Report forecast the corporate training market in the US to
grow at a CAGR of 9.54% during the period 2016-2020.
Corporate training is an integral part of an organization's
discretionary budget. The primary objective of such training is to reduce both
technical and non-technical capability gaps, as well as to groom eligible
employees to move up the company's hierarchy. Intensified competition in the
corporate sector has pushed organizations into business diversification
regionally and internationally, increasing the need for proper training and
development of the workforce. Therefore, it presents a significant opportunity
for training solution providers to expand their business by offering products
and services related to corporate training.
The report covers the present scenario and the growth
prospects of the corporate training market in the US for 2016-2020. To
calculate the market size, the report considers the revenue generated through
sales of training products and related services for a fee or subscription.
According to the report, one of the major drivers for this
market is growing popularity of training through social collaboration tools. An
increasing number of organizations is incorporating social media platforms such
as Facebook, Twitter, and LinkedIn into their learning environments. Through
social networks, employees can engage in informal learning options through
blogs, wikis, and discussion forums, which are considered as effective training
tools.
Further, the report states that one of the major factors
hindering the growth of this market is rising penetration of MOOCs. MOOCs
courses are largely deployed not only by institutions but are also embraced by
the corporate sector. Many organizations worldwide are using MOOCs for
different reasons. More than 350 companies have paid Coursera and Udacity for
identifying bright students across relevant courses. The selected candidates
could further be referred as prospect candidates for specific job offers in
companies.
Corporate Training Market in the US 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 corporate training market in the US:
Articulate, GP Strategies, Miller Heiman, and Skillsoft.
Other Prominent Vendors in the market are: Allen
Interactions, Aptara, Computer Generated Solutions, Certpoint Systems,
Desire2Learn, Intuition Publishing, Interaction Associates, New Horizons
Computer Learning Centers, and NIIT.
Market driver
- Growing popularity of training through social collaboration tools
- For a full, detailed list, view our report
Market challenge
- Rising penetration of MOOCs
- For a full, detailed list, view our report
Market trend
- Corporate m-learning
- 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 57 pages and 26 Exhibits “Corporate
Training Market in the US 2016 - 2020” report covers Executive summary, Scope of the
report, Market research methodology, Introduction, Market landscape, Economic
overview, Market drivers, Impact of drivers, Market challenges, Impact of
drivers and challenges, Market trends, Corporate training market in US, Market
segmentation by product, Vendor landscape, Key vendor analysis, Other prominent
vendors, Appendix.
For
more information Visit at: http://mrr.cm/3DG
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