The corporate eLearning market is a rapidly growing sector of the eLearning industry, driven by the increasing demand for workforce development and training. The size and growth of the corporate eLearning market can vary depending on the source, but here are some key statistics:
According to a report by Global Market Insights, the global corporate eLearning market size was valued at $200 billion in 2019 and is projected to reach $375 billion by 2026, growing at a CAGR of over 8% from 2020 to 2026.
A report by ResearchAndMarkets estimates that the global corporate eLearning market will grow at a CAGR of 11.41% from 2020 to 2025, reaching $370.3 billion by 2025.
A report by Technavio estimates that the global corporate eLearning market will grow at a CAGR of over 11% from 2020 to 2024.
According to a report by eLearning Industry, the global eLearning market was valued at $255 billion in 2017, with the corporate sector accounting for a significant portion of this market.
The COVID-19 pandemic has accelerated the growth of the corporate eLearning market as more companies adopt remote work and virtual training solutions. According to a report by Global Market Insights, the pandemic has increased the demand for online training solutions, with the corporate eLearning market projected to grow at a CAGR of over 15% from 2020 to 2026.
Corporate eLearning for Management Consulting Engagements
Management consulting firms have a significant revenue opportunity in this space. eLearning is a way to offer training and educational content to clients through online platforms, which can be a cost-effective and flexible way for firms to reach a wider audience.
Management consulting firms can create and sell eLearning courses that cover topics such as strategy development, leadership, change management, and project management, among others. These courses can be designed for different levels of expertise and can be offered in various formats, such as video lectures, interactive modules, case studies, and quizzes.
In addition, management consulting firms can leverage their expertise to develop customized eLearning solutions for their clients. These solutions can be tailored to meet the specific needs of the client's industry, business size, and objectives. This can be a particularly lucrative opportunity for firms that work with large corporations or government agencies.
To generate revenue from eLearning, management consulting firms can offer courses on a subscription basis or charge per course. They can also offer certification programs, which can increase the value of their courses and provide an additional revenue stream.
Finally, management consulting firms can use eLearning as a lead generation tool, offering free or low-cost courses to attract potential clients. These courses can be used to build trust and credibility with prospective clients and can lead to larger consulting engagements.
eLearning Use Cases for Management Consulting Engagements
eLearning can be a valuable tool in various management consulting engagements, including:
Leadership Development
eLearning can provide a cost-effective and flexible way to deliver leadership development programs to clients. Management consulting firms can create eLearning modules that cover topics such as communication, strategic thinking, and decision-making skills.
Change Management
eLearning can be used to support change management initiatives by providing training on new processes, systems, and procedures. Management consulting firms can develop eLearning courses that cover change management methodologies, stakeholder engagement, and resistance management.
Project Management
eLearning can be used to train project teams on project management methodologies, tools, and techniques. Management consulting firms can create eLearning courses that cover topics such as project planning, risk management, and project monitoring and control.
Sales and Marketing
eLearning can be used to train sales and marketing teams on new products, services, and market trends. Management consulting firms can create eLearning courses that cover topics such as sales techniques, market research, and product positioning.
Industry-specific Training
eLearning can be used to provide industry-specific training to clients. Management consulting firms can create eLearning modules that cover industry-specific topics such as regulatory compliance, industry trends, and best practices.
Onboarding
eLearning can be used to onboard new employees to a client's organization. Management consulting firms can create eLearning courses that cover topics such as company culture, policies, and procedures.
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 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 our management consulting partners.
Contact us today to get started or visit our Partner Program pages
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