS) segment in the corporate e-learning market is expected to grow with the highest CAGR over the forecast period. A learning management system (LMS) is a software application for reporting, administering, tracking, automating, documenting, and delivering educational, learning, training, and development programs. The LMS concept emerged from E-learning, which involves managing all types of content, including video, course, and documentation. In the education sector, an LMS includes a variety of functionalities similar to corporate. Still, with features such as rubrics, it facilitates learning by teacher and instructor and a discussion board. The majority of modern LMSs are Web-based AICC, Xapi, Sharable Content Object Reference Model (SCORM), and Learning Tools Interoperability (LTI), which are various integration strategies for embedding content into LMSs. LMSs were initially designed to be hosted locally on-site, where the organization buys a license to a software version and installs it on their servers and network. Many LMSs are now being offered as Software-as-a-Service (SaaS), with vendors providing hosting. Teachers can create and integrate course materials through LMS, clear learning goals, align content and assessments, track study progress, and create customized student tests. LMS allows for communicating learning objectives and organizes learning timelines. LMS helps deliver learning content and tools directly to learners, and through individual settings, it can also reach marginalized groupings and provides customizable features, including evaluation and tracking. Thus, learners can see their progress in real time, and instructors can monitor and communicate the learning efficiency.

Regional Analysis:

North America holds one of the largest global corporate e-learning market shares. High technology adoption trends in the North American region have fueled the growth of the corporate e-learning market. Factors such as increased adoption of digital tools and high technological spending by government agencies are expected to drive the North American corporate e-learning market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. For instance, according to statistics by Mimeo in 2020, 70% of L&D departments in North America use a learning management system. In addition, the US has a large number of corporate e-learning market players who have been increasingly focusing on developing innovative solutions. Some of the key players in the corporate e-learning market are Microsoft, Oracle, Cisco, and Infor, among others. All these factors contribute to the region's growth of the corporate e-learning market.

Key Player Analysis:

The corporate e-learning market analysis consists of players such as Absorb Software Inc.; Adobe Systems, Cornerstone, SAP SE, Skillsoft Corporation; Oracle, Infor, Cornerstone; Citrix Systems Inc.; Coursera Inc.; and Udemy Inc. are among the key corporate e-learning market players profiled in the report.

Recent Developments:

 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the market. A few recent key corporate e-learning market developments are listed below: 

• In March 2023, Moodle announced the launch of its Indian subsidiary named, Moodle India. This will help the company to tap into the growing Indian EdTech market and extend its social impact. Moodle supports 41 million courses in 142 languages globally, and our open-source software has helped thousands of educational institutions and organizations around the world deliver more than 1.8 billion course enrollments.
• In May 2023, CD2 Learning and Easygenerator announced a strategic partnership aimed at enhancing eLearning solutions. Under this partnership, CD2 Learning’s eLearning content creation is deployed with Easygenerator's powerful authoring tool to provide a complete end-to-end solution for organizations of all sizes to create and deliver impactful eLearning content.
• In September 2023, Litmos, a learning solutions provider to over 4,000 companies and 20M active learners, announced new global resale partners, including The Gavdi Group (Delaware), HR Strategies Consulting, i-Grow Consulting (Mexico), Amista, Olive Technologies, and INK IT Solutions. The growing list of partners provides expanded access to Litmos learning solutions for improved individual, team, and enterprise performance for companies across the globe.
• In March 2023, Omniplex Learning secured development capital investment from leading mid-market private equity investor LDC. This investment will help the company to add specialist digital learning solutions to Omniplex Learning’s product suite, which includes authoring tools Articulate 360, Vyond, and market-leading Learning Management Software, Docebo, which empowers organizations to design, create, and deliver effective and engaging digital learning.
• In August 2022,  Enterprise application software provider SAP announced that it had reached an agreement to sell its corporate training solutions platform SAP Litmos to Francisco Partners. This global private equity firm specializes in partnering with technology and technology-enabled businesses.
• In February 2023, The Ministry of Education (MoE) signed a Memorandum of Understanding (MoU) with Coursera, an online learning platform, to develop an innovative lifelong learning system in the UAE. The MoU aims to enhance cooperation between the two parties in establishing local and international partnerships to promote credit-recommended content in the UAE. The partnership will also support UAE-based higher education institutions in developing credit-worthy micro-credentials.