Corporate eLearning refers to the programs and activities a company creates for employee development. The growth of competition in the global marketplace, combined with increasingly complex corporate work environments has shifted corporate training from a “nice to have” to a “must have”.
In recent years, the emergence of powerful cloud-based eLearning technologies and an increase in remote workforces have made eLearning a preferred approach to corporate training among companies of all sizes and from every industry. Given this, the corporate eLearning market size, valued at $250 billion in 2020, is projected to exceed $1138 billion by 2028. This represents CAGR growth of 21 % from 2021 to 2028.
The Benefits of eLearning-Based Corporate Training
Most companies today, regardless of size or industry, choose to run all or part of their corporate training program through eLearning. Not only is an eLearning-based approach more suitable for today’s remote workforces, but it eliminates travel costs, venue and on-site instructor fees. It also allows employees to conduct their learning activities at their own pace and from any place they choose. All that is required is an Internet connection.
The Emergence of Cloud-Based Learning Management Systems
The foundational technology for all types of eLearning programs, including corporate training and employee development, is a Learning Management System, or “LMS”. An LMS is the software that is used to build, deliver, manage, and monitor an eLearning program.
When choosing an LMS to support corporate training, a company is faced with several options:
On-Premises vs. SaaS-Based
Some companies choose to “stand up” their LMS on their own servers (on-premises). However, they tend to be very large organizations that can make the up-front capital investment required for the software, hardware, and supporting technologies. They also have the in-house labor resources required for the ongoing management and maintenance of the platform.
Single-Tenant vs. Multi-Tenant
A more recent introduction to the LMS market is in the availability of multi-tenant architecture. While a single-tenant LMS dedicates the entirety of its hardware and software to a single audience, a multi-tenant LMS allows the administrator to launch and manage a dedicated online training environment (portal) for each unique audience. A multi-tenant LMS is ideal for Extended Enterprise training (internal and external audiences) as well as for an organization that wants to offer LMS services to their clients over the Internet.
LMS Portals for Revenue Generation
At LMS Portals, we provide our clients and partners with a SaaS-based, multi-tenant learning management system that allows the administrator to launch dedicated, customized training portals on-demand. Each portal you launch includes a powerful course development engine, along with robust supporting tools for user onboarding, learning path creation, group management, live remote training, analytics, and more.
Through our partner program your company can provide your clients with the features and capacity they need to run an effective corporate training program.
Ready-Made Corporate Training Content
We also provide our client and partners with a library of 140+ ready-made and customizable corporate training courses, covering most every aspect of employee development. This library of courses, combined with the LMS Portals platform provides for a turnkey business and revenue generation.