In the corporate world, knowledge is power. This is true regardless of industry, company size, or employee role. In today’s increasingly complex work environment, companies must offer formal training to remain competitive and thrive. The challenge for many resource-challenged companies though, is in finding the expertise and resources to develop and deliver effective corporate training.
The growing need for employee development combined with the gap in available corporate resources and created a significant reseller opportunity, particularly for third-party organizations that can offer training in a highly valued SaaS model.
The Growing Need for Corporate Training
According to Allied Market Research, global corporate training was a $333 billion market in 2019. The company estimates that the market will grow to nearly $420 billion by 2027, for a CAGR of 9.4% from 2021 to 2027.
According to the report, the surge in employee development requirements, combined with cutting edge technologies are driving this extraordinary growth. In 2019, North America contributed the largest share and expectations are that it will maintain this dominance in terms of revenue during the forecast period.
The report also cited the increasing desire of organizations to restructure their approach to training by adopting online portals.
On-Demand Platforms for Corporate Training
In the past, most companies looking to implement a corporate training program relied on classroom-based, in-person training. But in recent years, the evolution of SaaS-based technologies, combined with increasingly remote workforces, have made electronic learning, or “eLearning” the preferred approach for most organizations. eLearning eliminates the need for in-person training and the associated expenses as it relies on electronic technologies (the Internet, primarily) to drive employee development.
In addition to offering a cost-effective alternative to in-person training, an eLearning-based approach allows your users to conduct their learning and training activities at their own convenience in a self-paced manner.
The core technology that supports all types of eLearning programs, including corporate training, in a Learning Management System, or “LMS”. An LMS is the software that is used to build, deploy, manage, and track all type of eLearning programs, including corporate training and employee development.
LMS Portals: SaaS Reseller Opportunity for Corporate Training
LMS Portals is a SaaS-based, multi-tenant learning management system that allows administrators to launch and manage a customized online training environment (portal) for each of your unique training audiences.
The LMS Portals architecture creates a unique SaaS reseller opportunity for corporate training in that each of your corporate clients can have their own dedicated training environment to support their specific training needs. Each portal you launch includes a powerful course development engine along with robust supporting tools for user onboarding, learning path creation, group management, certificate awarding, analytics, and more.
In addition, we provide our SaaS reseller partners with 140+ ready-made and customizable courses, covering most every aspect of corporate training and employee development.