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Corporate training Market By Training Program, By Industries: Global Opportunity Analysis and Industry Forecast, 2019-2030

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    Report

  • 274 Pages
  • April 2022
  • Region: Global
  • Allied Market Research
  • ID: 5237538
The global corporate training market was valued at $332,931.1 million in 2019, and is projected to reach $487,305.7 million by 2030, registering a CAGR of 8.0% from 2021 to 2030. Corporate training, which is also known as workplace learning, is a method to improve the skills, work performance, and efficiency of an employee. There are training methods offered for the development of employees. Corporate training helps in advancing the skills sets of employees including communications, negotiation skills, technical skills, and others. There are many online as well as offline training centers that provide essential training to the employees.

Rise in learning requirement at the workplace across the globe and rise in concept of micro-learning boosts the corporate training market growth. Moreover, growing use of gamification for training employees further fuels the growth of the market. However, budgetary concern of corporate sectors is expected to hamper the growth of the market. Nevertheless, emergence of cost-effective e-learning training modules and emergence of internet of things (IOT) and wearable devices are anticipated to offer immense opportunities for the market growth, in terms of value sales, during the forecast period.

The global corporate training market segment is categorized on the basis of training method, training program, industry, and region. By training method, the corporate training market is classified into virtual and face-to-face. By training program, it is divided into technical training, soft skills training, quality training, compliance training and other training programs.

By industry, it is categorized into FMCG/retail, pharmaceutical and healthcare, financial services, professional services, public enterprises, information technology, and other industries. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the report include Bizlibrary, GP Strategies Corporation, Franklin Covey Co., City & Guilds Group, D2L Corporation, Cornerstone Ondemand Inc., Wilson Learning Worldwide Inc., Allen Communications Learning Services, Simplilearn Solutions, and Skill Soft.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global corporate training market from 2021 to 2030 to identify the prevailing market opportunities.
  • The key countries in four major regions are mapped based on their market share.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of market players.
  • The report includes the analysis of the regional as well as global market, key players, market segments, and growth strategies.

Key Market Segments


By Training Program

  • Quality Training
  • Compliance
  • Others Training Program
  • Technical Training
  • Soft Skills

By Industries

  • Retail
  • Pharmaceutical And Healthcare
  • Financial Services
  • Professional Services
  • Public Enterprises
  • Information Technology
  • Others Industries

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia And New Zealand
  • Asean
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Turkey
  • Rest of LAMEA

