14-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Corporate E-learning Content Development Market By Product (Game-Based Training, Instruction-Led Training, Text-Based Training, and Others), By Technology (Web-Based Learning, Virtual Classroom, Learning Management System, Learning Content Management System, and Mobile E-Learning), By Organization Size (Large Enterprises and Small & Medium Enterprises), and By Deployment Type (Cloud-Based and On-Premise): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025”. According to the report, the global Corporate E-learning Content Development market was valued at approximately USD 11,631 million in 2018 and is expected to reach a value of around USD 26,198 million by 2025, at a CAGR of around 12.2% between 2019 and 2025.
E-learning content development encompasses the creation of interactive content that is delivered via different electronic media or online. E-learning content can also be accessed on YouTube through the use of the web.
Browse the full “Corporate E-learning Content Development Market By Product (Game-Based Training, Instruction-Led Training, Text-Based Training, and Others), By Technology (Web-Based Learning, Virtual Classroom, Learning Management System, Learning Content Management System, and Mobile E-Learning), By Organization Size (Large Enterprises and Small & Medium Enterprises), and By Deployment Type (Cloud-Based and On-Premise): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025” Report at https://www.fnfresearch.com/corporate-e-learning-content-development-market-by-product-281
Need for developing effective customer relationships & retaining customers to drive the market trends
Firms are focusing on consumer satisfaction to enhance their sales and thereby expand their business. Moreover, corporate e-learning content development will also help the organizations in promoting their products & services online and improve the image of the company’s brand in the business. All these aforementioned aspects are likely to drive the growth of the corporate e-learning content development industry over the forecast period.
Furthermore, salespersons of the firms can access online training modules and acquire knowledge of the product. This can help the person develop effective soft skills and help them proficiently resolve customer queries through eLearning. In addition to this, corporate eLearning can assist the firms in expanding their consumer base. This, in turn, is expected to favorably influence the market growth over the forecast timeline.
Moreover, in the conventional instructor-led training system, firms spend huge amount of money on traveling & accommodation expenses of instructors. This incurs huge corporate expenditure for the firm. However, online training minimizes the traveling & boarding costs for the firm and this aspect is likely to steer the market growth as it proves more feasible or beneficial for the firm. Additionally, eLearning provides repeated use of training modules with incurrence of low maintenance charges, thereby cutting down trainer charges & costs of instruction time. However, high dependence of eLearning software on internet browser-based applications can hinder the market surge over the forecast timeline. Nonetheless, gamification in eLearning can create new growth avenues for the market over the forecast period.
Instruction-Led Training to dominate the product segment by 2025 in terms of earnings
The instruction-led training segment is predicted to register lucrative growth over the forecast timeline owing to the massive use of these instruction-led training activities carried out by the firms. In addition to this, the training helps in delivering content directly to learners with the instructor’s aid. Apart from this, the instruction-led training is adaptable and involved 2-way learning as well as social interaction between the learner & trainer.
Cloud-based segment to record highest CAGR over the forecast period
The segment is set to register the highest growth rate of over 12% during the timespan from 2019 to 2025. The segmental growth is credited to reduced initial set up costs, easy access, high computing speed, and enhanced data security.
North America to account for a major market revenue share by 2025
The regional market growth over the forecast period is due to the rise in the acceptance of e-learning tools like video & gamification and cloud-based learning management systems by the corporates primarily in countries like the U.S.
Some of the key players in the market include Allen Communication Learning Services, CCS Education, CGS City & Guilds, Kineo CommLab India, CrossKnowledge Designing Digitally, Inc., DuPont Sustainable Solutions, Eduriser EI Design Pvt. Ltd., Eiffel Corp, G-Cube, GP Strategies Corporation, Learning Pool, LEO Learning, NIIT Limited, Obsidian Learning, PulseLearning, SweetRush Inc, and Tata Interactive Systems among others.
This report segments the Corporate E-learning Content Development market as follows:
Global Corporate E-learning Content Development Market: By Product Segment Analysis
- Game-Based Training
- Instruction-Led Training
- Text-Based Training
Global Corporate E-learning Content Development Market: By Technology Segment Analysis
- Web-Based Learning
- Virtual Classroom
- Learning Management System
- Learning Content Management System
- Mobile E-Learning
Global Corporate E-learning Content Development Market: By Deployment Type Segment Analysis
Global Corporate E-learning Content Development Market: By Organization Size Segment Analysis
- Large Enterprises
- Small & Medium Enterprises
Global Corporate E-learning Content Development Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Facts & Factors
A 2108, Sargam,
Pune 411041, India
Email: [email protected]