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

  • Published: Sep 2021
  • Pages: 136
  • SKU: IRTNTR40562
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The IT training market share is expected to increase by USD 10.59 billion from 2020 to 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 IT training 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 During the Forecast Period?

IT Training Market Size

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IT Training Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and after post COVID-19 era. The growth in a number of partnerships is notably driving the IT training market growth, although factors such as growth in the 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.

Key IT Training Market Driver

One of the key factors driving the IT training market is the growth in the number of strategic partnerships among vendors in the market. 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. Through such partnerships, market vendors will expand their customer base, which will drive the growth of the global IT training market.

Key IT Training Market Trend

The growth in popularity of blended learning is another factor supporting the IT training market share growth. Blended learning includes a mix of two or more training delivery methods. Primarily, blended learning is a mix of traditional face-to-face learning methods with any computer or mobile-mediated learning method. Using the blended learning approach, organizations can expect a cost-effective method of engaging and imparting training to employees. Blended learning offers a more customized training module with on-demand learning, among other features. In addition, the growing incorporation of microlearning in blended learning is another factor driving the popularity of blended learning in the global IT training market. With a growth in the demand for blended learning, market vendors are focusing on developing new IT training modules based on blended learning.

Key IT Training Market Challenge

The growth in popularity of MOOCs will be a major challenge for the IT training market during the forecast period. MOOCs are free online courses for IT, executive education, and employee development. These courses are provided by well-qualified lecturers from renowned institutes worldwide. The courses are cost-effective and offer higher flexibility and ease of access as the user can enroll for these courses online. Owing to the growing demand for IT learning, several different courses are being introduced on open online sources. The growing adoption of MOOCs is witnessed among organizations as well as individuals in the IT training industry. However, many of the courses offered by MOOCs do not offer certification, owing to which a higher adoption is witnessed among individuals compared with organizations. Therefore, the availability of free online IT courses is negatively impacting paid IT training, which, in turn, is hindering the growth of the global IT training market.

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.

Parent Market Analysis

Technavio categorizes the IT training market as a part of the global IT consulting and other services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the IT training market during the forecast period.

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.

Product Insights and News

  • GP Strategies Corp - In June 2021, the company partnered with Technical Training Professionals to deliver high-end eLearning through. GPiLEARN. In June 2021, the company launched an innovative automotive retail academy for the development of dealership professionals.

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.

IT Training Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the IT training market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the IT training market includes the following core components:

  • Inputs
  • Operations
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for IT Training Market?

IT Training Market Market segmentation by region

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

The presence of major technology companies 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.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 adversely affected the business activities and economy of the region in 2020. The surge in the number of COVID-19 cases in various countries in the region influenced governments to introduce emergency legislation, which led to the shutdown of schools, colleges, offices, and other business units. The closing of schools, colleges, and corporate offices led to an increase in the adoption of the e-learning process, including online IT training. This fueled the growth of the overall e-learning market, which includes the global IT training market, in 2020. The demand for coding boot camps and programming knowledge has further increased, as it helps job seekers improve their skills and increase the chances of finding a suitable job. Owing to these factors, the market in the region is expected to grow during the forecast period.

What are the Revenue-generating Service Segments in the IT Training Market?

IT Training Market Segmentation

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The IT training market share growth in the infrastructure segment will be significant during the forecast period. The primary growth driver for this segment is the growing demand for skilled individuals in networking and cloud computing technology. With growing digitization and the need for storage solutions, networking and cloud computing technologies have become the backbone of almost every enterprise. 

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.

 

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

Key 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 recovery analysis 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 Data 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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis : IT Consulting and Other Services

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Service

    • 5.1 Market segments
      • Exhibit 15: Service - Market share 2020-2025 (%)
    • 5.2 Comparison by Service
      • Exhibit 16: Comparison by Service
    • 5.3 Infrastructure - Market size and forecast 2020-2025
      • Exhibit 17: Infrastructure - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Infrastructure - Year-over-year growth 2020-2025 (%)
    • 5.4 Development - Market size and forecast 2020-2025
      • Exhibit 19: Development - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Development - Year-over-year growth 2020-2025 (%)
    • 5.5 Database - Market size and forecast 2020-2025
      • Exhibit 21: Database - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Database - Year-over-year growth 2020-2025 (%)
    • 5.6 Security - Market size and forecast 2020-2025
      • Exhibit 23: Security - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Security - Year-over-year growth 2020-2025 (%)
      • Exhibit 25:List of cybersecurity certification in the market
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 26: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 27: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by Service
      • Exhibit 28: Market opportunity by Service

