LXP Platforms Market Scope
An LXP is a learning and cooperative platform that puts the training within the hands of the learner instead of an administrator. The goal is to interact staff with the platform and also the content employing customized user expertise. A learning expertise platform (LXP) is AN AI-driven peer learning expertise platform delivered victimization software system as a service (SaaS). LXPs was born out of a brand new approach to company learning platforms, addressing perceived shortcomings with learning management systems (LMS).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Degreed (United States), Valamis (Finland), Edcast (United States), Pathgather (United States), Cornerstone (United States), 360Learning (United States), Docebo (Canada), Continu Inc. (United States), Learn Amp (United Kingdom) and Rallyware (United States) |
CAGR | % |
In 2019, Degreed, one of the leading providers of Learning Experience Platforms, announced its acquisition of Adepto, a London-based provider of contract and gig work systems. The acquisition will add enhanced skills inventories, on-the-job development experiences, and career mobility to industry-leading learning experience platforms. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global LXP Platforms market throughout the predicted period.
Degreed (United States), Valamis (Finland), Edcast (United States), Pathgather (United States), Cornerstone (United States), 360Learning (United States), Docebo (Canada), Continu Inc. (United States), Learn Amp (United Kingdom) and Rallyware (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Intellum Platform (United States), NovoEd (United States) and Knolyx (Romania).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global LXP Platforms market by Type , by Application (Healthcare, BFSI, Chemical, Construction, Education and Others) and Region with country level break-up.
On the basis of geography, the market of LXP Platforms 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). North America region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In 2020, KloudLearn, the innovator in Autonomous Learning Solutions, launched Learning Experience Platform (LXP). KloudLearn LXP delivers a highly engaging and personalized corporate training experience offering the contextualized, transparently tracked, and (in some cases) authenticated.
In March 2021, Wisetail, the leader in learning management systems that build companies into communities, today announced the launch of its new website and Learning Experience Platform (LXP). The new website was designed with the customer in mind, featuring a more modern, community-focused look and feel with bright, inviting colors and an intuitive layout. With the new LXP, Wisetail will continue its mission of helping its customers create better business outcomes by increasing engagement and learning—anytime, anywhere
Influencing Trend:
Integration of Artificial Intelligence with the Software for Efficient Tracking and Content Allotment
Market Growth Drivers:
Rising Demand for the Personalised and Contextualised Learning Experience for the Employee or Students and Increasing Involvement of the Organisations in Developing the Culture of Learning
Challenges:
Less Awareness About the LXP (Learning Experience Platform)
Restraints:
Complex Infrastructure and Setup Costs
Opportunities:
Rising Demand for the Learning Space in Aerospace and Medical Institutions for Developing Trained Minds and Increasing Digitization of Corporate Firms
Key Target Audience
LXP Platforms Software Provider, Software Developer, Research Institutes, End-User Industry and Others