Corporate Training Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Corporate Training Market: By End User Industry (BFSI, IT and Telecom, Healthcare, Automotive, and Manufacturing),  By Training Services (Technical, Leadership, Managerial, Sales, and Customer Support), By Delivery Mode (Classroom Training, Blended Training, Virtual Training, and Online Training (No Instructor)), By Organizational Size (Large Companies, Medium Companies, and Small Companies), By Designation (Managerial, Non-Managerial, and Integrated), By Deployment (On-Site and Off-Site), By Training Type (Customized and Open) and By Geography

 

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Report

Description

Corporate Training Market was valued at USD 327.2 billion in 2021 and is poised to grow at a significant CAGR of 6.9% over 2022–2028. The breakout of the COVID-19 pandemic in 2020 provided a boost to the global corporate training sector. Market dynamics transformed quickly, and the entire world went online. Virtual training received much attention. The major market players put much money into digitizing their firms. The corporate world began to utilize virtual platforms to train its employees, propelling the virtual corporate training segment to new heights. Increased internet penetration, rising adoption of smart devices, developing information technology and telecommunications platforms, and the rapid emergence of virtual corporate training platforms worldwide are some significant factors that have contributed to the growth of the corporate training market in recent years. The expanding trend of working from home, as well as a substantial move towards digital technology, is projected to help the market maintain its position in the near future and grow during the projection period. In addition, Artificial intelligence (AI) is making headway into business training. Bots are being used by service providers to help trainees through the program. Integrating artificial intelligence with a learning management system (LMS) for corporate training can help the software predict the learner’s behavior, allowing it to produce individualized learning patterns. Within the corporate training environment, voice-guided bots are used to ensure an engaging learning experience. These AI-based training systems are also benefiting from the transition to microlearning. A specialized pattern of learning is referred to as micro-learning. Learning is accomplished through quick modules that include quizzes, tiny games, and films. This trend has greatly increased people’s average retention capacity, resulting in increased demand.

Recent Market Developments:

In January 2020, Curricula closed a $3 million growth investment from RCP Equity for its “fun, story-based security awareness training platform.”

Corporate Training Market

MARKET SUMMARY
-
6.9%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.9%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Corporate Training Market

  • The global Corporate Training Market report gives comprehensive outlook on Corporate Training across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global Corporate Training Market gives historical, current, and future market sizes (US$ Mn) on the basis of end-user industry, training services, delivery mode, organizational size, designation, deployment, training type, and geography.
  • Key stakeholders of the global Corporate Training Market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global Corporate Training products.
Market Key Players
  • City & Guilds Kineo Ltd.
  • GP Strategies Corporation.
  • Miller Heiman Group, Inc.
  • SkillSoft
  • Articulate Global Inc.
  • Desire2Learn Inc.
Corporate Training Market Dynamics

Video-based e-learning is quickly becoming one of the most useful kinds of education. The use of videos in the learning process, both uploaded and streamed, has become more common as high-speed internet networks have improved. Video-based learning adds new aspects to traditional learning methods. Taking notes, providing feedback, clarifying doubts, and tracking progress, for example, have all become simple chores thanks to video integration. Furthermore, video-based learning allows the user to watch the video at any time and from any location, and learners can rewind, store, and re-watch the content at their leisure. The rapid expansion of wireless network connectivity is assisting the development of e-learning software and driving the corporate training market. However, Corporate training is available on the market, but it is very expensive, so it only attracts demand from a small market segment.


North-America Got Significant Share

Corporate Training Market

The Corporate Training market in North America is likely to hold the highest revenue share of 25.7% in 2021, and in the following years, it is predicted to increase rapidly. Factors such as the presence of many multinational corporations (MNCs) in the North American region, as well as the increasing focus of many MNCs and other large organizations on expanding their geographical presence, as well as the region's high employment rate, have a significant impact on the region's corporate training market growth. In Europe, the digitization of learning resources, the expansion of small and medium-sized firms, and the emergence of cost-effective e-learning training modules will all provide enormous growth potential in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

Corporate Training Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The corporate training market is projected to expand at a CAGR of 6.9% during the forecast period.

GP Strategies, Franklin Covey, NIIT, Learning Tree International, Global Knowledge, Pluralsight, Centre for Creative Leadership

