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Market Research Report

Corporate Training Market in US 2019-2023

Published by TechNavio (Infiniti Research Ltd.) Product code 336903
Published Content info 127 Pages
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Corporate Training Market in US 2019-2023
Published: July 30, 2019 Content info: 127 Pages
Description

About this market

Corporate training includes a range of activities that are focused on the professional development of employees in organizations by enhancing their competence and technical and non-technical skill sets. Technavio's corporate training market in US analysis considers sales from both technical courses and non-technical courses. In 2018, the technical courses segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing adoption of video-based, simulation-based, and game-based elements in technical courses will play a significant role in the technical courses segment to maintain its market position. Also, our global corporate training market in US report looks at factors such as growing prominence of workplace training, growing emphasis on flexible learning platforms, and rising emphasis on personalization in corporate training. However, the growing prominence of MOOCs in corporate learning, the high initial cost involved in the implementation of corporate training programs, and poor completion rates of corporate e-learning courses may hamper the growth of the corporate training market in the US over the forecast period.

Overview

Rising emphasis on personalization in corporate training

The advent of personalization of corporate training resources has aided the growth of the corporate training market in the US over the last few years. Companies are increasingly preferring corporate training programs that offer a high degree of personalization to address specific learning objectives and knowledge gaps of employees. The adoption of personalized learning programs enables companies to provide training and course content that caters to individual employee requirements. Also, personalized training involves a cost-effective, blended approach when compared with traditional classroom-based training, thereby ensuring improved employee engagement and on-the-job learning This emphasis on personalization in corporate training will lead to the expansion of corporate training market in the US at a CAGR of over 10% during the forecast period.

Rising popularity of microlearning

Microlearning involves the division of learning content into smaller modules or nuggets that provide a clear understanding of a particular concept. Organizations are increasingly encouraging the implementation of microlearning in corporate training programs and services to ensure effective learner engagement. Microlearning offers contextual, real-time content in the form of videos and other multimedia, which enables employees to learn at their own pace. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the corporate training market in US during the forecast period 2019-2023, view our report.

Competitive Landscape

With the presence of several major players, the corporate training market in the US is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading corporate training market in US manufacturers, that include D2L Corp., Franklin Covey Co., GP Strategies Corp., John Wiley & Sons Inc., and Skillsoft Ltd.

Also, the corporate training market in US report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Table of Contents
Product Code: IRTNTR31799

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Technical courses - Market size and forecast 2018-2023
  • Non-technical courses - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • Manufacturing - Market size and forecast 2018-2023
  • Healthcare - Market size and forecast 2018-2023
  • BFSI - Market size and forecast 2018-2023
  • IT - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 09: MARKET SEGMENTATION BY LEARNING METHOD

  • Market segmentation by learning method
  • Comparison by learning method
  • Blended learning - Market size and forecast 2018-2023
  • Offline learning - Market size and forecast 2018-2023
  • Online learning - Market size and forecast 2018-2023
  • Market opportunity by learning method

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Growing incorporation of geofencing in corporate training
  • Rising popularity of microlearning
  • Growing prominence of gamification

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • D2L Corp.
  • Franklin Covey Co.
  • GP Strategies Corp.
  • John Wiley & Sons, Inc.
  • Skillsoft Ltd.

PART 15: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 16: EXPLORE TECHNAVIO

