Global corporate e-learning market is set to grow at a CAGR of close to 19% during the forecast period, 2017-2021 according to Technavio. The Americas currently account for $15.59 billion in revenues or 41% market share. EMEA represents 32.7% share and is expected to reach $30.82 billion by 2021. APAC regions is 26.3% share and will see 20% CAGR.
“The market is expected to witness rapid growth during the forecast period owing to the increase in digitization and corporate realization of the importance of training in strengthening the workforce. In addition, e-learning helps companies overcome the obstacles that may arise from traditional learning formats,” says Jhansi Mary, research leader, Technavio.