IT Training Market Size to grow by USD 12.93 billion between 2024-2028
According to a research report “ IT Training Market” by Service (Infrastructure, Development, Database, Security, Others) End-user (Corporate, Schools and colleges, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 12.93 billion, at a CAGR of 7.03% during the forecast period. In the dynamic IT training market, vendors are forging strategic partnerships and acquisitions to broaden their clientele and geographical reach. One notable example is IBM's acquisition of Turbonomic, an ARM and NPM software provider based in Boston, MA, announced in April 2021. This deal empowers businesses with complete stack application observability and management, enabling them to optimize resources, including containers, virtual machines, servers, storage, networks, and databases, using AI. IBM can now assess and manage application performance more dynamically and efficiently, anywhere in the stack..
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By Service, the Infrastructure segment is projected to dominate the market size in 2024
The IT infrastructure segment of the global market encompasses the construction, maintenance, and governance of an enterprise's IT infrastructure, focusing on networking and cloud computing. IT infrastructure management involves managing operational components, which consist of IT systems, equipment, corporate policies, and business processes. This function can be categorized into network management, storage management, and systems management. The primary drivers for IT infrastructure training include enhancing operational efficiency, eliminating work redundancy, ensuring adherence to standards, fostering adaptability, and promoting interoperability. Additionally, training in this domain covers desktop and server infrastructure fundamentals, server administration, networking, and cloud computing essentials.
By End-user, Corporate segment is expected to hold the largest market size for the year 2024
The corporate sector is the primary driver of growth in the global IT training market, with a significant focus on programming language instruction for employees. Traditionally, this training was delivered either in-house or at training institutions. However, the current business landscape favors blended learning, which combines online and offline components. This approach, consisting of 30%-70% online learning, is gaining popularity due to its flexibility and cost-effectiveness. Another significant contributor to the market's expansion is the increasing adoption of Big Data software such as R and Scala, necessitating specialized training for professionals.
North America is forecasted to hold the largest market size by region in 2024
The IT training market in North America is currently leading the global landscape, driven by the region's pioneering adoption of advanced technologies. Major tech companies, including Apple, headquartered in North America, are continually pushing the boundaries of innovation to maintain a competitive edge. The region's robust network infrastructure supports the integration of emerging technologies like AI and blockchain, increasing the demand for skilled professionals. In response, enterprises invest substantially in employee training to enhance operational efficiency, resulting in significant expenditure on IT training for both corporations and individuals.
The IT Training Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The IT training market is experiencing significant growth as technological innovations continue to shape the information technology (IT) industry. IT professionals are in high demand across various IT domains, including system administration, networking, computer hardware, data analytics, artificial intelligence (AI), and machine learning (ML). To meet this demand, training providers offer both in-person classes and virtual training options. Virtual classrooms have become increasingly popular, allowing professionals to upskill from anywhere in the world. Training programs cover a wide range of IT applications and systems, from AI and ML to data analytics and IT systems. Strategic collaborations between training providers and industry leaders ensure that training remains relevant and effective. In-person classes offer hands-on experience and personal interaction, while virtual training options provide flexibility and convenience. Regardless of the delivery method, the focus is on skill development and staying current with the latest IT trends. With the rapid pace of technological advancements, ongoing training is essential for IT professionals to remain competitive in their fields. In conclusion, the IT training market is thriving, offering professionals various options to upskill and stay current with the latest IT trends, including virtual training options, in-person classes, and training programs in various IT domains, such as system administration, networking, computer hardware, data analytics, AI, and ML.
Market Research Overview
The IT training market is experiencing significant growth as the finance industry and various other sectors recognize the importance of lifelong learning in the ever-evolving digital landscape. IT professionals are in high demand for their expertise in systems, networks, cybersecurity skills, and soft skills such as secure coding and ethical hacking. Training providers offer a range of IT training programs, including data analysis, deep learning, machine learning, cloud computing workshops, data science training, and coding bootcamps. These programs enable job transitions and upskilling for the workforce, with certifications and online training programs providing flexibility and accessibility. Virtual training options, including webinars and virtual classrooms, have become increasingly popular, especially during the pandemic. In-person classes continue to offer valuable hands-on experience, while e-learning platforms provide a convenient and cost-effective solution for IT professionals seeking to learn new skills. The IT training market also covers IT domains such as artificial intelligence, system administration, networking, computer hardware, information technology, blockchain, project management, database administration, data modeling, big data analytics, compliance, risk management, threat detection, network security, information security, and cyber threats. Strategic collaborations between organizations and training providers offer innovative training formats, such as workshops and online courses, to help IT professionals stay ahead of technological innovations in their respective fields. The focus on upskilling and reskilling the IT workforce is crucial for organizations to remain competitive and adapt to the changing digital landscape.
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