Europe Corporate Training Market by Product, Type and Geography - Forecast and Analysis 2023-2027
| Published: Nov 2023 | Pages: 149 | SKU: IRTNTR43294 |
Europe - Corporate Training Market Analysis Report 2023-2027
The Europe - Corporate Training market size is valued at USD 43.03 billion in 2027 with a CAGR of 7.41% from 2022 to 2027. The report includes historic market data from 2017 to 2021. It also extensively covers market segmentation by product (technical course and non-technical course), type (blended and e-learning) and geography (Western Europe, Nordic Countries, Southern Europe, Central and Eastern Europe). This report also includes an in-depth analysis of drivers, trends, and challenges.
| Analysis Period | 2017- 2027 |
| Market Size (2017) Historic Year | USD 23.02 billion |
| Market Size (2027) - Forecasted Year | USD 43.03 billion |
| Historic Opportunity (2017- 2021) | USD 5.30 billion |
| Historic CAGR | 5.32% |
| Forecasted Opportunity (2023-2027) | USD 12.93 billion |
| Market Opportunity Transformation Growth | 87% |
| Market Opportunity Capitalization | USD 18.22 billion |
Digitization of learning materials is notably driving the market growth. The adoption of cloud-based services such as corporate training and content management systems (CMS) is increasing with advances in technology. Along with the increase in technical innovations and digitization of learning material, new standards in corporate training resulted in cost reduction and increased efficiency of digital processes. The rising popularity of online learning has enabled employees to save their time and money in reskilling themselves, unlike enrolling in traditional training sessions conducted in corporations that consume more time in addition to regular working hours. Therefore, companies are launching different online corporate training, which will fuel the Europe - corporate training market during the forecast period.
What will be the size of the Europe Corporate Training Market During the Forecast Period?
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Who are the Major Europe Corporate Training Market Companies?
Companies 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.
Adobe Inc. - The company offers corporate training in job roles such as Content Author, System Architect, and System Administrator.
The corporate training market in Europe report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
- Articulate Global Inc.
- Blanchard Training and Development Inc.
- Cegos Group
- Cisco Systems Inc.
- City and Guilds Group
- Cornerstone OnDemand Inc.
- D2L Corp.
- DEMOS
- Development Dimensions International Inc.
- Franklin Covey Co.
- John Wiley and Sons Inc.
- Korn Ferry
- Learning Technologies Group Plc
- Mind Gym Plc
- NIIT Ltd.
- Richardson Sales Performance
- Skillsoft Corp.
- Wilson Learning Worldwide Inc.
- BTS Group AB
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Market Segmentation by Product
The market share growth by the technical course will be significant during the forecast period. During the forecast period, the Europe - corporate training market through technical courses is anticipated to grow steadily. Technical training refers to a process of coaching, mentoring, and teaching employees to perform technical tasks on the job more accurately and comprehensively.
Get a glance at the market contribution of various segments View PDF Sample
The technical course was the largest and was valued at USD 12,012.47 million in 2017 and continued to grow by 2021. The demand for technical courses is high in the automotive, oil and gas, and manufacturing sectors of the region. The major technical course domains in the Europe - corporate training market include training related to data science, business process management (BPM), robotics process automation (RPA), mobile and web development, and big data. Additionally, the number of small and medium-sized enterprises (SMBs) is continuously rising, fueling the growth of technical courses related to the service sector in Europe. Several emerging countries in Europe, such as Bulgaria, Poland, and Romania, are being targeted by IT giants to outsource their business activities because of the availability of cheap labor and a booming IT sector. Hence, the technical course segment is expected to grow significantly, fueling the corporate training market in Europe during the forecast period.
Corporate Training Market In Europe: Key Trends and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Trends
The emergence of IoT and wearable devices is an emerging trend shaping the market growth. Over the last few years, the corporate training industry has seen a rise in the adoption of digital solutions to implement e-learning. Wearable devices or apps are emerging as the most convenient and time-saving solutions, ranging from logging trainee attendance to monitoring their performance in an Internet-enabled room. Smart glasses, such as Google Glass, and smartwatches, such as Apple Watch, are rapidly gaining popularity among audiences and corporate trainers to create interactive and immersive learning experiences. Wearable devices, when used in collaboration with educational technologies like augmented reality (AR) and virtual reality (VR), have immense potential to create accurate, multidimensional simulations for learning and development purposes in modern organizations.
