A growing demand in learning requirements at the workplace combined with increasing technology options are driving the growth of the global corporate training market. In fact, according to a report published by Allied Market Research, the global corporate training market generated just over $332 billion in 2019 and is expected to see more than $417 billion by 2027, for a CAGR of 9.4% from 2021 to 2027.
Since the start of the Covid-19 pandemic, many companies have adopted a remote working approach and have implemented virtual methods for providing training to employees. In remodeling their training approach, organizations are turning to the use of online portals while designing programs and modules that support this method.
Learning Management Systems for B2B Learning
The core technology that supports all types of online training, including B2B-based training, is a Learning Management System or “LMS”. While some companies choose to deploy their own locally hosted LMS, they tend to be very large organizations that have the financial and human resources available for this demanding project. Today, it is far more common for a company to work with a cloud-based vendor in order to access the training features and capacity they need.
Some of the benefits of working with a cloud-based LMS include:
Cost-Effectiveness
Working with a cloud-based LMS vendor eliminates the need for a large, up-front investment in software, hardware, and other required resources.
Speed
While an on-premises (locally hosted) LMS can take many months to deploy, many companies can be up-and-running with a cloud-based LMS almost immediately.
Flexibility
Many cloud-based LMS offerings allow you to choose the features and capacity you need and scale up (or down) this capacity as your needs change over time. This approach also allows for cost-effective and streamlined scalability.
Multi-Tenant Learning Management Systems for B2B-based Training
Another, more recent, option companies have in choosing an LMS is in deciding between a single-tenant LMS or a multi-tenant architecture. While a single-tenant LMS architecture dedicates the entire hardware and software solution for a single audience, a multi-tenant LMS allows you to launch any number of private, customized training environments to support multiple unique audiences.
Some of the use cases for which a multi-tenant LMS is best-suited include:
Extended Enterprise Training
Companies that are looking to train, not just internal employees, but other entities, such as customers, partners, and suppliers, can leverage a multi-tenant LMS to launch and manage independent training portals for each of these audiences.
Third-Party B2B Training
A growing component of the corporate training market is in outsourced training provided by third-party vendors. A multi-tenant LMS provides the perfect architecture for this as it allows these training companies to launch new instances of the application on-demand as they secure new clients and training engagements.
LMS Portals: A Multi-Tenant LMS for B2B Training
LMS Portals provides a cloud-based, multi-tenant learning management system that allows our clients and partners to launch private, customized training environments (portals) on-demand. Each portal you launch can be uniquely branded to support that audience and includes a Rapid Course Development engine, allowing you to build engaging courses quickly and easily- no training required. In addition, each portal includes powerful supporting technologies for user onboarding, learning path development, customized certificate generation, analytics, and more.
Finally, LMS Portals also offers our clients and partners a Corporate Training Library consisting of 140+ (and growing) ready-made and customizable courses to support all areas of corporate training and employee development.
Contact us today to get started or visit our Partner Program pages