NEW YORK, Dec. 18, 2024 /PRNewswire/ — The global corporate training market size is estimated to grow by USD 43.86 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of 7.8% during the forecast period.
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Report Attribute
Details
Base Year
2024
Forecast period
2025-2029
Historic Data for
2019 – 2023
Segments Covered
Product (Technical training and Non-technical training), Type (Blended and
E-learning), and Geography (North America, Europe, APAC, South
America, and Middle East and Africa)
Key Companies Covered
Adobe Inc., Articulate Global Inc., Blanchard Training and Development
Inc., BTS Group AB, Cegos Group, Cisco Systems Inc., City and Guilds
Group, D2L Inc., DEMOS, Development Dimensions International Inc.,
Educomp Solutions Ltd., Franklin Covey Co., John Wiley and Sons Inc.,
Korn Ferry, Learning Technologies Group Plc, Mind Gym Plc, NIIT Ltd.,
Richardson Sales Performance, Simplilearn, and Skillsoft Corp.
Regions Covered
North America, Europe, APAC, South America, and Middle East and Africa
Region Outlook
North AmericaEuropeAsiaRest of World
1. North America – North America is estimated to contribute 46%. To the growth of the global market. The Corporate Training Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. In today’s knowledge-based economy, continuous learning and development have become essential for businesses to maintain a competititive edge. Skills and competencies are the keys to an adaptable workforce, enabling sustainable growth in a rapidly innovating business environment. Digital transformation and technological adoption are driving the need for digital skills and literacy, with digital tools, automation, and artificial intelligence becoming increasingly prevalent. Specialized training programs are necessary to meet organizational requirements, yet budget and economic uncertainty, as well as time constraints and work schedules, can pose challenges. Employee engagement and satisfaction are crucial for productivity and efficiency, with data analytics and continuous measurement providing valuable feedback for quality training. The FMCG industry, with its focus on operational efficiency and rapid innovation, requires a continuous learning culture to adapt and thrive. Chatbots and virtual assistants offer personalized learning experiences, while continuous measurement and feedback ensure the effectiveness of training programs. Employee morale and turnover rates are directly impacted by the availability and accessibility of quality training, making it a worthwhile investment despite budget constraints.
The corporate training market is a significant sector, providing businesses with essential skills development for their workforce. Companies invest in various training programs to enhance employee productivity and performance. These programs cover areas like communication skills, technical skills, and compliance training. Training methods include in-person sessions, e-learning, and blended learning. The market is continually evolving, with advancements in technology driving new trends, such as virtual reality and gamification. Effective training strategies help businesses stay competitive and adapt to industry changes.
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Segmentation Overview
Product 1.1 Technical training1.2 Non-technical trainingType 2.1 Blended2.2 E-learningGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa
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1.1 Fastest growing segment:
The corporate training market is a significant sector, providing businesses with essential skills development for their workforce. Companies invest in various training programs to enhance employee productivity and performance. These programs cover areas like communication, leadership, technical skills, and compliance. Training methods include in-person sessions, e-learning, and blended models. The market is continuously evolving, with technology playing a crucial role in delivering effective and efficient training solutions.
Research Analysis
The Corporate Training Market is a dynamic and evolving industry focused on upskilling and reskilling employees to meet business goals in today’s knowledge-based economy. Remote work and virtual training methods have become increasingly popular, enabling continuous learning and development of soft skills, technical skills, and diversity initiatives. Workplace learning through various learning activities is essential for employee performance, retention, and adapting to changing business environments. Industries like Pharmaceutical and Healthcare, Financial Services, Professional Services, Public Enterprises, and Information Technology are significant consumers of corporate training. Learning Management Systems and mobile devices facilitate e-learning, making training more accessible and efficient. The focus on continuous learning and development is crucial for businesses to remain competitive and adapt to technological advancements.
Market Overview
The Corporate Training Market is a dynamic and evolving industry focused on upskilling and reskilling employees to meet the demands of a knowledge-based economy. With the shift to remote work and the increasing importance of soft skills, workplace learning has become a priority for businesses aiming for sustainable growth and competitiveness. Learning activities encompass a range of methods, including virtual training, continuous learning, and specialized programs, to develop the skills and competencies required for digital transformation and technological adoption. Employees are the backbone of every organization, and their performance and retention are crucial to business goals. Training providers offer various methods to cater to organizational requirements and budget constraints, including virtual training, mobile devices, and e-learning. Digital tools such as learning management systems, chatbots, and virtual assistants facilitate personalized and continuous measurement, feedback, and quality training. In today’s rapidly innovating world, industries such as FMCG, Pharmaceutical and Healthcare, Financial Services, Professional Services, Public Enterprises, and Information Technology rely on continuous learning cultures to adapt to economic uncertainty and financial constraints. Digital literacy and skills, including those related to automation, artificial intelligence, and data analytics, are essential for an adaptable workforce. Training methods must cater to various organizational requirements and employee constraints, such as time, work schedules, and engagement levels. Continuous measurement, feedback, and personalization are crucial for employee satisfaction and morale, which in turn impact turnover rates. Ultimately, the goal is to create a culture of continuous learning that fosters productivity, efficiency, and a high-performing workforce.
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Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Venodr Landscape
11 Vendor Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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