NEW
YORK, Aug. 8, 2022 /PRNewswire/ -- The
"Corporate Training Market in US by Product (Technical courses and
Non-technical courses) and End-user (Manufacturing, Healthcare,
BFSI, IT, and Others) - Forecast and Analysis 2021-2025" report has
been added to Technavio's offering. The potential growth difference
for the corporate training market size in the US between 2020 and
2025 is USD 19.51 bn. To get the
exact yearly growth variance and the Y-O-Y growth rate, Request a
Sample Report.
Key Market Dynamics:
- Market Driver: Emergence of cost-effective e-learning training
modules
- Market Challenge: Growing prominence of MOOCs in corporate
learning
Technavio helps businesses be up-to-date with
key drivers, trends, and challenges. View our FREE PDF
Sample Report
Vendor Landscape
The corporate training market in the US is fragmented,
with the presence of several international and regional players.
Vendors are deploying various organic and inorganic growth
strategies to compete in the market. Corporate organizations are
collaborating with vendors for the development and implementation
of technical and non-technical training through digital tools owing
to the rapid shift toward digitalization. Established international
vendors that provide corporate training services in the US have a
competitive edge in the market owing to their high investment
capabilities, brand name, and large scale of operations. However,
new entrants have low entry barriers due to relaxed regulations and
easy access to distribution channels.
Market Segmentation
By product, the technical training segment will
contribute the highest market share growth during the forecast
period. Technical courses focus on training employees on knowledge
and skills that are essential and relevant to specific industries.
These courses largely include training related to plant or facility
management, new recruitment fundamentals, product and software
feature training, programming language training, sales training,
and process safety management, among others. Vendors in the
corporate training market in the US offer a range of blended,
offline, and online technical courses for a variety of technical
requirements. Organizations are increasingly adopting blended
learning approaches to train their employees on technical courses.
They are encouraging employees to undergo online skill-based
training courses and assessments due to constraints related to the
shortage of man-hours and the increase in overall training
expenses. They also organize instructor-led classroom-based
training sessions to clarify doubts and enable interactive
real-time discussions related to technical skill sets and product
knowledge between instructors and employees. The adoption of
video-based, simulation-based, and game-based elements in technical
courses improves employee engagement and ensures knowledge
retention.
The growth of this segment is expected to remain steady during
the forecast period owing to the increasing need for skilling
employees. Moreover, government initiatives are expected to fuel
the growth of manufacturing jobs, which will increase the need for
offering technical training to employees in the manufacturing
sector during the forecast period.
Learn about the contribution of each segment
summarized in concise infographics and thorough descriptions.
View a FREE PDF Sample Report
Some Companies Mentioned
- Adobe Inc.
- Cisco Systems Inc.
- City & Guilds Group
- D2L Corp.
- Franklin Covey Co.
- GP Strategies Corp.
- John Wiley & Sons Inc.
- NIIT Ltd.
- Skillsoft Ltd.
- Wilson Learning Worldwide Inc.
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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
|
Performing market
contribution
|
US at 100%
|
Key consumer
countries
|
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, and
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.
|
Browse Consumer Discretionary
Market Research Reports
Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Technical courses - Market size and forecast 2020 -
2025
- Non-technical courses - Market size and forecast 2020 -
2025
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Manufacturing - Market size and forecast 2020 - 2025
- Healthcare - Market size and forecast 2020 - 2025
- BFSI - Market size and forecast 2020 - 2025
- IT - Market size and forecast 2020 - 2025
- Others - Market size and forecast 2020 - 2025
- Market opportunity by End-user
Market Segmentation by Method
- Market segments
- Comparison by Method
- Blended learning - Market size and forecast 2020 -
2025
- Offline learning - Market size and forecast 2020 -
2025
- Online learning - Market size and forecast 2020 -
2025
- Market opportunity by Method
Customer landscape
- Volume driver - Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Adobe Inc.
- Cisco Systems Inc.
- City & Guilds Group
- D2L Corp.
- Franklin Covey Co.
- GP Strategies Corp.
- John Wiley & Sons Inc.
- NIIT Ltd.
- Skillsoft Ltd.
- Wilson Learning Worldwide Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
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Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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