Product ID: SQMIG20P2003
Global Corporate Training Market Size, Share, Growth Analysis, By Training Program(Technical Training, Soft Skills), By Industry(Retail, Pharmaceutical) - Industry Forecast 2024-2031
Report ID:
SQMIG20P2003 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
70 |
Figures:
75
Global Corporate Training Market Insights
Global Corporate Training Market size was valued at USD 151.75 billion in 2019 and is poised to grow from USD 163.58 billion in 2023 to USD 487.3 billion by 2031, growing at a CAGR of 8% in the forecast period (2024-2031).
Corporate training is a system of learning activities aimed at empowering employees to perform better in the workplace. Corporate training improves employee productivity, motivation, performance, and retention, which in turn helps organizations achieve their business goals. There are two types of training methods, which include virtual training methods and face-to-face training methods. Furthermore, the Corporate Training market analysis is done on the basis of regions, key players, and segments.
The pandemic has had a negative impact on the corporate training market. COVID19 has caused approximately 195 million job losses worldwide. Additionally, Europe and the Arab States have experienced the worst employment impacts in percentage terms during this pandemic. Hence, this global economic disruption resulted in budget constraints in the corporate sectors that the R and D teams had to contend with, along with several challenges in demonstrating the ROI of their training programs.
US Corporate Training Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Corporate Training Market Report Snapshots
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