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Global Corporate Training Market

Global Corporate Training Market

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The global corporate training market size was valued at around USD 332.8 billion in 2021 and is estimated to reach around USD 487.5 billion by 2030, expanding at a CAGR of around 8% during the forecast period, 2022 – 2030. The growth of the market is attributed to the rising adoption of microlearning and emergence of cost-effective e-learning training modules.

Global Corporate Training Market Summary

Corporate training refers to teaching skills and imparting knowledge to employees to aid them in enhancing their performances while carrying out tasks. It enhances motivation, productivity, and efficiency of employees and their retention, which helps companies to achieve their business goals. Corporate training includes several training methods such as instructor-led training method, offline or face-to-face training method, online or virtual training method, and others. Companies and organizations employ one or more of these methods to improve skill sets of employees, such as communication skills, technical skills, leadership skills, negotiation skills, and others.

Imposed lockdown and other travel restrictions during the COVID-19 pandemic situation led companies and organizations to adopt a work from home approach. Companies and organizations adopted virtual training methods to train their employees during such times. With the rising penetration of internet, increasing usage of smart devices such as smartphones and tablets, and development of technologies such as Artificial Intelligence (AI) and Virtual Reality (VR), companies are remodeling their conventional training approach and adopting online platforms to train their employees. Additionally, companies and organizations are establishing the necessary infrastructure for online training methods. Rapid urbanization, increasing adoption of online learning platforms, and rising diversity in learning requirements in workplace are factors facilitating the growth of the market during the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing penetration of internet, rising adoption of smart devices, and development of technology and telecommunications platforms are expected to boost the global corporate training market during the forecast period.
  • Rising adoption of innovative and cost-effective ways to train employees by organizations fuels the market.
  • Growing shift from conventional to e-learning training modules, as they are convenient to store, maintain, update, and share, spurs the market.
  • Increasing adoption of innovative training methods that help in saving the working hours of employees is anticipated to drive the market during the forecast period.
  • Growing adoption of sustainability consulting for ensuring balance within social, econommical, and environmental factors to meet current needs without compromising the organization's future growth requirements.
  • Budget constraints hamper the growth of the global corporate training market.
  • Rising inclination of companies and organizations towards cost-effective online or virtual training offer lucrative opportunities for key market players.
  • Rising use of wearables, gamification, and microlearning are some of the major trends in corporate training, which are estimated to offer growth opportunities to key market players during the forecast period.

Scope of the Report

The report on the global corporate training market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Corporate Training Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

Segmentation

Types (Technical Training, Quality Training, Soft-Skills, Brand Training, Compliance Training, Safety Training, Sales Training, Product & Services Training, and Others), Methods (Online, Offline, Instructor-led, Self-led, Blended, and Others), and End-users (Retail, Financial Services, Pharmaceutical & Healthcare, Hospitality, Government, Manufacturing, IT, Business & Professional Services, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Adobe, Inc.; Learning Technologies Group, Plc. (LTG) BizLibrary; Allen Communication Learning Services; Cornerstone OnDemand, Inc.; City and Guilds Group; Desire2Learn (D2L); Franklin Covey, Co.; Simplilearn Solutions, Pvt. Ltd.; GP Strategies Corporation; Skillsoft, Ltd.; Wilson Learning Worldwide, Inc.; Cisco Systems, Inc.; John Wiley & Sons, Inc.; NIIT, Ltd.; Udemy, Inc.; The British Standards Institutions; Pluralsight, Inc.; Bureau Veritas; TUV Nord, and Others

Market Segment Insights

Technical training segment holds a large market share

On the basis of types, the market is divided into technical training, quality training, soft-skills, brand training, compliance training, safety training, sales training, product & services training, and others. The technical training segment is expected to dominate the market during the forecast period, owing to benefits associated with it. It aids in acquiring skills that are required to design, develop, implement, operate, or maintain any technology, application, product, or service in various industries. Increasing demand for technical training in corporate sectors is projected to boost the global corporate training market. Additionally, the soft-skill segment is anticipated to expand during the forecast period, due to increasing demand for soft-skill training programs by major companies around the globe.

Global Corporate Training Market by Types

Online segment boosts the market

Based on methods, the market is segregated into online, offline, instructor-led, self-led, blended, and others. The online segment is anticipated to expand during the forecast period, due to increased adoption of various digital tools and platforms in corporate training programs by companies and organizations. Such tools and platforms make online training interactive, mobile, and available on-demand for employees. Online training programs facilitate companies to create online libraries with training material to share it with their employees. Surging usage of smart devices and internet for acquiring knowledge instead of physical classrooms during the COVID-19 situation is expected to boost the market during the forecast period.

Retail segment is expected to expand at a rapid pace

On the basis of end-users, the market is divided into retail, financial services, pharmaceutical & healthcare, hospitality, government, manufacturing, it, business & professional services, and others. The retail segment is projected to fuel the market during the forecast period, due to rising corporate investments in employee and staff training in the retail sector. These trainings are aimed at improving sales and achieving customer satisfaction. Information Technology Enabled Services (ITES) and Business Process Outsourcing (BPO) industries require soft skills training programs to train their employees to provide quality services to customers, which spur the global corporate training market.

