Managed Learning Service Market Thrives Amidst Educational Transformation

Managed learning services help the organization to overcome challenges and provide solutions such as modernizing the whole range of learning and development activities and also reducing the spending of the organization. Automating the workflow, centralizing the learning and development functions, selection of effective delivery methods, clear demand plan, and performance analytics are some of the benefits of managed learning services. End-to-end training administration such as content development, logistics, delivery, post-training activities, and other hidden training activities costs have to be managed by the organization during managing the training programs internally. Because of all these activities involved in the management process, organizations have to invest a significant amount of the company's time and resources. Organizations can reduce their hidden cost with the help of managed learning service providers who will also additionally bear the risk associated with the process. Therefore, many organizations are rapidly adopting these services to control their training cost which is one of the major factors that will drive the managed learning services market growth.

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COVID-19 Scenario Analysis :

► The emergence of COVID-19 has not only affected the health of the people but has also affected the global economy. Furthermore, the lockdowns and restrictions have forced many industries to shift their traditional working methods to new remote working.

► Additionally, the in-person training programs conducted by many companies pre COVID-19 were stopped abruptly by the companies because of the social distancing and remote working norms.

► This, therefore, harms the managed learning market. However, with challenges comes great opportunities.

► As most businesses analyst predict that work from home trend is going to very stay even after COVID-19 is over, many managed learning service providers are anticipating the new needs of the managed learning service market and have started shifting their traditional model to virtual learning and hybrid learning models.

► Additionally, managed learning service providers have started establishing a virtual academy by developing technology for virtual training and content strategy and also building a multidisciplinary team of specialists in virtual training.

► All these are the factors that will drive the managed learning service market growth of the managed learning service providers during the post-pandemic period.

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By outsourcing learning and development activities to managed learning service providers, organizations save a lot of time and resources. Additionally, organizations can focus on the core aspect of the business instead of continuously thinking about the training and continuing the education requirements. Furthermore, managed learning service providers can offer more options for training and execution and manage the process more efficiently than any company can offer. To increase the number of learning options available, manage learning service providers can provide access to more online courses and seminars and also have several instructors. This improves the learning opportunities and this will result in a well-trained and well-prepared employee.

Key Benefits of the Report:

► This study presents the analytical depiction of the managed learning service industry along with the current trends and future estimations to determine the imminent investment pockets.

► The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the managed learning service market share.

► The current market is quantitatively analyzed to highlight the managed learning service market growth scenario.

► Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.

► The report provides a detailed managed learning service market analysis based on competitive intensity and how the competition will take shape in the coming years.

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However, inconsistency in the delivery of content, poor execution of training process, and absence of expertise in the training delivery are some of the factors that are responsible to restrain the managed learning service market growth. Additionally, many business organizations conduct in-house training because they find the outsourced training programs less effective to achieve their business goals, thereby restraining the market growth. However, advanced technologies such as virtual reality (VR) and augmented reality (AR) are creating many opportunities for business and learning professionals to shape the future. For instance, augmented reality can help a mechanical technician to scan a machine part and learn how to replace it, whereas virtual reality provides a virtual scenario for the technicians to explore, replace and repair the parts without actually using the mechanical machine. Therefore, many managed learning service providers have started understanding the opportunities of AR and VR and have started incorporating these technologies in their learning and development processes.

Key Market Players:

► NIIT

► G-Cube

► TTEC

► DDLS

► Infopro Learning, Inc

► QA

► TTA (The Training Associates)

► Learning Tree International, Inc

► Capita People Solutions

► Schouten Global

► GP Strategies Corporation

► Hemsley Fraser Group

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