Market Overview:
The global corporate training market is expected to grow at a CAGR of 7.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for technical and non-technical training across small, medium, and large enterprises. Additionally, the growing adoption of corporate training by organizations in emerging economies is also contributing to the growth of this market. The global corporate training market can be segmented on the basis of type into technical and non-technical training. Technical training includes courses related to software development, programming languages, networking technologies, etc., while non-technicaltraining includes courses such as leadership & management skills development programs, communication & negotiation skills enhancement programs etc. Medium Enterprises are anticipated toreap maximum benefits from corporate trainings owingto their growing need for skilled manpower across different industries .
Product Definition:
Corporate training is the process of providing employees with the necessary skills and knowledge to do their jobs. It can include everything from basic safety training to more specialized topics like product or software training. Corporate training is important because it helps employees stay up-to-date on new technologies, products, and procedures. It also helps them develop the skills needed to be successful in their roles.
Technical Training:
Technical training is a learning process which helps the employees to acquire technical knowledge and skills required for carrying out their respective duties efficiently. Technical training includes imparting information on computer applications, office automation, telecommunication & IT, and other such technologies. It also covers imparting information related to tools & equipment used in manufacturing industries along with its application techniques.
Non-Technical Training:
Non-technical training is a generic term used to define any form of training which does not include technical aspects such as software applications and computer hardware. Non-technical trainings are offered in various fields such as sales, marketing, customer services, etc. The global non-technical training and it's usage in corporate training market size was valued at USD 653.0 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
The large enterprises segment dominated the global corporate training market in 2017, accounting for over 60.0% share of the total revenue. The growth of this segment can be attributed to factors such as increasing number of large enterprises and multinational companies across various regions, growing importance of soft skills development among employees, and flexible scheduling options offered by trainers for group training.
Medium-sized businesses (MSBs) are expected to witness significant growth over the forecast period owing to rising awareness about developing employee capabilities through customized learning solutions that foster long-term employability. MSBs often have a more dynamic work culture than their counterparts in large organizations and are characterized by high internal communication requirements that demand frequent training courses for all levels from top management down to front line staffs.
Regional Analysis:
The North American regional market dominated the global corporate training industry in 2016. The region is home to several large enterprises and a significant number of medium and small enterprises. These factors have contributed to the high demand for various types of corporate training in this region over the years. Moreover, due to increasing government regulations pertaining to safety standards, employees are expected to undergo regular safety trainings at their work places which is further anticipated to drive growth over the forecast period.
Asia Pacific is projected as one of the fastest-growing regions during 2017’s forecast period owing to an increase in investments by various companies for improving employee productivity and knowledge sharing across organizations within Asia Pacific region coupled with growing awareness about latest technologies among end users such as small & medium scale industries, self-employed professionals & others who need critical information at hand time and again thus driving CTTM programs demand within this region especially in India China Australia Singapore Japan South Korea Thailand Vietnam etc.).
Growth Factors:
- Increasing demand for skilled workforce: The corporate training market is expected to grow as the demand for skilled and qualified workforce increases. With the advent of new technologies and changing business dynamics, companies are looking for employees who are not only technically sound but also have strong problem-solving skills. In order to meet this requirement, organizations are investing in corporate training programs that help employees hone their skills and stay updated with the latest trends in their respective fields.
- Emergence of eLearning: The growth of eLearning is another major driver for the corporate training market. With learners preferring online learning over traditional methods, organizations are increasingly adopting eLearning solutions to train their employees effectively and efficiently. This has led to a significant increase in spending on corporate training programs that use digital learning platforms and tools.
- Growing focus on employee retention: A well-trained workforce is more likely to be retained by an organization than one which is not given any formal training opportunities. As a result, there has been a growing focus on employee retention among corporates around the world, which is driving them towards investing more in Corporate Training Solutions . By providing its employees with access to quality training programs, an organization can improve its chances of retaining them for longer periods of time .
Scope Of The Report
Report Attributes
Report Details
Report Title
Corporate Training Market Research Report
By Type
Technical Training, Non-Technical Training
By Application
Small Enterprises, Medium Enterprises, Large Enterprises
By Companies
Skillsoft, Wilson Learning Worldwide, City & Guilds Group, D2L, GP Strategies, NIIT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Corporate Training Market Report Segments:
The global Corporate Training market is segmented on the basis of:
Types
Technical Training, Non-Technical Training
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small Enterprises, Medium Enterprises, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Skillsoft
- Wilson Learning Worldwide
- City & Guilds Group
- D2L
- GP Strategies
- NIIT
Highlights of The Corporate Training Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Technical Training
- Non-Technical Training
- By Application:
- Small Enterprises
- Medium Enterprises
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Corporate Training Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Corporate training is a type of education that helps employees learn new skills or improve their existing ones. Corporate training can be provided in-house, through an external provider, or as part of employee development programmes.
Some of the major players in the corporate training market are Skillsoft, Wilson Learning Worldwide, City & Guilds Group, D2L, GP Strategies, NIIT.
The corporate training market is expected to register a CAGR of 7.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corporate Training Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Corporate Training Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corporate Training Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Corporate Training Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Corporate Training Market Size & Forecast, 2020-2028
4.5.1 Corporate Training Market Size and Y-o-Y Growth
4.5.2 Corporate Training Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Technical Training
5.2.2 Non-Technical Training
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Small Enterprises
6.2.2 Medium Enterprises
6.2.3 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corporate Training Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Corporate Training Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Technical Training
9.6.2 Non-Technical Training
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Small Enterprises
9.10.2 Medium Enterprises
9.10.3 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Technical Training
10.6.2 Non-Technical Training
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Small Enterprises
10.10.2 Medium Enterprises
10.10.3 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Technical Training
11.6.2 Non-Technical Training
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Small Enterprises
11.10.2 Medium Enterprises
11.10.3 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Technical Training
12.6.2 Non-Technical Training
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Small Enterprises
12.10.2 Medium Enterprises
12.10.3 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Technical Training
13.6.2 Non-Technical Training
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Small Enterprises
13.10.2 Medium Enterprises
13.10.3 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Corporate Training Market: Competitive Dashboard
14.2 Global Corporate Training Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Skillsoft
14.3.2 Wilson Learning Worldwide
14.3.3 City & Guilds Group
14.3.4 D2L
14.3.5 GP Strategies
14.3.6 NIIT
