LATAM LMS-Frontline Worker Training Market - Forecast(2020 - 2025)

Report Code: EDU 0016 Report Format: PDF + Excel (Delivery in 48 Hrs)
LATAM LMS-Frontline worker training market is anticipated to reach $228.19 million by 2025 with a CAGR of 14.25% in the Forecast period 2020-2025. Owing to the growing need of enhancing the skill sets of front line workers to provide better performance in their current positions and also in meeting the need for higher level skills to support higher value-added activities in the economy thereby moving up the organization. More over Stringent Government regulations and initiatives regarding worker training in Latin America and emergence of gamification on a Learning Management System for worker training will accelerate the market in the forecast period. Additionally, the recent trends of globalization and consistent improvements in corporate competencies are some of the key factors attributing to the growth of the Latin America LMS-Front line worker training market.

Report Coverage
The report: “LATAM LMS- Front line Worker training Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the LATAM LMS-Frontline worker training market

By Module Type: Collaborative Learning, Content Management, Talent Management, Performance Management, Assessment & Testing, Others 
By Ecosystem: Equipment Providers, Hosting Service Providers, Colocation Providers, Authoring Tool providers, Others 
By End User: Information Technology, Healthcare, Biopharma, Transport, Retail, Manufacturing, Government & Defense, Telecom, Food and Beverage, Hospitality, Others  
By Geography: Brazil, Argentina, Chile, Colombia, Mexico 

Key Takeaways
  • Collaborative learning in LMS-frontline worker training market is anticipated to grow at a CAGR of in the forecast period 2020-2025 as this method of learning help learners to work effectively as a team by allowing them to access prior knowledge, recall information and practise communication skills.
  • Retail Segment is expected to grow at a highest CAGR of 17.46% during the forecast period. In this industry, LMS-frontline training helps the employees to handle clients by providing the necessary information about new products or services. 
  • Brazil dominated the market by a market share owing to the high presence of presence of manufacturing industries alongside the wide usage of Learning Management System for the front line worker training is analyzed to impact on the significant market share held by the country.
  • LATAM LMS-Frontline worker training top 10 companies include Blackboard Inc., Oracle Corporation, Kenexa (IBM), Adobe Captivate Prime, CROSS KNOWELDGE, CANVAS LMS, D2L, cornerstone, Latitude Learning, SABA

By Module Type- Segment Analysis 
Collaborative learning in LMS-frontline worker training market is anticipated to grow at a CAGR of 15.54% in the forecast period 2020-2025. This process of Learning is an e-learning approach where each individual is able to socially interact with other individual, as well as instructors in essence to expand their knowledge of a particular subject or skill. Similarly, this method of learning help learners to work effectively as a team by allowing them to access prior knowledge, recall information and practise communication skills. At a high level, collaboration is seen as a soft-skill – a fundamental piece of good teamwork that has a nebulous effect on accelerating the training program. It also helps in identifying and eliminating hidden factory processes that lead to inefficient practices. Many regions including Brazil, Argentina, Mexico, Chile, Colombia and others across the Latin America have opted for Collaborative ELearning methods to train their employee over individual pace learning. Similarly, several companies in these regions have initiated collaborative learning in training programs. For instance Toyota follows fourteen core management principles of Collaborative learning that help improve processes and leverage employee creativity. Hence these kind of advantages in collaborative learning will enhance the market for LMS-frontline worker in the forecasts period 2020-2025. 

By End User - Segment Analysis
The Retail Segment is expected to grow at a highest CAGR of 17.46% during the forecast period. In this industry, LMS-frontline training helps the employees to handle clients by providing the necessary information about new products or services. Additionally, effective product training helps employees in this sector know about new products and latest market updates. Training frontline retail associates not only enhances customer service; it also can help improve employee engagement and lower turnover. According to the report given by IPSOS, 75% of retail employees believe training can help them develop new skills and grow their careers. Moreover several retail companies has invested heavily to train their frontline workers. For instance, Walmart Academy is a dedicated two- to six-week training program based in Walmart stores that trains associates in high level retail skills and helps them to advance further along their career pathway. Similarly, The Container Store offers first-year full-time employees 263 hours of training as well as regular development opportunities with advanced LMS techniques. Hence these kinds of developments are analyzed to drive the market for LATAM-LMS frontline worker training market in retail sector in the forecast period 2020-2025.

By Geography - Segment Analysis
Brazil dominated the market by a market share of more than 37% in 2019, as it is a developed economy whose GDP is majorly dependent on the manufacturing sector including transportation, industrial, medical and healthcare and so on. Owing to the high presence of presence of manufacturing industries alongside the wide usage of Learning Management System for the front line worker training is analyzed to impact on the significant market share held by the country. With the rapid growth several companies in Brazil have initiated several training programs to their workers through several advanced learning techniques. For instance, FIAT S.P.A in Brazil has invested heavily for a massive training program for their employees including front line workers with advanced eLearning methods. Adding up to this the government of the country also made several rules and regulations to initiate compulsory training programs to the workers in the country. Hence these developments are analyzed to drive the market for LMS- Front line worker training in the forecast period 2020-2025.