Key Market Players

  • allen communication learning services
  • Business Training Library, Inc.
  • City and Guilds International Limited
  • Cornerstone OnDemand, Inc.
  • D Two L
  • Franklin Covey Co.
  • GP Strategies Corporation
  • Simplilearn Solutions
  • skillsoft
  • Wilson Learning Worldwide, Inc.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Market Share Analysis
CHAPTER 4: CORPORATE TRAINING MARKET, BY TRAINING PROGRAM
4.1 Overview
4.1.1 Market size and forecast
4.2 Technical Training
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Soft Skills
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Quality Training
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Compliance
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others Training Program
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: CORPORATE TRAINING MARKET, BY INDUSTRIES
5.1 Overview
5.1.1 Market size and forecast
5.2 Retail
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Pharmaceutical And Healthcare
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Financial Services
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Professional Services
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Public Enterprises
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
5.7 Information Technology
5.7.1 Key market trends, growth factors and opportunities
5.7.2 Market size and forecast, by region
5.7.3 Market analysis by country
5.8 Others Industries
5.8.1 Key market trends, growth factors and opportunities
5.8.2 Market size and forecast, by region
5.8.3 Market analysis by country
CHAPTER 6: CORPORATE TRAINING MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Training Program
6.2.3 North America Market size and forecast, by Industries
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Training Program
6.2.4.1.2 Market size and forecast, by Industries
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Training Program
6.2.4.2.2 Market size and forecast, by Industries
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Training Program
6.2.4.3.2 Market size and forecast, by Industries
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Training Program
6.3.3 Europe Market size and forecast, by Industries
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Training Program
6.3.4.1.2 Market size and forecast, by Industries
6.3.4.2 France
6.3.4.2.1 Market size and forecast, by Training Program
6.3.4.2.2 Market size and forecast, by Industries
6.3.4.3 U.K.
6.3.4.3.1 Market size and forecast, by Training Program
6.3.4.3.2 Market size and forecast, by Industries
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Training Program
6.3.4.4.2 Market size and forecast, by Industries
6.3.4.5 Spain
6.3.4.5.1 Market size and forecast, by Training Program
6.3.4.5.2 Market size and forecast, by Industries
6.3.4.6 Russia
6.3.4.6.1 Market size and forecast, by Training Program
6.3.4.6.2 Market size and forecast, by Industries
6.3.4.7 Rest of Europe
6.3.4.7.1 Market size and forecast, by Training Program
6.3.4.7.2 Market size and forecast, by Industries
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Training Program
6.4.3 Asia-Pacific Market size and forecast, by Industries
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 Japan
6.4.4.1.1 Market size and forecast, by Training Program
6.4.4.1.2 Market size and forecast, by Industries
6.4.4.2 China
6.4.4.2.1 Market size and forecast, by Training Program
6.4.4.2.2 Market size and forecast, by Industries
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Training Program
6.4.4.3.2 Market size and forecast, by Industries
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Training Program
6.4.4.4.2 Market size and forecast, by Industries
6.4.4.5 Australia And New Zealand
6.4.4.5.1 Market size and forecast, by Training Program
6.4.4.5.2 Market size and forecast, by Industries
6.4.4.6 Asean
6.4.4.6.1 Market size and forecast, by Training Program
6.4.4.6.2 Market size and forecast, by Industries
6.4.4.7 Rest of Asia-Pacific
6.4.4.7.1 Market size and forecast, by Training Program
6.4.4.7.2 Market size and forecast, by Industries
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Training Program
6.5.3 LAMEA Market size and forecast, by Industries
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Training Program
6.5.4.1.2 Market size and forecast, by Industries
6.5.4.2 Saudi Arabia
6.5.4.2.1 Market size and forecast, by Training Program
6.5.4.2.2 Market size and forecast, by Industries
6.5.4.3 South Africa
6.5.4.3.1 Market size and forecast, by Training Program
6.5.4.3.2 Market size and forecast, by Industries
6.5.4.4 Turkey
6.5.4.4.1 Market size and forecast, by Training Program
6.5.4.4.2 Market size and forecast, by Industries
6.5.4.5 Rest of LAMEA
6.5.4.5.1 Market size and forecast, by Training Program
6.5.4.5.2 Market size and forecast, by Industries
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 allen communication learning services
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Business Training Library, Inc.
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 City and Guilds International Limited
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Cornerstone OnDemand, Inc.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 D Two L
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Franklin Covey Co.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 GP Strategies Corporation
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Simplilearn Solutions
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 skillsoft
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Wilson Learning Worldwide, Inc.
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 2. Corporate Training Market Size, for Technical Training, by Region, 2019-2030 ($Million)
Table 3. Corporate Training Market for Technical Training, by Country, 2019-2030 ($Million)
Table 4. Corporate Training Market Size, for Soft Skills, by Region, 2019-2030 ($Million)
Table 5. Corporate Training Market for Soft Skills, by Country, 2019-2030 ($Million)
Table 6. Corporate Training Market Size, for Quality Training, by Region, 2019-2030 ($Million)
