About Corporate Compliance Training
Corporate compliance training refers to the process of educating employees regarding company policies that apply to their day-to-day job responsibilities. It is an important component for businesses as it helps staff to understand the regulations that are relevant to their tasks and duties at the workplace. Proper compliance training can help companies mitigate and avoid the risk of lawsuits and heavy penalties and also improved productivity in the workplace. The market of the Corporate Compliance Training is increasing due to the organisation behaviour towards customisation
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 10.3% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Corporate Compliance Training market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
City & Guilds Kineo (United Kingdom), GP Strategies (United States), LRN (United States), SAI Global (Australia), GlobalCompliancePanel (United States), EI Design (India), Syntrio Technologies (United States), Skillsoft (United States), Blackboard (United States) and Cornerstone (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Saba (United States), NAVEX Global (United States), CrossKnowledge (France), 360training (United States) and Interactive Services (Ireland).
Segmentation Overview
AMA Research has segmented the market of Global Corporate Compliance Training market by Type (Information Security Training, Regulatory Compliance Training, Sexual Harassment Training, CoC and Ethics Training, Cyber Security Training, Diversity Training and Other Compliance Training), Application (Automotive Industry, BFSI, Consumer Goods Sector, Energy Sector and Others) and Region.
On the basis of Type, Blended are dominating the market in the year 2021On the basis of geography, the market of Corporate Compliance 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 2021. If we see Market by Courses type, the sub-segment i.e. Academic staff will boost the Corporate Compliance Training market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Delivery method, the sub-segment i.e. Offline learning will boost the Corporate Compliance Training market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Blended will boost the Corporate Compliance Training market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing popularity of mobile-based compliance training and Increased role of analytics in compliance training
Market Growth Drivers:
Availability of corporate training which is technology-enabled, Rise in continuous monitoring approach, Growing popularity of mobile-based compliance training and Increasing inclination of organizations towards customization
Challenges:
Rising compliance management system and Increased cost of developing courses
Restraints:
No consistency with the changing regulatory landscape
Opportunities:
Increasing inclination of the organization towards customized compliance training content
Market Leaders and their expansionary development strategies
Saba Software Inc., a global leader in talent development solutions, and a portfolio company of Vector Capital, announced it has closed its acquisition of Lumesse, a leading provider of talent acquisition, talent management, and learning experience technology in Europe
Kineo’s new Designing for Results eBook provides L&D professionals with 5 easy steps to creating curriculums that deliver the skills and behavioral changes that produce measurable business impact and help lay the foundation for creating a learning culture throughout any organisation
Analyst View
Increasing demand for customized courses and personalized learning to be one of the primary growth factors for the compliance training market
Key Target Audience
Corporate Compliance Training providers, Government agencies, Corporate Compliance Training solution providers, Independent Corporate Compliance Training providers, Research institutes and organizations, Research institutes and Consultancy firms
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.