How Fast is the Managed Learning Services Market Growing?

The global managed learning services (MLS) market, valued at US$ 2.8 billion in 2022, is projected to surge to US$ 8.71 billion by 2033, growing at a CAGR of 11%. MLS encompasses outsourced training services, including course design, content development, delivery, and evaluation, helping companies enhance training efficiency and ROI. North America led the market with a 31.2% share in 2022, followed by Europe at 27.6%. Increasing focus on organizational training and cost-efficiency through outsourcing are key drivers of this growth. Noteworthy developments include Skillsoft's acquisition of Global Knowledge and Cornerstone On Demand's acquisition of Saba Software.