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Corporate Training Market Size, Share & Trends Analysis Report By Training Program (Technical Training, Soft Skills, Compliance, Quality Training, and Others), By Industries, By Regional Outlook and Forecast, 2024 - 2031

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    Report

  • 210 Pages
  • August 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5992314
Description Jump to:
The Global Corporate Training Market size is expected to reach $582.6 billion by 2031, rising at a market growth of 6.8% CAGR during the forecast period.

European businesses prioritize skills development and lifelong learning to enhance workforce productivity, adaptability, and competitiveness in a global economy. The training programs focus on upskilling and reskilling employees in emerging technologies, digital literacy, industry-specific knowledge, languages, and soft skills, aligning with industry demands and market trends. Consequently, the European region would acquire nearly 32% of the total market share by 2031.



Organizations that prioritize employee development through training show dedication to their employees' professional growth and career progression. In addition, well-designed training programs improve employee performance and productivity by enhancing job-specific knowledge, technical competencies, and operational efficiency. Thus, increasing focus on employee development and retention drives the market’s growth. Additionally, Remote and hybrid work arrangements necessitate the adoption of virtual learning platforms that facilitate online training and development. Likewise, virtual training platforms incorporate interactive features such as live chat, breakout rooms, polling, and collaborative tools that enhance participant engagement and interaction. Therefore, the rise of remote and hybrid work models drives the market’s growth.

However, developing engaging and informative training content requires expertise in instructional design, subject matter experts, and often external consultants. Furthermore, hiring skilled trainers or instructors can be costly, especially if they specialize in their fields. Therefore, the high development and delivery costs of comprehensive training programs are hindering market growth.

Driving and Restraining Factors

Drivers
  • Increasing focus on employee development and retention
  • Rise of remote and hybrid work models
  • Rising digital transformation across industries worldwide
Restraints
  • High development and delivery costs of comprehensive training programs
  • Logistical challenges of organizing and scheduling training
Opportunities
  • Rising environmental, social, and governance (ESG) training
  • Increasing emotional intelligence (EI) and mental health awareness
Challenges
  • Challenges in blended learning implementation
  • Limited availability of skilled trainers

Industries Outlook

On the basis of industries, the market is segmented into retail, pharmaceutical & healthcare, professional services, financial services, public enterprises, information technology, and others. The pharmaceutical and healthcare segment acquired 21% revenue share in the market in 2023. Training in the pharmaceutical and healthcare sectors emphasizes patient safety protocols, infection control measures, medication management, and adverse event reporting.



Training Program Outlook

Based on training program, the market is divided into technical training, soft skills, quality training, compliance, and others. The soft skills segment procured 23% revenue share in the market in 2023. As workplaces become more diverse and globalized, communicating effectively, collaborating across cultures, and managing diverse teams has become crucial.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 36% revenue share in the market in 2023. North America boasts advanced technological infrastructure and widespread access to digital tools, online learning platforms, and e-learning solutions.

List of Key Companies Profiled

  • The City and Guilds of London Institute
  • Business Training Library, LLC
  • Franklin Covey Co.
  • Skillsoft Corporation
  • Allen Communication Learning Services
  • Wilson Learning Corporation
  • Learning Technologies Group Plc
  • Simplilearn Solutions Private Limited
  • Cornerstone OnDemand, Inc.
  • D2L Inc.

