Report forecast the global corporate
training market to grow at a CAGR of 9.79% during the period 2018-2022.
Corporate training involves activities and
lessons for employees for their professional development. Focusing on
professional development through corporate training helps employees in
improving their skills and enhancing their performance. Employers use training
to acclimate new employees, teach current employees new skills for the same
job, and to advance employees into jobs requiring different skill sets.
Training could be specific to acompany or it could be general.
The report covers the present scenario and
the growth prospects of the global corporate training market for 2018-2022. To
calculate the market size, the report considers the revenue generated through
the sales of training products and related services onapay-and-use basis or
subscription.
The
market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the major
drivers for this market is Emergence of cost-effective e-learning training
modules. Corporate training is one of the key expenses of any organization. The
overall productivity of any company depends significantly on how well new hires
are being trained and the existing employees are upgrading their skills.
Therefore, organizations are increasingly adopting innovative and
cost-effective ways to train their employees. Costs associated with traditional
training in a brick-and-mortar setup, which includes traveling expenses,
employee and trainer time, and facility charges are considerably high. In
addition, costs associated with printing instruction materials and assessment
papers are higher compared with just making them available online and giving
employees access to the Internet and digital content.
Further, the report states that one of the
major factors hindering the growth of this market is Budgetary concerns. with
sufficient budgets own essential hardware and software solutions or systems.
These are required to implement 21st-century corporate training, with which it
is easy to attract employees willing to learn in a digitally advanced learning
environment. However, organizations with limited budget may prefer continuing
with the conventional training methodologies, without incurring extra
expenditure on buying new tools and technologies. This, in turn, may hamper the
growth of the market during 2017-2022. In addition, the switching cost from one
technology or tool, take for instance an LMS, could be immensely expensive for
companies with limited budgets.
Global
Corporate Training Market 2018-2022, 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 global corporate
training market: City & Guilds Group, D2L, GP Strategies, NIIT, Skillsoft,
and Wilson Learning Worldwide.
Market
driver
- Emergence of cost-effective e-learning training modules
- For a full, detailed list, view our report
Market
challenge
- Budgetary concerns
- For a full, detailed list, view our report
Market
trend
- Emergence of IoT and wearable devices
- For a full, detailed list, view our report
Key
questions answered in this report
- What will the market size be in 2022 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?
Spanning over 134 pages “Global
Corporate Training Market 2018 - 2022” report covers Executive
summary, Introduction, Scope of the report, Research Methodology, Market
landscape, Market Sizing, Five Forces Analysis, Market Segmentation By Product,
Customer Landscape, Regional Landscape, Decision Framework, Drivers And
Challenges, Market Trends, Vendor Landscape, Vendor Analysis, Appendix.
Please visit this link for more details: http://mrr.cm/UQc
For related reports please visit: Training Market Research Reports
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