Corporate Training Market by Product (Brand Training, Compliance Training, Safety Training), Type (Blended, Instructor Led, Online), End-User - Global Forecast 2024-2030
The Corporate Training Market size was estimated at USD 329.01 billion in 2023 and expected to reach USD 354.97 billion in 2024, at a CAGR 8.61% to reach USD 586.66 billion by 2030.
Corporate training has become an essential part of corporations providing educational activities to employees that covers various topics and improvement areas, from soft skills to role-specific competencies. It benefits employees and businesses to build intellectual capital and upskills or reskills employees. Employing training and development is important for companies to enhance their employee performance in the workplace. Increased use of digital technologies has boosted the use of virtual training platforms across the corporate sector. However, the high cost associated with corporate training creates hurdles for corporate training programs and platform adoption. The integration of advanced technologies, including artificial intelligence (AI) and augmented reality (AR), is enhancing the capabilities of corporate training solutions.
Regional Insights
Americas showcases the rapid growth landscape as a strong regional corporate sector, particularly in the U.S. In addition, a continuously increasing number of business organizations across major economies, including the U.S., Canada, and Mexico, support the penetration of corporate training platforms. Companies in the developed countries in Europe, the Middle East & Africa (EMEA) invest heavily in corporate training programs. Moreover, the corporate training market in Asia-Pacific is growing, attributed to the evolving small, medium, and large-sized enterprises (SMEs) and the implementation of government programs to support corporate training.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Corporate Training Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increasing Focus on Enhancing Employee Skills and Competencies
- Popularity of Virtual Training Systems
- Rise in Learning Requirement at the Workplace and Growing Concept of Micro-Learning
- Market Restraints
- High Costs Associated With Corporate Training
- Market Opportunities
- Adoption of Innovative Tools in Corporate Training
- Investments to Expand and Enhance Corporate Training Platform
- Market Challenges
- Possibility of Poor Quality Training Due to Limited Standardization of Training Methods
- Market Segmentation Analysis
- Product: Ongoing technological trends demanding soft skills training to cultivate essential interpersonal competencies
- End-User: Expanding inclusion of corporate training in the information technology (IT) sector
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Corporate Training Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Corporate Training Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- The Ken Blanchard Companies Partners With Mindtickle To Announce Digital Learning Journeys
Ken Blanchard Companies, a management training consulting and coaching provider, partnered with Mindtickle to launch two ready-to-deploy programs, Leader of Self and Leader of Others. The partnership enabled customers to launch high-impact programs faster, scale across teams quickly, and leverage unique capabilities to drive ongoing sales-performance improvement.
CoSo Cloud Expands eLearning Partnership with Adobe Systems
CoSo Cloud LLC expanded its eLearning partnership with Adobe Inc. by joining the Adobe Experience Manager Solution Partner Program. With the partnership, CoSo continues to build on its long-standing partnership with Adobe as a Managed Services Provider (MSP) and a Gold Partner as a value-added reseller for Adobe Connect and Adobe Learning Manager (ALM) offerings.
Simplilearn raises $45 mn in Series E round | Mint
Simplilearn Solutions Pvt. Ltd. raised USD 45 million in a Series E funding round from a consortium led by GSV Ventures. Through this funding, Simplilearn witnessed the need for a digitally skilled workforce across industries and continues to be focused on bridging the digital skill gap.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Corporate Training Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Corporate Training Market, highlighting leading vendors and their innovative profiles. These include Adobe Inc., Allen Communication Learning Services, Berlitz Corporation, Cisco Systems, Inc., City and Guilds, CLOUDTHAT TECHNOLOGIES PRIVATE LIMITED, Cornerstone Ondemand, Inc., D2L Inc., Demos Group, Development Dimensions International, Inc., Excelerate Sdn. Bhd., Franklin Covey Co., Henry Harvin, Interaction Associates, Inc., iSpring Solutions, Inc., John Wiley & Sons, Inc., KEEN IT TECHNOLOGIES PVT.LTD., Learning Technologies Group PLC, Mind Gym PLC, myTectra, NIIT Limited, PinPoint Workforce, Inc., Richardson Sales Performance, Simplilearn Americas Inc., Smart Sparrow, Speexx, The Ken Blanchard Companies, Udemy, Inc., and Wilson Learning Worldwide Inc..
