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The information technology (IT) training market is estimated to grow at a CAGR of 6.91% between 2022 and 2027. The size of the market is forecast to increase by USD 12,044.11 million. The growth of the market depends on several factors, including the growing number of partnerships and acquisitions, the increasing popularity of e-learning across organizations, and rising demand for professionals skilled in emerging technologies.
This report extensively covers market segmentation by service (infrastructure, development, database, security, and others), end-user (corporate, schools and colleges, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The growth in a number of partnerships is notably driving the information technology (IT) training market growth, although factors such as growth in the popularity of MOOCs may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key IT Training Market Driver
One of the key factors driving the market growth is the number of strategic partnerships among vendors in the market. The vendors in the market are forming strategic partnerships and acquisitions, such as software companies and job portal companies, to expand their customer base and geographical presence. For instance, In April 2021, IBM announced the acquisition of Turbonomic, an Application Resource Management (ARM) and Network Performance Management (NPM) software provider based in Boston, MA. This acquisition allows IBM to assess and manage the performance of any application, anywhere, more dynamically and efficiently.
Similarly, in January 2021, SAP SE and Signavio GmbH announced that SAP had decided to acquire Signavio, a market leader in enterprise business process analytics and process management. Through such partnerships, market vendors will expand their customer base, which will drive the growth of the global information technology training market during the forecast period.
Significant IT Training Market Trend
The growth in popularity of blended learning is another factor supporting the 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 market. With a growth in the demand for blended learning, market vendors are focusing on developing new IT training modules based on blended learning. Therefore, the growing popularity of blended learning is expected to fuel the growth of the market during the forecast period.
Major IT Training Market Challenge
The growth in the popularity of MOOCs will be a major challenge for the 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 enrol 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 market.
Key IT Training Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global IT Training Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ExecuTrain - The company offers IT training courses such as IT management, updating Microsoft versions, email marketing, and business skills. The company offers IT courses such as learning management, talent management, and workforce management.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth of the infrastructure segment will be significant during the forecast period. The infrastructure segment of the global information technology training market comprises building, sustaining, and managing IT infrastructure and networking and cloud computing infrastructure. The primary demand for training in IT infrastructure is for operational efficiency, reduction in work duplication, adherence to standards, increasing adaptability, and interoperability between processes and systems.
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The infrastructure segment was valued at USD 8,903.33 million in 2017 and continued to grow by 2021. 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.
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APAC is estimated to contribute 35% to the growth of the global market during the forecast period.Another region offering significant growth opportunities to vendors is North America. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America dominates the global information technology (IT) training market. The region has always been at the forefront of the adoption of new technologies. One of the major reasons for this is the presence of major technology companies, such as Apple Inc. (Apple), Microsoft, Intel, Google, Oracle, IBM, and NVIDIA Corp. (NVIDIA), which strive to stay ahead of the competition. Well-developed network infrastructure in the region facilitates the adoption of emerging technologies such as AI and blockchain in the region. As a result, the requirement for skilled professionals is high in the region. To achieve operational efficiency, enterprises in the region spend heavily on training employees. This is leading to high expenditure by enterprises as well as individuals on IT training.
The outbreak of COVID-19 adversely affected various business activities and the economies of several countries in the region. However, 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 global e-learning market, thereby driving the growth of the regional market in 2020. Moreover, the demand for coding boot camps and programming knowledge has increased, as it helps job seekers improve their skills and increase their chances of finding a suitable job. Owing to these factors, the market in the region is expected to grow during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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IT Training Market Scope |
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Report Coverage |
Details |
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Page number |
179 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.91% |
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Market growth 2023-2027 |
USD 12,044.11 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.32 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 35% |
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Key countries |
US, India, Australia, UK, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ACI Learning, Amazon.com Inc., Apple Inc., CBT Nuggets LLC, Computer Generated Solutions Inc., Dell Technologies Inc., ExecuTrain, Fast Lane Consulting and Education Services, Firebrand Training Ltd., Global Knowledge Training LLC, Hewlett Packard Enterprise Co., ILX Group, Information System Audit and Control Association Inc., LearnQuest Inc., Learning Technologies Group Plc, New Horizons Computer Learning Centers Inc., Radical Technologies, Tech Data Corp., International Business Machines Corp., and Oracle Corp. |
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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, and Market condition analysis for the forecast period. |
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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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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