About Corporate Training
The organization often invest their time in the training their employees and it excessively hampers the productivity of the company. The training of new hires and up-gradation of skills affects the overall performance of the company. Hence, Corporate Training plays a vital role in the company as it includes various activities and lessons for employees for their professional development. Organizations are now implementing the different corporate training program which addresses specific needs, promotes new working practices and standards. Focusing on professional development through corporate training helps employees in improving their skills and enhance their overall performance.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 9.73% |
Competition among existing players is due to the Corporate Training market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Corporate Training Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Corporate Training market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco (United States), SAP (Germany), Microsoft Corporation (United States), McKinsey & Company (United States), International Business Machines Corporation (United States), Skillsoft (United States), GP Strategies (United States), Miller Heiman Group, Inc. (United States), Articulate (United States), Computer Generated Solutions (United States), New Horizons Computer Learning Centers (United States), Desire2Learn (Canada), NIIT (India), Wilson Learning Worldwide (Japan) and Interaction Associates (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Tata Interactive Systems (India), Global Training Solutions (Canada), City & Guilds Group (United Kingdom), CrossKnowledge (France) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Corporate Training market by Type (Internal (In-House) and External (Outsourcing, Contractual etc)), Application (Small Enterprises, Medium Enterprises and Large Enterprises) and Region.
On the basis of geography, the market of Corporate Training has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Function, the sub-segment i.e. Technical will boost the Corporate Training market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Verticals, the sub-segment i.e. Health Care will boost the Corporate Training market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Micro Learning Across Industries and Emergence of Cost-effective E-learning Training Modules
Market Growth Drivers:
Rising Skill Gaps Across Industries and Growing Need to Fill Them and Growing Focus on Employee Skill and Performance Enhancement to Boost Productivity
Challenges:
Building Enterprise Culture Favorable to Learning and Dependence on Collaboration Tools
Restraints:
Lack of Effective instructional Tools and Inexperience Tutors and Budgetary Concerns for Small and Medium Scale Enterprises
Opportunities:
Curation of Relevant and More Interactive Content and Growing Adoption of Blended Learning Across Enterprises
Market Leaders and their expansionary development strategies
In May 2022, eLearning Brothers, the learning services and technology company, announced that it has acquired CoreAxis, a creative training design, development, and on-demand learning resource provider.
In November 2022, iFuture Technologies launched exclusive corporate training program in Kalyan and Thane, Mumbai iFuture Technologies launches exclusive corporate training program in Kalyan and Thane, Mumbai.
Key Target Audience
Corporate Training Service Providers, Large and Medium Scale Industries, Research Institutes, Potential Investors, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.