Market Report Segmentation

By Training Program
  • Technical Training
  • Soft Skills
  • Compliance
  • Quality Training
  • Others
By Industries
  • Financial Services
  • Pharmaceutical & Healthcare
  • Information Technology
  • Professional Services
  • Retail
  • Public Enterprises
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Corporate Training Market, by Training Program
1.4.2 Global Corporate Training Market, by Industries
1.4.3 Global Corporate Training Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Corporate Training Market by Training Program
4.1 Global Technical Training Market by Region
4.2 Global Soft Skills Market by Region
4.3 Global Compliance Market by Region
4.4 Global Quality Training Market by Region
4.5 Global Others Market by Region
Chapter 5. Global Corporate Training Market by Industries
5.1 Global Financial Services Market by Region
5.2 Global Pharmaceutical & Healthcare Market by Region
5.3 Global Information Technology Market by Region
5.4 Global Professional Services Market by Region
5.5 Global Retail Market by Region
5.6 Global Public Enterprises Market by Region
5.7 Global Others Market by Region
Chapter 6. Global Corporate Training Market by Region
6.1 North America Corporate Training Market
6.1.1 North America Corporate Training Market by Training Program
6.1.1.1 North America Technical Training Market by Country
6.1.1.2 North America Soft Skills Market by Country
6.1.1.3 North America Compliance Market by Country
6.1.1.4 North America Quality Training Market by Country
6.1.1.5 North America Others Market by Country
6.1.2 North America Corporate Training Market by Industries
6.1.2.1 North America Financial Services Market by Country
6.1.2.2 North America Pharmaceutical & Healthcare Market by Country
6.1.2.3 North America Information Technology Market by Country
6.1.2.4 North America Professional Services Market by Country
6.1.2.5 North America Retail Market by Country
6.1.2.6 North America Public Enterprises Market by Country
6.1.2.7 North America Others Market by Country
6.1.3 North America Corporate Training Market by Country
6.1.3.1 US Corporate Training Market
6.1.3.1.1 US Corporate Training Market by Training Program
6.1.3.1.2 US Corporate Training Market by Industries
6.1.3.2 Canada Corporate Training Market
6.1.3.2.1 Canada Corporate Training Market by Training Program
6.1.3.2.2 Canada Corporate Training Market by Industries
6.1.3.3 Mexico Corporate Training Market
6.1.3.3.1 Mexico Corporate Training Market by Training Program
6.1.3.3.2 Mexico Corporate Training Market by Industries
6.1.3.4 Rest of North America Corporate Training Market
6.1.3.4.1 Rest of North America Corporate Training Market by Training Program
6.1.3.4.2 Rest of North America Corporate Training Market by Industries
6.2 Europe Corporate Training Market
6.2.1 Europe Corporate Training Market by Training Program
6.2.1.1 Europe Technical Training Market by Country
6.2.1.2 Europe Soft Skills Market by Country
6.2.1.3 Europe Compliance Market by Country
6.2.1.4 Europe Quality Training Market by Country
6.2.1.5 Europe Others Market by Country
6.2.2 Europe Corporate Training Market by Industries
6.2.2.1 Europe Financial Services Market by Country
6.2.2.2 Europe Pharmaceutical & Healthcare Market by Country
6.2.2.3 Europe Information Technology Market by Country
6.2.2.4 Europe Professional Services Market by Country
6.2.2.5 Europe Retail Market by Country
6.2.2.6 Europe Public Enterprises Market by Country
6.2.2.7 Europe Others Market by Country
6.2.3 Europe Corporate Training Market by Country
6.2.3.1 Germany Corporate Training Market
6.2.3.1.1 Germany Corporate Training Market by Training Program
6.2.3.1.2 Germany Corporate Training Market by Industries
6.2.3.2 UK Corporate Training Market
6.2.3.2.1 UK Corporate Training Market by Training Program
6.2.3.2.2 UK Corporate Training Market by Industries
6.2.3.3 France Corporate Training Market
6.2.3.3.1 France Corporate Training Market by Training Program
6.2.3.3.2 France Corporate Training Market by Industries
6.2.3.4 Russia Corporate Training Market
6.2.3.4.1 Russia Corporate Training Market by Training Program
6.2.3.4.2 Russia Corporate Training Market by Industries
6.2.3.5 Spain Corporate Training Market
6.2.3.5.1 Spain Corporate Training Market by Training Program
6.2.3.5.2 Spain Corporate Training Market by Industries
6.2.3.6 Italy Corporate Training Market
6.2.3.6.1 Italy Corporate Training Market by Training Program
6.2.3.6.2 Italy Corporate Training Market by Industries
6.2.3.7 Rest of Europe Corporate Training Market
6.2.3.7.1 Rest of Europe Corporate Training Market by Training Program
6.2.3.7.2 Rest of Europe Corporate Training Market by Industries
6.3 Asia Pacific Corporate Training Market
6.3.1 Asia Pacific Corporate Training Market by Training Program
6.3.1.1 Asia Pacific Technical Training Market by Country
6.3.1.2 Asia Pacific Soft Skills Market by Country
6.3.1.3 Asia Pacific Compliance Market by Country
6.3.1.4 Asia Pacific Quality Training Market by Country
6.3.1.5 Asia Pacific Others Market by Country