List of Exhibits

  • Exhibit 01: Product overview
  • Exhibit 02: Global education market
  • Exhibit 03: Segments of global education market
  • Exhibit 04: Market characteristics
  • Exhibit 05: Market segments
  • Exhibit 06: Market definition - Inclusions and exclusions checklist
  • Exhibit 07: Market size 2018
  • Exhibit 08: Country market: Size and forecast 2018-2023 ($ billions)
  • Exhibit 09: Country market: Year-over-year growth 2019-2023 (%)
  • Exhibit 10: Five forces analysis 2018
  • Exhibit 11: Five forces analysis 2023
  • Exhibit 12: Bargaining power of buyers
  • Exhibit 13: Bargaining power of suppliers
  • Exhibit 14: Threat of new entrants
  • Exhibit 15: Threat of substitutes
  • Exhibit 16: Threat of rivalry
  • Exhibit 17: Market condition - Five forces 2018
  • Exhibit 18: Product - Market share 2018-2023 (%)
  • Exhibit 19: Comparison by product
  • Exhibit 20: Technical courses - Market size and forecast 2018-2023 ($ billions)
  • Exhibit 21: Technical courses - Year-over-year growth 2019-2023 (%)
  • Exhibit 22: Non-technical courses - Market size and forecast 2018-2023 ($ billions)
  • Exhibit 23: Non-technical courses - Year-over-year growth 2019-2023 (%)
  • Exhibit 24: Market opportunity by product
  • Exhibit 25: Customer landscape
  • Exhibit 26: End-user - Market share 2018-2023 (%)
  • Exhibit 27: Comparison by end-user
  • Exhibit 28: Manufacturing - Market size and forecast 2018-2023 ($ billions)
  • Exhibit 29: Manufacturing - Year-over-year growth 2019-2023 (%)
  • Exhibit 30: Healthcare - Market size and forecast 2018-2023 ($ billions)
  • Exhibit 31: Healthcare - Year-over-year growth 2019-2023 (%)
  • Exhibit 32: BFSI - Market size and forecast 2018-2023 ($ billions)
  • Exhibit 33: BFSI - Year-over-year growth 2019-2023 (%)
  • Exhibit 34: IT - Market size and forecast 2018-2023 ($ billions)
  • Exhibit 35: IT - Year-over-year growth 2019-2023 (%)
  • Exhibit 36: Others - Market size and forecast 2018-2023 ($ billions)
  • Exhibit 37: Others - Year-over-year growth 2019-2023 (%)
  • Exhibit 38: Market opportunity by end-user
  • Exhibit 39: Learning method - Market share 2018-2023 (%)
  • Exhibit 40: Comparison by learning method
  • Exhibit 41: Blended learning - Market size and forecast 2018-2023 ($ billions)
  • Exhibit 42: Blended learning - Year-over-year growth 2019-2023 (%)
  • Exhibit 43: Offline learning - Market size and forecast 2018-2023 ($ billions)
  • Exhibit 44: Offline learning - Year-over-year growth 2019-2023 (%)
  • Exhibit 45: Online learning - Market size and forecast 2018-2023 ($ billions)
  • Exhibit 46: Online learning - Year-over-year growth 2019-2023 (%)
  • Exhibit 47: Market opportunity by learning method
  • Exhibit 48: Impact of drivers and challenges
  • Exhibit 49: Vendor landscape
  • Exhibit 50: Landscape disruption
  • Exhibit 51: Vendors covered
  • Exhibit 52: Vendor classification
  • Exhibit 53: Market positioning of vendors
  • Exhibit 54: D2L Corp. - Vendor overview
  • Exhibit 55: D2L Corp. - Product segments
  • Exhibit 56: D2L Corp. - Organizational developments
  • Exhibit 57: D2L Corp. - Key offerings
  • Exhibit 58: Franklin Covey Co. - Vendor overview
  • Exhibit 59: Franklin Covey Co. - Business segments
  • Exhibit 60: Franklin Covey Co. - Organizational developments
  • Exhibit 61: Franklin Covey Co. - Geographic focus
  • Exhibit 62: Franklin Covey Co. - Segment focus
  • Exhibit 63: Franklin Covey Co. - Key offerings
  • Exhibit 64: GP Strategies Corp. - Vendor overview
  • Exhibit 65: GP Strategies Corp. - Business segments
  • Exhibit 66: GP Strategies Corp. - Organizational developments
  • Exhibit 67: GP Strategies Corp. - Geographic focus
  • Exhibit 68: GP Strategies Corp. - Segment focus
  • Exhibit 69: GP Strategies Corp. - Key offerings
  • Exhibit 70: John Wiley & Sons Inc. - Vendor overview
  • Exhibit 71: John Wiley & Sons Inc. - Business segments
  • Exhibit 72: John Wiley & Sons Inc. - Organizational developments
  • Exhibit 73: John Wiley & Sons Inc. - Geographic focus
  • Exhibit 74: John Wiley & Sons Inc. - Segment focus
  • Exhibit 75: John Wiley & Sons Inc. - Key offerings
  • Exhibit 76: Skillsoft Ltd. - Vendor overview
  • Exhibit 77: Skillsoft Ltd. - Product segments
  • Exhibit 78: Skillsoft Ltd. - Organizational developments
  • Exhibit 79: Skillsoft Ltd. - Key offerings
  • Exhibit 80: Validation techniques employed for market sizing
  • Exhibit 81: Definition of market positioning of vendors
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