Report forecast the technical and vocational
education (TVE) market in North America to grow at a CAGR of 4.13% during the
period 2016-2020.
TVE equips people with essential skills to
successfully transition from classrooms to workplaces. In many countries, it is
referred to as technical vocational education and training (TVET). The TVE
system in North America is complex as it incorporates various grade levels,
providers, and subject areas. This complexity is because the decision-making
regarding the framework of the TVE varies from state to state. demand
The report covers the present scenario and the
growth prospects of the technical and vocational education (TVE) market in
North America for 2016-2020. To calculate the market size, the report considers
the revenue generated by private vocational and technical training institutions
and organizations from courses delivered to individuals.
The market is divided into the following
segments based on geography:
- US
- Canada
According to the report, a key growth driver is the
inherent skill gap issues. In the US, there are several unfilled job positions,
which require middle skills. For, instance lab technicians, advanced manufacturing
specialists, and computer programers. School and college curricula are not
aligned with employer expectations; employers have observed a lack of necessary
skills in employment-ready graduates. With growing concerns about skill gap,
more private TVE institutions are venturing into the market to train students
for professions that require middle skills.
Further, the report states that one challenge that
could restrict market growth is the threat from corporate training institutes.
Technical and Vocational Education (TVE) Market
in North America 2016-2020, has been prepared based on an in-depth market
analysis with inputs from industry experts. The report covers the market
landscape and its growth prospects over the coming years. The report also includes
a discussion of the key vendors operating in this market.
key players in the technical and vocational
education (TVE) market in North America: Acumen Global Training, City and
Guilds, CfPA, and SAP.
Other Prominent Vendors in the market are: Canadian
Vocational Training Center, CLC Technical Training, CleanEdison, CORE Education
& Technologies, Unitek Information Systems, and VMEdu.
Market driver
- Inherent skill gap issues
- For a full, detailed list, view our report
Market challenge
- Threat from corporate training institutes
- For a full, detailed list, view our report
Market trend
- Growing demand for middle-skill jobs among millennial workers
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 53 pages and 36 Exhibit “Technical
and Vocational Education Market in North America 2016 - 2020” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Market segmentation by product, Key leading countries, Market
drivers, Impact of drivers, Market challenges, Impact of drivers and
challenges, Market trends, Vendor landscape, Other prominent vendors, Key
vendor analysis, Appendix.
For
more information Visit at: http://mrr.cm/Jsg
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