ID: MRFR/ICT/0872-HCR | October 2022 | Region: Global | 100 pages
Impact of COVID-19 on the Corporate E-Learning Market
The COVID-19 pandemic has resulted in social and physical distancing, lockdowns and also quarantines. These measures have led to work-from-home and remote working practices for employees of various businesses/ corporations. This has increased the demand for as e-learning, online training and virtual communication.
The enterprises which have not used e-learning prior to the pandemic are now initiating various online training programs for the employees. Those companies which have already operated eLearning and training are now developing and experimenting various methods and courses, to prompt new online strategies such as providing self-directed learning content, activating digital learning systems, and opening massive open online course (MOOC) platforms.
Various leading players in the market have reported an increase in the downloads as well as active users on the video conferencing applications. Microsoft has disclosed an increase up to 70% from January 2020 with a total of more than 40 million daily active Skype users in March 2020. As of March 22, Zoom reported a 378% increase of daily users and a 168% increase of monthly users. Thus, growing demand for e-learning, business meetings and video conferencing is proved with the increasing numbers of Skype and Zoom users during the pandemic. As per MRFR Analysis, the global e-Learning (educational and professional) market is expected to cross USD 200 Billion by 2025.
Along with this various corporate e-learning conferences/events are also being held online instead of physical events. In March 2020, Google Cloud Next 2020 which was a three-day conference that dives deep into Google cloud technology through keynotes by top industry leaders, hands-on trainings, 500+ breakout sessions, and opportunities for networking is now scheduled online in May 2020. Microsoft has also scheduled its first digital-only Build developer conference for May 19-21 2020. Microsoft had originally planned to hold the event in Seattle but canceled in-person gatherings in March.