Training Market Grow at CAGR of 6.4% by 2026 | Industry Overview, Market Size, Share, Trends and Growth Opportunity : Leading Players - Skillsoft Limited, Raytheon Company

New Research by Coherent Market Insights To give the highest-quality information and reliable market-related data, we used both primary and secondary research methods. The Training report examines the company's national and international commercial potential, as well as market conditions. The research on the global market for Training looked into some of the most important and significant factors that are expected to drive growth in the near future.

The Global Training Market was valued at US$ 94,828.5 Mn in 2017 and is expected to exhibit a CAGR of 6.4% over the forecast period and reach US$ 174,596.6 Mn in 2027

Market Overview:

Because it brings together suppliers, learners, businesses, and leaders from all walks of life in an integrated people management system, learning in the flow of work is becoming increasingly popular in the training market. Simply put, providers are integrating their IT support and marketing resources into the LMS platform so that organisations can receive more value from their employees without having to spend more money on training. This also enables training organisations to re-design their modules and products in order to provide their employees with the greatest possible training experience. In addition, LMS vendors are beginning to maximise the potential of their platform by utilising in-house and third-party developers, as well as SaaS and IaaS applications.

𝗔𝘃𝗮𝗶𝗹 𝘁𝗵𝗲 𝗠𝗼𝘀𝘁 𝗟𝘂𝗰𝗿𝗮𝘁𝗶𝘃𝗲 𝗢𝗳𝗳𝗲𝗿𝘀 𝗼𝗳 𝘁𝗵𝗲 𝐘𝗲𝗮𝗿,
𝐆𝐞𝐭 𝐮𝐩 𝐭𝐨 𝟖𝟎% 𝐨𝐟𝐟.

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Growth Factor:

e-Learning activities based on experiences, such as case studies, branching scenarios, and simulation-based training, are also becoming more popular. Furthermore, the advancement of technology will result in the integration of artificial intelligence technology, which has the ability to provide individualised e-Learning programmes. Better learning management and employee performance will result as a result of this. As a result of the numerous advantages of e-Learning, it is predicted to provide growth prospects in the corporate and educational sectors, resulting in an increase in global demand for training solutions.

Key Market Drivers:

· Over the forecast period, increased M&A activity is expected to move the worldwide training market forward. For example, in June 2021, Skillsoft Corp. paid roughly US$ 22 million in cash for Pluma, Inc., a digital professional development and executive-quality coaching platform.

· Furthermore, the launch of new products is likely to boost the worldwide training market's growth over the forecast period. UL EHS Sustainability, for example, released Windographer 5, a new edition of its software for analysing, visualising, and validating wind resource data from meteorological towers and remote sensing devices, in August 2021.

Major Top Key Players Covered in the report-

· Skillsoft Limited
· Safety Media
· GP Strategies Corp.
· UL EHS Sustainability
· PRYOR Learning Solutions
· Raytheon Company
· DuPont Sustainable Solutions
· 360training.com Inc.
· SAP Litmos
· Vector Solutions
· Global Training Solutions Inc.
· Cornerstone onDemand
· Petroskills
· Euro Petroleum Consultants Ltd. [EPC].

Market Segmentation

By Industry (Government, Pulp & Paper, Oil & Gas, Chemicals & Petrochemicals, Pharmaceuticals, Rail, Industrial Manufacturing, Mining, Power & Utilities, Marine, Offshore, Alternative Energy, Nuclear, Healthcare, and Aerospace)

By Training Type (Online, Offline, and Classroom)

By Method (Computer-based Training, Distance Learning, Learning Management System, App-based Learning, CD-distribution based Learning, Mentoring/Coaching Based Learning, Table-top Exercise Based Learning, Train the Trainer, Learning Methods that are Annuitized, Video/Audio Tape, Blended e-Learning /Instructor-led, Social Learning, Game-based Learning, and Simulation e-Learning)

Classification of Region

The size and value of the market are examined at the global, regional, and company levels in this study. This research looks at historical data and projections to establish the overall market size from a global perspective. North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa are the report's focus regions. The regional market study would benefit market participants by helping them better understand market dynamics in different areas of the world. These crucial insights might aid players in determining their expansion strategy.

Reasons for Buying this Report

· This research offers a detailed examination of shifting competition dynamics.
· It offers a forward-looking perspective on the various elements that are driving or inhibiting market growth.
· It presents a six-year prediction based on how the market is expected to grow. It aids in the comprehension of major product segments and their future prospects.
· It gives you a razor-sharp insight of changing competitive dynamics and keeps you one step ahead of the competition.
· It assists in making informed business decisions by providing comprehensive market insights and in-depth market segment analyses.

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