About Corporate Training Products and Services
Corporate training is an integral part of a successful organization's discretionary budget. The primary objective of corporate training is to reduce the capability gaps, both technical and non-technical, followed by grooming eligible employees to move up a company's hierarchy. Increase in amount of trade and business has intensified competition and pushed organizations for business diversification regionally and internationally. This kind of expansion necessitated the need for proper training and development of workforce. Hence, it presents opportunity for the training solution providers to offer products and services related to training. The scope for training is widening with the adoption of such products by SMBs along with large organizations. Traditionally, training programs were designed only for the IT sector, but now the scenario is changing and other sectors have started adopting training programs for employees. Also, training programs are finding applications in managerial and leadership development, which is expected to further expand the market.
TechNavio's analysts forecast the Global Corporate Training market to grow at a CAGR of 8.77 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Corporate Training market during the period 2015-2019. To calculate the market size, the report considers revenue generated through the sales of training products and related services for a fee or subscription. Also, the report considers training programs offered via online and offline mediums to calculate the market size. However, the market size does not take into account the internal costs incurred by companies operating in this market for training their employees. As such, only the expenditure made by companies on availing outside services is considered for calculating the market size.
TechNavio's report, Global Corporate Training Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape of the Global Corporate Training market and its growth prospects in 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 – Global Corporate Training Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Corporate Training Market: GP Strategies Corp., HP, Miller Heiman Inc., Net Dimensions Ltd. and Skillsoft Corp.
Other Prominent Vendors in the market are: Allen Interactions, Aptara, Articulate , Computer Generated Solutions, Desire2Learn, Global Training Solutions, Interaction Associates, New Horizons Worldwide, NIIT, Pearson, QA, Tata Interactive Systems, Technology Transfer Services and Wilson Learning Worldwide
Commenting on the report, an analyst from Technavio’s team said: “Advances in corporate learning technology. This trend is radically changing the way companies organize training programs for their employees. With the advent of online training solutions, it has become easy for them to train geographically diversified teams. There are also new and advanced solutions for classroom training providers. Companies worldwide are showing a trend toward offering blended training sessions.”
According to the report, the need for skill development is one of the factors driving the growth of the market. Companies today are expanding their businesses worldwide and confronting global as well as regional competition. This competition is pushing companies to adopt training programs for their employees.
Further, the report states that one of the major challenges in the market is understanding the effectiveness of training programs. There is no method of evaluating the effectiveness of training programs. Companies use training programs to streamline their strategic business goals alongside skill development.
GP Strategies, HP, Miller Heiman, Net Dimensions, Skillsoft , Allen Interactions, Aptara, Articulate , Computer Generated Solutions , Desire2Learn, Global Training Solutions , Interaction Associates , New Horizons Worldwide , NIIT, Pearson, QA, Tata InteractiveSystems , Technology Transfer Services, Wilson Learning Worldwide
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