Dublin, Oct. 27, 2022 (GLOBE NEWSWIRE) — The “Corporate Training Market by Training Program, by Industry: Global Opportunity Analysis and Industry Forecast, 2019-2030” Report has been added ResearchAndMarkets.com Offer.
The global business training market was valued at US$332,931.1 million in 2019 and is projected to reach US$487,305.7 million by 2030, growing at a CAGR of 8.0% from 2021-2030.
Corporate training, also known as workplace learning, is a method of improving an employee’s skills, job performance and efficiency. Training methods are offered for the further development of employees. Company training helps in developing employee skills including communication, negotiation skills, technical skills and others. There are many online and offline training centers that offer basic training to employees.
The increase in workplace learning demands across the world and the rise of the concept of microlearning are fueling the growth of the business training market. Additionally, the increasing use of gamification to train employees continues to drive the growth of the market. However, fiscal worries of corporate sectors are expected to hamper the growth of the market. Nonetheless, the advent of low-cost e-learning training modules and the advent of Internet of Things (IOT) and wearable devices are expected to bring tremendous opportunities for market growth in terms of revenue during the forecast period.
The global corporate training market segment is categorized on the basis of training methodology, training program, industry sector, and region. By training method, the operational training market is divided into virtual and in-person. According to training programs, 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, Pharma & Healthcare, Financial Services, Professional Services, Public Enterprises,…