North America is the fastest-growing region for corporate training market


Report

Table Of Content

  1. Executive Summary
  2. Global Corporate Training Market Introduction
    • Global Corporate Training Market – Taxonomy
    • Global Corporate Training Market –Definitions
      • By Training Type
      • By End User
  3. Global Corporate Training Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Corporate Training Market Dynamic Factors – Impact Analysis
    • Global Corporate Training Market – Competition Landscape
  4. Global Corporate Training Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Corporate Training Market, By Training Type, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Classroom
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • E-Learning
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Webcast
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Corporate Training Market, By End User, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Software & Technology
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Healthcare
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Retail
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Bank, Finance, & Insurance
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Manufacturing
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Government & Defense
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Telecom
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Corporate Training Market Forecast, By Region, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Corporate Training Market – Opportunity Analysis Index, By Training Type, By End User, and Region, 2019 – 2025
  2. North America Corporate Training Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Training Type Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Classroom
      • E-Learning
      • Webcast
    • End User Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Software & Technology
      • Healthcare
      • Retail
      • Bank, Finance, & Insurance
      • Manufacturing
      • Government & Defense
      • Telecom
      • Others
    • Country Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Corporate Training Market – Opportunity Analysis Index, By Training Type, By End User, and Country, 2019 – 2025
    • North America Corporate Training Market Dynamics – Trends
  3. Europe Corporate Training Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Training Type Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Classroom
      • E-Learning
      • Webcast
    • End User Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Software & Technology
      • Healthcare
      • Retail
      • Bank, Finance, & Insurance
      • Manufacturing
      • Government & Defense
      • Telecom
      • Others
    • Country Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Corporate Training Market – Opportunity Analysis Index, By Training Type, By End User, and Country, 2019 – 2025
    • Europe Corporate Training Market Dynamics – Trends
  4. Asia-Pacific Corporate Training Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Training Type Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Classroom
      • E-Learning
      • Webcast
    • End User Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Software & Technology
      • Healthcare
      • Retail
      • Bank, Finance, & Insurance
      • Manufacturing
      • Government & Defense
      • Telecom
      • Others
    • Country Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Corporate Training Market – Opportunity Analysis Index, By Training Type, By End User, and Country, 2019 – 2025
    • Asia-Pacific Corporate Training Market Dynamics – Trends
  5. Latin America Corporate Training Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Training Type Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Classroom
      • E-Learning
      • Webcast
    • End User Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Software & Technology
      • Healthcare
      • Retail
      • Bank, Finance, & Insurance
      • Manufacturing
      • Government & Defense
      • Telecom
      • Others
    • Country Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Corporate Training Market – Opportunity Analysis Index, By Training Type, By End User, and Country, 2019 – 2025
    • Latin America Corporate Training Market Dynamics – Trends
  6. Middle East and Africa Corporate Training Market Analysis, 2013 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Training Type Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Classroom
      • E-Learning
      • Webcast
    • End User Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Software & Technology
      • Healthcare
      • Retail
      • Bank, Finance, & Insurance
      • Manufacturing
      • Government & Defense
      • Telecom
      • Others
    • Country Analysis 2013 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Corporate Training Market – Opportunity Analysis Index, By Training Type, By End User, and Country, 2019 – 2025
    • MEA Corporate Training Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Training Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • City & Guilds Kineo Ltd.
      • GP Strategies Corporation.
      • Miller Heiman Group, Inc.
      • SkillSoft
      • Articulate Global Inc.
      • CGS
      • Desire2Learn Inc.
      • Global Training Services Inc.
      • Interaction Associates Inc.
      • New Horizons Computer Learning Centers Inc.
      • NIIT Ltd.
      • QA
      • TATA Interactive Services.
      • Wilson Learning Worldwide.
      • Ernst & Young.
      • PWC
      • Deloitte
      • KPMG
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • GP Strategies
  • Franklin Covey
  • NIIT
  • Learning Tree International
  • Global Knowledge
  • Pluralsight
  • Centre for Creative Leadership
  • Skillsoft
  • Udemy
  • Udacity
  • Coursera
  • Simplilearn

Description

Corporate Training Market was valued at USD 327.2 billion in 2021 and is poised to grow at a significant CAGR of 6.9% over 2022–2028. The breakout of the COVID-19 pandemic in 2020 provided a boost to the global corporate training sector. Market dynamics transformed quickly, and the entire world went online. Virtual training received much attention. The major market players put much money into digitizing their firms. The corporate world began to utilize virtual platforms to train its employees, propelling the virtual corporate training segment to new heights. Increased internet penetration, rising adoption of smart devices, developing information technology and telecommunications platforms, and the rapid emergence of virtual corporate training platforms worldwide are some significant factors that have contributed to the growth of the corporate training market in recent years. The expanding trend of working from home, as well as a substantial move towards digital technology, is projected to help the market maintain its position in the near future and grow during the projection period. In addition, Artificial intelligence (AI) is making headway into business training. Bots are being used by service providers to help trainees through the program. Integrating artificial intelligence with a learning management system (LMS) for corporate training can help the software predict the learner’s behavior, allowing it to produce individualized learning patterns. Within the corporate training environment, voice-guided bots are used to ensure an engaging learning experience. These AI-based training systems are also benefiting from the transition to microlearning. A specialized pattern of learning is referred to as micro-learning. Learning is accomplished through quick modules that include quizzes, tiny games, and films. This trend has greatly increased people’s average retention capacity, resulting in increased demand.

Recent Market Developments:

In January 2020, Curricula closed a $3 million growth investment from RCP Equity for its “fun, story-based security awareness training platform.”

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