Corporate Training Market by Product and Geography - Forecast and Analysis 2021-2025
- Published: Aug 2021
- Pages: 120
- SKU: IRTNTR41392
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The corporate training market has the potential to grow by USD 40.21 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.97%.
This corporate training market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (technical training and non-technical training) and geography (North America, Europe, APAC, South America, and MEA). The corporate training market report also offers information on several market vendors, including Adobe Inc., Cisco Systems Inc., City and Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley and Sons Inc., NIIT Ltd., Skillsoft Ltd., and Wilson Learning Worldwide Inc. among others.
What will the Corporate Training Market Size be in 2021?
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Corporate Training Market: Key Drivers and Trends
Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The emergence of cost-effective e-learning training modules is notably driving the corporate training market growth, although factors such as budgetary concerns may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the corporate training industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
This corporate training market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Corporate Training Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Adobe Inc.
- Cisco Systems Inc.
- City and Guilds Group
- D2L Corp.
- Franklin Covey Co.
- GP Strategies Corp.
- John Wiley and Sons Inc.
- NIIT Ltd.
- Skillsoft Ltd.
- Wilson Learning Worldwide Inc.
This statistical study of the corporate training market encompasses successful business strategies deployed by the key vendors. The corporate training market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
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.
The corporate training market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Corporate Training Market?
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43% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for corporate training in North America. Market growth in North America will be faster than the growth of the market in MEA and South America.
The presence of many MNCs and large organizations will facilitate the corporate training market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Product Segments in the Corporate Training Market?
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The corporate training market share growth by the technical training segment will be significant during the forecast period. It is expected to register a steady growth during the forecast period owing to the rising need for skilling employees on continuously evolving technologies. The growing prominence of online courses will further augment the adoption of technical training courses in the corporate training market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the corporate training market size and actionable market insights on post COVID-19 impact on each segment.
What are the Key Factors Covered in this Corporate Training Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive corporate training market growth during the next five years
- Precise estimation of the corporate training market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the corporate training industry across North America, Europe, APAC, South America, and MEA
- 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
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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.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Emergence of cost-effective e-learning training modules
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