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 30: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 31: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 32: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 33: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 34: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 35: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 36: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 37: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 38: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 40: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 42: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 43: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • Exhibit 46: Vendor landscape
          • 9.2 Landscape disruption
            • Exhibit 47: Landscape disruption
            • Exhibit 48: Industry risks
          • 9.3 Competitive scenario

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 49: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 50: Market positioning of vendors
            • 10.3 GP Strategies Corp.
              • Exhibit 51: GP Strategies Corp. - Overview
              • Exhibit 52: GP Strategies Corp. - Business segments
              • Exhibit 53: GP Strategies Corp. - Key news
              • Exhibit 54: GP Strategies Corp. - Key offerings
              • Exhibit 55: GP Strategies Corp. - Segment focus
            • 10.4 International Business Machines Corp.
              • Exhibit 56: International Business Machines Corp. - Overview
              • Exhibit 57: International Business Machines Corp. - Business segments
              • Exhibit 58: International Business Machines Corp. - Key news
              • Exhibit 59: International Business Machines Corp. - Key offerings
              • Exhibit 60: International Business Machines Corp. - Segment focus
            • 10.5 Learning Tree International Inc.
              • Exhibit 61: Learning Tree International Inc. - Overview
              • Exhibit 62: Learning Tree International Inc. - Product and service
              • Exhibit 63: Learning Tree International Inc. - Key offerings
            • 10.6 LearnQuest Inc.
              • Exhibit 64: LearnQuest Inc. - Overview
              • Exhibit 65: LearnQuest Inc. - Product and service
              • Exhibit 66: LearnQuest Inc. - Key offerings
            • 10.7 Microsoft Corp.
              • Exhibit 67: Microsoft Corp. - Overview
              • Exhibit 68: Microsoft Corp. - Business segments
              • Exhibit 69: Microsoft Corp. - Key news
              • Exhibit 70: Microsoft Corp. - Key offerings
              • Exhibit 71: Microsoft Corp. - Segment focus
            • 10.8 NIIT Ltd.
              • Exhibit 72: NIIT Ltd. - Overview
              • Exhibit 73: NIIT Ltd. - Business segments
              • Exhibit 74: NIIT Ltd. - Key news
              • Exhibit 75: NIIT Ltd. - Key offerings
              • Exhibit 76: NIIT Ltd. - Segment focus
            • 10.9 Oracle Corp.
              • Exhibit 77: Oracle Corp. - Overview
              • Exhibit 78: Oracle Corp. - Business segments
              • Exhibit 79: Oracle Corp. - Key news
              • Exhibit 80: Oracle Corp. - Key offerings
              • Exhibit 81: Oracle Corp. - Segment focus
            • 10.10 Pluralsight Inc.
              • Exhibit 82: Pluralsight Inc. - Overview
              • Exhibit 83: Pluralsight Inc. - Business segments
              • Exhibit 84: Pluralsight Inc. - Key offerings
            • 10.11 QA group of companies
              • Exhibit 85: QA group of companies - Overview
              • Exhibit 86: QA group of companies - Business segments
              • Exhibit 87: QA group of companies - Key offerings
            • 10.12 SAP SE
              • Exhibit 88: SAP SE - Overview
              • Exhibit 89: SAP SE - Business segments
              • Exhibit 90: SAP SE - Key news
              • Exhibit 91: SAP SE - Key offerings
              • Exhibit 92: SAP SE - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 93: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 94: Research Methodology
                • Exhibit 95: Validation techniques employed for market sizing
                • Exhibit 96: Information sources
              • 11.4 List of abbreviations
                • Exhibit 97: 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.

              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
              Technavio

              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
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              IT Training Market market growth will increase by $10.59 bn during 2020-2024.
              The it training market market is expected to grow at a CAGR of 8.43% during 2020-2024.
              Technavio has segmented the it training market market by service (Infrastructure, Development, Database, Security, and Others) ,geography (North America, Europe, APAC, South America, and MEA) , and geographic (North America, Europe, APAC, and South America).
              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 market.
              North America will register the highest growth rate of 35% among the other regions. Therefore, the it training market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Canada
              • Germany
              • India
              • Australia
              The key factors driving the it training market market growth are:
              • Grow th in number of partnerships
              • Growth in popularity of blended learning
              The it training market market vendors should focus on grabbing business opportunities from the infrastructure segment as it accounted for the largest market share in the base year.
              • 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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              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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