Dive Brief:

• According to research released by Technavio, the size of the global corporate e-learning market is “predicted to reach close to $31B in revenue” by 2020.
• This predicted growth reflects strong trends of digitization and improved tech in the space, especially as more companies are updating (and even replacing) their learning management systems with more streamlined systems.
• The e-learning market was valued at $12B in 2015, meaning the predictions expect more than doubled growth by 2020. Much of the growth is due to companies seeking out self-paced learning programs for their populations, the report says.

Dive Insight:

E-learning impacts a number of industries, including manufacturing, healthcare, banking and financial services, among some, which has added to its growth. Additionally, the call for mobile-enabled tech will spur the technology segment to be the fastest growing segment in the learning market.

Companies will also likely be adopting e-learning programs to suit their individual needs, which is “an attractive business opportunity” for vendors.