Managed Learning Services: Introduction
- Managed learning services can be viewed as a potential solution to overcome most challenges. Organizations have discovered managed learning services as a valuable solution to modernize the whole spectrum of learning and development activities and capably reduce spending.
- Managed learning services refer to the outsourced management of processes or training activities. The managed learning providers are striving to consistently enhance and strengthen their services.
- Managed learning services are learning & development activities outsourced to various service providers that carry out the end-to-end learning management and training requirements.
- Managed learning services offer a wide range of benefits such as automation of workflow, centralizing learning & development functions, selecting effective delivery methods, a clear demand plan, and performance analytics.
- A number of organizations across the globe are engaging with integrated training suppliers who automate the learning & development lifecycle due to the application of managed learning services in several industry verticals.
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Global Managed Learning Services Market: Dynamics
Global Managed Learning Services Market: Key Drivers
- The key benefit of outsourcing learning and development programs is cost savings and gain in efficiency to achieve greater competitive advantage. This outsourcing of programs helps to reduce weak links within the organization that rely heavily on others to complete basic work tasks.
- The global managed learning services market is anticipated to showcase significant growth attributed to the escalating adoption of outsourced learning services such as learning consultancy, training delivery, curriculum design & development, and rising demand for outcome-based services across the globe.
- The concept of managed learning services is still at a nascent stage in learning & development activities. Outsourcing the complete end-to-end process to a third-party dealer is observed in recruitment, payroll, & IT sectors, whereas learning & development activities are commonly outsourced depending on the requirement of the vendor.
- Moreover, poor execution of training, deficiency of expertise in training delivery, and irregularity in content delivery among other factors, are predicted to hinder the growth of the managed learning services market during the projected timeframe.
Impact of COVID-19 on the Global Managed Learning Services Market
The ongoing Covid-19 pandemic has had a significant impact on overall international trade and businesses. The Covid-19 pandemic outbreak has created disturbances in several industries that include the training & development market. Many government as well as privately held organizations have allowed their employees to work from home amid the lockdown scenario that has created an essential need for remote training services. The managed learning services market is estimated to grow and would observe a surge in demand as remote working and learning becomes the new norm during this pandemic.
North America to Account for Large Share of the Global Managed Learning Services Market
- In terms of region, the global managed learning services market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
- The Asia Pacific region is expected to grow the market at highest CAGR during the projected timeframe. The growth of the market can be attributed to booming adoption of managed learning services in several sectors that include BFSI, IT & telecom, and retail industries.
- The share of North America is expected expand in the managed learning services market over the coming years. The presence of several major managed learning services players in the region coupled with technological advancement in education technology will support the growth in market across the region.
Global Managed Learning Services Market: Competition Landscape
Industry participants and vendors in the market are forming strategic partnerships with various SMEs and large enterprises and are expected to deliver training and other learning and development activities at optimum costs. Several new players are actively looking for a chance to enter the market that will further drive the competition in the managed learning services market. Moreover, players in the market are constantly engaged in research & development activities to develop new technologies that will fulfill the requirements of customers and retain their customer base.
Key players operating in the global managed learning services market include:
GP Strategies, QA, Learning Tree International, Capita People Solutions, Infopro Learning, Hemsley Fraser Group, Schouten Global, G-Cube, TTEC, NIIT, TTA (The Training Associates), DDLS
Global Managed Learning Services Market: Research Scope
Global Managed Learning Services Market, by Type
- Sourcing External Training
- L&D Administration
- Supplier Management
- Others
Global Managed Learning Services Market, by Application
- Individuals
- SMEs
- Large Enterprises
- Others
Global Managed Learning Services Market, by Industry
- Banking, Financial Services and Insurance (BFSI)
- Consumer Goods and Retail
- Telecommunication & IT
- Healthcare
- Manufacturing
- Others
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