IT training market to grow by USD 12,044.11 million; APAC will account for 35% of the market growth - Technavio

NEW YORK, Feb. 15, 2023 /PRNewswire/ -- According to Technavio, the global IT training market size is estimated to grow by USD 12,044.11 million from 2022 to 2027. The market is estimated to grow at a CAGR of 6.91% during the forecast period. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 25,342.52 million. APAC will account for 35% of the market growth during the forecast period. For more Insights on market size Request a sample report

IT training market - Five Forces
The global IT training market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

IT training market – Customer Landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

IT training market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on service (infrastructure, development, database, security, and others), end-user (corporate, schools and colleges, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The market growth will be significant in the infrastructure segment during the forecast period. The segment involves building, sustaining, and managing IT infrastructure and networking and cloud computing infrastructure. The growth of the segment is driven by the growing demand for skilled individuals in networking and cloud computing technology.

Geography Overview
By geography, the global IT training market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global IT training market.

• APAC will account for 35% of the market growth during the forecast period. The growth of the regional market is driven by increased outsourcing of IT services and improving IT network infrastructure. Also, the expansion of enterprise infrastructure and growth in the number of SMEs are fostering the growth of the IT training market in APAC.

Download a Sample Report

IT Training Market – Market Dynamics

Key factor driving market growth

• The market is driven by growth is the number of strategic partnerships among vendors.
• Many vendors in the market are forming strategic alliances and acquiring smaller companies to expand their customer base and geographic presence.
• For instance, in January 2021, SAP SE and Signavio GmbH announced that SAP had decided to acquire Signavio, a market leader in enterprise business process analytics and process management.
• Similarly, in March 2019, Tech Data Corp. (Tech Data), through its brand ExitCertified, expanded its cloud curriculum through its partnership with Google and Docker Inc.
• Many such strategic activities are expanding the customer base of vendors, which, in turn, will drive the growth of the global IT training market.

Leading trends influencing the market 

• The growth in popularity of blended learning is the key trend in the market.
• Many organizations are adopting blended learning as it is a cost-effective method of engaging and imparting training to employees.
• The blended learning method offers more customized training modules with on-demand learning and other features such as the incorporation of microlearning.
• The growing popularity of blended learning is encouraging vendors to introduce a wide range of blended e-learning courses along with a mix of traditional onsite training and online training.
• This trend will positively influence the growth of the market during the forecast period.

Major challenges hindering market growth

• The growth in the popularity of MOOCs will challenge the growth of the market.
• The popularity of MOOCs is increasing among learners as they provide free online courses for IT, executive education, and employee development.
• They are cost-effective and offer higher flexibility, and ease of access as the user can enroll for these courses online.
• With the growing demand for IT learning, many courses are being introduced in open online learning sources.
• The availability of free online learning courses is reducing the growth potential in the market.

Driver, trend, and challenges are the factor of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this IT training market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the IT training market between 2023 and 2027
• Precise estimation of the size of the IT training market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the IT training market industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of IT training market vendors

Gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform

Related Reports:

• The business process outsourcing market is estimated to grow at a CAGR of 6.5% and the size of the market is forecast to increase by USD 75.89 billion between 2022 and 2027. The increasing adoption of BPO by IT and telecom service providers is notably driving the market growth, although factors such as language barriers and goodwill risk may impede the market growth.
• The general and administrative outsourcing market size is expected to increase by USD 9.73 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.39%. The emergence of data analytics and AI are one of the key factors driving the global general and administrative outsourcing (GAO) market growth. Data security risks are the major challenge to the general and administrative outsourcing market growth.

IT Training Market Scope

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 Service
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global IT training market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global IT training market 2017 - 2021 ($ million)

• 4.2 Service Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Service Segment 2017 - 2021 ($ million)

• 4.3 End User Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End User Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Service

• 6.1 Market segments 
• Exhibit 30: Chart on Service - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Service - Market share 2022-2027 (%)

• 6.2 Comparison by Service 
• Exhibit 32: Chart on Comparison by Service
• Exhibit 33: Data Table on Comparison by Service

• 6.3 Infrastructure - Market size and forecast 2022-2027
• Exhibit 34: Chart on Infrastructure - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Infrastructure - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Infrastructure - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Infrastructure - Year-over-year growth 2022-2027 (%)

• 6.4 Development - Market size and forecast 2022-2027
• Exhibit 38: Chart on Development - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Development - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Development - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Development - Year-over-year growth 2022-2027 (%)

• 6.5 Database - Market size and forecast 2022-2027
• Exhibit 42: Chart on Database - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Database - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Database - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Database - Year-over-year growth 2022-2027 (%)

• 6.6 Security - Market size and forecast 2022-2027
• Exhibit 46: Chart on Security - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Security - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Security - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Security - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Service 
• Exhibit 54: Market opportunity by Service ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 57: Chart on Comparison by End-user
• Exhibit 58: Data Table on Comparison by End-user

• 7.3 Corporate - Market size and forecast 2022-2027
• Exhibit 59: Chart on Corporate - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Corporate - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Corporate - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Corporate - Year-over-year growth 2022-2027 (%)

• 7.4 Schools and colleges - Market size and forecast 2022-2027
• Exhibit 63: Chart on Schools and colleges - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Schools and colleges - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Schools and colleges - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Schools and colleges - Year-over-year growth 2022-2027 (%)

