E-Learning Market in corporate sector to grow at 8% CAGR from 2019 to 2025 | Key Players are Cornerstone OnDemand, Microsoft, Oracle, Saba Software, SAP, Skillsoft, Learning Pool, Allen Interactions Inc., Adobe, Apollo Education Group, Aptara, Articulate
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Gamification is one of the recent trends characterizing the innovation landscape of e-learning market, as this category of education has recorded a rather high rate of engagement by the learners along with providing a better understanding of the related concepts. The recent implementation of this trend was through McDonald’s, when the company partnered with City & Guilds Kineo to provide the till training on how to use a cash register. Reportedly, the process turned out to be highly effective and purposeful. The training involved real-time situations that required the learner to take customer orders in timed environment. As per reliable sources, over 85% of the users believed that learning via gamification learning helped them in better understanding new systems and improved their overall performance.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Cornerstone OnDemand
4. Saba Software
7. Learning Pool
8. Allen Interactions Inc.
10. Apollo Education Group
15. City & Guilds
The developments and innovations in learning tools, delivery methods, and digital technology have revolutionized global e-learning market with regards to its revenue and profitability quotients. Increasing numbers of e-learning programs coupled with the growing prevalence of online education across a myriad range of geographies is set to carve out a lucrative roadmap for eLearning market outlook in the ensuing years. With an appreciable value holding to boast of, the global e-learning industry is expected to hit a remarkable valuation of USD 300 billion by 2025, claims Global Market Insights, Inc. Emerging corporate trends and the escalating popularity of online or internet-based learning programs are some of the pronounced factors fueling the elearning market demand globally.
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Instances validating the increasing penetration of e-learning tools include the CityCab’s launch of web-based training programs to provide linguistic training to taxi drivers in order to improve their communication with the commuters. Another such move was recorded when Infosys Ltd. entered in an agreement with three firms including Udacity Inc., EdX Inc., and Coursera Inc., to train their personnel on Artificial Intelligence via e-learning tools. Reportedly, The Indian Department of Electronics and Information Technology is also embracing e-learning centered research and development activities in some of the renowned institutions including IIT and C-DAC.
With such series of groundbreaking events, global e-learning market is certain to witness a rather substantial momentum in the coming years. Speaking of the geographical landscape, with significant rise in the enrollment of online programs and advanced learning methodologies, countries such as U.S., UK, India, China, and Australia are projected to be some of the most profitable avenues for the e-Learning industry growth.
However, taking into consideration the future scope, where niche markets will witness a strong growth potential, Asia Pacific is deemed to be another significant region to exhibit a high demand for e-learning models. Industry analysts speculate that the widespread governmental initiatives to boost literacy and educational programs especially in the rural areas have rapidly escalated e-Learning market size in the region. An example supporting this fact is the initiative taken by HRD Ministry of Government of India with regards to launching NPTEL program as an e-learning approach to pursue courses in science, engineering, and humanities. Furthermore, increasing popularity of mobile technology in the region has further provided a major push to Asia Pacific e-learning industry size.
Browse key industry insights spread across 180 pages with 126 market data tables & 26 figures & charts from the report, E-Learning Market in detail along with the table of contents:
The developments and innovations in learning tools, delivery methods, and digital technology have revolutionized global e-learning market with regards to its revenue and profitability quotients. Increasing numbers of e-learning programs coupled with the growing prevalence of online education across a myriad range of geographies is set to carve out a lucrative roadmap for e-Learning market outlook in the ensuing years. With an appreciable value holding to boast of, the global e-learning industry is expected to hit a remarkable valuation of USD 300 billion by 2025, claims Global Market Insights, Inc.
The recession and economic turmoil have forced several global corporations to exercise caution on expenditure and cash outflow. This need for saving expenses have prompted companies to implement drastic cuts in budgets & training costs, downsize operations, and even review employee salaries. Faced with the need to keep the skilled workers during adverse economic conditions, corporates are re-assessing their means of imparting academic knowledge and training. The pressing need to save cost and also to ensure the sustenance of training activities during economic breakdown is fueling the adoption of eLearning tools, thus impelling eLearning industry expansion. In 2016, Infosys Ltd., a renowned IT firm announced its collaboration with most recognized e-learning firms Coursera Inc. and edX Inc, to train their personnel regarding artificial intelligence-powered technologies.
Players operating in the global e-learning market include Adobe, Allen Interactions Inc., Apollo Education Group, Aptara,Articulate, Infor CERTPOINT, Cisco, Citrix, City & Guilds, Cornerstone OnDemand, Desire2Learn, Intuition Publishing Ltd., Kallidus, Learning Pool, Meridian Knowledge Solutions, Microsoft, NetDimensions, Oracle, Saba Software, SAP, and Skillsoft.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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