The learning experience platform or LXP is software for consumer-grade learning designed to create personalized learning experiences. By combining learning content from different sources, recommending and delivering it across digital touchpoints, such as desktop apps, mobile learning apps, and others, support artificial intelligence (AI).
MARKET SCOPE
The "Global Learning Experience Platform Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the learning experience platform market with detailed market segmentation by learning type, enterprise size, and geography. The report provides key statistics on the market status of the leading learning experience platform market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on learning type, the global learning experience platform market is segmented into self-paced, instructor-led, and others.
- On the basis of enterprise size, the market is segmented into SMEs and large enterprises.
MARKET DYNAMICS
Drivers:
- An LXP offers users, typically employees at large companies, a personalized, social, online learning experience. An LXP helps staff discover learning opportunities, provides ways to improve them and manages all their learning. Also, by making data the focus of the learning & development (L&D) of an enterprise, LXPs allows businesses to drive digital disruptions across the workforce more effectively.
- LXPs can proactively identify learning needs and deficiencies and define learning strategies to bridge gaps by tapping into existing environments' data and capabilities and supplementing them with newer capabilities such as AI and data analytics.
Restraints:
- Data privacy issues may hinder the growth of the learning experience platform market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The learning experience platform market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the learning experience platform market in these regions.
IMPACT OF COVID-19 ON LEARNING EXPERIENCE PLATFORM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the learning experience platform market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from learning experience platform market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the learning experience platform market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 360Learning
- Absorb LMS Software Inc.
- Auzmor
- Axonify Inc.
- Bridge
- Cornerstone
- Degreed, Inc.
- Netex Knowledge Factory
- Rallyware, Inc.
- Udemy Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.