• 7.5 Others - Market size and forecast 2022-2027
• Exhibit 67: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by End-user 
• Exhibit 71: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 73: Chart on Market share by geography 2022-2027 (%)
• Exhibit 74: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 75: Chart on Geographic comparison
• Exhibit 76: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027
• Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 Australia - Market size and forecast 2022-2027
• Exhibit 113: Chart on Australia - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Data Table on Australia - Market size and forecast 2022-2027 ($ million)
• Exhibit 115: Chart on Australia - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on Australia - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 118: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 119: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 120: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 121: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 122: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 123: Matrix on vendor position and classification

• 12.3 Amazon.com Inc. 
• Exhibit 124: Amazon.com Inc. - Overview
• Exhibit 125: Amazon.com Inc. - Business segments
• Exhibit 126: Amazon.com Inc. - Key news
• Exhibit 127: Amazon.com Inc. - Key offerings
• Exhibit 128: Amazon.com Inc. - Segment focus

• 12.4 Apple Inc. 
• Exhibit 129: Apple Inc. - Overview
• Exhibit 130: Apple Inc. - Business segments
• Exhibit 131: Apple Inc. - Key news
• Exhibit 132: Apple Inc. - Key offerings
• Exhibit 133: Apple Inc. - Segment focus

• 12.5 Computer Generated Solutions Inc. 
• Exhibit 134: Computer Generated Solutions Inc. - Overview
• Exhibit 135: Computer Generated Solutions Inc. - Product / Service
• Exhibit 136: Computer Generated Solutions Inc. - Key offerings

• 12.6 Dell Technologies Inc. 
• Exhibit 137: Dell Technologies Inc. - Overview
• Exhibit 138: Dell Technologies Inc. - Business segments
• Exhibit 139: Dell Technologies Inc. - Key news
• Exhibit 140: Dell Technologies Inc. - Key offerings
• Exhibit 141: Dell Technologies Inc. - Segment focus

• 12.7 ExecuTrain 
• Exhibit 142: ExecuTrain - Overview
• Exhibit 143: ExecuTrain - Product / Service
• Exhibit 144: ExecuTrain - Key offerings

• 12.8 Fast Lane Consulting and Education Services
• Exhibit 145: Fast Lane Consulting and Education Services - Overview
• Exhibit 146: Fast Lane Consulting and Education Services - Key offerings

• 12.9 Firebrand Training Ltd. 
• Exhibit 147: Firebrand Training Ltd. - Overview
• Exhibit 148: Firebrand Training Ltd. - Product / Service
• Exhibit 149: Firebrand Training Ltd. - Key offerings

• 12.10 Hewlett Packard Enterprise Co. 
• Exhibit 150: Hewlett Packard Enterprise Co. - Overview
• Exhibit 151: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 152: Hewlett Packard Enterprise Co. - Key news
• Exhibit 153: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 154: Hewlett Packard Enterprise Co. - Segment focus

• 12.11 International Business Machines Corp.
• Exhibit 155: International Business Machines Corp. - Overview
• Exhibit 156: International Business Machines Corp. - Business segments
• Exhibit 157: International Business Machines Corp. - Key offerings
• Exhibit 158: International Business Machines Corp. - Segment focus

• 12.12 ILX Group 
• Exhibit 159: ILX Group - Overview
• Exhibit 160: ILX Group - Product / Service
• Exhibit 161: ILX Group - Key offerings

• 12.13 LearnQuest Inc. 
• Exhibit 162: LearnQuest Inc. - Overview
• Exhibit 163: LearnQuest Inc. - Product / Service
• Exhibit 164: LearnQuest Inc. - Key offerings

• 12.14 Learning Technologies Group Plc 
• Exhibit 165: Learning Technologies Group Plc - Overview
• Exhibit 166: Learning Technologies Group Plc - Business segments
• Exhibit 167: Learning Technologies Group Plc - Key news
• Exhibit 168: Learning Technologies Group Plc - Key offerings
• Exhibit 169: Learning Technologies Group Plc - Segment focus

• 12.15 New Horizons Computer Learning Centers Inc.
• Exhibit 170: New Horizons Computer Learning Centers Inc. - Overview
• Exhibit 171: New Horizons Computer Learning Centers Inc. - Product / Service
• Exhibit 172: New Horizons Computer Learning Centers Inc. - Key offerings

• 12.16 Oracle Corp. 
• Exhibit 173: Oracle Corp. - Overview
• Exhibit 174: Oracle Corp. - Business segments
• Exhibit 175: Oracle Corp. - Key news
• Exhibit 176: Oracle Corp. - Key offerings
• Exhibit 177: Oracle Corp. - Segment focus

• 12.17 Tech Data Corp. 
• Exhibit 178: Tech Data Corp. - Overview
• Exhibit 179: Tech Data Corp. - Product / Service
• Exhibit 180: Tech Data Corp. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 181: Inclusions checklist
• Exhibit 182: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 183: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 184: Research methodology
• Exhibit 185: Validation techniques employed for market sizing
• Exhibit 186: Information sources

• 13.5 List of abbreviations 
• Exhibit 187: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.

Contact
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