Market Overview:
The global corporate training services market is expected to grow at a CAGR of 7.8% from 2018 to 2030. The market growth is attributed to the increasing demand for technical and non-technical training across small, medium, and large enterprises. North America dominates the global corporate training services market with a share of 36%, followed by Europe and Asia Pacific. However, Asia Pacific is expected to witness the highest CAGR during the forecast period owing to the growing demand for skilled workforce in countries such as China and India.
Product Definition:
A company can provide different types of training services to its employees. This type of training is usually intended to improve the skills and knowledge that employees need in order to do their jobs. The most common type of corporate training is instructor-led classroom training, but other methods such as e-learning or online courses can also be used.
Technical Training:
Technical training is a learning process that helps the employees to acquire knowledge and skills required to carry out their respective duties efficiently. It covers all types of employee training such as on-the-job, classroom, or online. On the basis of delivery mode, technical training can be classified into virtual/distance education and in person (face to face) education.
Non-Technical Training:
Non-technical training is a generic term used to define all the courses, seminars, workshops and other forms of educational programs that are not directly related to technical expertise. Non-technical training helps employees improve their soft skills which are as important as technical skills for success in any field.
Global Non-Technical Training.
The global non-technical corporate training market was valued at USD 25.
Application Insights:
The large enterprises segment dominated the global corporate training services market in 2017, accounting for over 60.0% share of the overall revenue. The growth of this segment can be attributed to a large number of large enterprises in developed economies such as U.K., Germany and France and few thousand small and medium-sized enterprises (SMEs) across developing countries such as China, India, Brazil etc. Growing demand for on-the-job training among blue collar workers is also expected to contribute significantly towards industry growth over the forecast period.
The growing importance of soft skills in both developed and developing countries has resulted in an increased demand for corporate training services by mid sized businesses or SMEs that are running their own business units within larger organizations or companies i.e.
Regional Analysis:
North America dominated the global corporate training services market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to various factors such as increasing awareness about employee retraining programs, availability of a large pool of skilled trainers, and growing demand for on-site learning solutions by companies based in North America. Asia Pacific is anticipated to witness significant growth over the next eight years owing to an increase in investments by companies for developing their business operations and expanding into untapped markets across countries such as China and India. Moreover, rising awareness among employees regarding benefits offered through corporate training programs will drive regional growth during the forecast period. Latin America also presents lucrative opportunities due to increasing foreign direct investment (FDI) from developed economies like U.S., U.K.
Growth Factors:
- Increasing demand for skilled workforce: The corporate training services market is expected to grow as the need for skilled workforce increases. With the advent of new technologies and changing business dynamics, companies are looking for employees who are not only technically proficient but also have strong problem-solving skills and leadership qualities. In order to meet this demand, organizations are increasingly turning to corporate training services providers to help them develop their employees’ skillsets.
- Rising focus on employee retention: A well-trained and engaged workforce is more likely to be retained by an organization than one that is not given proper training opportunities. As a result, many companies are now focusing on employee development and investing in corporate training programs that can help improve employee productivity and engagement levels. This is expected to drive the growth of the corporate training services market in the coming years.
- Growing popularity of eLearning: The increasing penetration of internet connectivity and growing adoption of mobile devices has led to a surge in demand for eLearning courses worldwide. Corporate trainers too are increasingly adopting eLearning methods owing to its advantages such as scalability, cost-effectiveness, flexibility, etc., which is helping fuel the growth of this segment within the global corporate training services market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Corporate Training Services 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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Corporate Training Services Market Report Segments:
The global Corporate Training Services 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 Services 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 Services 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 Services is a company that provides training and development services to businesses. Corporate Training Services offers a variety of training programs, including online courses, seminars, and workshops. The company also offers consulting services to help businesses improve their performance.
Some of the major players in the corporate training services market are Skillsoft, Wilson Learning Worldwide, City & Guilds Group, D2L, GP Strategies, NIIT.
The corporate training services market is expected to grow at a compound annual growth rate of 7.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corporate Training Services 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 Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corporate Training Services 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 Services 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 Services Market Size & Forecast, 2020-2028
4.5.1 Corporate Training Services Market Size and Y-o-Y Growth
4.5.2 Corporate Training Services 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 Services 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 Services 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 Services Market: Competitive Dashboard
14.2 Global Corporate Training Services 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