6.3.2 Asia Pacific Corporate Training Market by Industries
6.3.2.1 Asia Pacific Financial Services Market by Country
6.3.2.2 Asia Pacific Pharmaceutical & Healthcare Market by Country
6.3.2.3 Asia Pacific Information Technology Market by Country
6.3.2.4 Asia Pacific Professional Services Market by Country
6.3.2.5 Asia Pacific Retail Market by Country
6.3.2.6 Asia Pacific Public Enterprises Market by Country
6.3.2.7 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Corporate Training Market by Country
6.3.3.1 China Corporate Training Market
6.3.3.1.1 China Corporate Training Market by Training Program
6.3.3.1.2 China Corporate Training Market by Industries
6.3.3.2 Japan Corporate Training Market
6.3.3.2.1 Japan Corporate Training Market by Training Program
6.3.3.2.2 Japan Corporate Training Market by Industries
6.3.3.3 India Corporate Training Market
6.3.3.3.1 India Corporate Training Market by Training Program
6.3.3.3.2 India Corporate Training Market by Industries
6.3.3.4 South Korea Corporate Training Market
6.3.3.4.1 South Korea Corporate Training Market by Training Program
6.3.3.4.2 South Korea Corporate Training Market by Industries
6.3.3.5 Singapore Corporate Training Market
6.3.3.5.1 Singapore Corporate Training Market by Training Program
6.3.3.5.2 Singapore Corporate Training Market by Industries
6.3.3.6 Malaysia Corporate Training Market
6.3.3.6.1 Malaysia Corporate Training Market by Training Program
6.3.3.6.2 Malaysia Corporate Training Market by Industries
6.3.3.7 Rest of Asia Pacific Corporate Training Market
6.3.3.7.1 Rest of Asia Pacific Corporate Training Market by Training Program
6.3.3.7.2 Rest of Asia Pacific Corporate Training Market by Industries
6.4 LAMEA Corporate Training Market
6.4.1 LAMEA Corporate Training Market by Training Program
6.4.1.1 LAMEA Technical Training Market by Country
6.4.1.2 LAMEA Soft Skills Market by Country
6.4.1.3 LAMEA Compliance Market by Country
6.4.1.4 LAMEA Quality Training Market by Country
6.4.1.5 LAMEA Others Market by Country
6.4.2 LAMEA Corporate Training Market by Industries
6.4.2.1 LAMEA Financial Services Market by Country
6.4.2.2 LAMEA Pharmaceutical & Healthcare Market by Country
6.4.2.3 LAMEA Information Technology Market by Country
6.4.2.4 LAMEA Professional Services Market by Country
6.4.2.5 LAMEA Retail Market by Country
6.4.2.6 LAMEA Public Enterprises Market by Country
6.4.2.7 LAMEA Others Market by Country
6.4.3 LAMEA Corporate Training Market by Country
6.4.3.1 Brazil Corporate Training Market
6.4.3.1.1 Brazil Corporate Training Market by Training Program
6.4.3.1.2 Brazil Corporate Training Market by Industries
6.4.3.2 Argentina Corporate Training Market
6.4.3.2.1 Argentina Corporate Training Market by Training Program
6.4.3.2.2 Argentina Corporate Training Market by Industries
6.4.3.3 UAE Corporate Training Market
6.4.3.3.1 UAE Corporate Training Market by Training Program
6.4.3.3.2 UAE Corporate Training Market by Industries
6.4.3.4 Saudi Arabia Corporate Training Market
6.4.3.4.1 Saudi Arabia Corporate Training Market by Training Program
6.4.3.4.2 Saudi Arabia Corporate Training Market by Industries
6.4.3.5 South Africa Corporate Training Market
6.4.3.5.1 South Africa Corporate Training Market by Training Program
6.4.3.5.2 South Africa Corporate Training Market by Industries
6.4.3.6 Nigeria Corporate Training Market
6.4.3.6.1 Nigeria Corporate Training Market by Training Program
6.4.3.6.2 Nigeria Corporate Training Market by Industries
6.4.3.7 Rest of LAMEA Corporate Training Market
6.4.3.7.1 Rest of LAMEA Corporate Training Market by Training Program
6.4.3.7.2 Rest of LAMEA Corporate Training Market by Industries
Chapter 7. Company Profiles
7.1 The City and Guilds of London Institute
7.1.1 Company Overview
7.2 Business Training Library, LLC
7.2.1 Company Overview
7.3 Franklin Covey Co.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Product Launches and Product Expansions:
7.4 Allen Communication Learning Services
7.4.1 Company Overview
7.5 Wilson Learning Corporation
7.5.1 Company Overview
7.6 Simplilearn Solutions Private Limited
7.6.1 Company Overview
7.7 Skillsoft Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Recent strategies and developments:
7.7.4.1 Partnerships, Collaborations, and Agreements:
7.7.4.2 Product Launches and Product Expansions:
7.7.5 SWOT Analysis
7.8 Learning Technologies Group Plc
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.9 Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.)
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. D2L Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Research & Development Expenses
Chapter 8. Winning Imperatives for Corporate Training Market

Companies Mentioned

  • The City and Guilds of London Institute
  • Business Training Library, LLC
  • Franklin Covey Co.
  • Skillsoft Corporation
  • Allen Communication Learning Services
  • Wilson Learning Corporation
  • Learning Technologies Group Plc
  • Simplilearn Solutions Private Limited
  • Cornerstone OnDemand, Inc.
  • D2L Inc.

Methodology

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