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The US compliance training market size for financial institutions is forecast to increase by USD 1.68 billion, at a CAGR of 16.82% between 2023 and 2028. One of the key factors driving the market growth is the emergence of cost-effective e-learning training modules. Financial institutions in the US are prioritizing the development of their workforce to adapt to technological improvements and changing business needs. Employees in this sector require updated skills to comply with rules and regulations, particularly in areas such as cyber security, diversity, and code of conduct and ethics. The increasing use of internet infrastructure, smart devices, and cloud computing has driven the demand for online training solutions.
Small and medium enterprises (SMEs) and large organizations alike are investing in new solutions to meet the complexities of their businesses, including SMAC technology, enterprise resource planning, and trade analytics and long-term solutions. Compliance training in areas like sexual harassment and cyber security is essential for all employees, regardless of their role or organization size. Driving factors include the increasing reliance on external talent and the need to keep up with laws and regulations. MNCs and legacy systems also necessitate compliance training to ensure smooth operations in areas like supply chain management, transport management systems, and centralized data storage. Offline training is still used, but online solutions offer greater flexibility and accessibility.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Courses
7 Market Segmentation by Delivery Mode
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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