Corporate E-Learning Market 2018 estimated to hit US $30 Billion by 2022
“Corporate E-learning Market”
Global Corporate E-learning Market Research Report, by technology (Web-Based, LMS, Learning Content Management Systems, Podcasts, Virtual Classrooms, Mobile E-Learning), by training type (Instructor-led & Text based, Outsourced) – Forecast till 2022
E-learning allows business executives to learn anywhere and at any time. With e-learning nobody has the excuse its too far to travel. You are already in the presence of your trainer and training material through the e-learning pportal. Employees can log in to e-learning portals from virtually any place with a computer or mobile device and internet connection. Employees can log in which travelling or during down times to their e-learning modules. As e-learning tools get easier and more affordable companies big and small are getting on the band wagon
The role of corporate training is to ensure, an employee has the knowledge and skills to undertake a specific operation to enable an organization to continue to operate. In the past training revolved around attending classes. Imagine the overheads. Having one new staff and a corporate training having to induct or train this person. Expensive. And companies were very dependant on the trainer or the corporate trainer to be there when needed. They required “knowledge transfer” in an organised systematic manner. Sure you could send staff for external training or conferences and workshops. But now with e-learning you can create the training experience once and repeat it over and over again. Of course you still have to check if there has been knowledge transfer but the deliver has removed the trainer out of the cost. E-learning makes it affordable and efficient – E-learning for sales people, E-learning for the receptionist joining the company, E-learning for safety inductions. Employees now can can receive their training on new products, strategies, systems, procedures online. E-learning can be translated to lower costs to deliver training in a shorter period of time, especially when employees are spread worldwide. Corporate education adds another dimension and depth to training by involving learners as participants in generating new knowledge that assists an organization to develop and evolve.
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