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.

  • The emergence of cost-effective e-learning training modules will fuel the growth of the corporate training market size.
  • Organizations are increasingly adopting innovative and cost-effective ways to train their employees.
  • The transition of organizations from conventional training to e-learning helps them in saving employees' working hours, and it is convenient to maintain, update, and store information more 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.
  • The growing popularity of online learning has helped employees in saving their time and money in reskilling themselves, unlike enrolling in conventional training sessions conducted in corporations that consume more time in addition to the regular working hours. 
  • The growing popularity of mobile-based training will drive the corporate training market growth during the forecast period.
  • Companies are trying to gain maximum advantage from the adoption of mobile devices to conduct training.
  • Vendors have realized the need for a mobile learning strategy and have come up with responsive design tools that will enhance employee experience in terms of accessibility and visibility.
  • Mobile devices are packed with features such as learning management systems (LMS) accessibility, enabling employers to deliver corporate training modules that can be completed in a self-paced manner.
  • The mobile-based corporate training approach reduces the dependency on time and place to participate in training sessions. 

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.

 

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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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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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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The corporate training market growth will increase by $39.36 billion during 2019-2024.
The corporate training market is expected to grow at a CAGR of 7.83% during 2019-2024.
Technavio has segmented the corporate training market by product (Technical training and Non-technical training) and geographic (North America, Europe, APAC, South America, and MEA).
Adobe Inc., Cisco Systems Inc., City & Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley & Sons Inc., NIIT Ltd., Skillsoft Ltd., Wilson Learning Worldwide Inc. are a few of the key vendors in the corporate training market.
North America will register the highest growth rate of 43.22% among the other regions. Therefore, the corporate training market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the corporate training market growth are:
  • Emergence of cost-effective e-learning training modules
The corporate training market vendors should focus on grabbing business opportunities from the technical training segment as it accounted for the largest market share in the base year.
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