US corporate training market size to grow by $ 19.51 billion

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Supplier Information

The corporate training market in the United States is fragmented with the presence of several global and regional players. The report also provides information on several market vendors including Adobe Inc., Cisco Systems Inc., City & Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley & Sons Inc., NIIT Ltd ., Skillsoft Ltd. and Wilson Learning Worldwide Inc., among others.

Some of the major market players are deploying various organic and inorganic growth strategies to compete in the market.

For example, in March 2021, John Wiley and Sons Inc. has partnered with NUS Advanced Computing for Executives to launch a global certification program aimed at closing the technology skills gap.

Learn more about the growth strategies adopted by vendors and their product offerings. Read a sample market research report.

Analysis of product segments

The technical training segment will provide the maximum growth opportunities in the United States corporate training market during the forecast period. The growing initiatives of the government of India, like the Make in India The Chinese government’s mission, and inclination to support the manufacturing sector, is expected to stimulate growth in manufacturing jobs in the long run. This will eventually lead to an increasing need to offer technical training to employees in the manufacturing sector during the forecast period. The technical training segment is expected to register steady growth during the forecast period due to the increasing need for skilled employees on constantly changing technologies.

Learn more about the geographic spread of this market as well as the detailed analysis of major regions. www.technavio.com/report/corporate-training-market-in-US-industry-analysis

Key market trends and challenges:

The emergence of IoT and wearable devices is one of the key trends supporting the growth in the corporate training market share. Due to the rapid adoption of digital solutions to implement e-learning, the Internet of Things and portable devices have gained traction in the corporate training industry in recent years. Smart glasses like Google Glass and smartwatches like the Apple Watch are rapidly gaining popularity with the public and corporate trainers to create interactive and immersive learning experiences. In addition, portable devices or applications appear to be the most practical and fastest solutions, ranging from recording the attendance of trainees to monitoring their performance in a room connected to the Internet. These factors will push the concept of corporate training in various industries including healthcare, manufacturing, ITeS, etc. [positively impact the market growth.

Increasing prominence of MOOCs in corporate learning might inhibit the growth of the market due to its cost-effective alternative to corporate training. MOOCs offer several advantages, such as the centralization of training components and assessments at a lower cost when compared with conventional corporate training methods. This prompts several organizations to invest in the creation of personalized MOOCs tailor-made to their core competencies and requirements. 

View free sample for highlights on market Trends & Challenges affecting the Corporate Training Market in US.

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Corporate Training Market In US Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10%

Market growth 2021-2025

USD 19.51 billion

Market structure

Fragmented

YoY growth (%)

9.31

Regional analysis

US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Adobe Inc., Cisco Systems Inc., City & Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley & 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 the 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 Us:

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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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Website: www.technavio.com/

SOURCE Technavio


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