Global Corporate Training Market to 2030: Increasing Emphasis on Employee Development and Retention Drives Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Corporate Training Market Size, Share, Growth Analysis, By Training Program, By Industry - Industry Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The global corporate training market size was valued at USD 151.75 billion in 2021 and is poised to grow from USD 163.58 billion in 2022 to USD 487.3 billion by 2030, growing at a CAGR of 8% in the forecast period (2023-2030).

The global corporate training market refers to the industry involved in providing training and development services to businesses and organizations. This includes training on a variety of topics, such as leadership development, team building, customer service, and compliance. The market is highly competitive and includes several large players from around the world.

Segments covered in this report

The Global Corporate Training Market is segmented on the basis of Training Programs, Industries, and Regions. Based on Training Programs, the Corporate Training Market is segmented into Technical Training, Soft Skills, Quality Training, Compliance, and Others Training programs.

Based on the Industries, the Corporate Training Market is segmented into Retail, Pharmaceutical And Healthcare, Financial Services, Professional Services, Public Enterprises, Information Technology, and Others Industries. Based on Region, the Global Corporate Training market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

The increasing emphasis on employee development and retention is a major driver of the global corporate training market. As companies strive to attract and retain top talent, they are investing in training and development programs to improve employee skills and job satisfaction.

Additionally, the need for compliance training and certification is driving demand for training services in regulated industries such as healthcare and finance.

Restraint

The high cost of training programs is a major restraint of the corporate training market. Companies may be hesitant to invest in expensive training programs, particularly if they are facing financial challenges or uncertain economic conditions.

Additionally, the lack of standardized training programs and industry certifications can make it difficult for companies to assess the quality and effectiveness of training programs.

Market Trends

The increasing use of technology and e-learning is a significant trend in the corporate training market. Companies are adopting online training platforms and learning management systems to deliver training programs more efficiently and cost-effectively.

Additionally, gamification and other interactive training techniques are becoming more popular as a way to engage learners and increase retention. Finally, there is a growing interest in personalized and adaptive learning, which uses data and analytics to tailor training programs to individual learners' needs and abilities.

Companies Mentioned

• Skillsoft
• LinkedIn Learning
• Pluralsight
• Cornerstone OnDemand
• Udemy for Business
• OpenSesame
• GP Strategies
• D2L Brightspace
• SAP Litmos
• Coursera for Business
• EdCast
• Talentsoft
• Docebo
• Saba Software
• VitalSmarts
• CrossKnowledge
• Allen Interactions
• Caveo Learning
• SkillPath
• Global Knowledge

For more information about this report visit https://www.researchandmarkets.com/r/tn2pxq

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