Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A14722 | Pages: 93 | Charts: 65 | Tables: 163 |
Managed learning service (MLS) offers companies outsourced end-to-end training solutions, enabling them to effectively manage their training requirements. It includes training outsourcing, learning outsourcing, training BPO, and learning BPO. By leveraging MLS, companies streamline their training processes, reduce administrative burden, access expertise, and stay aligned with industry best practices. Furthermore, it helps to improve cost savings, scalability, and enhance learning outcomes & the ability to focus internal resources on core business activities. Hence, it enables organizations to create efficient, effective, and adaptable learning ecosystems to support employee growth and organizational success.
Factors such as the increased demand for personalized learning experiences and growth of digital learning platforms and tools positively impact the expansion of the market. In addition, integration of AI & machine learning for adaptive learning solutions and rise in demand for cost-effectiveness of outsourcing learning management solution strengthen the growth of the market for future. Furthermore, expansion of emerging markets with surge in education demands and rise in specialized learning solutions for niche industries are expected to provide lucrative opportunities for market growth. In addition, increase in customization options to cater to diverse learner needs and rise in integration with HR systems for seamless talent development are anticipated to create numerous opportunities for the managed learning service market growth in the coming years. However, data privacy & security concerns and resistance to change traditional learning methods hamper the growth of the market.
Key Takeaways
The trend of increased adoption of e-learning and digital learning platforms represents a significant shift in the way organizations approach training and development, consequently impacting the managed learning service (MLS) market. With the proliferation of digital technologies and the rise of remote work arrangements, there has been a surge in demand for flexible, accessible, and scalable learning solutions. E-learning platforms offer advantages such as anytime, anywhere access to training materials, self-paced learning modules, and interactive multimedia content, catering to the diverse learning preferences of modern learners. Managed learning service providers leverage this trend by offering comprehensive e-learning solutions tailored to the specific needs of their clients. They facilitate the selection, implementation, and management of e-learning platforms, as well as the development of custom content and learning pathways.
In addition, MLS providers have integrated advanced features such as gamification, virtual classrooms, and AI-driven adaptive learning algorithms to enhance engagement and effectiveness. This trend enables organizations to overcome traditional training barriers such as geographical constraints & scheduling conflicts and empowers them to achieve greater efficiency, cost-effectiveness, & learner satisfaction in their training initiatives. As a result, MLS providers are strategically positioning themselves to capitalize on the growing demand for e-learning solutions and play a pivotal role in driving innovation & transformation in the learning and development landscape.
The integration of artificial intelligence (AI) and machine learning (ML) in learning analytics presents significant opportunities for the managed learning service industry. By leveraging AI and ML technologies, MLS providers enhance the effectiveness, efficiency, and personalization of learning experiences for individuals and organizations. These technologies enable the analysis of vast amounts of learner data to identify patterns, preferences, and learning gaps, allowing MLS providers to tailor training programs to meet specific needs. AI-powered recommendation engines suggest relevant courses and resources based on individual learner profiles and performance metrics, creating a more engaging and targeted learning journey.
In addition, ML algorithms predict future learning trends, anticipate skill demands, and optimize course content & delivery methods in real-time. By harnessing the power of AI and ML in learning analytics, managed learning service industries drive innovation, improve learning outcomes, and stay ahead in an increasingly competitive and dynamic market landscape.
The global managed learning service market is segmented into type, enterprise size, delivery mode, industry vertical, and region. By type, the market is classified into sourcing external training, L&D administration, supplier management, and others. By enterprise size, it is bifurcated into small & medium enterprises and large enterprises. Depending on delivery mode, it is fragmented into distance learning, instructor-led training, and blended learning. By industry vertical, the market is categorized into BFSI, consumer goods & retail, telecommunication & IT, healthcare, education, and others. Region wise, it analyzed across North America, Europe, Asia-Pacific, and LAMEA.
[ENTERPRISESIZEGRAPH]
By enterprise size, the global managed learning service market size was dominated by the large enterprises in 2022 and is expected to maintain its dominance in the upcoming years, owing to technological advancements in online platform and integration of managed learning service with AI to transform learning solution. However, the small and medium enterprises segment is expected to witness the highest growth in the coming years due to rise in digitalization and internet penetration across the globe.
[REGIONGRAPH]
By region, North America dominated the managed learning service market size in 2022. The increase in investments in advanced technologies such as AI and cloud services to improve businesses and customer experiences is expected to drive growth in the market in this region. However, Asia-Pacific is expected to exhibit the highest growth during the forecast period. This is attributed to an increase in penetration of digitalization and higher adoption of connected technology.
The key players operating in the managed learning service industry are TTA (The Training Associates), Wahoo Learning, G-Cube, GP Strategies Corporation, Infopro Learning, Inc., NIIT (USA), Inc., Schouten Global, Capita Plc., Learning Tree International, Inc., Hemsley Fraser Group Ltd., TTEC Holdings, Inc., and QA. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the managed learning service market globally. For instance, in August 2023, TTEC Holdings, Inc. launched a new offering to help organizations more easily consume Amazon Web Services (AWS) AI and machine learning (ML) capabilities. This offering, TTEC Digital Contact Center Intelligence powered by AWS, enables customers to add AI capabilities to their existing contact center infrastructure without technology replacements or major infrastructure upgrades.
Key Market Segments
Key Market Players