The growth of corporate eLearning has been on the rise in recent years, with several statistics indicating its popularity and effectiveness. Here are some of the key statistics for the growth in corporate eLearning:
According to a report by Global Market Insights, the corporate eLearning market is expected to reach $31 billion by 2027, growing at a CAGR of over 14% from 2021 to 2027.
The COVID-19 pandemic has accelerated the adoption of eLearning, with organizations turning to online training to continue operations while ensuring the safety of their employees.
A study by eLearning Industry found that eLearning can lead to an 18% increase in employee engagement and a 60% increase in employee performance.
According to a report by ResearchAndMarkets.com, the global eLearning market is expected to grow at a CAGR of 13.6% from 2020 to 2027, reaching $375 billion by 2026.
The use of video-based learning is also on the rise, with 98% of organizations planning to use video as part of their digital learning strategy, according to a report by Kaltura.
Mobile learning is also growing in popularity, with a report by Technavio predicting a CAGR of over 21% from 2020 to 2024.
To summarize, the statistics show that the corporate eLearning market is growing rapidly, driven by factors such as the COVID-19 pandemic, the need for cost-effective and flexible training solutions, and the increasing popularity of video-based and mobile learning.
Leveraging eLearning Offerings to Differentiate Your Training Company
eLearning offerings can differentiate a training company in several ways:
A training company that offers eLearning can provide customized courses and learning experiences tailored to the needs and goals of each client. This customization can set the company apart from competitors who offer a one-size-fits-all approach to training.
eLearning allows learners to access training materials from anywhere at any time, making it a more flexible option for those with busy schedules or remote workers. A training company that offers eLearning can differentiate itself by providing this flexibility to learners.
The use of technology in eLearning can set a training company apart from competitors. For example, a company that offers immersive learning experiences, such as virtual reality or gamification, can differentiate itself and provide a more engaging learning experience for learners.
eLearning can accommodate large numbers of learners, making it an ideal option for training companies looking to scale their programs. A company that offers scalable eLearning solutions can differentiate itself by providing training programs that can grow alongside its clients' needs.
Reporting and Analytics
eLearning allows for accurate tracking and reporting of learner progress and performance, providing training companies with valuable data to evaluate the effectiveness of their training programs. A company that offers robust reporting and analytics capabilities can differentiate itself by providing clients with valuable insights into their training programs' impact.
The Benefits of a Multi-Tenant LMS for Training Companies
A multi-tenant LMS (Learning Management System) is a software application that enables multiple organizations to use the same LMS instance while maintaining data isolation and security.
Here are some of the benefits of a multi-tenant LMS for training companies:
A multi-tenant LMS can significantly reduce the cost of ownership for training companies by enabling them to share the same infrastructure, maintenance, and support costs with other organizations.
A multi-tenant LMS can easily accommodate multiple clients and grow alongside their needs. This scalability is particularly beneficial for training companies that need to scale their training programs to serve more clients or learners.
Data Isolation and Security
A multi-tenant LMS provides data isolation and security, ensuring that each organization's data is kept separate and secure. This feature is essential for training companies that handle sensitive data and need to comply with regulatory requirements.
A multi-tenant LMS can be customized to meet each organization's specific needs and branding, providing a more personalized experience for learners.
A multi-tenant LMS can enable collaboration between different organizations, such as joint training programs or the sharing of training resources.
Reduced IT Burden
A multi-tenant LMS eliminates the need for each organization to manage and maintain its own LMS instance, reducing the IT burden for training companies.
Faster Time-to-Market (TTM)
A multi-tenant LMS can enable training companies to quickly launch new training programs for multiple clients, reducing the time-to-market for new training offerings.
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.
Our platform is ideal for our training company partners as it allows you to launch a private, customized portal for each of your corporate clients (or any other way you want to segment your training 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 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 social learning.
Together, these features make the LMS Portals platform and content an ideal solution for our training company partners.