IT Training Market by Service and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR40562
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The IT training market has the potential to grow by USD 10.59 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.43%.

This IT 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 service (infrastructure, development, database, security, and others) and geography (North America, Europe, APAC, South America, and MEA). The IT training market report also offers information on several market vendors, including GP Strategies Corp., International Business Machines Corp., Learning Tree International Inc., LearnQuest Inc., Microsoft Corp., NIIT Ltd., Oracle Corp., Pluralsight Inc., QA group of companies, and SAP SE among others.

What will the IT Training Market Size be in 2021?

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IT Training Market: Key Drivers and Trends

The growth in the number of partnerships is notably driving the IT training market growth, although factors such as growth in popularity of MOOCs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the IT training industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving the IT training market is the growth in the number of strategic partnerships among vendors in the market, to expand their customer base and geographical presence.
  • In March 2019, Tech Data Corp. (Tech Data), through its brand ExitCertified, expanded its cloud curriculum through its partnership with Google and Docker Inc., through which Tech Data would offer cloud-native education services with new training curricula for Google Cloud Platform and Docker.
  • The increase in popularity of e-learning across organizations is another major factor supporting the IT training market share growth.
  • Online platforms for training employees have enabled employees to increase their productivity due to improved flexibility and convenience and enabled trainers to engage learners in training programs effectively.
  • The adoption of the e-learning approach helps organizations to cut down IT training costs and increase profit.

This IT 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 IT Training Market Vendors?

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

 

  • GP Strategies Corp.
  • International Business Machines Corp.
  • Learning Tree International Inc.
  • LearnQuest Inc.
  • Microsoft Corp.
  • NIIT Ltd.
  • Oracle Corp.
  • Pluralsight Inc.
  • QA group of companies
  • SAP SE

 

This statistical study of the IT training market encompasses successful business strategies deployed by the key vendors. The IT training market is fragmented and the vendors are deploying 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 IT 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 IT Training Market?

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35% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the IT training market in North America. Market growth in this region will be faster than the growth of the market in the European, South American, and MEA regions.

The expansion of IT infrastructure across industries will facilitate the IT 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 Service Segments in the IT Training Market?

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The IT training market share growth by the infrastructure segment will be significant during the forecast period. With growing global digitization and the need for storage solutions, networking and cloud computing technologies have become the backbone of almost every enterprise. In April 2019, Pluralsight LLC (Pluralsight) announced that it had partnered with Google to provide enterprise companies an on-demand, role-based approach to skill development on Google Cloud technologies. Such partnerships help organizations to improve employee retention rates and create a constant revenue stream for market vendors, which is one of the primary factors driving the growth of the infrastructure segment in the global IT training market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the IT training market size and actionable market insights on post COVID-19 impact on each segment.

Scope of Report

Features

Included Data

Base year for market size assessment

2021

Forecast period

2021-2025

Growth momentum and forecast

Accelerate at a CAGR of 8.43%

Regional analysis

North America, Europe, APAC, South America, and MEA

Key consumer countries

US, Canada, UK, Germany, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

GP Strategies Corp., International Business Machines Corp., Learning Tree International Inc., LearnQuest Inc., Microsoft Corp., NIIT Ltd., Oracle Corp., Pluralsight Inc., QA group of companies, and SAP SE

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 the 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.

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What are the Key Factors Covered in this IT Training Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive IT training market growth during the next five years
  • Precise estimation of the IT training market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the IT 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 IT training market vendors

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IT Training Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.43%

Market growth 2021-2025

$ 10.59 billion

Market structure

Fragmented

YoY growth (%)

3.23

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 35%

Key consumer countries

US, Canada, UK, Germany, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

GP Strategies Corp., International Business Machines Corp., Learning Tree International Inc., LearnQuest Inc., Microsoft Corp., NIIT Ltd., Oracle Corp., Pluralsight Inc., QA group of companies, and SAP SE

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.

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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 it training market growth will increase by $6.26 billion during 2019-2024.
The it training market is expected to grow at a CAGR of 5.93% during 2019-2024.
Technavio has segmented the it training market by service (Infrastructure, Development, Database, Security, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
GP Strategies Corp., International Business Machines Corp., Learning Tree International Inc., LearnQuest Inc., Microsoft Corp., NIIT Ltd., Oracle Corp., Pluralsight Inc., QA Ltd., SAP SE are a few of the key vendors in the it training market.
North America will register the highest growth rate of 38.66% among the other regions. Therefore, the it training market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Canada
  • UK
  • Germany
  • India
  • Australia
The key factors driving the it training market growth are:
  • Growth in number of partnerships
  • Growth in popularity of blended learning
The it training market vendors should focus on grabbing business opportunities from the infrastructure segment as it accounted for the largest market share in the base year.
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