Market Overview:
The global corporate workforce development training market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing demand for corporate workforce development training from small and medium-sized enterprises (SMEs) and large enterprises across the globe. Additionally, the growing trend of blended learning is also contributing to the growth of this market. On the basis of type, the global corporate workforce development training market can be segmented into online learning, instructor-led learning, and blended learning. Of these, online learning is expected to witness highest growth during the forecast period owing to its advantages such as flexibility and cost-effectiveness over other modes of delivery such as instructor-led or blended learning.
Product Definition:
Workforce development training is a process that helps employees in a company to be better at their jobs. It can help them learn new skills, improve their productivity, and become more effective team members. Workforce development training is important because it can help companies improve their overall performance and increase profits.
Online Learning:
Online learning is a method of delivering education and training via the internet. It involves the delivery of educational programs, courses, and learning materials using web-based technologies such as videos, audio clips, text documents etc. to achieve higher levels of interaction and engagement between instructor & student as well as increase accessibility for students across different locations.
Instructor-Led Learning:
instructor-led learning (IL) is a technique of imparting training to employees through the use of instructors or coaches. The IL method provides more personalization and allows for hands-on experience as compared to traditional classroom training. It also helps in building employee competencies by focusing on relevant and practical skills that are needed in the current workplace environment.
The global instructor-led learning and corporate workforce development training market was valued at USD 6,867 million in 2016.
Application Insights:
The large enterprises segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing number of large enterprises that are increasingly adopting corporate training solutions for their employees. For instance, according to a study conducted by Bersin by Deloitte, nearly 60% of medium-sized and 50% of large companies have formal learning programs for their employees while around 40%of SMEs have corporate training programs.
Regional Analysis:
North America dominated the global corporate workforce development training market in 2017. The region is expected to maintain its position during the forecast period as well. This can be attributed to various factors such as increasing adoption of new technologies, high demand for improved employee engagement, and growing need for better-skilled employees with enhanced knowledge and expertise. Moreover, an increase in mergers & acquisitions activities has led to a significant rise in awareness regarding corporate learning programs across this region.
Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period owing to several macroeconomic factors such as rapid urbanization and industrialization coupled with improving economic conditions particularly in India & China that are among top 10 economies globally by GDP per capita (PPP). These countries have a large pool of low-cost skilled labor which makes it easier for companies based out of these regions to establish their manufacturing facilities there thus driving growth across this region’s corporate workforce development training industry landscape.
Growth Factors:
- Increased demand for skilled workers: The corporate workforce development training market is expected to grow as the demand for skilled workers increases. This is due to the increasing technological advancements and globalization of businesses.
- Rapid changes in technology: The corporate workforce development training market is expected to grow as businesses face rapid changes in technology that require employees to be updated on new software, tools, and processes.
- Shift from traditional learning methods: Employees are increasingly preferring online or e-learning methods for corporate workforce development training over traditional learning methods such as attending live workshops or seminars. This shift is contributing to the growth of the corporate workforce development training market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Corporate Workforce Development Training Market Research Report
By Type
Online Learning, Instructor-Led Learning, Blended Learning
By Application
Small and Medium-Sized Enterprises, Large Enterprises
By Companies
Skillsoft, Wilson Learning, Eton Institute, LearnQuest, NIIT, Pearson, CARA Group, CTU, Dale Carnegie Training, GP Strategies, InfoPro Learning
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Corporate Workforce Development Training Market Report Segments:
The global Corporate Workforce Development Training market is segmented on the basis of:
Types
Online Learning, Instructor-Led Learning, Blended Learning
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 and Medium-Sized 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
- Eton Institute
- LearnQuest
- NIIT
- Pearson
- CARA Group
- CTU
- Dale Carnegie Training
- GP Strategies
- InfoPro Learning
Highlights of The Corporate Workforce Development 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:
- Online Learning
- Instructor-Led Learning
- Blended Learning
- By Application:
- Small and Medium-Sized 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 Workforce Development 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 workforce development training is a type of training that helps employees learn new skills and improve their work performance. Corporate workforce development training can include courses on topics such as computer use, business etiquette, and how to handle difficult customer situations.
Some of the key players operating in the corporate workforce development training market are Skillsoft, Wilson Learning, Eton Institute, LearnQuest, NIIT, Pearson, CARA Group, CTU, Dale Carnegie Training, GP Strategies, InfoPro Learning.
The corporate workforce development training market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corporate Workforce Development 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 Workforce Development Training Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corporate Workforce Development 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 Workforce Development 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 Workforce Development Training Market Size & Forecast, 2020-2028
4.5.1 Corporate Workforce Development Training Market Size and Y-o-Y Growth
4.5.2 Corporate Workforce Development 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 Online Learning
5.2.2 Instructor-Led Learning
5.2.3 Blended Learning
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 and Medium-Sized Enterprises
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corporate Workforce Development 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 Workforce Development 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 Online Learning
9.6.2 Instructor-Led Learning
9.6.3 Blended Learning
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 and Medium-Sized Enterprises
9.10.2 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 Online Learning
10.6.2 Instructor-Led Learning
10.6.3 Blended Learning
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 and Medium-Sized Enterprises
10.10.2 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 Online Learning
11.6.2 Instructor-Led Learning
11.6.3 Blended Learning
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 and Medium-Sized Enterprises
11.10.2 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 Online Learning
12.6.2 Instructor-Led Learning
12.6.3 Blended Learning
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 and Medium-Sized Enterprises
12.10.2 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 Online Learning
13.6.2 Instructor-Led Learning
13.6.3 Blended Learning
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 and Medium-Sized Enterprises
13.10.2 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 Workforce Development Training Market: Competitive Dashboard
14.2 Global Corporate Workforce Development Training Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Skillsoft
14.3.2 Wilson Learning
14.3.3 Eton Institute
14.3.4 LearnQuest
14.3.5 NIIT
14.3.6 Pearson
14.3.7 CARA Group
14.3.8 CTU
14.3.9 Dale Carnegie Training
14.3.10 GP Strategies
14.3.11 InfoPro Learning
