Updated: Mar 25
The eLearning market has experienced significant growth in recent years, and it is expected to continue to grow in the coming years. According to a report by ResearchAndMarkets.com, the global eLearning market was valued at $144.23 billion in 2019 and is expected to reach $374.3 billion by 2026, growing at a CAGR of 14.6% from 2020 to 2026.
The growth of the eLearning market is driven by several factors, including the increasing demand for flexible and personalized learning options, the rising adoption of mobile learning and gamification, and the need for cost-effective and scalable training solutions. The COVID-19 pandemic has also accelerated the adoption of eLearning as schools and businesses have shifted to remote learning and work.
The eLearning market is also segmented by geography, with North America and Europe being the largest markets. However, Asia Pacific is expected to be the fastest-growing market due to the increasing adoption of technology in education and the rising demand for upskilling and reskilling in the region.
The Corporate eLearning Market
The corporate eLearning market is a significant segment of the overall eLearning market and includes the use of technology to deliver training and development programs to employees in the workplace. The market is driven by several factors, including the need for organizations to keep up with rapid changes in technology and the workforce, the increasing demand for personalized and on-demand learning, and the growing importance of employee engagement and development.
According to a report by Global Market Insights, the global corporate eLearning market was valued at $20 billion in 2020 and is expected to grow at a CAGR of over 15% from 2021 to 2027. The report also suggests that the COVID-19 pandemic has accelerated the adoption of eLearning in the corporate sector, as organizations have had to rapidly shift to remote work and learning.
eLearning Industry Segments by Product Offering
The eLearning industry encompasses a broad range of products, services, and technologies that support online learning. Here are some of the main segments of the eLearning industry:
Learning Management Systems (LMS)
These are software platforms that provide a centralized system for creating, delivering, and managing online learning content. LMSs typically include features such as course authoring, student tracking, and reporting.
Courseware and Content Providers
These companies develop and distribute online course content, including e-books, videos, simulations, and interactive learning materials.
Corporate Training and Development
These services provide customized eLearning solutions for businesses and organizations, including employee onboarding, compliance training, and leadership development.
Educational Technology (EdTech)
These companies develop and provide technology solutions that support learning, such as adaptive learning systems, gamification tools, and virtual reality (VR) simulations.
Online Tutoring and Coaching
These services provide one-on-one or small-group online tutoring and coaching services, often using video conferencing and collaboration tools.
Massive Open Online Courses (MOOCs)
These are online courses that are available to the public for free or at a low cost. MOOCs are often offered by universities and other educational institutions, and can reach large audiences of learners.
Skills Training and Certifications
These services provide online training and certifications in specific skills or industries, such as coding, digital marketing, or healthcare.
These services provide online language learning programs and courses, often using interactive tools and multimedia content to support language acquisition.
These companies provide data analytics tools and services that help educators and organizations track and analyze student learning and engagement data to improve learning outcomes.
About LMS Portals
At LMS Portals, we provide our clients and partners with a SaaS-based, multi-tenant learning management system that allows you to launch a dedicated training environment (a portal) for each of your unique audiences.
The platform is white labeled, allowing you to add your own (or your client’s) branding elements for each portal you launch.
The system includes an embedded course authoring tool that enables most anyone to build engaging courses quickly and easily.
We offer a complete library of ready-made corporate training courses. So you can build your own courses, utilize our off-the-shelf library, or some combination of the two.
If you choose to, you can create Learning Paths to deliver courses in a logical progression and add structure to your training program. The system also supports Virtual Instructor-Led Training (VILT) and provides tools for online coaching and social learning.
The combination of our platform features and services make LMS Portals the ideal choice for our eLearning partner companies.