NEW YORK, Jan. 14, 2022 /PRNewswire/ -- 43% of the growth will originate from North America for the corporate training market. The US and Canada are the key markets for corporate training in North America. Market growth in North America will be faster than the growth of the market in MEA and South America. The presence of many MNCs and large organizations will facilitate the corporate training market growth in North America over the forecast period. The corporate training market to grow by USD 40.21 billion from 2020 to 2025. In addition, the report projects the market to progress at a CAGR of  7.97% as per the latest report by Technavio

Attractive Opportunities in Corporate Training Market by Product and Geography - Forecast and Analysis 2021-2025

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Corporate Training Market: Emergence of cost-effective e-learning training modules to drive growth
The emergence of cost-effective e-learning training modules will fuel the growth of the corporate training market size. Organizations are increasingly adopting innovative and cost-effective ways to train their employees. The transition of organizations from conventional training to e-learning helps them in saving employees' working hours, and it is convenient to maintain, update, and store information more effectively. Vendors are introducing solutions, technologies, systems, and courses at affordable prices to corporations buying them in bulk quantities to meet the demand of their employees. The growing popularity of online learning has helped employees in saving their time and money in reskilling themselves, unlike enrolling in conventional training sessions conducted in corporations that consume more time in addition to the regular working hours. 

Corporate Training Market: Budgetary concerns may impede the market growth
Budgetary concerns will be a major challenge for the corporate training market. Organizations across the globe have certain fixed budgets allocated for employee training. Companies with sufficient budgets own essential hardware and software solutions or systems. However, organizations with limited budgets may prefer continuing with the conventional training methodologies, without incurring extra expenditure on buying new tools and technologies. This, in turn, may hamper the growth of the corporate training market.

The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The corporate training market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth. 

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Corporate Training Market: Segmentation Analysis & Revenue Generating Segment

This market research report segments the corporate training market by Product (Technical training and Non-technical training) and Geography (North America, Europe, APAC, South America, and MEA).

The corporate training market share growth by the technical training segment will be significant for revenue generation. It is expected to register a steady growth during the forecast period owing to the rising need for skilling employees on continuously evolving technologies. The growing prominence of online courses will further augment the adoption of technical training courses in the corporate training market during the forecast period.

Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the corporate training market size and actionable market insights on each segment.

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Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Corporate Training Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.97%

Market growth 2021-2025

USD 40.21 billion

Market structure

Fragmented

YoY growth (%)

6.77

Regional analysis

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

Performing market contribution

North America at 43%

Key consumer countries

US, Canada, UK, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Adobe Inc., Cisco Systems Inc., City and Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley and 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

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

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