Global Corporate Leadership Training Market 2017-2021
About Corporate Leadership Training
Corporate training is provided to employees of an organization to bridge the learning gap. The learning gap emerges when the knowledge gained in universities and colleges is not enough to help an individual perform at workplaces. The foremost benefit of providing this training is that employees become well-aware of their roles and responsibilities related to the job.
Technavio’s analysts forecast the global corporate leadership training market to grow at a CAGR of 14.10% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global corporate leadership training market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Corporate Leadership Training Market 2017-2021
Technavio recognizes the following companies as the key players in the global corporate leadership training market: Cegos, Dale Carnegie Training, Franklin Covey, and Skillsoft.
Other Prominent Vendors in the market are: AchieveForum, American Management Association, BTS, Center for Creative Leadership, Global Knowledge, GP Strategies, Harvard Business Publishing, Linkage, The Ken Blanchard Companies, VitalSmarts, and Wilson Learning.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased integration of e-learning. It is noted that many organizations have offices at multiple locations across the world and have been providing face-to-face training that could be expensive as well as burdensome. Training provided through e-learning helps organizations in reducing travel costs and charges related to establishing training centers in multiple locations.”
According to the report, one of the major drivers for this market is Average tenure of leadership training is long — Benefit for vendor. Companies leadership trainings are sustained investment outlays incurred by most organizations. This is because leadership training programs provide long-term benefits and are lengthy processes. In the US, companies spend around $3,500 on leadership training per person for mid-level employees and about $10,000 for developing senior leaders.
Further, the report states that one of the major factors hindering the growth of this market is Challenges in measuring performance through corporate leadership training programs. The primary issue faced by the global corporate leadership training market is the measurement of employee performance for succession planning. Corporate leadership training programs have no fixed parameters for measuring employee performance. Evaluation of performance helps in identifying the most efficient employee from the group, which is to facilitate the individual's promotion. It is noted that in many organizations employees who perform in non-management roles get promoted at a faster rate than their peers.
Cegos, Dale Carnegie Training, Franklin Covey, Skillsoft, AchieveForum, American Management Association, BTS, Center for Creative Leadership, Global Knowledge, GP Strategies, Harvard Business Publishing, Linkage, The Ken Blanchard Companies, VitalSmarts, and Wilson Learning.
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