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COVID-19: Corporate Training Market in the US (2020-2024)- Roadmap for Recovery | Focus on Flexible Learning Platforms to Boost the Market Growth | Technavio

LONDON--(BUSINESS WIRE)--#CorporateTrainingMarketinUS--Technavio has been monitoring the corporate training market in the US and it is poised to grow by USD 19.51 bn during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



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Frequently Asked Questions:

  • What are the major trends in the market?
    Emergence of cost-effective e-learning training modules is a major trend driving the growth of the market
  • At what rate is the market projected to grow?
    The year-over-year growth for 2020 is estimated at 9.31% and the incremental growth of the market is anticipated to be USD 19.51 bn
  • Who are the top players in the market?
    Adobe Inc., Cisco Systems Inc., City & Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley & Sons Inc., NIIT Ltd., Skillsoft Ltd., and Wilson Learning Worldwide Inc, are some of the major market participants
  • What is the key market driver?
    The focus on flexible learning platforms is one of the major factors driving the market
  • How big is the Technical course market?
    The technical course region will contribute 59% of the market share

     

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Adobe Inc., Cisco Systems Inc., City & Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley & Sons Inc., NIIT Ltd., Skillsoft Ltd., and Wilson Learning Worldwide Inc. are some of the major market participants. The focus on flexible learning platforms will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Corporate training market in the US 2020-2024: Segmentation

Corporate training market in the US is segmented as below:

  • Product
    • Technical Courses
    • Non-technical Courses
  • End-user
    • Manufacturing
    • Healthcare
    • BFSI
    • IT
    • Others
  • Method
    • Blended Learning
    • Offline Learning
    • Online Learning

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Corporate training market in the US 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The corporate training market in the US report covers the following areas:

  • Corporate training market in the US Size
  • Corporate training market in the US Trends
  • Corporate training market in the US Industry Analysis

This study identifies the emergence of cost-effective e-learning training modules as one of the prime reasons driving the corporate training market growth in the US during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Corporate training market in the US 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist corporate training market growth in the US during the next five years
  • Estimation of the corporate training market size in the US and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the corporate training market in the US
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of corporate training market vendors in the US

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Technical courses - Market size and forecast 2019-2024
  • Non-technical courses - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user placement
  • Manufacturing - Market size and forecast 2019-2024
  • Healthcare - Market size and forecast 2019-2024
  • BFSI - Market size and forecast 2019-2024
  • IT - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End-user

Market Segmentation by Method

  • Market segments
  • Comparison by Method placement
  • Blended learning - Market size and forecast 2019-2024
  • Offline learning - Market size and forecast 2019-2024
  • Online learning - Market size and forecast 2019-2024
  • Market opportunity by Method

Customer landscape

  • Overview

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Adobe Inc.
  • Cisco Systems Inc.
  • City & Guilds Group
  • D2L Corp.
  • Franklin Covey Co.
  • GP Strategies Corp.
  • John Wiley & Sons Inc.
  • NIIT Ltd.
  • Skillsoft Ltd.
  • Wilson Learning Worldwide Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

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