Latest News- Corporate Training Market in US: Technical courses is expected to lead the Product segment during 2024-2028

The Corporate Training Market in US is being driven by Emergence of cost-effective e-learning training modules

The Corporate Training Market in US is expected to grow at a CAGR of 6.78% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 14.43 billion. The corporate training market in the US has experienced significant growth in the adoption of Internet of Things (IoT) technology and wearable devices over the past few years. Notably, the technology and medical industries have been early adopters of e-learning modules integrated with IoT and wearable devices for enhanced training efficiency. Wearable devices, such as smart glasses like Google Glass and smartwatches, including the Apple Watch, are increasingly popular among trainers and learners in the US. These devices offer convenience and time savings, enabling the tracking of trainee attendance and performance in real-time within an IoT-enabled training environment. 

Get more information on Corporate Training Market in US by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Technical courses
  • Non-technical courses
• Method
  • Blended learning
  • Offline learning
  • Online learning
• End-user
  • Manufacturing
  • Healthcare
  • BFSI
  • IT
  • Retail
  • Education
  • Government
  • Energy
• Training Purpose
  • Leadership Development
  • Compliance
  • Skill Development
• Company Size
  • Small Businesses
  • Medium Businesses
  • Large Enterprises
• Geography
  • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Emergence of cost-effective e-learning training modules
• Growing emphasis on flexible learning platforms
• Rising emphasis on personalization in corporate training

However, the market also witnesses some limitations, which are as follows:

• Growing prominence of MOOCs in corporate learning
• Lack of effective metrics in corporate training
• Poor completion rates of corporate e-learning courses

Benefits of Buying Global Corporate Training Market in US Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Corporate Training Market in US Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In the US corporate training market, companies invest in diverse training solutions, including learning platforms, to deliver effective corporate training programs. Skill development is a key focus, with training strategies leveraging learning technologies and resources for optimal learning experiences. Training assessment and evaluation methods ensure impact on employee performance and organizational effectiveness. Talent acquisition, retention, and development are crucial, driving business growth through digital transformation and workforce planning. The future of work emphasizes continuous learning, lifelong learning, and knowledge economy, addressing skills gaps and embracing emerging technologies like digital literacy.

Market Research Overview

In the Corporate Training Market of the US, firms prioritize various inputs to deliver effective education services. These inputs encompass financial resources, skilled instructors, instructional materials, and advanced eLearning platforms, such as virtual classrooms. Pitching and profiling operations are crucial, as they enable firms to comprehend clients' business needs and tailor offerings, including online learning, leadership development, compliance training, soft skills training, and professional development, to deliver superior value propositions. Simultaneously, resourcing and communicating operations streamline workflows, ensuring efficient project management, resource planning, and effective client engagement, ultimately enhancing the likelihood of positive value perceptions and client satisfaction.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/