North America dominates the market

On the basis of regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to hold a large share of the market, owing to the presence of many organizations and Multinational Corporations (MNCs) in the region. Rising focus of these organizations and MNCs on increasing their employment rate to expand their geographical presence is expected to drive the global corporate training market during the forecast period. Presence of several key players such as GP Strategies Corporation, Pluralsight, Cornerstone OnDemand, Inc. and others in North America is anticipated to expand the market in the region. Moreover, economic stimulus packages introduced by governments in the region to ease the negative impact of COVID-19 on economy is estimated to spur the market during the forecast period.

Global Corporate Training Market by Regions

Segments

The global corporate training market has been segmented on the basis of
Types
  • Technical Training
  • Quality Training
  • Soft-Skills
  • Brand Training
  • Compliance Training
  • Safety Training
  • Sales Training
  • Product & Services Training
  • Others
Methods
  • Online
  • Offline
  • Instructor-led
  • Self-led
  • Blended
  • Others
End-users
  • Retail
  • Financial Services
  • Pharmaceutical & Healthcare
  • Hospitality
  • Government
  • Manufacturing
  • IT
  • Business & Professional Services
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Adobe, Inc.
  • Learning Technologies Group, Plc. (LTG)
  • BizLibrary
  • Allen Communication Learning Services
  • Cornerstone OnDemand, Inc.
  • City and Guilds Group
  • Desire2Learn (D2L)
  • Franklin Covey, Co.
  • Simplilearn Solutions, Pvt. Ltd.
  • GP Strategies Corporation
  • Skillsoft, Ltd.
  • Wilson Learning Worldwide, Inc.
  • Cisco Systems, Inc.
  • John Wiley & Sons, Inc.
  • NIIT, Ltd.
  • Udemy, Inc.
  • The British Standards Institutions
  • Pluralsight, Inc.
  • Bureau Veritas
  • TUV Nord
  • Others

Competitive Landscape

The global corporate training market is highly competitive with the presence of key players such as Adobe, Inc.; Learning Technologies Group, Plc. (LTG); BizLibrary; Allen Communication Learning Services; Cornerstone OnDemand, Inc.; City and Guilds Group; Desire2Learn (D2L); Franklin Covey, Co.; Simplilearn Solutions, Pvt. Ltd.; GP Strategies Corporation; Skillsoft, Ltd.; Wilson Learning Worldwide, Inc.; Cisco Systems, Inc.; John Wiley & Sons, Inc.; NIIT, Ltd.; Udemy, Inc.; The British Standards Institutions; Pluralsight, Inc.; Bureau Veritas; TUV Nord, and others, who use strategies such as mergers, collaborations, acquisitions, partnerships, and product launches to strengthen their hold on the market. For example, in October 2021, Learning Technologies Group, Plc. (LTG), a London-based technology and service provider for digital learning, acquired GP Strategies Corporation, a provider of sales and technical training, to broaden its offering, scale, and cross-selling opportunities.