Moreover, trainees can rewind and practice sessions accordingly. Similarly, clip-on cameras are tiny badge-sized devices that can record interactions with coworkers and customers and then use them for feedback purposes. Thus, the emergence of IoT and wearable devices will fuel the growth of the corporate training market in Europe during the forecast period.
Challenge
Increasing competition from in-house training is a significant challenge hindering the market growth. Vendors operating in the Europe - corporate training market are facing a significant challenge from the unorganized sector due to favorable market conditions. Additionally, many companies offer in-house training to employees, especially in the construction, automotive, and BFSI sectors.
In addition, the majority of companies operating in these sectors have training departments, adequate marketing, and technical and managerial resources to cater to the training demands and reduce their dependency on external vendors. Thus, growing competition from in-house training can hinder the growth of the corporate training market in Europe during the forecast period
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 Corporate Training Market in Europe Customer Landscape
Segment Overview
The corporate training market in Europe report forecasts market growth by revenue and analysis of the latest trends and growth opportunities from 2017 to 2027.
- Product Outlook (USD Million, 2017 - 2027)
- Technical course
- Non-technical course
- Type Outlook (USD Million, 2017 - 2027)
- Blended
- E-learning
- Region Outlook (USD Million, 2017 - 2027)
- Europe
- Western Europe
- Nordic Countries
- Southern Europe
- Central and Eastern Europe
- Europe
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Corporate Training Market In Europe Scope |
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Report Coverage |
Details |
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Page number |
149 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.41% |
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Market growth 2023-2027 |
USD 12,929.47 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
6.65 |
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Key countries |
Western Europe, Nordic Countries, Southern Europe, and Central and Eastern Europe |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Adobe Inc., Articulate Global Inc., Blanchard Training and Development Inc., Cegos Group, Cisco Systems Inc., City and Guilds Group, Cornerstone OnDemand Inc., D2L Corp., DEMOS, Development Dimensions International Inc., Franklin Covey Co., John Wiley and Sons Inc., Korn Ferry, Learning Technologies Group Plc, Mind Gym Plc, NIIT Ltd., Richardson Sales Performance, Skillsoft Corp., Wilson Learning Worldwide Inc., and BTS Group AB |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Europe Corporate Training Market 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 market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Growth of the market across Europe
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Europe: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
4 Historic Market Size
- 4.1 Corporate training market in Europe 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on corporate training market in Europe 2017 - 2021 ($ million)
- 4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
- 4.3 Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 Technical course - Market size and forecast 2022-2027
- Exhibit 34: Chart on Technical course - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Technical course - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Technical course - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Technical course - Year-over-year growth 2022-2027 (%)
- 6.4 Non-technical course - Market size and forecast 2022-2027
- Exhibit 38: Chart on Non-technical course - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Non-technical course - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Non-technical course - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Non-technical course - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Product
- Exhibit 42: Market opportunity by Product ($ million)
- Exhibit 43: Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 44: Chart on Type - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Type - Market share 2022-2027 (%)
- 7.2 Comparison by Type
- Exhibit 46: Chart on Comparison by Type
- Exhibit 47: Data Table on Comparison by Type
- 7.3 Blended - Market size and forecast 2022-2027
- Exhibit 48: Chart on Blended - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Blended - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Blended - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Blended - Year-over-year growth 2022-2027 (%)
- 7.4 E-learning - Market size and forecast 2022-2027
- Exhibit 52: Chart on E-learning - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on E-learning - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on E-learning - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on E-learning - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Type
- Exhibit 56: Market opportunity by Type ($ million)
- Exhibit 57: Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography - 2022-2027 (%)
- Exhibit 60: Data Table on Market share by geography - 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison
- 9.3 Western Europe - Market size and forecast 2022-2027
- Exhibit 63: Chart on Western Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Western Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Western Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Western Europe - Year-over-year growth 2022-2027 (%)
- 9.4 Nordic Countries - Market size and forecast 2022-2027
- Exhibit 67: Chart on Nordic Countries - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on Nordic Countries - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on Nordic Countries - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Nordic Countries - Year-over-year growth 2022-2027 (%)
- 9.5 Southern Europe - Market size and forecast 2022-2027
- Exhibit 71: Chart on Southern Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on Southern Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on Southern Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Southern Europe - Year-over-year growth 2022-2027 (%)
- 9.6 Central and Eastern Europe - Market size and forecast 2022-2027
- Exhibit 75: Chart on Central and Eastern Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Central and Eastern Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Central and Eastern Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Central and Eastern Europe - Year-over-year growth 2022-2027 (%)
- 9.7 Market opportunity by geography
- Exhibit 79: Market opportunity by geography ($ million)
- Exhibit 80: Data Table on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 81: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 82: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 83: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 84: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 85: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 86: Matrix on vendor position and classification
- 12.3 Adobe Inc.
