Market Overview:
The global online course for vocational skills training market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for skilled workforce, rising number of working professionals, and growing popularity of online courses among students. The global online course for vocational skills training market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into academic subjects, career development courses, IT operations courses, computer programming courses marketing courses and others. The academic subjects segment dominates the global online course for vocational skills training market with a share of more than 50%. This can be attributed to an increase in demand for skilled professionals in various industries such as engineering & construction automotive & transportation healthcare & life sciences media & entertainment retail BFSI etc.
Product Definition:
A course that provides vocational skills training online. This type of training is important because it allows employees to learn new skills in a flexible and convenient way.
Academic Subjects:
Academic subjects are those courses that are offered to all students of a particular discipline at a particular educational institute. For instance, the subject Mathematics is offered to all the students studying in Class X at Std.X School and every class at X school offers this subject.
Career Development:
Career development is the process of planning, implementing and evaluating educational programs that help individuals to enhance their employability. It includes providing guidance in selecting courses that will help them gain relevant skills for a career or further education. Online course for Vocational Skill Training helps develop employability through customized training programs which are flexible and convenient as per the need & availability of learning time. These online courses also provide personalized feedback which helps in enhancing one's self-efficiency along with improving job performance.
Application Insights:
The large enterprises segment held the largest share of over 60.0% in 2017. The growth can be attributed to the high adoption of online courses for professional skills training offered by large enterprises. Large companies offer online courses to their employees so that they can stay competitive in a fast-changing world where new technologies are being adopted rapidly and new business models are being developed quickly, thereby offering flexibility and convenience to the learners while improving employee productivity at a same time.
Online coursework provided by universities, colleges, and other institutions is also gaining popularity among students as an alternative method for learning compared with classroom based education due to various benefits associated such as self-paced learning environment which helps them cover all lessons in class without any distraction; revision options available after each lesson; ability to repeat or retake exams until they get perfect score; ability select specific topics for studies according these interests etcetera (Reddy & Reddy 2016).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This growth can be attributed to several factors such as increasing demand for online education, high internet penetration, and presence of prominent players offering these courses globally. Moreover, growing awareness regarding career development and changing labor market dynamics is anticipated to propel regional growth over the forecast period.
Asia Pacific is projected to emerge as a lucrative region during the same period owing to increasing adoption of online learning platforms by educational institutions offering vocational skills training programs in this region coupled with rising demand from students for flexible learning schedules that do not conflict with work commitments or study requirements at workplace etc., which has led major companies worldwide providing such courses into opening up their Asia Pacific offices catering specifically only for online learners thereby driving regional growth over the next eight years.
Growth Factors:
- Increasing demand for skilled workforce: The global economy is witnessing a shift in the production landscape with the rise of advanced economies and the growth of service sectors. This has led to an increased demand for skilled workers, who can operate sophisticated equipment and processes. Vocational skills training helps meet this demand by providing individuals with the necessary skills to be productive members of the workforce.
- Rapid technological advancements: Technology is evolving at a rapid pace, and businesses are constantly looking for employees who are up-to-date with the latest trends and developments. Vocational skills training equips learners with essential technology skills that can help them stay ahead in today’s competitive job market.
- Shifting demographics: The world’s population is aging rapidly, which has led to an increase in the number of retirees relative to working-age adults. This presents a challenge for many economies as they struggle to find ways to support their growing elderly population without compromising economic growth prospects . Vocational skills training can help bridge this gap by preparing older adults for new career opportunities that match their interests and abilities .
Scope Of The Report
Report Attributes
Report Details
Report Title
Online Course for Vocational Skills Training Market Research Report
By Type
Academic Subjects, Career Development, It Operations, Computer Programming, Marketing, Others
By Application
Small Businesses, Mid-size Business, Large Enterprises
By Companies
LinkedIn Learning, Pluralsight, Udemy, Udacity, HubSpot Academy, Coursera, A Cloud Guru, CBT Nuggets, Infosec Skills, ITProTV
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 Online Course for Vocational Skills Training Market Report Segments:
The global Online Course for Vocational Skills Training market is segmented on the basis of:
Types
Academic Subjects, Career Development, It Operations, Computer Programming, Marketing, Others
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 Businesses, Mid-size Business, 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:
- LinkedIn Learning
- Pluralsight
- Udemy
- Udacity
- HubSpot Academy
- Coursera
- A Cloud Guru
- CBT Nuggets
- Infosec Skills
- ITProTV
Highlights of The Online Course for Vocational Skills 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:
- Academic Subjects
- Career Development
- It Operations
- Computer Programming
- Marketing
- Others
- By Application:
- Small Businesses
- Mid-size Business
- 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 Online Course for Vocational Skills 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.