Global Corporate Training Market by Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Corporate Training Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Corporate Training Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Corporate Training Market - Supply Chain
  4.5. Global Corporate Training Market Forecast
     4.5.1. Corporate Training Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Corporate Training Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Corporate Training Market Absolute $ Opportunity
5. Global Corporate Training Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Corporate Training Market Size and Volume Forecast by Types
     5.3.1. Technical Training
     5.3.2. Quality Training
     5.3.3. Soft-Skills
     5.3.4. Brand Training
     5.3.5. Compliance Training
     5.3.6. Safety Training
     5.3.7. Sales Training
     5.3.8. Product & Services Training
     5.3.9. Others
     5.3.10.  
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Corporate Training Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Corporate Training Market Size and Volume Forecast by End Users
     6.3.1. Retail
     6.3.2. Financial Services
     6.3.3. Pharmaceutical & Healthcare
     6.3.4. Hospitality
     6.3.5. Government
     6.3.6. Manufacturing
     6.3.7. IT
     6.3.8. Business & Professional Services
     6.3.9. Others
     6.3.10.  
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Corporate Training Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Corporate Training Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Corporate Training Demand Share Forecast, 2019-2026
8. North America Corporate Training Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Corporate Training Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Corporate Training Market Size and Volume Forecast by Types
     8.4.1. Technical Training
     8.4.2. Quality Training
     8.4.3. Soft-Skills
     8.4.4. Brand Training
     8.4.5. Compliance Training
     8.4.6. Safety Training
     8.4.7. Sales Training
     8.4.8. Product & Services Training
     8.4.9. Others
     8.4.10.  
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Corporate Training Market Size and Volume Forecast by End Users
     8.7.1. Retail
     8.7.2. Financial Services
     8.7.3. Pharmaceutical & Healthcare
     8.7.4. Hospitality
     8.7.5. Government
     8.7.6. Manufacturing
     8.7.7. IT
     8.7.8. Business & Professional Services
     8.7.9. Others
     8.7.10.  
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Corporate Training Demand Share Forecast, 2019-2026
9. Latin America Corporate Training Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Corporate Training Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Corporate Training Market Size and Volume Forecast by Types
     9.4.1. Technical Training
     9.4.2. Quality Training
     9.4.3. Soft-Skills
     9.4.4. Brand Training
     9.4.5. Compliance Training
     9.4.6. Safety Training
     9.4.7. Sales Training
     9.4.8. Product & Services Training
     9.4.9. Others
     9.4.10.  
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Corporate Training Market Size and Volume Forecast by End Users
     9.7.1. Retail
     9.7.2. Financial Services
     9.7.3. Pharmaceutical & Healthcare
     9.7.4. Hospitality
     9.7.5. Government
     9.7.6. Manufacturing
     9.7.7. IT
     9.7.8. Business & Professional Services
     9.7.9. Others
     9.7.10.  
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Corporate Training Demand Share Forecast, 2019-2026
10. Europe Corporate Training Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Corporate Training Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Corporate Training Market Size and Volume Forecast by Types
     10.4.1. Technical Training
     10.4.2. Quality Training
     10.4.3. Soft-Skills
     10.4.4. Brand Training
     10.4.5. Compliance Training
     10.4.6. Safety Training
     10.4.7. Sales Training
     10.4.8. Product & Services Training
     10.4.9. Others
     10.4.10.  
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Corporate Training Market Size and Volume Forecast by End Users
     10.7.1. Retail
     10.7.2. Financial Services
     10.7.3. Pharmaceutical & Healthcare
     10.7.4. Hospitality
     10.7.5. Government
     10.7.6. Manufacturing
     10.7.7. IT
     10.7.8. Business & Professional Services
     10.7.9. Others
     10.7.10.  
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Corporate Training Demand Share Forecast, 2019-2026
11. Asia Pacific Corporate Training Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Corporate Training Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Corporate Training Market Size and Volume Forecast by Types
     11.4.1. Technical Training
     11.4.2. Quality Training
     11.4.3. Soft-Skills
     11.4.4. Brand Training
     11.4.5. Compliance Training
     11.4.6. Safety Training
     11.4.7. Sales Training
     11.4.8. Product & Services Training
     11.4.9. Others
     11.4.10.  
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Corporate Training Market Size and Volume Forecast by End Users
     11.7.1. Retail
     11.7.2. Financial Services
     11.7.3. Pharmaceutical & Healthcare
     11.7.4. Hospitality
     11.7.5. Government
     11.7.6. Manufacturing
     11.7.7. IT
     11.7.8. Business & Professional Services
     11.7.9. Others
     11.7.10.  
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Corporate Training Demand Share Forecast, 2019-2026
12. Middle East & Africa Corporate Training Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Corporate Training Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Corporate Training Market Size and Volume Forecast by Types
     12.4.1. Technical Training
     12.4.2. Quality Training
     12.4.3. Soft-Skills
     12.4.4. Brand Training
     12.4.5. Compliance Training
     12.4.6. Safety Training
     12.4.7. Sales Training
     12.4.8. Product & Services Training
     12.4.9. Others
     12.4.10.  
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Corporate Training Market Size and Volume Forecast by End Users
     12.7.1. Retail
     12.7.2. Financial Services
     12.7.3. Pharmaceutical & Healthcare
     12.7.4. Hospitality
     12.7.5. Government
     12.7.6. Manufacturing
     12.7.7. IT
     12.7.8. Business & Professional Services
     12.7.9. Others
     12.7.10.  
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Corporate Training Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Corporate Training Market: Market Share Analysis
  13.2. Corporate Training Distributors and Customers
  13.3. Corporate Training Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Adobe, Inc.
     13.4.2. Learning Technologies Group, Plc. (LTG)
     13.4.3. BizLibrary
     13.4.4. Allen Communication Learning Services
     13.4.5. Cornerstone OnDemand, Inc.
     13.4.6. City and Guilds Group
     13.4.7. Desire2Learn (D2L)
     13.4.8. Franklin Covey, Co.
     13.4.9. Simplilearn Solutions, Pvt. Ltd.
     13.4.10. GP Strategies Corporation

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FAQ Section

Some frequently asked questions about this report!

The global corporate training market is anticipated to expand at a CAGR of around 8% during the forecast period, 2022 – 2030.

The global corporate training market size was valued at around USD 332.8 billion in 2021 and is estimated to reach around USD 487.5 billion by 2030.

Technical training, quality training, soft-skills, brand training, compliance training, safety training, sales training, product & services training, and others are the types of corporate training.

Online corporate training refers to training conducted with the help of online or virtual modules and platforms.

Corporate training is important, as it enhances motivation, productivity, and efficiency of employees, and helps companies and organizations to achieve their business goals.

Adobe, Inc.; Learning Technologies Group, Plc. (LTG) BizLibrary; Allen Communication Learning Services; Cornerstone OnDemand, Inc.; City and Guilds Group are some of the key players in the market.

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