US Corporate Training Market Size study, by Technical Program (Technical Training, Soft Skills, Quality Training, Compliance, Others Training Program), by Industries (Retail, Pharmaceutical and Healthcare, Financial Services, Professional Services, Public
US Corporate Training Market Size study, by Technical Program (Technical Training, Soft Skills, Quality Training, Compliance, Others Training Program), by Industries (Retail, Pharmaceutical and Healthcare, Financial Services, Professional Services, Public Enterprises, Information Technology, Others Industries) Forecasts 2022-2032
US Corporate Training Market is valued at approximately USD 90.9534 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.14% over the forecast period 2024-2032. Corporate training refers to organized educational programmes and actions carried out in businesses to strategically develop employees' abilities, knowledge, and skills, with the goal of achieving measurable improvements in performance, productivity, and organizational results. It entails more than just giving instructions; instead, it focuses on a personalized strategy that meets the specific needs and goals of the company, promoting a culture of continuous learning and growth by providing individuals with the necessary skills and resources to succeed in their positions and contribute to the organization's success. The US Corporate Training Market includes programmes that provide employees with educational and developmental opportunities to improve their skills, knowledge, and performance inside organisations. The Ongoing Upskilling and Diversity, Equity, And Inclusion (DEI) Training Demand is a trend in US Corporate Training Market. This trend is emerging due to the imperative need to continuously upskill employees in response to rapid technological advancements.
The US Corporate Market Training Market is driven by several factors such as Technological Advancements, Increasing Complexity of Regulatory Requirements and Focus on Diversity, Equity, and Inclusion (DEI) Initiatives. Technological Advancements is a significant force in the market, as technological advancements necessitate ongoing skills development to keep up with changing tools and innovations. Companies recognize the importance of investing in training programs to ensure that their employees remain skilled and competitive in the evolving landscape. This includes training in emerging technologies, software platforms, and digital workflows. However, determining the Return On Investment (ROI) for training programmes is a key difficulty that can impede organisations' ability to justify spending and allocate resources effectively in the corporate training market.
Major market player included in this report are:
Bizlibrary Inc.
GP Strategies Corporation
Franklin Covey Co.
D2L Corporation
Cornestone OnDemand Inc.
Allen Communications Learning Services
SkillSoft Corporation
Company 8
Company 9
Company 10
The detailed segments and sub-segment of the market are explained below:
By Training Program
Technical Training
Soft Skills
Quality Training
Compliance
Others Training Program
By Industries
Retail
Phaemaceutical and Healthcare
Financial Services
Public Enterprises
Professional Services
Information Technology
Others Industries
Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
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Chapter 1. US Corporate Training Market Definition and Research Assumptions