PUBLISHER: Allied Market Research | PRODUCT CODE: 1097633
PUBLISHER: Allied Market Research | PRODUCT CODE: 1097633
The global corporate training market was valued at $332,931.1 million in 2019, and is projected to reach $487,305.7 million by 2030, registering a CAGR of 8.0% from 2021 to 2030. Corporate training, which is also known as workplace learning, is a method to improve the skills, work performance, and efficiency of an employee. There are training methods offered for the development of employees. Corporate training helps in advancing the skills sets of employees including communications, negotiation skills, technical skills, and others. There are many online as well as offline training centers that provide essential training to the employees.
Rise in learning requirement at the workplace across the globe and rise in concept of micro-learning boosts the corporate training market growth. Moreover, growing use of gamification for training employees further fuels the growth of the market. However, budgetary concern of corporate sectors is expected to hamper the growth of the market. Nevertheless, emergence of cost-effective e-learning training modules and emergence of internet of things (IOT) and wearable devices are anticipated to offer immense opportunities for the market growth, in terms of value sales, during the forecast period.
The global corporate training market segment is categorized on the basis of training method, training program, industry, and region. By training method, the corporate training market is classified into virtual and face-to-face. By training program, it is divided into technical training, soft skills training, quality training, compliance training and other training programs.
By industry, it is categorized into FMCG/retail, pharmaceutical and healthcare, financial services, professional services, public enterprises, information technology, and other industries. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Training Program
By Industries
By Region