About Learning Services Outsourcing
Learning services outsourcing is one of the growing trends in the training industry, which helps in the declining Youth unemployment rate in high population regions. Funding vocational training provides skill development training, new training methods, and others. This highly supports economic growth. In these various leading organizations, financial banks, governments, and other industry bodies provide funds to improve workforce productivity through innovative training programs. As unemployment is one of the most suppressing social and economic issues that less developed countries face today. It is one promising road for addressing the rising unemployment issue across the globe, majorly suffers from particularly high youth unemployment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies are exploring in this industry, they are exploring their footprints in new geographical regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new services launch, and many more. To capture market growth opportunities various players are entering this market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Learning Services Outsourcing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Caveo Learning (United States), Judge Learning Solutions (United States), NetCom Learning (United States), The Training Associates Corporation (Canada), Cognizant (United States), Cegos (France), LEO Learning (United Kingdom), GP Strategies Corporation (United States) and Tata Interactive Systems (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are NIIT (India), AllenComm (United States) and Conduent (New Jersey).
Segmentation Overview
AMA Research has segmented the market of Global Learning Services Outsourcing market by , Application (Certificate, Diploma and Others) and Region.
On the basis of geography, the market of Learning Services Outsourcing 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). If we see Market by End Users, the sub-segment i.e. Academic will boost the Learning Services Outsourcing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Health Care will boost the Learning Services Outsourcing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode, the sub-segment i.e. E-Learning will boost the Learning Services Outsourcing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Development Such as Online & Blended Learning, Tele-Education, and Others
Market Growth Drivers:
Young people are confronted with multiple challenges majorly rising unemployment rates because of rising economic crises. Africa is the only region where the youth bulge will continue to grow in the foreseeable future, presenting both an opportunity to gain the demographic dividend and an impending time bomb and threat to social unity as well as massive migration in search of opportunities if appropriate policies are not implemented to harness the dividend.
Challenges:
Lack of Awareness Among End Users and Lack of Vital Training Equipment
Restraints:
High Cost Associated with Learning Services Outsourcing
Opportunities:
With the growing requirement of skill development across various individuals and small and medium-sized enterprises. Along with this increase in initiatives from the government for establishing and optimizing such an environment, majorly in areas where the market mechanism fails in allocating resources.
Market Leaders and their expansionary development strategies
In January 2022, Public Knowledge's has acquired of Bulletproof Educational Services positions the firm to offer the full range of learning solutions to its current and future clients.This acquisition allows Public Knowledge to do this work with its own talented team, providing greater value and faster turnaround.
In Aug 2020, Echelom Solution Group announced its agreement with SixAce Global for business process outsourcing. The company acquired is providing end-to-end consultancy and outsourcing services across India, the USA, Canada, and Australia. Through this initiative, the company is enhancing its services in education outsourcing services.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Learning Services Outsourcing Providers, Government Regulatory and Research Organizations and End-Use Industries
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.