IT Training Market Report and Forecast 2023-2028

According to the report the global IT training market reached a value of USD 76.69 billion in 2022. Aided by the rising usage of smartphones as well as smart wearables and an increase in the e-learning demand, the market is projected to further grow at a CAGR of 6.2% between 2023 and 2028 to reach a value of USD 110.08 billion by 2028.

IT training, a crucial facet of professional development in today’s age, entails imparting knowledge and skills related to the application, development, and management of technology. From fundamental software utilisation to advanced programming concepts and cybersecurity protocols, IT training courses span a wide spectrum, catering to varied proficiency levels and niches.

The ceaseless pace at which technology is advancing makes IT training not just beneficial, but indispensable. As businesses increasingly migrate to digital platforms, harnessing big data, and employ sophisticated software tools, the demand for tech-savvy professionals has surged. IT training bridges the knowledge gap, equipping individuals with skills that are both current and market relevant.

A dominant propellant of the global IT training market growth is the digital transformation sweeping businesses. With the omnipresence of cloud computing, AI integration, and advanced analytics, corporations are in dire need of a workforce that's adept with cutting-edge tools and methodologies. This has led to a robust demand for IT training programs that are in sync with the latest tech trends.

Moreover, the rise of cybersecurity threats, data breaches, and the constant threat of digital espionage have accentuated the significance of IT training. As safeguarding digital assets becomes paramount, training modules focused on cybersecurity, threat mitigation, and secure coding have witnessed an upsurge in popularity, thereby, bolstering the IT training market demand.

The IT sector itself is a dynamic and ever-evolving domain, marked by periodic paradigm shifts. With the advent of technologies like Quantum Computing, Augmented Reality (AR), and the Internet of Things (IoT), there's a persistent need for professionals to update their skill set. Recognising this, companies are investing heavily in IT training, viewing it not as an expense but as a long-term investment that promises substantial returns in terms of productivity, innovation, and growth.

Apart from corporate-driven demand, individual aspirations for career progression in the IT realm also play a pivotal role in impacting the IT training market outlook positively. As IT credentials increasingly become a determinant of career advancement, professionals are proactively enrolling in specialised training programs, aiming to augment their expertise and marketability.

Market Segmentation

The market can be divided based on application, end use, and region.

Market Segmentation

• IT Infrastructure Training
• Enterprise Application and Software Training
• Cyber Security Training
• Database and Big Data Training
• Others

Market Segmentation

• Corporate
• Schools and Colleges
• Others

Market Segmentation

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global IT training market. Some of the major players explored in the report are as follows:

• Computer Generated Solutions
• Tech Data Inc.
• Corpex
• Dell
• IBM
• Oracle
• Others

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.