Corporate Training Market Size to Grow by USD 46.22 Billion, Emergence of Cost-effective E-learning Training Modules to Drive Growth - Technavio

NEW YORK, Aug. 29, 2022 /PRNewswire/ -- The corporate training market is driven by factors such as the emergence of cost-effective e-learning training modules. Many organizations are adopting innovative and cost-effective ways to train their employees. Vendors are offering technologies, solutions, systems, and courses at affordable rates to corporations. The transition from conventional training to e-learning helps corporations save employees' working hours. Moreover, the rising popularity of online learning has helped employees save their time and money in reskilling.

The corporate training market size is expected to grow by USD 46.22 billion from 2021 to 2026. In addition, the growth momentum of the market is anticipated to accelerate at a CAGR of 8.77% during the forecast period.

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Vendor Landscape

The corporate training market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. There are several international and regional players offering innovative, technologically advanced training solutions. The global corporate training market offers numerous revenue-generation opportunities. Continuous mergers and acquisitions in the global corporate training market are intensifying the market competition. Collaboration with emerging start-ups allow established players to leverage advantages offered by their products and enhance their product portfolio. Market vendors are also increasing partnerships with cloud service providers and enablers to implement systems and solutions for enhancing the training quality and measuring the results effectively. Moreover, the rapid penetration of mobile devices and the increasing digital literacy among employees have encouraged market participants to implement online or web-based training modules to keep learners engaged in the training process. Therefore, with the continuously increasing investments, collaborations, partnerships, and mergers and acquisitions, the market is expected to witness exponential growth during the forecast period.

Major Corporate Training Companies

• Adobe Inc.
• Berlitz Corp.
• Blanchard Training and Development Inc.
• BTS Group AB
• Cisco Systems Inc.
• City and Guilds Group
• D2L Corp.
• DEMOS Group
• Development Dimensions International Inc.
• Franklin Covey Co.
• Interaction Associates Inc.
• Learning Technologies Group Plc
• NIIT Ltd.
• PinPoint Workforce Inc.
• Richardson Sales Performance
• Simplilearn Solutions Pvt. Ltd.
• Skillsoft Ltd.
• Wilson Learning Worldwide Inc.
• Mind Gym Plc
• John Wiley and Sons Inc.

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Corporate Training Market Product Outlook (Revenue, USD bn, 2021-2026)

• Technical training - size and forecast 2021-2026
• Non-technical training - size and forecast 2021-2026

Corporate Training Market Geography Outlook (Revenue, USD bn, 2021-2026)

• North America - size and forecast 2021-2026
• Europe - size and forecast 2021-2026
• APAC - size and forecast 2021-2026
• South America - size and forecast 2021-2026
• Middle East and Africa - size and forecast 2021-2026

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Revenue-generating Product Segments

The technical training segment will be the largest contributor to the market growth. The increasing need for improving employees' skills on continuously evolving technologies will drive the growth of the segment. The rising prominence of online courses will further fuel the adoption of technical training courses in the corporate training market during the forecast period.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Technical training - Market size and forecast 2021-2026
• Exhibit 28: Chart on Technical training - Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Technical training - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Technical training - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Technical training - Year-over-year growth 2021-2026 (%)

• 5.4 Non-technical training - Market size and forecast 2021-2026
• Exhibit 32: Chart on Non-technical training - Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on Non-technical training - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on Non-technical training - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Non-technical training - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product
• Exhibit 36: Market opportunity by Product ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 UK - Market size and forecast 2021-2026
• Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.10 India - Market size and forecast 2021-2026
• Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 Canada - Market size and forecast 2021-2026
• Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Adobe Inc.
• Exhibit 89: Adobe Inc. - Overview
• Exhibit 90: Adobe Inc. - Business segments
• Exhibit 91: Adobe Inc. - Key news
• Exhibit 92: Adobe Inc. - Key offerings
• Exhibit 93: Adobe Inc. - Segment focus

• 10.4 Cisco Systems Inc.
• Exhibit 94: Cisco Systems Inc. - Overview
• Exhibit 95: Cisco Systems Inc. - Business segments
• Exhibit 96: Cisco Systems Inc. - Key news
• Exhibit 97: Cisco Systems Inc. - Key offerings
• Exhibit 98: Cisco Systems Inc. - Segment focus

• 10.5 City and Guilds Group
• Exhibit 99: City and Guilds Group - Overview
• Exhibit 100: City and Guilds Group - Product / Service
• Exhibit 101: City and Guilds Group - Key offerings

• 10.6 D2L Corp.
• Exhibit 102: D2L Corp. - Overview
• Exhibit 103: D2L Corp. - Product / Service
• Exhibit 104: D2L Corp. - Key news
• Exhibit 105: D2L Corp. - Key offerings

• 10.7 Franklin Covey Co.
• Exhibit 106: Franklin Covey Co. - Overview
• Exhibit 107: Franklin Covey Co. - Business segments
• Exhibit 108: Franklin Covey Co. - Key offerings
• Exhibit 109: Franklin Covey Co. - Segment focus

• 10.8 John Wiley and Sons Inc.
• Exhibit 110: John Wiley and Sons Inc. - Overview
• Exhibit 111: John Wiley and Sons Inc. - Business segments
• Exhibit 112: John Wiley and Sons Inc. - Key offerings
• Exhibit 113: John Wiley and Sons Inc. - Segment focus

• 10.9 Learning Technologies Group Plc
• Exhibit 114: Learning Technologies Group Plc - Overview
• Exhibit 115: Learning Technologies Group Plc - Business segments
• Exhibit 116: Learning Technologies Group Plc - Key news
• Exhibit 117: Learning Technologies Group Plc - Key offerings
• Exhibit 118: Learning Technologies Group Plc - Segment focus

• 10.10 NIIT Ltd.
• Exhibit 119: NIIT Ltd. - Overview
• Exhibit 120: NIIT Ltd. - Business segments
• Exhibit 121: NIIT Ltd. - Key news
• Exhibit 122: NIIT Ltd. - Key offerings
• Exhibit 123: NIIT Ltd. - Segment focus

• 10.11 Skillsoft Ltd.
• Exhibit 124: Skillsoft Ltd. - Overview
• Exhibit 125: Skillsoft Ltd. - Product / Service
• Exhibit 126: Skillsoft Ltd. - Key offerings

• 10.12 Wilson Learning Worldwide Inc.
• Exhibit 127: Wilson Learning Worldwide Inc. - Overview
• Exhibit 128: Wilson Learning Worldwide Inc. - Business segments
• Exhibit 129: Wilson Learning Worldwide Inc. - Key offerings
• Exhibit 130: Wilson Learning Worldwide Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 131: Inclusions checklist
• Exhibit 132: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 133: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 134: Research methodology
• Exhibit 135: Validation techniques employed for market sizing
• Exhibit 136: Information sources

• 11.5 List of abbreviations
• Exhibit 137: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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