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Corporate training Market Type (Technical, Non-technical) Application (Small Enterprise, Medium Enterprise, Large Enterprise) Learning Methods (Blended Learning, Offline Learning, Online Learning) : Global Opportunity Analysis and Industry Forecast, 2020-2027

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Oct 2020 | 580 Views
 
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Corporate training is a method to improve the skills, work performance, and morale of an employee. Every company uses different training methods for the development of its employees. It helps both employees as well as companies. It makes employees improve their skills and help the company with recruiting a skillful employee. Corporate training helps in advancing the skills like communications, negotiation skills, and technical skills. There are many online as well as offline training centers to provide essential training to the employees. Every company needs a skillful employee that will help to grow their company. So, many companies invest so many resources for such training.

 

Market scope and structure analysis:

                 Report Metric

                                              Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Type, Application, Learning Method, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

Cornerstone OnDemand Inc., Skillsoft, Pluralsight, Udemy, NIIT Ltd, G-Cube, MT Educare, GP Strategies Corporation, City and Guild group, Educomp.

 

COVID-19 Scenario Analysis: 

Corporate training can be online as well as offline learning, so COVID-19 has both positive and negative effects on the market. Every company has a different training method, companies which are using online learning methods can still continue their training through online portals but companies that use offline methods have to change their training method to online methods. 

It might be expensive for companies to provide training through an online portal and for some subject online training method is not right such as for technical works where we need to go on the field to learn the actual thing rather than on the online portal.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Surge in the advanced training methods, increase in mobility and cross-device compatibility and demand in skillful workers are the factors that drive the growth of the corporate training market. Advancement in technology and better courses provided by the competitors can be a threat to the market. However, the adoption of new technology, the rapid development of economies and digital platforms, and an increase in the learning requirement at the offices can be an opportunity for the growth of the market.

The global corporate training market trends are as follows:

  • The development of new training technology like AI, online classes, and virtual training has increased the scope of the Corporate training market. With the growing disparity of skills, technology, social media, and an increase in the population has made companies to opt for the corporate training.

  • An increase in the online training method has decreased the cost of the companies and is less time-consuming. Corporate training help employees to advance their skill which will help to find a better career opportunity. 

  • Some companies have collaboration with many training centers that will help them find the best asset for their company. The corporate training is using new methods like interactive video-based learning, virtual training that will engage employees and help them learn the concept in depth. 

  • Nowadays online webinars and lectures are very convenient for the workers to learn from their homes. With online methods, workers can learn according to their pace of learning and understand

 

Key Segments Covered:

             Segments

                                 Sub-segments

  Type

  • Technical
  • Non-technical

  Application

  • Small Enterprise
  • Medium Enterprise
  • Large Enterprise

  Learning Methods

  • Blended Learning
  • Offline Learning
  • Online Learning

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global corporate training industry along with the current trends and future estimations to determine the imminent investment pockets.

  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global corporate training market share.

  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global corporate training market growth scenario.

  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 

  • The report provides a detailed global corporate training market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Corporate Training Market Research Report:

  • What are the leading market players active in the corporate training market?

  • What the current trends will influence the market in the next few years?

  • What are the driving factors, restraints, and opportunities in the market?

  • What future projections would help in taking further strategic steps?

 
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