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Revolutionizing Workforce Development: Global Corporate Training Market to Reach USD 350.2 Billion in 2022

05-16-2023 07:25 PM CET | IT, New Media & Software

Press release from: Evolve Business Intelligence

Revolutionizing Workforce Development: Global Corporate

As per the study initiated by Evolve Business Intelligence, the global Corporate Training market size accounted for USD 350.2 Billion in 2022, growing at a CAGR of 9.2% from 2023 to 2033. Corporate training refers to the process of providing education and skill development programs to employees of an organization to improve their knowledge and productivity. The market is driven by factors such as the increasing demand for workforce development programs, rising adoption of e-learning solutions, and the growing need for employee upskilling and reskilling. The market is also influenced by the emergence of new technologies such as artificial intelligence, machine learning, and virtual reality that are being integrated into corporate training programs to enhance their effectiveness. The market is highly competitive with the presence of various players offering a wide range of corporate training solutions, including classroom-based training, online training, and blended learning programs, to cater to the diverse needs and preferences of organizations.
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Key Highlights:
• The global Corporate Training Market size was valued at USD 350.2 billion in 2022 growing at a CAGR of 9.2% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Corporate Training Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Corporate Training market report also includes the following data points:
• COVID19 Impact on Corporate Training market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Corporate Training market
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Key Players
Some of the major Corporate Training players holding high market share include allen communication learning services, Business Training Library, Inc., City and Guilds International Limited and Cornerstone On Demand.These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• allen communication learning services
• Business Training Library Inc.
• City and Guilds International Limited
• Cornerstone OnDemand, Inc.
• D Two L
• Franklin Covey Co.
• GP Strategies Corporation
• Simplilearn Solutions
• Skillsoft
• Wilson Learning Worldwide Inc.
Segmental Analysis
Market Segment By Training Program with focus on market share, consumption trend, and growth rate of Corporate Training Market:
o Quality Training
o Compliance
o Others Training Program
o Technical Training
o Soft Skills
Market Segment By Industries with focus on market share, consumption trend, and growth rate of Corporate Training Market:
o Retail
o Pharmaceutical And Healthcare
o Financial Services
o Professional Services
o Public Enterprises
o Information Technology
o Others Industries
Parameters Details
Market Size (2022) $ 350.2 Billion
CAGR (2023 to 2033) 9.2%
Market Segmentation Training Program, Industries
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=019340
Global Corporate Training Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence providesan understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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Evolve Business Intelligence
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India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies

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