According to the research report titled ‘Global Corporate E-Learning Market Size study, by Training (Outsourced, Instructor-Led, Text based), by End User(Consumer Goods Sector, Energy Sector, Automotive Industry, Banking, Financial Services, and Insurance (BFSI), Manufacturing, Retail, Services, Others), by Deployment (Cloud-Based, On-Premise), by Technology (Mobile E-Learning, Learning Content Management System (LCMS), Virtual Classrooms, Web Based, Podcasts, Learning Management System (LMS), Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global corporate e-learning market is predicted to witness unprecedented growth during 2020-2027.
 

Rising adoption of corporate e-learning solutions across various enterprises is a major factor driving the market growth. As a matter of fact, Research Institute of America states that e-learning solutions improves the retention rate of training by around 25-60% in comparison with face-to-face training method, which has an 8-10% retention rate.
 

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For those uninitiated, e-learning refers to a learning solution developed on formal teaching method through electronic resources. It is basically a network-based educational platform that allows employees to learn from any location using a mobile device or a computer equipped with internet connection. Corporate e-learning solutions also enable staff to acquire skills and knowledge before initiating a particular operation for optimized output.
 

E-learning helps in reducing the cost of human resources since it uses automated on-board training as well as recruitment processes, which in turn is aiding the market size. According to IBM Corp., an investment of around USD 1 in online learning results in USD 30 worth of productivity. However, analysts claim that corporate e-learning offers intrinsic freedom which may hamper the employee’s discipline as well as concentration towards learning, thereby negatively influencing the overall market outlook.
 

Regionally, North America currently holds the largest market share and is estimated to generate substantial returns in the forthcoming years. Availability of advanced infrastructure and high-speed internet connectivity are augmenting the regional demand for corporate e-learning solutions.
 

On the other hand, Asia-Pacific corporate e-learning market is slated to record high CAGR through 2027. Rising penetration of smart phones and other connected devices along with surging disposable income are creating lucrative growth opportunities for industry participants, which in turn is complementing the business outlook in Asia-Pacific.
 

Blatant Media Corporation, GeoMetrix Data Systems Inc., Digital-Ignite, CERTPOINT Systems Inc., 24x7 Learning Pvt. Ltd., Adrenna, SkillSoft Corporation, SAP SE, Oracle Corp., and Infor are the major contenders in worldwide corporate e-learning market.