The corporate eLearning market is a rapidly growing industry that is expected to continue expanding in the coming years. According to a report by ResearchAndMarkets.com, the global corporate eLearning market size was valued at $58.66 billion in 2020 and is projected to reach $375.10 billion by 2026, growing at a CAGR of 34.1% during the forecast period.
The growth of the corporate eLearning market can be attributed to several factors, including the increasing demand for cost-effective training solutions, the growing need for upskilling and reskilling employees, and the rising adoption of mobile and cloud-based eLearning platforms.
Another contributing factor is the ongoing COVID-19 pandemic, which has accelerated the adoption of eLearning as organizations have had to shift to remote work and virtual training. This has led to a significant increase in the use of online training platforms and tools, further driving the growth of the corporate eLearning market.
In terms of geographic regions, the Asia-Pacific region is expected to have the highest growth rate in the corporate eLearning market, due to the increasing adoption of eLearning platforms by organizations in countries such as China, India, and Japan.
eLearning Technologies for Corporate Training
There are various technologies that are used in corporate eLearning to deliver training to employees. Here are some of the most popular technologies:
Learning Management Systems (LMS)
An LMS is a software application that helps organizations to manage, deliver and track training programs. LMSs provide a centralized platform where employees can access course materials, complete assignments, and take assessments.
Mobile Learning
With the rise of mobile devices, mobile learning has become increasingly popular in corporate training. Mobile learning enables employees to access training materials anytime, anywhere, using their smartphones or tablets.
Virtual and Augmented Reality
Virtual and augmented reality technologies are being used to create immersive training experiences that simulate real-world scenarios. This allows employees to practice their skills in a safe and controlled environment.
Gamification
Gamification involves incorporating game elements such as badges, leaderboards, and rewards into eLearning courses. This approach can help to make the learning experience more engaging and interactive.
Video-based Learning
Video-based learning involves using videos to deliver training content to employees. This can include recorded lectures, demonstrations, and simulations.
Artificial Intelligence (AI)
AI is being used in eLearning to personalize the learning experience for individual employees based on their learning preferences and performance data. AI can also be used to provide automated feedback and assessments.
Social Learning
Social learning involves using social media and collaboration tools to facilitate learning and knowledge sharing among employees. This approach can help to foster a culture of learning and improve employee engagement.
Seven eLearning Strategies for Corporate Training
Here are some strategies to help make your eLearning program successful:
Start with clear learning objectives: Before you start developing your eLearning program, define the learning objectives you want to achieve. This will help you to design relevant and effective learning activities.
Use interactive and engaging content: To keep learners engaged and motivated, use interactive and multimedia content such as videos, simulations, and games. This will not only help to increase learner retention but also make the learning experience more enjoyable.
Make it mobile-friendly: With more people using their mobile devices to access the internet, it's important to ensure your eLearning program is mobile-friendly. This will give learners the flexibility to access the content on the go and at their convenience.
Provide opportunities for social learning: Incorporating social learning opportunities such as discussion forums or online communities can help learners to collaborate, share ideas and learn from each other.
Use microlearning: Instead of long, intensive courses, break down the content into smaller, bite-sized modules. This will help learners to retain the information better and make the learning experience more manageable.
Use data analytics: Use data analytics to track learners' progress and identify any areas where they may be struggling. This will help you to make any necessary adjustments to the content or delivery methods.
Provide feedback and assessment: Provide learners with regular feedback and assessments to help them gauge their progress and identify areas where they may need further development.
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 system includes an embedded SCORM-compliant course authoring tool that enables most anyone to build engaging courses quickly and easily.
We also offer a complete library of ready-made, white label courses, covering most every aspect of corporate training and employee development.
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.
Together, these features make the LMS Portals platform the ideal platform for your eLearning strategy and corporate training program.
Contact us today to get started or visit our Partner Program pages
Commenti