New York, NY, May 05, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Learning Experience Platform (LXP) Market By Learning Type (Self-Paced, Instructor-Led and Others), By Deployment Mode (Cloud-based and On-premises), By Enterprise Size (Large Enterprise, and Small & Medium Enterprise), and By End-user (Academic, and Corporate): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026”.
“According to the research report, the global Learning Experience Platform (LXP) Market was estimated at USD 508.5 Million in 2020 and is expected to reach USD 2186.4 Million by 2026. The global Learning Experience Platform (LXP) Market is expected to grow at a compound annual growth rate (CAGR) of 25.3% from 2020 to 2026”.
Learning Experience Platform (LXP) Market: Key Market Insights Overview
The learning experience platform is a consumer-grade learning platform that assists users to explore new learning opportunities and creates more personalized learning experiences. By integrating learning contents from various sources, suggesting and deploying them through digital touchpoints, such as desktop applications, mobile learning apps, and others, with the aid of artificial intelligence. The learning experience platform is an updated version of the learning management system that vastly improves and strengthens existing organizational learning systems. LXP is a socially inclusive and highly insightful online platform. LXP is the superior option for organizational learning as corporate learning has continued to grow. LXPs can include and coordinate a wide range of content. Learners have more options than ever before when it comes to their learning interests. This platform has the advantage of being able to be seamlessly incorporated into any existing platform, which enhances the user experience.
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- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
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- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of table & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
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Key Questions Answered in this Report
1) What was the pre and post-business impact of COVID-19 on the Learning Experience Platform (LXP) Market?
2) What is the market size, share of the Learning Experience Platform (LXP) Market?
3) Who are the top market players in the Learning Experience Platform (LXP) Market?
4) What will be the future market of the Learning Experience Platform (LXP) Market?
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Learning Experience Platform (LXP) Market: Industry Major Market Players
- Lessonly Inc
- EdCast Inc.
- Axonify Inc.
- Degreed Inc.
- ScienceSoft USA Corporation
- Origin Fractal LXP
- Learn Amp
- Tovuti LMS
- Rallyware Inc.
- Thrive Learning
- Learning Tribes
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Skills-based learning, usage-based recommendations, AI-based content analysis are the features of LXP that are driving the market growth. Some of the world’s most prominent businesses, including SAP, Microsoft, and Comcast, are currently using LXPs to train their employees. The new systems have a range of advantages over traditional LMSs, and those advantages translate into real-world business outcomes. People could use LXP to quickly find related data and integrate it to a job-related issue. Employees become more active as a result of this, and information retention increases.
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Growth of Internet and Mobile Technologies
According to a survey, the number of smartphone users worldwide increased to 5.19 billion in January 2020, resulting in an increase in mobile data use. In 2020, the mobile data traffic value globally was 40.77 exabytes per month from 28.56 exabytes per month in 2019. Certain factors are increasing the market for online learning. The market is expanding due to the rising demand for technology-enabled teaching and training. The availability of course materials for educating and preparing students or workers has increased dramatically in recent years. Employees and students are receiving training and education from eLearning industry leaders in collaboration with content providers. The consumer demand is being driven by the versatility of learning from remote locations. For instance, Aula Education Ltd, a London-based company provides a learning experience platform for higher education. Moreover, rapid technological change and disruptive technologies have created a huge demand for upskilling and reskilling in order to remain competitive in the job market. As a result, the demand for professional courses through an e-learning platform has grown tremendously. Henceforth certain factors are boosting the learning experience platform market growth significantly.
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North America Region Dominates the Global Learning Experience Platform (LXP) Market
With the emergence of edtech businesses across the United States, North America is dominating market growth. Moreover, increased capital spending in edtech firms in cities such as New York, Washington DC, Texas, and Massachusetts, among others, increased demand throughout the United States. The presence of numerous colleges and universities, as well as significant government spending on technology, will amplify business development in the United States. Moreover, growing preferences for digital learning platforms, the adoption of bringing your own device policies and enterprise mobility, the usage of machine learning and artificial intelligence in various organizations, and government initiatives to promote learning management system growth are all factors that will likely boost the growth of the North American learning experience platform market in the coming years. On the other hand, rising demand for gamification, as well as the adoption of cloud-based services by businesses, would provide significant growth opportunities for the North American market during the forecast period. As a result, North America is a major contributor to market growth. Europe holds the second-largest position in this market owing to its developments. Citing an instance, Filtered, a UK edtech player, announced the launch of a learning experience platform in November 2020, combining its market-leading content intelligence and suggestions with more conventional LXP functionality. The platform can assist businesses in dealing with content overload and aligning skills-based learning with organizational goals. Again, THRIVE LXP, an England-based company announced two new learning experience product integrations in August 2020. LinkedIn Learning’s first-ever integrated auto curation integration with any learning tool and Microsoft Teams, allowing users and admins to easily share learning content across their business. Thereby, certain initiatives are expected to boost market growth. Asia Pacific is anticipated to register the fastest growing CAGR during the forecast timeframe owing to a surge in the adoption of electronic-based educational technology among large and medium-sized organizations.
Browse the full “Learning Experience Platform (LXP) Market By Learning Type (Self-Paced, Instructor-Led and Others), By Deployment Mode (Cloud-based and On-premises), By Enterprise Size (Large Enterprise, and Small & Medium Enterprise), and By End-user (Academic, and Corporate): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/learning-experience-platform-lxp-market
The global learning experience platform (LXP) market is segmented as follows:
Learning Experience Platform (LXP) Market: By Learning Type
Learning Experience Platform (LXP) Market: By Deployment Mode
Learning Experience Platform (LXP) Market: By Enterprise Size
- Large Enterprise
- Small Enterprise and Medium Enterprise
Learning Experience Platform (LXP) Market: By End User
KEY REPORT POINTERS & HIGHLIGHTS:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable Segments and Sub-segments of the Market
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
- Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
- Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
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