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Global Corporate Training Market 2018-2022

Global Corporate Training Market 2018-2022

About Corporate Training

Corporate training involves activities and lessons for employees for their professional development. Focusing on professional development through corporate training helps employees in improving their skills and enhancing their performance. Employers use training to acclimate new employees, teach current employees new skills for the same job, and to advance employees into jobs requiring different skill sets. Training could be specific to acompany or it could be general.

Technavio’s analysts forecast the global corporate training market to grow at a CAGR of 9.79% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global corporate training market for 2018-2022. To calculate the market size, the report considers the revenue generated through the sales of training products and related services onapay-and-use basis or subscription.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Corporate Training Market 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.

Key vendors
  • City & Guilds Group
  • D2L
  • GP Strategies
  • NIIT
  • Skillsoft
  • Wilson Learning Worldwide
Market driver
  • Emergence of cost-effective e-learning training modules
  • For a full, detailed list, view our report
Market challenge
  • Budgetary concerns
  • For a full, detailed list, view our report
Market trend
  • Emergence of IoT and wearable devices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Corporate Training Market 2018-2022

Technavio recognizes the following companies as the key players in the global corporate training market: City & Guilds Group, D2L, GP Strategies, NIIT, Skillsoft, and Wilson Learning Worldwide.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of IoT and wearable devices. The Internet of Things (IoT) and wearable devices have gained traction in the corporate training industry over the last few years. This is owing to the rapid adoption of digital solutions to implement e-learning. Wearable devices or apps are emerging as the most convenient and time-saving solutions, right from logging attendance of trainees to monitoring their performances in an Internet-enabled room. Smart glasses such as Google Glass and smartwatches such as the Apple Watch are rapidly gaining popularity among audiences and corporate trainers to create interactive and immersive learning experiences.”

According to the report, one of the major drivers for this market is Emergence of cost-effective e-learning training modules. Corporate training is one of the key expenses of any organization. The overall productivity of any company depends significantly on how well new hires are being trained and the existing employees are upgrading their skills. Therefore, organizations are increasingly adopting innovative and cost-effective ways to train their employees. Costs associated with traditional training in a brick-and-mortar setup, which includes traveling expenses, employee and trainer time, and facility charges are considerably high. In addition, costs associated with printing instruction materials and assessment papers are higher compared with just making them available online and giving employees access to the Internet and digital content.

Further, the report states that one of the major factors hindering the growth of this market is Budgetary concerns. with sufficient budgets own essential hardware and software solutions or systems. These are required to implement 21st-century corporate training, with which it is easy to attract employees willing to learn in a digitally advanced learning environment. However, organizations with limited budget may prefer continuing with the conventional training methodologies, without incurring extra expenditure on buying new tools and technologies. This, in turn, may hamper the growth of the market during 2017-2022. In addition, the switching cost from one technology or tool, take for instance an LMS, could be immensely expensive for companies with limited budgets.

Companies Mentioned

City & Guilds Group, D2L, GP Strategies, NIIT, Skillsoft, and Wilson Learning Worldwide.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Global education market
    • Corporate training model
      • Table Corporate training: Value chain
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global corporate training market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global corporate training market - Market size and forecast 2017-2022 ($ bn)
      • Table Global corporate training market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product
    • Segmentation by product
      • Table Global corporate training market by product - Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Technical training - Market size and forecast 2017-2022
      • Table Global corporate training market by technical training - Market size and forecast 2017-2022 ($ bn)
      • Table Global corporate training market by technical training - Year-over-year growth 2018-2022 (%)
    • Non-technical training - Market size and forecast 2017-2022
      • Table Global corporate training market by non-technical training - Market size and forecast 2017-2022 ($ bn)
      • Table Global corporate training market by non-technical training - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer Landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global corporate training market by geography - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Corporate training market in Americas - Market size and forecast 2017-2022 ($ bn)
      • Table Corporate training market in Americas - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • EMEA - Market size and forecast 2017-2022
      • Table Corporate training market in EMEA - Market size and forecast 2017-2022 ($ bn)
      • Table Corporate training market in EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • APAC - Market size and forecast 2017-2022
      • Table Corporate training market in APAC - Market size and forecast 2017-2022 ($ bn)
      • Table Corporate training market in APAC - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • Market opportunity by geography
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Emergence of IoT and wearable devices
    • Increasing use of gamification in corporate training
    • Growing popularity of learning analytics
    • Surging awareness of social learning
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • City & Guilds Group
      • Table Vendor overview
      • Table City & Guilds Group - Business segments
      • Table City & Guild Group - Organizational developments
      • Table City & Guild Group - Geographic focus
      • Table City & Guild Group - Segment focus
      • Table City & Guild Group - Key offerings
    • D2L
      • Table Vendor overview
      • Table D2L- Business segments
      • Table D2L - Organizational developments
      • Table D2L - Geographic focus
      • Table D2L - Product focus
      • Table D2L - Key offerings
    • GP Strategies
      • Table Vendor overview
      • Table GP Strategies - Business segments
      • Table GP Strategies - Organizational developments
      • Table GP Strategies - Geographic focus
      • Table GP Strategies - Segment focus
      • Table GP Strategies - Key offerings
    • NIIT
      • Table Vendor overview
      • Table NIIT - Business segments
      • Table NIIT - Organizational developments
      • Table NIIT - Geographic focus
      • Table NIIT - Segment focus
      • Table NIIT- Key offerings
    • Skillsoft
      • Table Vendor overview
      • Table Skillsoft - Business segments
      • Table Skillsoft - Organizational developments
      • Table Skillsoft - Geographic focus
      • Table Skillsoft - Segment focus
      • Table Skillsoft - Key offerings
    • Wilson Learning Worldwide
      • Table Vendor overview
      • Table Wilson Learning Worldwide - Business segments
      • Table Wilson Learning Worldwide - Organizational developments
      • Table Wilson Learning Worldwide - Geographic focus
      • Table Wilson Learning Worldwide - Segment focus
      • Table Wilson Learning Worldwide - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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