July 10, 2020
According to the research report titled ‘Global Corporate Training Market - Analysis By Product, By Application, By Learning Method, By Region, By Country: Opportunities and Forecast (2019-2024)’, available with Market Study Report LLC, global corporate training market was worth USD 367.6 billion in 2018 and is expected to record considerable growth through 2024.
Global corporate training market growth is attributed to factors like increasing diversity of learning requirements at workplace, potential of AI and digital platforms, and rising urbanization in developing nations. Additionally, the increasing urban and working population, along with growing emphasis on improving employee skills is likely to influence the market size in the coming years.
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Rapid urbanization, social media, online video, mobile technology, innovations in cloud computing, and difference of jobs and skills, in consort with surging working population has motivated companies to deploy corporate training solutions, which is further enhancing revenue generation from this industry vertical.
The report comprises of an in-depth analysis of the market segment, size, and value. In addition, it also includes the economical and industrial statistics of the industry. The research document provides information regarding market dynamics such as trends, restraints, expansion, and drivers of the industry.
Based on product type, global corporate training market is divided into non-technical and technical. Based on application spectrum, the market is bifurcated into large, medium, and small enterprises. Speaking of learning methods, global corporate training market is categorized into online, offline, and blended learning.
From a regional point of view, global corporate training market is fragmented into North America, Europe, Asia Pacific, and Rest of the World. North America holds a significant market share in global corporate training market and is slated to depict a similar trend over the study period.
Major players in global corporate training market are City & Guild Group, NIIT Ltd., GP Strategies Corp., Cornerstone OnDemand, Inc., and Pluralsight, Inc., among others.