2020 Market Update: Corporate E-learning Market Research Report (Key Players: Infor (U.S.), Oracle (U.S.), SAP (Germany) SkillSoft Corporation (U.S.), Adrenna (U.S.), 24x7 Learning (India), CERTPOINT Systems (U.S.), Digital Ignite (U.S.), GeoMetrix Data S

Internet technologies and the advent of e-learning applications in many organisations have made a fundamental difference in the way organisations deliver training and development content, activities and experiences to their employees. Some of the organisations at the forefront of deploying e-learning technologies have been global corporations and/or transaction processing intensive organisations, who typically have difficulties assembling their staff for traditional classroom based training activities, either due to logistical difficulties or the impact this would have on work flows and business continuity.

Enterprises of different sizes have started considering eLearning as a viable solution to their budget and productivity-related issues, as changing business needs and technology improvements have encouraged the adoption of eLearning solutions at the expense of traditional teaching methods. The introduction of social, mobile, analytics, and cloud technologies has also facilitated the adoption of eLearning solutions.

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Some of the key players in the region are Infor (U.S.), Oracle (U.S.), SAP (Germany) SkillSoft Corporation (U.S.), Adrenna (U.S.), 24x7 Learning (India), CERTPOINT Systems (U.S.), Digital Ignite (U.S.), GeoMetrix Data Systems Inc. (Canada), Blatant Media Corporation (Canada) among others.

Corporate eLearning ensures that employees are kept up to date with developing job requirements and changes in both external and internal organisational/market conditions. This allows employees to understand how their performance positively impacts the organisation-wide goals. Corporate eLearning allows organizations to reduce HR costs associated with on-boarding, training, recruitment, retainment, and engagement via automated processes, sophisticated reporting and a decreased need for hiring talent to manage and provide training/continued education.

E-learning has led to a sustained and deeper level of understanding of the program content by learners, particularly in the case of Westpac Banking Corporation where employees are required to re-accredit on a regular basis. This translate into higher work quality and higher worker productivity levels. Higher productivity levels are experienced in more general terms, not just as a result of less errors and better decisions. This is attributed to several sources. The option of taking a course online, particularly one for which the skills and knowledge could be immediately applied to give improved work performance, mean that employees can take the online training at any time.

High training costs has been the most important issues of the current time for any organisations and the solutions come in form of Corporate E-learning. The Global Corporate E-learning market has been growing rapidly since technology came into picture and as e-learning helps to deliver the content more efficiently and effectively.

The market for global corporate E-Learning is segmented on the basis of technology, training type, and region. On the basis of technology the segment is further classified into web based, learning management system (LMS), learning content management system (LCMS), podcasts, virtual classrooms, Mobile E-Learning and others. On the basis of training type, the segment is further classified into Instructor-led & Text based and Outsourced.

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The corporate e-learning market in North America is expected to grow considerably during the forecast period. This is due to the growing advances in technological infrastructure and increasing investments from major organisations and e-learning vendors in launching innovative solutions and systems for digital learning. Increasing popularity of self-paced and competency-based e-learning among employees is expected to boost the growth of the market in the European region. Asia Pacific is expected to witness the fastest growth in corporate e-learning market owing to rising number of organisations opening their businesses in the emerging economies of this region.

Key Findings

• eLearning, a recognized player in cyber security and compliance content, is now partnering with cloud services giant, Quest Technology Management. Based out of Sacramento, California, Quest distributes eLearning’s educational suites as part of their offering by tapping into the combined industry expertise.
• EbixCash is planning to expand into e-learning and benefit administration in India. The company is open to acquire players in these spheres to strengthen its position as a financial exchange in the country.

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