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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?
An online course is a type of educational program that takes place over the internet. It is typically delivered in an asynchronous format, which means that students are not required to attend class together.
Some of the major players in the online course for vocational skills training market are LinkedIn Learning, Pluralsight, Udemy, Udacity, HubSpot Academy, Coursera, A Cloud Guru, CBT Nuggets, Infosec Skills, ITProTV.
The online course for vocational skills 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 Online Course for Vocational Skills 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 Online Course for Vocational Skills Training Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Online Course for Vocational Skills 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 Online Course for Vocational Skills 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 Online Course for Vocational Skills Training Market Size & Forecast, 2018-2028
4.5.1 Online Course for Vocational Skills Training Market Size and Y-o-Y Growth
4.5.2 Online Course for Vocational Skills Training Market Absolute $ Opportunity
Chapter 5 Global Online Course for Vocational Skills Training 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 Online Course for Vocational Skills Training Market Size Forecast by Type
5.2.1 Academic Subjects
5.2.2 Career Development
5.2.3 It Operations
5.2.4 Computer Programming
5.2.5 Marketing
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Online Course for Vocational Skills Training 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 Online Course for Vocational Skills Training Market Size Forecast by Applications
6.2.1 Small Businesses
6.2.2 Mid-size Business
6.2.3 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Online Course for Vocational Skills 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 Online Course for Vocational Skills 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 Online Course for Vocational Skills Training Analysis and Forecast
9.1 Introduction
9.2 North America Online Course for Vocational Skills Training 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 Online Course for Vocational Skills Training Market Size Forecast by Type
9.6.1 Academic Subjects
9.6.2 Career Development
9.6.3 It Operations
9.6.4 Computer Programming
9.6.5 Marketing
9.6.6 Others
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 Online Course for Vocational Skills Training Market Size Forecast by Applications
9.10.1 Small Businesses
9.10.2 Mid-size Business
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 Online Course for Vocational Skills Training Analysis and Forecast
10.1 Introduction
10.2 Europe Online Course for Vocational Skills Training 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 Online Course for Vocational Skills Training Market Size Forecast by Type
10.6.1 Academic Subjects
10.6.2 Career Development
10.6.3 It Operations
10.6.4 Computer Programming
10.6.5 Marketing
10.6.6 Others
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 Online Course for Vocational Skills Training Market Size Forecast by Applications
10.10.1 Small Businesses
10.10.2 Mid-size Business
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 Online Course for Vocational Skills Training Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Online Course for Vocational Skills Training 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 Online Course for Vocational Skills Training Market Size Forecast by Type
11.6.1 Academic Subjects
11.6.2 Career Development
11.6.3 It Operations
11.6.4 Computer Programming
11.6.5 Marketing
11.6.6 Others
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 Online Course for Vocational Skills Training Market Size Forecast by Applications
11.10.1 Small Businesses
11.10.2 Mid-size Business
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 Online Course for Vocational Skills Training Analysis and Forecast
12.1 Introduction
12.2 Latin America Online Course for Vocational Skills Training 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 Online Course for Vocational Skills Training Market Size Forecast by Type
12.6.1 Academic Subjects
12.6.2 Career Development
12.6.3 It Operations
12.6.4 Computer Programming
12.6.5 Marketing
12.6.6 Others
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 Online Course for Vocational Skills Training Market Size Forecast by Applications
12.10.1 Small Businesses
12.10.2 Mid-size Business
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) Online Course for Vocational Skills Training Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Online Course for Vocational Skills Training 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) Online Course for Vocational Skills Training Market Size Forecast by Type
13.6.1 Academic Subjects
13.6.2 Career Development
13.6.3 It Operations
13.6.4 Computer Programming
13.6.5 Marketing
13.6.6 Others
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) Online Course for Vocational Skills Training Market Size Forecast by Applications
13.10.1 Small Businesses
13.10.2 Mid-size Business
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 Online Course for Vocational Skills Training Market: Competitive Dashboard
14.2 Global Online Course for Vocational Skills Training Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LinkedIn Learning
14.3.2 Pluralsight
14.3.3 Udemy
14.3.4 Udacity
14.3.5 HubSpot Academy
14.3.6 Coursera
14.3.7 A Cloud Guru
14.3.8 CBT Nuggets
14.3.9 Infosec Skills
14.3.10 ITProTV