Table 7. Corporate Training Market for Quality Training, by Country, 2019-2030 ($Million)
Table 8. Corporate Training Market Size, for Compliance, by Region, 2019-2030 ($Million)
Table 9. Corporate Training Market for Compliance, by Country, 2019-2030 ($Million)
Table 10. Corporate Training Market Size, for Others Training Program, by Region, 2019-2030 ($Million)
Table 11. Corporate Training Market for Others Training Program, by Country, 2019-2030 ($Million)
Table 12. Global Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 13. Corporate Training Market Size, for Retail, by Region, 2019-2030 ($Million)
Table 14. Corporate Training Market for Retail, by Country, 2019-2030 ($Million)
Table 15. Corporate Training Market Size, for Pharmaceutical and Healthcare, by Region, 2019-2030 ($Million)
Table 16. Corporate Training Market for Pharmaceutical and Healthcare, by Country, 2019-2030 ($Million)
Table 17. Corporate Training Market Size, for Financial Services, by Region, 2019-2030 ($Million)
Table 18. Corporate Training Market for Financial Services, by Country, 2019-2030 ($Million)
Table 19. Corporate Training Market Size, for Professional Services, by Region, 2019-2030 ($Million)
Table 20. Corporate Training Market for Professional Services, by Country, 2019-2030 ($Million)
Table 21. Corporate Training Market Size, for Public Enterprises, by Region, 2019-2030 ($Million)
Table 22. Corporate Training Market for Public Enterprises, by Country, 2019-2030 ($Million)
Table 23. Corporate Training Market Size, for Information Technology, by Region, 2019-2030 ($Million)
Table 24. Corporate Training Market for Information Technology, by Country, 2019-2030 ($Million)
Table 25. Corporate Training Market Size, for Others Industries, by Region, 2019-2030 ($Million)
Table 26. Corporate Training Market for Others Industries, by Country, 2019-2030 ($Million)
Table 27. Corporate Training Market, by Region, 2019-2030 ($Million)
Table 28. North America Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 29. North America Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 30. North America Corporate Training Market, by Country, 2019-2030 ($Million)
Table 31. U.S. Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 32. U.S. Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 33. Canada Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 34. Canada Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 35. Mexico Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 36. Mexico Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 37. Europe Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 38. Europe Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 39. Europe Corporate Training Market, by Country, 2019-2030 ($Million)
Table 40. Germany Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 41. Germany Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 42. France Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 43. France Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 44. U.K. Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 45. U.K. Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 46. Italy Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 47. Italy Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 48. Spain Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 49. Spain Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 50. Russia Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 51. Russia Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 52. Rest of Europe Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 53. Rest of Europe Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 54. Asia-Pacific Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 55. Asia-Pacific Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 56. Asia-Pacific Corporate Training Market, by Country, 2019-2030 ($Million)
Table 57. Japan Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 58. Japan Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 59. China Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 60. China Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 61. India Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 62. India Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 63. South Korea Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 64. South Korea Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 65. Australia and New Zealand Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 66. Australia and New Zealand Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 67. Asean Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 68. Asean Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 69. Rest of Asia-Pacific Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 70. Rest of Asia-Pacific Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 71. LAMEA Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 72. LAMEA Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 73. LAMEA Corporate Training Market, by Country, 2019-2030 ($Million)
Table 74. Brazil Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 75. Brazil Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 76. Saudi Arabia Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 77. Saudi Arabia Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 78. South Africa Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 79. South Africa Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 80. Turkey Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 81. Turkey Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 82. Rest of LAMEA Corporate Training Market, by Training Program, 2019-2030 ($Million)
Table 83. Rest of LAMEA Corporate Training Market, by Industries, 2019-2030 ($Million)
Table 84. Allen Communication Learning Services: Company Snapshot
Table 85. Allen Communication Learning Services: Operating Segments
Table 86. Allen Communication Learning Services: Product Portfolio
Table 87. Allen Communication Learning Services: Net Sales
Table 88. Allen Communication Learning Services: Key Stratergies
Table 89. Business Training Library, Inc.: Company Snapshot
Table 90. Business Training Library, Inc.: Operating Segments
Table 91. Business Training Library, Inc.: Product Portfolio
