Corporate training, estimated to be a $330 billion market in 2019, has emerged as one of the most lucrative SaaS-based reseller opportunities. Recent reports suggest that the market will see a CAGR of 10% between 2021 and 2027 as companies of all sizes and from most every industry struggle to determine their best and most cost-effective strategy for providing their employees with the knowledge and skills they need to remain competitive in todays’ highly complex work environment.
The Shift to eLearning-Based Corporate Training
In the past, most companies tended to rely on an in-person, classroom-based approach to training. But in recent years, the evolution of SaaS-based learning technologies, combined with increasingly remote workforces has driven a shift to electronic learning, or “eLearning”.
eLearning leverages electronic technologies (the Internet, primarily) as the foundation for learning and development (L&D) programs. And the core technology that supports all types of eLearning programs is a learning management system (LMS). This is the application that is used to build, deliver, manage, and track all types of eLearning-based programs, including corporate training.
While some organizations choose to “stand up” their own on-premises LMS, they tend to be larger companies that have the financial resources to make the significant up-front investment in the hardware, software, and other technology resources required for an LMS platform. They must also have the in-house talent required to manage and monitor the LMS on an ongoing basis.
Today, it is far more common for a company to work with third-party SaaS providers to access the LMS features and capacity required to support their corporate training program.
Single-Tenant vs. Multi-Tenant LMS
A relatively recent development in the LMS landscape is in the availability of multi-tenant architecture. While a single-tenant LMS dedicates its entire infrastructure to supporting a single training audience, a multi-tenant LMS allows the administrator to launch new training environments on-demand. This multi-tenant LMS architecture is ideal for third-party providers looking to offer LMS-as-a-Service.
LMS Portals: A Turnkey SaaS Business for Corporate Training
LMS Portals offers a SaaS-based, multi-tenant learning management system to our partners that are looking to provide powerful LMS features to their clients. The platform’s multi-tenant architecture allow you to dedicated a customized instance of the application (a portal) to each of your clients. And 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.
White Label Corporate Training Content
In addition to offering a powerful multi-tenant LMS, we provide our partners with access to a library of 140+ white label courses, covering most every aspect of corporate training. Each of these courses is available for customization and rebranding to meet the needs of your business and your customers.