Market Segmentation & Coverage
This research report categorizes the Corporate Training Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Brand Training
- Compliance Training
- Safety Training
- Sales Training
- Soft Skills Courses
- Technical Courses
- Type
- Blended
- Instructor Led
- Online
- End-User
- BFSI
- Government Business
- Healthcare
- Hospitality
- IT
- Manufacturing
- Professional Services
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing Focus on Enhancing Employee Skills and Competencies
- 5.1.1.2. Popularity of Virtual Training Systems
- 5.1.1.3. Rise in Learning Requirement at the Workplace and Growing Concept of Micro-Learning
- 5.1.2. Restraints
- 5.1.2.1. High Costs Associated With Corporate Training
- 5.1.3. Opportunities
- 5.1.3.1. Adoption of Innovative Tools in Corporate Training
- 5.1.3.2. Investments to Expand and Enhance Corporate Training Platform
- 5.1.4. Challenges
- 5.1.4.1. Possibility of Poor Quality Training Due to Limited Standardization of Training Methods
- 5.2. Market Segmentation Analysis
- 5.2.1. Product: Ongoing technological trends demanding soft skills training to cultivate essential interpersonal competencies
- 5.2.2. End-User: Expanding inclusion of corporate training in the information technology (IT) sector
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of Russia-Ukraine Conflict
- 5.5. Cumulative Impact of High Inflation
- 5.6. Porter’s Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
- 5.7. Value Chain & Critical Path Analysis
- 5.8. Regulatory Framework Analysis
- 5.9. Client Customization
- 6. Corporate Training Market, by Product
- 6.1. Introduction
- 6.2. Brand Training
- 6.3. Compliance Training
- 6.4. Safety Training
- 6.5. Sales Training
- 6.6. Soft Skills Courses
- 6.7. Technical Courses
- 7. Corporate Training Market, by Type
- 7.1. Introduction
- 7.2. Blended
- 7.3. Instructor Led
- 7.4. Online
- 8. Corporate Training Market, by End-User
- 8.1. Introduction
- 8.2. BFSI
- 8.3. Government Business
- 8.4. Healthcare
- 8.5. Hospitality
- 8.6. IT
- 8.7. Manufacturing
- 8.8. Professional Services
- 9. Americas Corporate Training Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Corporate Training Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Corporate Training Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. The Ken Blanchard Companies Partners With Mindtickle To Announce Digital Learning Journeys
- 12.3.2. CoSo Cloud Expands eLearning Partnership with Adobe Systems
- 12.3.3. Simplilearn raises $45 mn in Series E round | Mint
- 12.3.4. upGrad signs 335,000 sq. ft space for expansion across 4 cities
- 12.3.5. iFuture Technologies launches exclusive corporate training program in Kalyan and Thane, Mumbai
- 12.3.6. NIIT acquires US-based St Charles Consulting to expand strategic learning capabilities - The Hindu BusinessLine
- 12.3.7. City & Guilds acquires electrical training provider Trade Skills 4U
- 12.3.8. Simplilearn in partnership with Meta Immersive Learning launches program in Spark AR Studio
- 12.3.9. Edtech start-up upGrad acquires corporate training solutions firm Centum
- 12.3.10. Hone Raises $30M Series B Round to Expand its Corporate Learning Platform
- 12.3.11. Learnsoft bags first external financing to expand its corporate upskilling platform
- 12.3.12. Wiley Launches “Self Empowered,” New Program Designed to Help Companies Empower Leadership at Every Level
- 12.3.13. TDCX Thailand Launches Training Program to Equip Agents With the Top Skills Needed By 2025
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
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