Learning & Development Market Intelligence

Learning & Development Market Description

The Learning and Development industry is expected to grow at a CAGR of 2–3 percent to reach a value of $402 billion by 2022, while the corporate e-learning market is expected to grow at a CAGR of 11.41 percent. The L&D market has the highest growth rate in North America and Europe, both growing at a rate of 3–4 percent, with an average supplier profit margin of 15–22 percent. APAC and parts of Latin America are expected to be the future growth driving markets for L&D services. Top global suppliers are Skillsoft, Informa Training, and Infosys.

The report provides a comprehensive analysis of the global learning and development market, examining the industry trends, drivers and constraints. The report presents a regional market outlook for North America, Europe, the Middle East, and Africa, Asia Pacific, and Latin America, evaluating the market size, current trends, and growth potential. The report identifies the procurement best practices, sourcing models and pricing models. Porter’s Five Forces Analysis for developed and emerging markets is shared in the report, along with the factors affecting the L&D market. The report also includes detailed supplier analysis and profiling, with a cost and pricing analysis.

Report Coverage

Brexit–Impact on Learning & Development Services
L&D Industry Trends
Factors Affecting L&D
Global Supplier List and Service Capabilities

Learning & Development Market Trend, Analysis & Forecast

Category Intelligence on Learning & Development covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Learning & Development Executive Summary

1.1 Global L&D Industry Outlook
1.2 Supply Market Outlook
1.3 Brexit –Impact on Learning & Development Services

2. Learning & Development Market Analysis

2.1 Global L&D Market Maturity
2.2 Transformation of Corporate Training and Development
2.3 Global L&D Industry Trends
2.4 Technology and Innovation
2.5 Global L&D Drivers and Constraints
2.6 Regional Market Outlook
2.7 Industry Outlook: L&D Affecting Factors
2.8 Porter’s Five Forces Analysis: Developed Markets
2.9 Porter’s Five Forces Analysis: Emerging Markets

3. Learning & Development Supply Analysis

3.1 Supply Market Outlook: Supply Trends and Insights
3.2 Key Global L&D Suppliers
3.3 Key Regional Suppliers: Service Portfolio
3.4 Supplier Service Capability Analysis – Managed Training Service Providers
3.4 Key Global Supplier Profile
3.5 Supplier Profile

4. Learning & Development Cost and Pricing Analysis

4.1 Cost Structure Analysis
4.2 Cost Analysis and Expected Savings
4.3 Cost Break-up: Should Cost Model
4.4 Cost Structure Analysis: Region Wise Trainer Rate Benchmarking 2017
4.5 Training Outsourcing
4.6 Cost Breakup : Should Cost Model
4.6 Cost Structure Analysis : Region Wise Trainer rating Benchmarking
4.5 Pricing Analysis: Price Forecast

5. Learning & Development Procurement Best Practices

5.1 Sourcing Models for L&D Services
5.2 Sourcing Models: Comparative Analysis
5.3 Sourcing Models
5.4 Sourcing Models: Pros and Cons
5.5 Cross-Industry Sourcing Model Adoption
5.6 Key Success Factors for L&D Implementation
5.7 Pricing Models (Off-the-Shelf Courses)
5.8 Pricing Models: Comparative Analysis
5.9 Regional Pricing Best Practices
5.10 Internal Governance Structure
5.11 Key Services-Based KPI and SLA Components

Global L&D Industry Outlook

The global L&D market was valued at $403 billion in 2017
The market is forecasted to grow at a CAGR of 4–5 percent to $446.1 billion between 2017 and 2020
Regions, such as North America, Western Europe, and some parts of APAC, such as Australia, Japan, Hong Kong, Singapore, have a high market maturity
APAC and parts of Latin America are expected to be the future growth driving markets for L&D services

learning-and-development-global-market-size

Global L&D Industry Trends

In developed regions, like the US and Europe, e-learning services are expected to increase mainly due to consistent increase in demand for gamification, increase in applications providing LMS platforms and rapid e-learning tools.
In the US and Europe, self-paced learning is growing exponentially, with an increasing urge to learn more, new topics based on the convenience of the employees
In 2017, the top buyers of the mobile learning market were the US, Brazil, Indonesia, China, and India
In 2017, China, the US, Indonesia, India, and Brazil are expected to be the top buyer
Key suppliers of e-learning are Adobe, Blackboard, Articulate, City and Guilds Group, Desire2learn, Docebo, Edmodo, Educomp, Techsmith, Trivantis, Ispring
In developing markets, currently, very few service providers are technically equipped to integrate the VR in e-learningfew service providers are technically equipped to integrate the VR in e-Learning

Global L&D Market Maturity

Europe and North America are well-matured markets. Globally, top MNCs are outsourcing their L&D activities to global and regional suppliers.
APAC and Latin America are witnessing higher adoption due to the efforts by large global buyers to consolidate the supply base.

Global L&D Drivers and Constraints

The learning and development industry is expected to grow at a CAGR of 4–5 percent.
The corporate e-learning market is expected to grow at a CAGR of 11.41 percent during 2018 – 2020
Training directly effects revenue growth, and hence, organizations have increased their investment in training and development.
The key drivers are transforming traditional training to effective, measurable and technology-enabled training solutions by outsourcing to global/regional suppliers.

Drivers

Tech-enabled Training Solutions:

The need for consistency of performance drives ongoing training
Learning in the cloud and emergence of video as the dominant approach to mobile learning
In 2017, most of the Fortune 500 companies have incorporated Virtual Reality (VR) and Augmented Reality (AR) in their corporate training format. This trend is likely to increase significantly
The training market is experiencing huge transformation from micro learning to Gamification, this trend is growing rapidly.

Operational Benefits:

Outsourcing to a single global L&D supplier would allow buyers to standardize the level of services across various locations. Productivity and efficiency could be enhanced through the introduction of various critical performance indicators and compliance clauses in the contract.
Centralized procurement through a regional model will help buyers re-examine their budgets on a regional scale.

Constraints

Budget/Funding

Budget constraint is a major problem with some mid-sized organizations, which leads to a compromise in training delivery platforms such as digital aids.
Creating or fitting existing content into the e-learning platform would be difficult for companies with budget constraints.

Change Management

Internal (SMEs, content designers and training experts) as well as external stakeholders should be communicated with effectively about their roles and responsibilities before implementing e-learning.

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