Managed Learning Service Market Expected to Reach $9.4 Billion by 2032

According to a new report published by Allied Market Research, titled, “Managed Learning Service Market," The managed learning service market was valued at $3.6 billion in 2022, and is estimated to reach $9.4 billion by 2032, growing at a CAGR of 10.3% from 2023 to 2032.

The managed learning service industry focuses on providing comprehensive solutions for organizational learning and development needs. By leveraging technology, expertise, and tailored strategies, these services offer end-to-end management of learning programs, including content creation, delivery, assessment, and analytics. With a strong emphasis on flexibility and scalability, managed learning services cater to diverse industries and businesses of all sizes, empowering them to optimize training outcomes while minimizing administrative burdens. For instance, in March 2024, QA partnered with the Association of Apprentices (AoA). This partnership main goal to empower businesses to cultivate and nurture learning communities for their apprentices. Learners on a QA apprenticeship program is expected to become part of a vibrant learning community, benefiting from shared knowledge, experience, and networking. Such initiatives are expected to provide numerous opportunities for managed learning service market forecast.

Furthermore, key trends that drive industry growth include surge in demand for personalized learning experiences, adoption of innovative learning technologies such as AI & VR and rise of remote & hybrid work models. As organizations continue to prioritize talent development as a strategic imperative, the managed learning service industry is poised for sustained growth and evolution, facilitating lifelong learning and skill enhancement in the ever-changing global marketplace. For instance, in February 2024, Global learning and talent development provider Hemsley Fraser created a unique new management & leadership program that helps leaders and managers develop the top capabilities needed for success in today fast-changing and unpredictable work environments.

Based on industry vertical, the global managed learning service market size was dominated by the Telecommunications and IT segment in 2022 and is expected to continue this trend in the upcoming years. The telecommunication and IT sectors shifted toward digital transformation and remote work has further accelerated the demand for managed learning services. However, the education segment is expected to witness the highest growth in the upcoming years. The surge in demand for workforce development and corporate training programs contributes to the expansion of managed learning services (MLS) offerings in the education sector. Furthermore, educational institutions have adopted strategies such as product launch and partnership to deliver professional and upskilling programs to meet the evolving needs of the corporate learners. For instance, in March 2023, Moodle launched its Indian subsidiary Moodle India, which is expected to help the company tap into the growing Indian EdTech market and extend its social impact. The launch of the Indian subsidiary is projected to help Moodle improve communication and support for its established client base, faster response time to issues, and develop stronger relationships with clients.

By region, North America dominated the managed learning service market size in 2022. This is due to the increasing adoption of e-learning solutions, rising demand for employee training and development, and the need for cost-effective learning management solutions. However, Asia-Pacific is expected to exhibit the highest growth during the forecast period. This is attributed to the overarching trend of digital transformation and the growing importance of continuous learning are driving the demand for managed learning services across the region.

Key Findings of the Study

• Depending on type, the sourcing external training segment accounted for the largestmarket share in 2022.
• Based on enterprise size, the large enterprises segment accounted for the largest share in 2022.
• Based on delivery mode, the instructor-led training segment accounted for the largest share in 2022.
• By industry vertical, the telecommunications and IT segment accounted for the largest managed learning service market share in 2022.
• Region wise, North America generated the highest revenue in 2022.

The key players that operate in the managed learning service market analysis 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 players have adopted various strategies to increase their market penetration and strengthen their position in the managed learning service industry. For instance, in April 2021, TTEC Holdings, Inc. partnered with the NXT Generation Training, to deliver TTEC's patent pending Humanify DEI+ BOT. This innovative AI-enabled solution is focused on diversity education and trains learners on empathy, communication bias, and inclusion.