Corporate Training Market in US by Product, End-user, and Method - Forecast and Analysis 2021-2025

  • Published: Jan 2021
  • Pages: 120
  • SKU: IRTNTR40580
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The corporate training market size in the US has the potential to grow by USD 19.51 billion during 2021-2025, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (technical courses and non-technical courses), end-user (manufacturing, healthcare, BFSI, IT, and others), and method (blended learning, offline learning, and online learning). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Adobe Inc., Cisco Systems Inc., City & Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley & Sons Inc., NIIT Ltd., Skillsoft Ltd., and Wilson Learning Worldwide Inc.

Market Overview

Corporate-Training-Market-In-US-Market-Size-2020-2025

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Market Competitive Analysis

The market is fragmented. Adobe Inc., Cisco Systems Inc., City & Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley & Sons Inc., NIIT Ltd., Skillsoft Ltd., and Wilson Learning Worldwide Inc. are some of the major market participants. Factors such as the emergence of cost-effective e-learning training modules will offer immense growth opportunities. However, the growing prominence of MOOCs in corporate learning may impede the market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this corporate training market forecast in US report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this corporate training market analysis in US report provides 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.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • 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.

 

Corporate Training Market in US: Segmentation by Geography

Corporate-Training-Market-In-US-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis regarding the current US market scenario, latest trends and drivers, and the overall market environment. Technical courses will offer several growth opportunities to market vendors during the forecast period. The growing emphasis on flexible learning platforms will significantly influence corporate training market growth in the US.

57% of the market’s growth will originate from technical courses during the forecast period. This report provides an accurate prediction of the contribution of all segments to the growth of the corporate training market size in US.

Corporate Training Market in the US: Key Highlights of the Report 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 US during the next five years
  • Precise estimation of the corporate training market size in US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the corporate training industry in US 
  • 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 vendors in US

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Corporate Training Market In US Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10%

Market growth 2021-2025

$ 19.51 billion

Market structure

Fragmented

YoY growth (%)

9.31

Regional analysis

US

Performing market contribution

Technical courses at 57%

Key consumer countries

US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Adobe Inc., Cisco Systems Inc., City & Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley & Sons Inc., NIIT Ltd., 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

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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 $19.51 billion during 2019-2024.
The corporate training market is expected to grow at a CAGR of 10.27% during 2019-2024.
Technavio has segmented the corporate training market by product (Technical courses and Non-technical courses) ,other 1 (Blended learning, Offline learning, and Online learning) , and geographic (US).
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.
US will register the highest growth rate of 100.00% among the other regions. Therefore, the corporate training market in US 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 courses segment as it accounted for the largest market share in the base year.
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