Table 92. Business Training Library, Inc.: Net Sales
Table 93. Business Training Library, Inc.: Key Stratergies
Table 94. City and Guilds International Limited: Company Snapshot
Table 95. City and Guilds International Limited: Operating Segments
Table 96. City and Guilds International Limited: Product Portfolio
Table 97. City and Guilds International Limited: Net Sales
Table 98. City and Guilds International Limited: Key Stratergies
Table 99. Cornerstone Ondemand, Inc.: Company Snapshot
Table 100. Cornerstone Ondemand, Inc.: Operating Segments
Table 101. Cornerstone Ondemand, Inc.: Product Portfolio
Table 102. Cornerstone Ondemand, Inc.: Net Sales
Table 103. Cornerstone Ondemand, Inc.: Key Stratergies
Table 104. D Two L: Company Snapshot
Table 105. D Two L: Operating Segments
Table 106. D Two L: Product Portfolio
Table 107. D Two L: Net Sales
Table 108. D Two L: Key Stratergies
Table 109. Franklin Covey Co.: Company Snapshot
Table 110. Franklin Covey Co.: Operating Segments
Table 111. Franklin Covey Co.: Product Portfolio
Table 112. Franklin Covey Co.: Net Sales
Table 113. Franklin Covey Co.: Key Stratergies
Table 114. Gp Strategies Corporation: Company Snapshot
Table 115. Gp Strategies Corporation: Operating Segments
Table 116. Gp Strategies Corporation: Product Portfolio
Table 117. Gp Strategies Corporation: Net Sales
Table 118. Gp Strategies Corporation: Key Stratergies
Table 119. Simplilearn Solutions: Company Snapshot
Table 120. Simplilearn Solutions: Operating Segments
Table 121. Simplilearn Solutions: Product Portfolio
Table 122. Simplilearn Solutions: Net Sales
Table 123. Simplilearn Solutions: Key Stratergies
Table 124. Skillsoft: Company Snapshot
Table 125. Skillsoft: Operating Segments
Table 126. Skillsoft: Product Portfolio
Table 127. Skillsoft: Net Sales
Table 128. Skillsoft: Key Stratergies
Table 129. Wilson Learning Worldwide, Inc.: Company Snapshot
Table 130. Wilson Learning Worldwide, Inc.: Operating Segments
Table 131. Wilson Learning Worldwide, Inc.: Product Portfolio
Table 132. Wilson Learning Worldwide, Inc.: Net Sales
Table 133. Wilson Learning Worldwide, Inc.: Key Stratergies
LIST OF FIGURES
Figure 1. Corporate Training Market Segmentation
Figure 2. Corporate Training Market, 2019-2030
Figure 3. Corporate Training Market, 2019-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Corporate Training Market:Drivers, Restraints and Opportunities
Figure 12. Market Share Analysis
Figure 13. Corporate Training Market, by Training Program, 2019 (%)
Figure 14. Comparative Share Analysis of Technical Training Corporate Training Market, 2019-2030 (%)
Figure 15. Comparative Share Analysis of Soft Skills Corporate Training Market, 2019-2030 (%)
Figure 16. Comparative Share Analysis of Quality Training Corporate Training Market, 2019-2030 (%)
Figure 17. Comparative Share Analysis of Compliance Corporate Training Market, 2019-2030 (%)
Figure 18. Comparative Share Analysis of Others Training Program Corporate Training Market, 2019-2030 (%)
Figure 19. Corporate Training Market, by Industries, 2019 (%)
Figure 20. Comparative Share Analysis of Retail Corporate Training Market, 2019-2030 (%)
Figure 21. Comparative Share Analysis of Pharmaceutical and Healthcare Corporate Training Market, 2019-2030 (%)
Figure 22. Comparative Share Analysis of Financial Services Corporate Training Market, 2019-2030 (%)
Figure 23. Comparative Share Analysis of Professional Services Corporate Training Market, 2019-2030 (%)
Figure 24. Comparative Share Analysis of Public Enterprises Corporate Training Market, 2019-2030 (%)
Figure 25. Comparative Share Analysis of Information Technology Corporate Training Market, 2019-2030 (%)
Figure 26. Comparative Share Analysis of Others Industries Corporate Training Market, 2019-2030 (%)
Figure 27. Corporate Training Market by Region, 2019
Figure 28. U.S. Corporate Training Market, 2019-2030 ($Million)
Figure 29. Canada Corporate Training Market, 2019-2030 ($Million)
Figure 30. Mexico Corporate Training Market, 2019-2030 ($Million)
Figure 31. Germany Corporate Training Market, 2019-2030 ($Million)
Figure 32. France Corporate Training Market, 2019-2030 ($Million)
Figure 33. U.K. Corporate Training Market, 2019-2030 ($Million)
Figure 34. Italy Corporate Training Market, 2019-2030 ($Million)
Figure 35. Spain Corporate Training Market, 2019-2030 ($Million)
Figure 36. Russia Corporate Training Market, 2019-2030 ($Million)
Figure 37. Rest of Europe Corporate Training Market, 2019-2030 ($Million)
Figure 38. Japan Corporate Training Market, 2019-2030 ($Million)
Figure 39. China Corporate Training Market, 2019-2030 ($Million)
Figure 40. India Corporate Training Market, 2019-2030 ($Million)
Figure 41. South Korea Corporate Training Market, 2019-2030 ($Million)
Figure 42. Australia and New Zealand Corporate Training Market, 2019-2030 ($Million)
Figure 43. Asean Corporate Training Market, 2019-2030 ($Million)
Figure 44. Rest of Asia-Pacific Corporate Training Market, 2019-2030 ($Million)
Figure 45. Brazil Corporate Training Market, 2019-2030 ($Million)
Figure 46. Saudi Arabia Corporate Training Market, 2019-2030 ($Million)
Figure 47. South Africa Corporate Training Market, 2019-2030 ($Million)
Figure 48. Turkey Corporate Training Market, 2019-2030 ($Million)
Figure 49. Rest of LAMEA Corporate Training Market, 2019-2030 ($Million)
Figure 50. Top Winning Strategies, by Year
Figure 51. Top Winning Strategies, by Development
Figure 52. Top Winning Strategies, by Company
Figure 53. Product Mapping of Top 10 Players
Figure 54. Competitive Dashboard
Figure 55. Competitive Heatmap of Top 10 Key Players
Figure 56. Allen Communication Learning Services.: Net Sales, ($Million)
Figure 57. Business Training Library, Inc. Net Sales, ($Million)
Figure 58. City and Guilds International Limited.: Net Sales, ($Million)
Figure 59. Cornerstone Ondemand, Inc. Net Sales, ($Million)
Figure 60. D Two L.: Net Sales, ($Million)
Figure 61. Franklin Covey Co. Net Sales, ($Million)
Figure 62. Gp Strategies Corporation.: Net Sales, ($Million)
Figure 63. Simplilearn Solutions.: Net Sales, ($Million)
Figure 64. Skillsoft.: Net Sales, ($Million)
Figure 65. Wilson Learning Worldwide, Inc. Net Sales, ($Million)

