About Learning Experience Platform Software
Learning experience platforms, commonly referred to as LXP or LEP, are corporate learning tools used by HR. Companies may provide their employees individualised and simple learning experiences through this. A learning experience platform (LEP) is a computer programme that aims to give students access to a wider variety of training materials while also giving them a more tailored learning environment than they would generally receive from a Learning management system. It has features intended to improve the effectiveness of training programmes and places a strong importance on the user experience. Learning experience platforms (LEP) are peer learning platforms powered by Artificial intelligence that are offered through software as a service. LEP were created as a result of an innovative approach to corporate learning platforms that addressed assumed weaknesses in learning management systems (LMS).
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The companies are evaluating the market by using their preferred strategies, which include mergers and acquisitions, expansions, investments, the launch of new services, and collaborations. To gain a competitive edge through synergies, the players are moving into new geographies through acquisitions and expansions. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Learning Experience Platform Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Axonify (United States), Grovo (United States), Workday (United States), Degreed (United States), Open Sesame (United States), Rally ware (United States), Knolyx (Europe.), Udemy (United States), Coursera (United States), Everwise (United States) and Hive Learning (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are GlassFrog (United States), Classtime (Australia) and Bridge (Australia).
AMA Research has segmented the market of Global Learning Experience Platform Software market by Type (Cloud Based and Web Based) and Region.
On the basis of geography, the market of Learning Experience Platform Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise, the sub-segment i.e. Large Enterprises will boost the Learning Experience Platform Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Corporate will boost the Learning Experience Platform Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
0n 24 June 2022 Degreed acquires talent academy platform Learn In. Degreed a global innovator in professional lifelong learning has announced the acquisition of talent academy platform Learn In. This acquisition will help companies in improving internal talent academies that combine all the resources required for training a highly talented workforce, including the more time-consuming process of developing deep competence, according to a statement.
On 5 April 2022 Udemy Launches in South Korea, Expanding its Global Footprint. The popular internet learning and teaching platform Udemy has partnered with the Korean Woongjin ThinkBig AI education firm. With the help of this partnership, the business's global reach will grow as more Korean students, teachers, and businesses will have access to Udemy and its corporate learning solution, Udemy Business. The focus on education and ongoing learning in Korea makes it an important market for Udemy. For local students and businesses, Udemy provides the most recent technical, business, and personal development courses that are well-liked in Korea and around the world.
- Explore New Learning Occasions and Creates More Personalized Learning Skills.
- Growing Awareness About Learning New Skill in Youth.
- Chat With Learner and Understand the Learner
- Employees And Students Are Getting Training and Education from eLearning Industry.
- Growing Demand Due to The Increasing Response for Technology-Enabled Teaching and Training.
- The Demand for Professional Courses Is Increasing
- Low Quality Technology and Teaching Effect on It
- Poor infrastructure
- Technical Issues in Software or Platform
- Lack Of Motivation in Students
- Some Students Left Platform
Key Target AudienceDeveloper, Corporate Bodies, Student, Collage and institute and Government Bodies
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.