Information Technology (IT) Training Market Analysis North America,Europe,APAC,South America,Middle East and Africa - US,India,Australia,UK,Germany - Size and Forecast 2024-2028

Information Technology (IT) Training Market Forecast 2024-2028

The Information Technology (IT) Training Market size is estimated to increase by USD 12.93 billion, growing at a CAGR of 7.03% between 2023 and 2028. Market growth hinges on various factors such as the expansion of partnerships and acquisitions, heightened adoption of e-learning within organizations, and the escalating demand for proficient individuals in emerging technologies. IT training encompasses both business-to-consumer (B2C) and business-to-business (B2B) training provided by professional entities. The review's scope encompasses a wide array of topics including application development and programming training, IT infrastructure, networking and cloud computing, cybersecurity, as well as database and big data education.

What will be the size of the IT Training Market During the Forecast Period?

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Market Segmentation

The report includes a comprehensive outlook on the market offering forecasts for the industry segmented by Service, which comprises infrastructure, development, database, security, and others. Additionally, it categorizes End-user into corporate, schools and colleges, and others and covers Geography regions, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

By Service Segment

The market share growth by the infrastructure segment will be significant during the forecast period. The infrastructure segment of the market comprises building, sustaining, and managing IT infrastructure and networking and cloud computing infrastructure. IT infrastructure management consists of IT operational components in an enterprise. It includes IT systems and equipment, corporate policies, and business processes.

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The infrastructure segment was the largest and was valued at USD 8.86 billion in 2018. With the growing adoption of cloud and edge computing, the market is witnessing an increased demand for skilled professionals with certification in cloud computing technology, such as AWS and Oracle Cloud, and networking technology, including CompTIA A+, Network+, Wireshark, and VMware. This is driving the growth of the market. Such an increase in demand for skilled professionals and organizations aiming to improve employee retention rates and create a constant revenue stream for market companies will drive the growth of the infrastructure segment, thereby driving the growth of the market during the forecast period.

By End-user Segment   

The major contribution to the market is from the corporate sector, which consists of programming language training provided to employees. Traditionally, programming language training was primarily provided to the employees either in-house or at the institute's premises. In addition, corporate companies are focusing on industry-specific training, such as healthcare IT or finance IT, to provide employees with the knowledge and skills they need to work effectively. Other kinds of training, such as project management, are provided in the corporate segment to help employees manage IT projects effectively, and certified training provides employees with certifications in specific fields, such as certified information systems security professional (CISSP), Cisco-certified network associate (CCNA), and amazon web services (AWS). Such factors will contribute to the growth of the corporate segment in the market during the forecast period.

Regional Overview

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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America dominates the 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 in the market, such as Apple, 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.

In addition, the North American region hosts almost all major providers, including International Business Machines, Computer Generated Solutions, and SkillSoft. Software engineers, database analysts, information systems analysts, cybersecurity consultants, and network operators are among those enjoying high demand. To capitalize on this growing demand, IT training providers are focused on developing and introducing new offerings in the market, which will drive the growth of the market during the forecast period.

Market Dynamics and Customer Landscape

The market is experiencing robust growth driven by various factors. Firstly, the rapid pace of technological advancements necessitates continuous skill development among IT professionals. With the emergence of AI and ML, data analytics, and other cutting-edge technologies, there is a growing demand for upskilling to stay relevant in the IT workforce. Secondly, strategic collaborations and expansions in the IT industry are fostering a conducive environment for skill development initiatives. Companies are partnering with training providers to offer comprehensive training programs that cover a wide range of IT domains, from computer hardware to system administration.

Moreover, the shift towards virtual training options is a prominent trend in the market. In response to evolving needs and preferences, training programs are increasingly transitioning from traditional in-person classes to virtual classrooms and self-paced learning modules. This trend not only enhances accessibility for IT professionals worldwide but also enables more flexible and tailored learning experiences. As a result, virtual training options are gaining traction as an efficient and effective way to deliver IT training in today's dynamic business landscape.

Driver

The surge in partnerships and acquisitions is a pivotal driver of market growth in the IT training sector. Companies within this market are strategically joining forces and acquiring one another, exemplified by collaborations between software firms and job portals. An illustrative case is International Business Machines' acquisition of Turbonomic in April 2021, a move aimed at bolstering application observability and management capabilities through AI-driven optimization of resources. Similarly, SAP's acquisition of Signavio GmbH in January 2021 highlights the trend of market players broadening their customer reach by integrating enterprise business process analytics and management solutions. These strategic alliances and acquisitions are poised to propel market expansion, fostering innovation and meeting the evolving needs of the IT workforce.

