US Compliance Training Market in Higher Education Institutions by Type, and End-user - Forecast and Analysis 2023-2027

The compliance training market in higher education institutions market in US size is estimated to grow at a CAGR of 15.15% between 2022 and 2027 and the size of the market is forecast to increase by USD 1,389.49 million. The report includes historic market data from 2017 to 2021. It also extensively covers market segmentation by Type (offline learning and online learning) and End-user (academic staff and students). This report also includes an in-depth analysis of drivers, trends, and challenges.

Growing demand for customized courses is a key factor driving the higher education market. Each institution has unique requirements, making off-the-shelf compliance training ineffective. Therefore, higher education institutions are increasingly opting for customized training, leading vendors like Skillsoft and Campus Answers to offer tailored courses. Porzio Compliance Services designs customized courses for colleges and universities. Additionally, mobile learning adoption is on the rise due to the popularity of BYOD policies, leading vendors to offer online compliance training programs supported by mobile devices and LMS. Vendors like Porzio Compliance Services and EverFi offer online compliance training courses using gamification and interactive learning to maintain learner motivation. The market is expected to grow significantly due to such tailored courses.

The continuous need for compliance with federal regulations and the rise in the international student population are other key factors driving the market growth.

What will be the Size of the Compliance Training Market In Higher Education Institutions Market In US During the Forecast Period?

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Who are the Major Compliance Training Market in Higher Education Institutions Market in US Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ACPA - The company offers compliance training solutions such as COMPLIANCE. Also, this segment focuses on providing in-person recruitment tools, scholarships for higher education, and other services.

The compliance training market in higher education institutions market in US report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

• City and Guilds Group
• EVERFI Inc.
• LRN Corp.
• Maximus Consulting Ltd.
• Porzio Compliance Services LLC
• Skillsoft Corp.
• Vector Solutions LLC

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Market Segmentation by Type

The market share growth by the offline learning segment will be significant during the forecast period. The market by offline learning is gradually losing its market share due to the increased adoption of new formats of learning that include online learning and blended learning. This method of learning is increasingly adopted due to the rise in penetration of the Internet and the growing adoption of technology in educational institutions. The introduction of on-demand and self-paced online courses and blended learning courses using virtual classrooms and webinars also contribute to the growth of this market. The increasing adoption of gamification and interactive learning in educational institutions in the US further poses a challenge to this market.

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The offline learning segment was valued at USD 565.16 million in 2017 and continue to grow by 2021. In this segment, the market is expected to record a steady growth rate during the forecast period. Offline learning generally includes classroom-based learning where learners can interact with instructors in person. However, due to the introduction of online learning, offline courses have become monotonous. Online learning allows students to access course content according to their convenience and is also more cost-effective when compared with classroom-based courses. Therefore, the market for online learning is expected to gain prominence during the forecast period.

Compliance Training Market In Higher Education Institutions Market In US: Key Trends and Challenges

Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Trends

Microlearning, also known as bite-sized learning, is an effective platform for compliance training. This training method delivers short videos, animations, and infographics to learners in small modules, improving their understanding and retention rates. It also supports individual learning styles, allowing organizations to create content in various formats. Microlearning can be used alongside formal training sessions or as standalone activities, and its mobile-compliant materials make it suitable for self-paced learning. Organizations can deliver accurate information at their convenience using these short courses.

Challenge

One major factor impeding market growth is cuts in state budgets for college and university grants, resulting from weak state tax revenue in 2017. This led to budget deficits in many states, affecting employee salaries, pensions, and student enrollments with scholarships. Constrained state budgets may reduce funding for public colleges and universities, preventing the implementation of high-quality support systems like LMS for online training. This could result in inefficient compliance training due to insufficient infrastructure and decreased funding.

Customer Landscape

The report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. 

Global Compliance Training Market in Higher Education Institutions Market in US Customer Landscape

Segment Overview

The compliance training market in higher education institutions market in US report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Type Outlook (USD Million, 2017 - 2027)
  • Offline learning
  • Online learning
• End-user Outlook (USD Million, 2017 - 2027)
  • Academic staff
  • Students

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What are the Key Data Covered in this Compliance Training Market In Higher Education Institutions Market In US  Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the size of the market  size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across the US
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of market vendors

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