Meeting the Learning Needs of Today's Workforce: Europe's Growing Managed Learning Services Market

In 2022, the managed learning services market in Europe is anticipated to be worth US$36.65 billion. By the end of 2032, the market for managed learning services in Europe is expected to be worth US$ 85.35 billion, growing at a high CAGR of 8.8%.

In 2021, Europe held a nearly 25% market share for managed learning services worldwide. In Europe, there is an increasing desire for workflow automation, which is driving up demand for managed learning services. The introduction of managed learning services (MLS) will be further fueled in the upcoming years by the expanding need for leadership development, team development, and curriculum creation and development in organisations across Europe.

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Key Players

• TÜV Rheinland
• BTS Europe
• DDI UK
• Hemsley Fraser
• FranklinCovey U.K.
• 2logical
• KnowledgePool
• The Cegos Group
• Wilson Learning

Key Takeaways from Market Study

• During the projection period, the market for managed learning services in Europe is dominated by the service sector of learning administration. Through 2032, the category is anticipated to grow at the highest CAGR of 10.6%.
• Large businesses currently dominate the market in terms of size. But until 2032, the demand for MLS from small and medium-sized businesses is anticipated to grow rapidly, at a CAGR of 10.9%.
• By industry, the IT & telecom sector is anticipated to hold the largest market share by 2032, at about 26.8%. Though until 2032, the education sector is anticipated to grow at the highest CAGR of 10.6%.
• The market is anticipated to be led by the United Kingdom, then France. It is expected that the United Kingdom would experience the fastest market growth between 2022 and 2032.

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Key Trends in Europe Managed Learning Services Market

The managed learning services market in Europe is witnessing significant trends that are shaping the landscape of corporate training and development. One key trend is the increasing demand for personalized and learner-centric solutions. Organizations are realizing the importance of tailored learning programs that meet the unique needs and preferences of their employees, rather than a one-size-fits-all approach. This has led to the adoption of learning management systems (LMS) that offer advanced features such as adaptive learning, microlearning, and mobile learning to provide a seamless and personalized learning experience.

Another prominent trend in the Europe managed learning services market is the growing emphasis on upskilling and reskilling to address the skills gap. With rapid advancements in technology and changing business requirements, organizations are prioritizing continuous learning and development to stay relevant and competitive. This has led to the implementation of strategic workforce planning initiatives and the use of data analytics to identify skill gaps and design targeted learning interventions. Managed learning services providers are offering comprehensive solutions that include skills assessments, competency mapping, and customized learning paths to help organizations bridge the skills gap effectively.

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COVID-19 Impact on Europe Managed Learning Services Market

The COVID-19 pandemic has had a significant impact on the Managed Learning Services (MLS) market in Europe. With the unprecedented disruption caused by the pandemic, businesses and organizations across Europe have had to adapt to new ways of operating, including remote working and online learning. This has led to an increased demand for MLS solutions as companies seek to upskill and reskill their employees to navigate the changing business landscape.

One of the key impacts of COVID-19 on the MLS market in Europe has been the accelerated adoption of digital learning solutions. As traditional classroom-based training became challenging due to lockdowns and social distancing measures, organizations turned to virtual learning platforms to deliver training to their employees. This has led to a surge in demand for MLS providers who offer digital learning platforms, learning management systems (LMS), and other online learning tools to enable remote learning.

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This release was published on openPR.