Trends

Integration of analytics is an emerging trend shaping market growth. Applying analytics helps trainers identify the effectiveness of the provided instruction materials and the need for any additional support. These analytical platforms can offer intermediate monitoring throughout the process, enabling trainers to identify gaps and take appropriate action to overcome the flaws in the learning and development process, if any. Adopting analytics is becoming extremely popular among IT trainers as it can enhance the overall experience by facilitating the prediction of employee performance, providing personalized/customized e-learning experiences that help increase retention rates, and boosting cost efficiency.

Moreover, the adoption of analytics is further driven by an increase in demand among organizations to retrieve valuable insights about the preferences and interests of their employees through the analysis of the substantial amount of data generated over the web. Predictive analysis, which is one of the major approaches in this area, uses statistical techniques to predict learner performance based on prior learning patterns. Such factors will, in turn, fuel the growth of the market during the forecast period.

Restrain

Continuous change in IT training modules is a significant challenge hindering the market growth. The dynamic nature of the IT industry, due to the frequent introduction of new technologies and programming languages, necessitates the frequent development of modules. Growing advancements and innovations in the market related to technologies, such as AI, ML, blockchain, cloud computing, advanced analytics, big data, IoT, virtual assistants, automated vehicles, and augmented and virtual reality, directly or indirectly impact various enterprises and industries. This leads to an increase in the demand for upgraded modules incorporating advanced technologies.

Moreover, employees in any organization frequently need to upgrade their skills as the industry changes. Therefore, to keep modules effective amid changes, market vendors need to keep track of emerging technologies and skills and update training modules accordingly, which increases the operational cost for vendors, which, in turn, is expected to impede the growth of the market during the forecast period.

Key Market Customer Landscape

The Market 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 Market Customer Landscape

Who are the Major IT Training Market Companies?

Companies 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.

Amazon.com Inc. - The company offers IT training through digital courses, labs, and game-based learning.

Apple Inc. - The company offers IT professionals training in the skills, tools, and knowledge they need to support and troubleshoot Apple devices inside any organization.

Cisco Systems Inc. - The company offers IT training such as networking, cloud, collaboration, internet of things and others.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

• ACI Learning
• Allen Communication Learning Services
• British Standards Institution
• CBT Nuggets LLC
• Computer Generated Solutions Inc.
• Dell Technologies Inc.
• ESET Spol Sro
• ExecuTrain
• Firebrand Training Ltd.
• Hewlett Packard Enterprise Co.
• ILX Group
• International Business Machines Corp.
• Learning Tree International Inc.
• LearnQuest Inc.
• Microsoft Corp.
• New Horizons Computer Learning Centers Inc.
• Oracle Corp.

Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028

• Service Outlook
  • Infrastructure
  • Development
  • Database
  • Security
  • Others

• End-user Outlook
  • Corporate
  • Schools and colleges
  • Others

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • South America
    • Chile
    • Brazil
    • Argentina 
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market is experiencing significant growth, driven by the rapid advancement of technology and the increasing demand for skilled professionals in various sectors such as healthcare and finance. Organizations are investing in employee skill development to stay competitive in the digital landscape, with a focus on areas like artificial intelligence, cybersecurity, database management, and big data analytics. This has led to a proliferation of learning formats, including online courses, workshops, and webinars, catering to different learning preferences and enabling reskilling and job transitions. As the digital landscape evolves, IT training programs continue to expand, offering specialized courses in areas like machine learning, cloud computing, and cybersecurity certification to meet the demands of the industry.

The market is experiencing exponential growth driven by technological innovations and the increasing demand for skilled professionals adept in areas such as artificial intelligence (AI), machine learning (ML), and cybersecurity. With cyber threats on the rise and stringent regulatory compliance requirements, organizations are investing heavily in cyber security training to enhance network and information security, threat detection, and risk management capabilities. Additionally, the growing importance of data-driven decision-making has fueled demand for database and big data training, covering data modeling, administration, and analysis. E-learning platforms and online training programs, including coding bootcamps and cybersecurity certification courses, are emerging as accessible avenues for individuals seeking to develop their skills and pursue career opportunities in the dynamic IT landscape across industries like healthcare and finance.

IT Training Market Scope
Report Coverage	Details
Page number	185
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 7.03%
Market Growth 2024-2028	USD 12.93 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	5.75
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 37%
Key countries	US, India, Australia, UK, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	ACI Learning, Allen Communication Learning Services, Amazon.com Inc., Apple Inc., British Standards Institution, CBT Nuggets LLC, Cisco Systems Inc., Computer Generated Solutions Inc., Dell Technologies Inc., ESET Spol Sro, ExecuTrain, Firebrand Training Ltd., Hewlett Packard Enterprise Co., ILX Group, International Business Machines Corp., Learning Tree International Inc., LearnQuest Inc., Microsoft Corp., New Horizons Computer Learning Centers Inc., Oracle Corp., SAP SE, SDLC Training, Simplilearn, Skillsoft Corp., and Tech Data Corp.
Market dynamics	Parent market analysis, Market forecasting, 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.
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 Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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