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Growing Adoption of Hybrid and Remote Work Culture Among Organizations Creating Need for Managed learning Services: Fact Report
ROCKVILLE, MD, UNITED STATES, January 29, 2025 /EINPresswire / -- According to a new
industry report compiled by Fact, a
market research and competitive intelligence provider, valuation of the worldwide managed learning services market is approximated to touch US$ 3 billion in 2024 and increase at a CAGR of 11.6% between 2024 and 2034.
Virtual learning solutions are becoming more necessary as work environments shift to remote and hybrid settings. Therefore, managed learning services are becoming increasingly popular globally. This need is satisfied by managed learning service providers who provide affordable online training platforms for online instruction and material dissemination.
These platforms function well for providing employees with the chance and capacity to receive better training wherever they are. By facilitating seamless learning experiences for distributed teams, MLS providers assist businesses in maintaining productivity and ongoing competency development in a flexible work environment.
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North America is analyzed to hold a leading position in the global market over the projection period due to its strong corporate sector. Widespread use of digital technology and a focus on employee training and development are driving the market growth in the region. The market is positively impacted by the existence of well-known MLS providers as well as advancements in AI, machine learning, and data analytics.
Key Takeaways from Market Study
The market for managed learning services is forecasted to reach US$ 8.96 billion by the end of 2034 market in North America is projected to rise at a noteworthy CAGR of 12.1% from 2024 to 2034.
East Asia is estimated to generate a turnover of US$ 2.66 billion by 2034-end in South Korea is evaluated to increase at a 13.5% CAGR over the next ten years North America, the market in the United States is approximated to reach a value of US$ 574.46 million in 2024.
Demand from the BFSI industry is analyzed to reach US$ 3.08 billion by the end of 2034By service, the learning administration segment is projected to account for 30.5% global market share in 2024.
“To appeal to several sectors, prominent managed learning service providers are focusing on broadening their product offerings, such as end-to-end learning solutions, which include learning analytics, technology integration, and content creation,” says a Fact analyst
Requirement of Managed Learning Services Increasing in the BFSI Sector
Demand for managed learning services is increasing in the BFSI Sector due to stringent regulatory compliance. Therefore, there is a growing need for training and staff upskilling services in this industry. Professionals in the BFSI sector need to get continuous training on topics, such as cybersecurity, digital banking, financial regulations, and others because of the industry's strict regulations and continuous technological advancements.
In the BFSI industry, managed learning services are becoming more popular due to their tailored training programs, which assist businesses in this industry with compliance, operational efficiency, and other aspects.
The market is growing as remote and hybrid work cultures gain popularity.
The shift to remote and hybrid work settings is increasing the need for virtual learning solutions, according to a research of the managed learning services sector. As a result, managed learning services are becoming more and more well-liked globally. This need is satisfied by managed learning service providers who provide affordable online training platforms for online instruction and material dissemination.
These platforms work well for providing employees with the chance and capacity to receive the greatest training wherever they are. By facilitating seamless learning experiences for distributed teams, MLS providers assist businesses in maintaining productivity and ongoing competency development in a flexible work environment.
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Country-specific Perspectives
Because of its highly developed corporate sector, North America is expected to have a dominant position in the global managed learning services market in 2024, with a projected 30.8% market share. Additionally, the region's market is growing due to widespread digital use and a significant focus on employee development and education.
The industry is benefiting from the existence of well-known MLS providers as well as the advancements in AI, machine learning, and data analytics. In addition, the need for managed learning services is being fueled by compliance training in key areas such as technology, healthcare, and finance.
The ongoing integration of the newest technologies, including data analytics, artificial intelligence, and machine learning, is giving the US industry a promising view for the ensuing decade. Training programs are becoming more efficient, effective, and customized as a result. These technologies allow businesses to assess the outcomes of training programs, tailor learning experiences to match the requirements of each individual, and track learner progress in real time, among other things.
Explore More Studies Published by Fact Research:
Managed Network Services Market In 2023, the managed network services market will be worth US$70.87 billion. The demand for managed network services is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2033, reaching a market value of US$ 154.44 billion by the end of 2033.
Managed Services Market In 2024, managed services are expected to generate US$302.11 billion in revenue worldwide. By the end of 2034, the managed services industry is expected to have grown to a size of US$ 611.17 billion, with a 7.3% compound annual growth rate.
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