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NEW YORK, Aug. 8, 2022 /PRNewswire/ — The “Corporate Training Market in US by Product (Technical courses and Non-technical courses) and End-user (Manufacturing, Healthcare, BFSI, IT, and Others) – Forecast and Analysis 2021-2025″ report has been added to Technavio’s offering. The potential growth difference for the corporate training market size in the US between 2020 and 2025 is USD 19.51 bn. To get the exact yearly growth variance and the YOY growth rate, Request a Sample Report.
- Market Driver: Emergence of cost-effective e-learning training modules
- Market Challenge: Growing prominence of MOOCs in corporate learning
Technavio helps businesses be up-to-date with key drivers, trends, and challenges. View our FREE PDF Sample Report
The corporate training market in the US is fragmentedwith the presence of several international and regional players. Vendors are deploying various organic and inorganic growth strategies to compete in the market. Corporate organizations are collaborating with vendors for the development and implementation of technical and non-technical training through digital tools owing to the Rapid shift toward digitalization. Established international vendors that provide corporate training services in the US have a competitive edge in the market owing to their high investment capabilities, brand name, and large scale of operations. However, new entrants have low entry barriers due to relaxed regulations and easy access to distribution channels.
By product, the technical training segment will contribute the highest market share growth during the forecast period. Technical courses focus on training employees on knowledge and skills that are essential and relevant to specific industries. These courses largely include training related to plant or facility management, new recruitment fundamentals, product and software feature training, programming language training, sales training, and process safety management, among others. Vendors in the corporate training market in the US offer a range of blended, offline, and online technical courses for a variety of technical requirements. Organizations are increasingly adopting blended learning approaches to train their employees on…
Full story available on Benzinga.com
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