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| Report Code: A14722 | Nov 2023 | Pages: NA | ||
| Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Managed Learning Service Market
Request Now !End-to-end learning and development activities that are outsourced by a service provider that can not only manage all the training requirements but also centrally manage the vendor at a global level are known as managed learning services providers. However, in the learning and development space, managed learning services are still in the initial developing phase. Typically end to end process outsourcing occurs in payroll, equipment, and IT sectors with the help of a third-party vendor. However, outsourcing of learning and development activities is based on the requirements. For instance, off-the-shelf e-learning materials and curriculum design and delivery are some of the outsourced selective training activities. Learning and development activities are observed across different industries by engaging multiple services providers locally to outsource training activities ranging from instructional designs, learning technology, and content design and technology.
By outsourcing learning and development activities to managed learning service providers, organizations save a lot of time and resources. Additionally, organizations can focus on the core aspect of the business instead of continuously thinking about the training and continuing the education requirements. Furthermore, managed learning service providers can offer more options for training and execution and manage the process more efficiently than any company can offer. To increase the number of learning options available, manage learning service providers can provide access to more online courses and seminars and also have several instructors. This improves the learning opportunities and this will result in a well-trained and well-prepared employee.  Â
COVID-19 Scenario Analysis :
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Managed learning services help the organization to overcome challenges and provide solutions such as modernizing the whole range of learning and development activities and also reducing the spending of the organization. Automating the workflow, centralizing the learning and development functions, selection of effective delivery methods, clear demand plan, and performance analytics are some of the benefits of managed learning services. End-to-end training administration such as content development, logistics, delivery, post-training activities, and other hidden training activities costs have to be managed by the organization during managing the training programs internally. Because of all these activities involved in the management process, organizations have to invest a significant amount of the company's time and resources. Organizations can reduce their hidden cost with the help of managed learning service providers who will also additionally bear the risk associated with the process. Therefore, many organizations are rapidly adopting these services to control their training cost which is one of the major factors that will drive the managed learning services market growth. However, inconsistency in the delivery of content, poor execution of training process, and absence of expertise in the training delivery are some of the factors that are responsible to restrain the managed learning service market growth. Additionally, many business organizations conduct in-house training because they find the outsourced training programs less effective to achieve their business goals, thereby restraining the market growth. However, advanced technologies such as virtual reality (VR) and augmented reality (AR) are creating many opportunities for business and learning professionals to shape the future. For instance, augmented reality can help a mechanical technician to scan a machine part and learn how to replace it, whereas virtual reality provides a virtual scenario for the technicians to explore, replace and repair the parts without actually using the mechanical machine. Therefore, many managed learning service providers have started understanding the opportunities of AR and VR and have started incorporating these technologies in their learning and development processes.Â
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Managed Learning Service Market Report Highlights
| Aspects | Details |
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| By Enterprise Size |
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| Key Market Players | Hemsley Fraser Group, QA, Capita People Solutions, DDLS, Schouten Global, NIIT, TTEC, Infopro Learning, Inc, GP Strategies Corporation, Learning Tree International, Inc, G-Cube, TTA (The Training Associates) |
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