- Exhibit 87: Adobe Inc. - Overview
- Exhibit 88: Adobe Inc. - Business segments
- Exhibit 89: Adobe Inc. - Key offerings
- Exhibit 90: Adobe Inc. - Segment focus
- 12.4 Blanchard Training and Development Inc.
- Exhibit 91: Blanchard Training and Development Inc. - Overview
- Exhibit 92: Blanchard Training and Development Inc. - Product / Service
- Exhibit 93: Blanchard Training and Development Inc. - Key offerings
- 12.5 BTS Group AB
- Exhibit 94: BTS Group AB - Overview
- Exhibit 95: BTS Group AB - Business segments
- Exhibit 96: BTS Group AB - Key offerings
- Exhibit 97: BTS Group AB - Segment focus
- 12.6 Cegos Group
- Exhibit 98: Cegos Group - Overview
- Exhibit 99: Cegos Group - Product / Service
- Exhibit 100: Cegos Group - Key offerings
- 12.7 Cisco Systems Inc.
- Exhibit 101: Cisco Systems Inc. - Overview
- Exhibit 102: Cisco Systems Inc. - Business segments
- Exhibit 103: Cisco Systems Inc. - Key news
- Exhibit 104: Cisco Systems Inc. - Key offerings
- Exhibit 105: Cisco Systems Inc. - Segment focus
- 12.8 City and Guilds Group
- Exhibit 106: City and Guilds Group - Overview
- Exhibit 107: City and Guilds Group - Product / Service
- Exhibit 108: City and Guilds Group - Key offerings
- 12.9 Cornerstone OnDemand Inc.
- Exhibit 109: Cornerstone OnDemand Inc. - Overview
- Exhibit 110: Cornerstone OnDemand Inc. - Product / Service
- Exhibit 111: Cornerstone OnDemand Inc. - Key offerings
- 12.10 D2L Corp.
- Exhibit 112: D2L Corp. - Overview
- Exhibit 113: D2L Corp. - Product / Service
- Exhibit 114: D2L Corp. - Key news
- Exhibit 115: D2L Corp. - Key offerings
- 12.11 DEMOS
- Exhibit 116: DEMOS - Overview
- Exhibit 117: DEMOS - Product / Service
- Exhibit 118: DEMOS - Key offerings
- 12.12 Franklin Covey Co.
- Exhibit 119: Franklin Covey Co. - Overview
- Exhibit 120: Franklin Covey Co. - Business segments
- Exhibit 121: Franklin Covey Co. - Key offerings
- Exhibit 122: Franklin Covey Co. - Segment focus
- 12.13 John Wiley and Sons Inc.
- Exhibit 123: John Wiley and Sons Inc. - Overview
- Exhibit 124: John Wiley and Sons Inc. - Business segments
- Exhibit 125: John Wiley and Sons Inc. - Key offerings
- Exhibit 126: John Wiley and Sons Inc. - Segment focus
- 12.14 Korn Ferry
- Exhibit 127: Korn Ferry - Overview
- Exhibit 128: Korn Ferry - Business segments
- Exhibit 129: Korn Ferry - Key offerings
- Exhibit 130: Korn Ferry - Segment focus
- 12.15 Learning Technologies Group Plc
- Exhibit 131: Learning Technologies Group Plc - Overview
- Exhibit 132: Learning Technologies Group Plc - Business segments
- Exhibit 133: Learning Technologies Group Plc - Key news
- Exhibit 134: Learning Technologies Group Plc - Key offerings
- Exhibit 135: Learning Technologies Group Plc - Segment focus
- 12.16 NIIT Ltd.
- Exhibit 136: NIIT Ltd. - Overview
- Exhibit 137: NIIT Ltd. - Product / Service
- Exhibit 138: NIIT Ltd. - Key news
- Exhibit 139: NIIT Ltd. - Key offerings
- 12.17 Skillsoft Corp.
- Exhibit 140: Skillsoft Corp. - Overview
- Exhibit 141: Skillsoft Corp. - Business segments
- Exhibit 142: Skillsoft Corp. - Key offerings
- Exhibit 143: Skillsoft Corp. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 144: Inclusions checklist
- Exhibit 145: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 146: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 147: Research methodology
- Exhibit 148: Validation techniques employed for market sizing
- Exhibit 149: Information sources
- 13.5 List of abbreviations
- Exhibit 150: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
corporate training market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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