Corporate Training Market in the US 2018-2022
About Corporate Training
Corporate training involves activities and lessons for the professional development of employees and helps in improving their skills and enhancing their performance. Employers use training for new employees, to teach new skills to current employees for the same job, and to facilitate the advancement of employees into jobs requiring different skill sets.
Technavio’s analysts forecast the corporate training market in the US to grow at a CAGR of 9.92% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the corporate training market in the US for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, Corporate Training Market in the US 2018-2022, 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.
Technavio Announces the Publication of its Research Report – Corporate Training Market in the US 2018-2022
Technavio recognizes the following companies as the key players in the corporate training market in the US: City & Guilds Group, CrossKnowledge, Desire2Learn, GP Strategies, NIIT, Skillsoft, and Wilson Learning Worldwide.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for microlearning. Microlearning or bite-sized learning allows learners to get trained in a self-paced learning environment. Furthermore, companies in the corporate training industry have also leveraging microlearning for creating innovative content including infographics, videos, texts, audios, and animations.”
According to the report, one driver in the market is structural changes in the manufacturing industry. With the growing skill gaps among the existing employees in the manufacturing sector due to the rapid introduction of new machines in business operations, the need for equipping these employees with ad-hoc training sessions has increased considerably in the recent years.
Further, the report states that one challenge in the market is law acceptance of development courses among learners. Organizations face a challenge in garnering positive employee participation in training and development programs. Factors such as substandard training, time-consuming modules, and laborious effort discourage the participation of employees.
City & Guilds Group
Wilson Learning Worldwide