Executive Summary

According to this report titled, 'Corporate training Market,' the corporate training market size was valued at $332.9 billion in 2019, and is estimated to reach $487.3 billion by 2030, growing at a CAGR of 8% from 2021 to 2030.

Corporate training is a method to improve the skill sets including work performance, productivity, efficiency, and others of an employee. There are different training methods offered for the development of corporate employees, which include virtual and face-to-face training method. It helps employees to enhance their skill sets such as communications, negotiation skills, leadership skills, technical skills, and others. Use of gamification, micro-learning and wearable devices are some of the major trends in the corporate training market.

The effects of the COVID-19 pandemic have been observed across all sectors of all industries. The economic landscape has changed dynamically due to the crisis, and a change in requirements and trends has also been observed. The outbreak of coronavirus has negatively impacted the corporate training market. Due to the impacts of the COVID-19 pandemic, corporate training industry witnessed a 40% contraction in the global training market in 2020, however the market is anticipated to rebound in 2021 with a 22% growth.

As per the the global corporate training market analysis, the corporate training market segments is categorized on the basis of training method, training program, industry, and region. By training method, the corporate training market is classified into virtual and face-to-face. By training program, it is divided into technical training, soft skills training, quality training, compliance training and others.

By industry, it is segmented into FMCG/retail, pharmaceutical and healthcare, financial services, professional services, public enterprises, information technology, and other industries. Region-wise, the corporate training market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

As per the corporate training market trends, the virtual segment is expected to witness a significant growth during the corporate training market forecast period, owing to benefits associated with the virtual training method, which includes decreasing the training cost by mitigating the trainees’ travel & lodging expenses, provides flexibility for training schedule, enhances the motivation of trainees and others.

The soft skill segment is expected to witness a significant growth during the forecast period. This is attributable to the fact that employers tend to favor employees with soft skills as these skills are transferrable to any position and help in creating collaborative, productive, and healthy work environment, and all-important attributes for organizations. This is making it popular among the corporates, which in turn is contributing to the growth of the corporate training market.

Furthermore, by industry, the FMCG/retail segment is anticipated to be the fastest-growing segment, in terms of value sales, during the corporate training market forecast period, owing to rise in corporate investments in the staff and employee training in the retail sector to improve sales and achieve customer satisfaction. Soft skills training is an essential part of both ITES and BPO Training. The BPO industry needs a lot of skilled and trained employees so that it can provide quality services, as it provides them with the skills to solve the problems of the customers or at least are trained in the art of solving problems. Thus, increase in the adoption of training in this sector, in turn is boosting the corporate training market growth.

The key players operating in the global corporate training industry include Bizlibrary, GP Strategies Corporation, Franklin Covey Co., City & Guilds Group, D2L Corporation, Cornerstone Ondemand Inc., Wilson Learning Worldwide Inc., Allen Communications Learning Services, Simplilearn Solutions, and Skill Soft.

Key findings of the Study

  • By training method, the face-to-face segment accounted for the highest corporate training market share in 2019, growing at a CAGR of 13.9% from 2021 to 2030.
  • By training program, the technical training segment accounted for the highest market share in 2019, growing at a CAGR of 6.9% from 2021 to 2030.
  • By industry, the pharmaceutical and healthcare segment accounted for the highest market share in 2019, growing at a CAGR of 6.6% from 2021 to 2030.
  • By region, North America occupied maximum share in the corporate training market in 2019 and is expected to grow at a CAGR of 7.0% from 2021 to 2030.

Companies Mentioned

  • allen communication learning services
  • Business Training Library, Inc.
  • City and Guilds International Limited
  • Cornerstone OnDemand, Inc.
  • D Two L
  • Franklin Covey Co.
  • GP Strategies Corporation
  • Simplilearn Solutions
  • skillsoft
  • Wilson Learning Worldwide, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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