US corporate training market size to grow by $ 19.51 billion

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NEW YORK, November 12, 2021 / PRNewswire / – According to research report United States Corporate Training Market – Forecast and Analysis Report 2021-2025, the market is expected to have an annual growth rate of 9.31% in 2021 and is expected to grow at a CAGR of 10% between 2020 and 2025.

Attractive Opportunities in the United States Corporate Training Market by Product, End User, and Method – Forecast and Analysis 2021-2025

View sample: to know additional highlights and key points on various market segments and their impact in the years to come.

Supplier Information

The corporate training market in the United States is fragmented with the presence of several global and regional players. The report also provides information on several market vendors including Adobe Inc., Cisco Systems Inc., City & Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley & Sons Inc., NIIT Ltd ., Skillsoft Ltd. and Wilson Learning Worldwide Inc., among others.

Some of the major market players are deploying various organic and inorganic growth strategies to compete in the market.

For example, in March 2021, John Wiley and Sons Inc. has partnered with NUS Advanced Computing for Executives to launch a global certification program aimed at closing the technology skills gap.

Learn more about the growth strategies adopted by vendors and their product offerings. Read a sample market research report.

Analysis of product segments

The technical training segment will provide the maximum growth opportunities in the United States corporate training market during the forecast period. The growing initiatives of the government of India, like the Make in India The Chinese government’s mission, and inclination to support the manufacturing sector, is expected to stimulate growth in manufacturing jobs in the long run. This will eventually lead to an increasing need to offer technical training to employees in the manufacturing sector during the forecast period. The technical training segment is expected to register steady growth during the forecast period due to the increasing need for skilled employees on constantly changing technologies.

Learn more about the geographic spread of this market as well as the detailed analysis of major regions. www.technavio.com/report/corporate-training-market-in-US-industry-analysis

Key market trends and challenges:

The emergence of IoT and wearable devices is one of the key trends supporting the growth in the corporate training market share. Due to the rapid adoption of digital solutions to implement e-learning, the Internet of Things and portable devices have gained traction in the corporate training industry in recent years. Smart glasses like Google Glass and smartwatches like the Apple Watch are rapidly gaining popularity with the public and corporate trainers to create interactive and immersive learning experiences. In addition, portable devices or applications appear to be the most practical and fastest solutions, ranging from recording the attendance of trainees to monitoring their performance in a room connected to the Internet. These factors will push the concept of corporate training in various industries including healthcare, manufacturing, ITeS, etc. which will positively impact the growth of the market.[positivelyimpactthemarketgrowth[positivelyimpactthemarketgrowth

The growing importance of MOOCs in corporate learning could inhibit the growth of the market due to its cost effective alternative to corporate training. MOOCs offer several advantages, such as centralizing training components and evaluations at a lower cost compared to traditional in-company training methods. This prompts many organizations to invest in creating custom MOOCs tailored to their core skills and requirements.

See a free sample for highlights on market trends and challenges affecting the corporate training market in the United States.

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Associated reports:

Business M-Learning Market by Type and Geography – Forecast and Analysis 2021-2025 – The enterprise mobile learning market has the potential to grow by USD 21.90 billion during the period 2021-2025, and the market growth momentum will accelerate at a CAGR of 16.24%.
Download an exclusive free sample report

Enterprise e-learning market by end-user, deployment and geography – Forecast and analysis 2021-2025 – The corporate e-learning market share is expected to increase by USD 37.80 billion from 2020 to 2025, and the market growth momentum will accelerate at a CAGR of 13.14%.
Download an exclusive free sample report

United States Corporate Training Market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a 10% CAGR

Market growth 2021-2025

$ 19.51 billion

Market structure

Fragmented

Annual growth (%)

9.31

Regional analysis

we

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Adobe Inc., Cisco Systems Inc., City & Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley & Sons Inc., NIIT Ltd., Skillsoft Ltd. and Wilson Learning Worldwide Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us:

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000+ reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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Technavio (PRNewsfoto / Technavio)

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