Drivers – LATAM-LMS Frontline Worker Training Market

  • Growth in Adoption of e-Learning Platform by several industry verticals
Web-based learning platforms have witnessed rapid growth, among the service industry verticals in particular, owing to the easy and flexible learning options. With these flexible learning options several companies are planning to create training programs to their front-line workers with heavy investment expected in the short term. From 2017 Konecta Group, an IT industry in Argentina, has started providing personal and professional development opportunities outside of standard training programs, including career planning to their front-line workers. Similarly, 3M manufacturing company has been announcing several training programs in several regions of Latin America to train their front-line employees to accelerate their business. Hence these kind of training programs are analyzed to drive the market for LATAM-LMS Front-line Worker Training in the forecast period 2020-2025.

  • Viral Out brakes such as Corona and other viruses helps in assisting the market growth
Several industries these days are preparing for business interruptions owing to wide spread of viruses such as Corona virus. With the wide spread of these viruses, industries in LATAM have been taking several tactical steps to protect the front line workers by establishing and expanding virtual live learning.  They have adopted digital learning tools, which have replaced non tool based training in many sectors. The adoption of these tools in the short is set to have lasting impacts with little switchback to non-tool based training in the future. The use of interactive tools such VR in front line worker training helps to engage the workers in learning the things easily and effectively during the training session from anywhere. Hence these advantages will drive the market in the forecast period 2020-2025.

Challenges – LATAM-LMS Frontline Worker Training Market
 
  • High Cost required for LMS Subscription 
The high Cost required for learning platform Subscription, especially for enterprises with huge work force is limiting their adoption. The average cost required for Subscription of LMS Platforms is more than $30 per user per month and the annual licensing fees can be more than 20–25 percent of the initial cost. As huge number of frontline workforce are present in industries such as Manufacturing, Healthcare and Retail sector, so these higher subscription cost becomes an increasing burden for the industries. These industries are thus preferring to utilize non-tool based training, particularly OTJ training in its stead thus limiting the LMS adoption. Hence these high cost subscriptions effect the market growth in the forecast period 2020-2025.

Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the LATAM LMS-Frontline worker training market. In 2019, the market of LATAM LMS-Frontline worker training industry outlook has been consolidated by the top five players accounting for 55% of the market share.  LATAM LMS-Frontline worker training top 10 companies include Blackboard Inc., Oracle Corporation, Kenexa (IBM), Adobe Captivate Prime, CROSS KNOWELDGE, CANVAS LMS, D2L, cornerstone, Latitude Learning, SABA among others.

Acquisitions/Technology Launches
  • In October 2018, D2L launched its Magenta Release which lets students around the world get structured and meaningful feedback on any learning activity, helping to improve their learning outcomes.
  • In February 2020, Cornerstone has acquired Saba to complement its base of learning and skills development products which makes talent experience software

1. LATAM LMS - Front Line Workers Training - Market Overview
    1.1 Definitions and Scope
2. LATAM LMS - Front Line Workers Training - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by type 
    2.3 Key trends segmented by geography
3. LATAM LMS - Front Line Workers Training – Start Up Scenario
    3.1 Top 10 startup company analysis by
        3.1.1 Investment
        3.1.2 Revenue
        3.1.3 Market Share
        3.1.4 Market Size and Application Analysis
        3.1.5 Venture Capital and Funding Scenario
4. LATAM LMS - Front Line Workers Training – Industry Market Entry Scenario Premium
    4.1 Regulatory Framework Overview
    4.2 New Business and Ease of Doing business index
    4.3 Case studies of successful ventures
    4.4 Customer Analysis – Top 10 companies Investment
5. LATAM LMS - Front Line Workers Training - Market Forces
    5.1 Market Drivers
    5.2 Market Constraints
    5.3 Market Opportunities
    5.4 Porters five force model
        5.4.1 Bargaining power of suppliers
        5.4.2 Bargaining powers of customers
        5.4.3 Threat of new entrants
        5.4.4 Rivalry among existing players
        5.4.5 Threat of substitutes
6. LATAM LMS - Front Line Workers Training – Sales Analysis
    6.1 Sales Conversion Rates
        6.1.1 Leads
        6.1.2 Closing
    6.2 Sales Cycle
        6.2.1 Monthly
        6.2.2 Quarterly
        6.2.3 Annually
    6.3 Sales Channel
        6.3.1 Direct
        6.3.2 Resellers
        6.3.3 System Integrators
        6.3.4 Distributors 
        6.3.5 Others
    6.4 Customer Acquisition Cost
    6.5 Quality Lead Cost
    6.6 Aggregators
    6.7 On-line Stores
    6.8 App Stores
7. LATAM LMS - Front Line Workers Training – Performance Assessment
8. LATAM LMS - Front Line Workers Training Market – Capability Gap Analysis
9. LATAM LMS - Front Line Workers Training Market - By Geography (Market Size - $Billion)
    9.1 Brazil
    9.2 Argentina
    9.3 Chile
    9.4 Colombia
    9.5 Mexico
10. LATAM LMS - Front Line Workers Training Market- Entropy
11. LATAM LMS - Front Line Workers Training Market Company Analysis
    11.1 Market Share, Market Positioning, Company Revenue, Products, M&A, Developments
    11.2 Company 1
    11.3 Company 2
    11.4 Company 3
    11.5 Company 4
    11.6 Company 5
    11.7 Company 6
    11.8 Company 7
    11.9 Company 8
    11.10 Company 9
    11.11 Company 10 and more
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