Corporate Training Market in Latin America Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Published: May 2021 Pages: 120 SKU: IRTNTR44986

The corporate training market size in Latin America has the potential to grow by USD 2.95 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 7.86%. 

This report provides a detailed analysis of the market by product (technical training and non-technical training) and application (large enterprises, medium enterprises, and small enterprises). 

Corporate Training Market Share in Latin America

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Market Competitive Analysis

The report analyzes the market's competitive landscape and offers information on several market vendors, including: 

 

  • Articulate Global Inc.
  • City & Guilds Group
  • D2L Corp.
  • Franklin Covey Co.
  • GP Strategies Corp.
  • Interaction Associates Inc.
  • Learning Technologies Group Plc
  • Miller Heiman Group Inc.
  • Skillsoft Ltd.
  • Wilson Learning Worldwide Inc.

 

The corporate training market in Latin America is fragmented and the vendors are deploying growth strategies such as developing newer and unique products to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the increased need for employee skill enhancement to achieve growth opportunities. However, factors such as lack of standardization and efficient metrics to measure the effectiveness of training programs will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the corporate training market forecast report of Latin America for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This corporate training market analysis report of Latin America also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Corporate Training Market in Latin America: Key Drivers and Trends

  • The increased need for employee skill enhancement will fuel the growth of the corporate training market size in Latin America.
  • With evolving industrial tools and dynamically changing consumer requirements, the demand for advanced skills in employees has been increasing over the past few years.
  • Many companies are increasingly encouraging their employees to opt for strategic positions in organizations by training them in non-technical skills, including leadership skills, effective hiring, time management, and teamwork skills.
  • Companies are deploying innovative training programs, including scenario-based or case-based training and simulations, to enable employees to get the hang of real-life organizational issues and train them on tricks and ways to deal with them.
  • The adoption of affordable solutions or technologies is expected to drive the growth of the corporate training market in Latin America during the forecast period.
  • Corporate training is one of the key expenses of any organization.
  • Organizations are increasingly adopting innovative and cost-effective ways to train their employees.
  • The transition from conventional training to e-learning helps organizations in saving employees' working hours, along with enabling them to maintain, update, and store information effectively.
  • Vendors are introducing solutions, technologies, systems, and courses at affordable prices to corporations buying them in bulk quantities to meet the demand of their employees.

 

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Corporate Training Market in Latin America: Segmentation by Product

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The corporate training market share growth in Latin America by the technical training segment will be significant during the forecast period. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the corporate training market size in Latin America.

 

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Key Highlights of the Corporate Training Market Report of Latin America for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive corporate training market growth in Latin America during the next five years
  • Precise estimation of the corporate training market size in Latin America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of corporate training market vendors in Latin America 

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Corporate Training Market In Latin America Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8%

Market growth 2021-2025

$ 2.95 billion

Market structure

Fragmented

YoY growth (%)

6.36

Regional analysis

Latin America and Rest of Latin America

Performing market contribution

Latin America at 100%

Key consumer countries

Brazil, Argentina, and Mexico

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Articulate Global Inc., City & Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., Interaction Associates Inc., Learning Technologies Group Plc, Miller Heiman Group Inc., Skillsoft Ltd., and Wilson Learning Worldwide Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Technical training - Market size and forecast 2020-2025
    • Non-technical training - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Large enterprises - Market size and forecast 2020-2025
    • Medium enterprises - Market size and forecast 2020-2025
    • Small enterprises - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption
    • Competitive scenario

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Articulate Global Inc.
    • City & Guilds Group
    • D2L Corp.
    • Franklin Covey Co.
    • GP Strategies Corp.
    • Interaction Associates Inc.
    • Learning Technologies Group Plc
    • Miller Heiman Group Inc.
    • Skillsoft Ltd.
    • Wilson Learning Worldwide Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • 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

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    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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    • Parent market analysis
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    • Detailed vendors report with competitive landscape
    • Covid-19 impact and recovery analysis
    • Data on revenue-generating market segments
    • Details on the market shares of various regions
    • Five-force market analysis