E-learning allows business executives to learn anywhere and at any time. They can learn from virtually any place with a computer or mobile device and internet connection. Corporate education adds another dimension and depth to training by involving learners as participants in generating new knowledge that assists an organization to develop and evolve.
The role of corporate training is to ensure, an employee has the knowledge and skills to undertake a specific operation to enable an organization to continue to operate. Fundamentally, corporate training is centred on knowledge transfer. For example, conferences and workshops are an essential yet expensive part of business and e-learning makes it affordable and efficient – sales people, for instance, can receive their training on new products and sales strategies online. E-learning can be translated to lower costs to deliver training in a shorter period of time, especially when employees are spread worldwide. Corporate education adds another dimension and depth to training by involving learners as participants in generating new knowledge that assists an organization to develop and evolve.
- 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.
- The global corporate E-Learning market is estimated to grow up to USD 30 Billion at 13% CAGR through the forecast period.
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Geographically, North America holds the major market share in 2016 and is expected to grow in the coming years. The corporate sector in the U.S. is the headquarters of established technology companies such as Google and Microsoft, which is continuously innovating with technology in the education sector. With the growing popularity of self-paced, personalized, and adaptive learning among learners in the region, the demand for e-learning content, courses, solutions, and systems has increased considerably. Microsoft recently launched its subscription-only online skills training platform. The self-paced online e-learning products and services platform industry is a multi-billion annual global-wide business. Although the business is predicted to decline, online training platforms like LinkedIn Learning is still a healthy expansion move which can help Microsoft better monetize LinkedIn members.
The Corporate E-Learning Market in Europe is expected to witness gradual growth during the forecast period. Organizations are increasingly adopting new learning methodologies, such as blended learning, collaborative learning, and competency-based learning. Rising job opportunities and willingness among employees to enhance their skills are key factors that will lead to the opening of new avenues for vendors in the corporate e-learning market in Asia Pacific region.
Some of the key players in the region are Infor (U.S.), Oracle (U.S.), SAP (Germany) SkillSoft Corporation (U.S.), Adrenna (U.S.), 24×7 Learning (India), CERTPOINT Systems (U.S.), Digital Ignite (U.S.), GeoMetrix Data Systems Inc. (Canada), Blatant Media Corporation (Canada) among others.
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