Technical and Vocational Education Market in North America 2016-2020

  • ID: 3752374
  • Report
  • Region: America, North America, United States
  • 53 pages
  • TechNavio
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FEATURED COMPANIES

  • Acumen Global Training
  • CfPA
  • City and Guilds
  • CLC Technical Training
  • CleanEdison
  • SAP
  • MORE
About the Technical and Vocational Education (TVE) Market in North America

TVE equips people with essential skills to successfully transition from classrooms to workplaces. In many countries, it is referred to as technical vocational education and training (TVET). The TVE system in North America is complex as it incorporates various grade levels, providers, and subject areas. This complexity is because the decision-making regarding the framework of the TVE varies from state to state. demand

The analysts forecast the technical and vocational education (TVE) market in North America to grow at a CAGR of 4.13% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the technical and vocational education (TVE) market in North America for 2016-2020. To calculate the market size, the report considers the revenue generated by private vocational and technical training institutions and organizations from courses delivered to individuals.

The market is divided into the following segments based on geography:
- US
- Canada

The report, Technical and Vocational Education (TVE) Market in North America 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Acumen Global Training
- City and Guilds
- CfPA
- SAP

Other prominent vendors
- Canadian Vocational Training Center
- CLC Technical Training
- CleanEdison
- CORE Education & Technologies
- Unitek Information Systems
- VMEdu

Market drivers
- Inherent skill gap issues
- For a full, detailed list, view the full report

Market challenges
- Threat from corporate training institutes
- For a full, detailed list, view the full report

Market trends
- Growing demand for middle-skill jobs among millennial workers
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

  • Acumen Global Training
  • CfPA
  • City and Guilds
  • CLC Technical Training
  • CleanEdison
  • SAP
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Education market in North America
  • TVE market in North America
  • Five forces analysis
PART 06: Market segmentation by product
  • TVE market in North America by product 2015-2020
  • STEM TVE market
  • Non-technical TVE market
  • Others
PART 07: Key leading countries
  • TVE market in the US
  • TVE market in Canada
PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape
  • Competitive scenario
  • Market vendor analysis
PART 14: Other prominent vendors

PART 15: Key vendor analysis
  • Acumen Global Training
  • City and Guilds
  • CfPA
  • SAP
PART 16: Appendix
  • List of abbreviations
PART 17: About the Author

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Education market in North America in 2015
Exhibit 03: US government expenditure (% of GDP) 2009-2014
Exhibit 04: US education market by segment in 2015
Exhibit 05: TVE market in North America 2015-2020 ($ billions)
Exhibit 06: Distribution of jobs in North America by skill level 2015
Exhibit 07: Five forces analysis
Exhibit 08: TVE market in North America by product segmentation
Exhibit 09: TVE market in North America by product segmentation 2015-2020 ($ billions)
Exhibit 10: TVE market in North America by product segmentation 2015-2020
Exhibit 11: TVE market in North America by product segmentation 2015
Exhibit 12: TVE market in North America by product segmentation 2020
Exhibit 13: STEM TVE market in North America 2015-2020 ($ billions)
Exhibit 14: Non-technical TVE market in North America 2015-2020 ($ billions)
Exhibit 15: TVE market in North America by other 2015-2020 ($ billions)
Exhibit 16: TVE market in US 2015-2020 ($billions)
Exhibit 17: TVE market in Canada 2015-2020 ($ billions)
Exhibit 18: Market share of US and Canada in TVE market in North America (%)
Exhibit 19: Jobs with maximum skill gap in US 2015
Exhibit 20: Costs of dropping out
Exhibit 21: Benefits of e-learning
Exhibit 22: Average student debt of graduates in US 2009-2014 ($)
Exhibit 23: Comparison of average annual fee for college education and TVE
Exhibit 24: Impact of drivers
Exhibit 25: US government expenditure on training 1995-2014
Exhibit 26: Corporate training market in North America 2015-2020 ($ billions)
Exhibit 27: MOOCs market in education sector in North America 2015-2020 ($ billions)
Exhibit 28: Impact of drivers and challenges
Exhibit 29: Skills tested in WorldSkills competition 2015
Exhibit 30: Average annual incomes of major jobs in healthcare industry
Exhibit 31: Acumen Global Training: Course offerings
Exhibit 32: City and Guilds: Key application areas
Exhibit 33: CfPA: Training formats
Exhibit 34: SAP: Business segmentation by revenue 2014
Exhibit 35: SAP: Business segmentation by revenue 2013 and 2014 ($ billions)
Exhibit 36: SAP: Geographical segmentation by revenue 2014
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FEATURED COMPANIES

  • Acumen Global Training
  • CfPA
  • City and Guilds
  • CLC Technical Training
  • CleanEdison
  • SAP
  • MORE
New Report Released: – Technical and Vocational Education (TVE) Market in North America 2016-2020

The author of the report recognizes the following companies as the key players in the technical and vocational education (TVE) market in North America: Acumen Global Training, City and Guilds, CfPA, and SAP.

Other Prominent Vendors in the market are: Canadian Vocational Training Center, CLC Technical Training, CleanEdison, CORE Education & Technologies, Unitek Information Systems, and VMEdu.

Commenting on the report, an analyst from the research team said: “A trend that will definitely boost market growth is the growing demand for middle-skill jobs among millennials. According to the National Skills Coalition of the US, 52% of job openings from 2012 to 2020 are predicted to be in middle-skill areas, which require TVE instead of conventional education, such as high school diplomas or bachelor’s degree. Middle-skill jobs include technicians, police, electricians, firefighters, plumbers, welders, dental hygienists, respiratory therapists, and radiologic technicians.”

According to the report, a key growth driver is the inherent skill gap issues. In the US, there are several unfilled job positions, which require middle skills. For, instance lab technicians, advanced manufacturing specialists, and computer programers. School and college curricula are not aligned with employer expectations; employers have observed a lack of necessary skills in employment-ready graduates. With growing concerns about skill gap, more private TVE institutions are venturing into the market to train students for professions that require middle skills.

Further, the report states that one challenge that could restrict market growth is the threat from corporate training institutes.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- Acumen Global Training
- City and Guilds
- CfPA
- SAP
- Canadian Vocational Training Center
- CLC Technical Training
- CleanEdison
- CORE Education & Technologies
- Unitek Information Systems
- VMEdu.
Note: Product cover images may vary from those shown
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