The corporate training market share in Latin America is expected to post an incremental growth of USD 2.95 billion, accelerating at a CAGR of 7.86% during the forecast period. The market is fragmented and the vendors are deploying growth strategies such as technological innovations to compete in the market. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
Corporate Training Market Analysis in Latin America: View the FREE Sample Report
One of the primary factors that will trigger the corporate training market growth in Latin America is the increased need for employee skill enhancement. In addition, the emergence of gamification in corporate training is one of the major corporate training market trends in Latin America which will positively influence market growth. However, the factors such as the lack of standardization and efficiency metrics to measure the effectiveness of training programs will challenge the growth of the market vendors.
This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth.
The market is fragmented due to the presence of several players. Articulate Global Inc., City & Guilds Group, D2L Corp., Franklin Covey Co., GP Strategies Corp., Interaction Associates Inc., Learning Technologies Group Plc, Miller Heiman Group Inc., Skillsoft Ltd., and Wilson Learning Worldwide Inc. are some of the major corporate training market vendors in Latin America.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Corporate Training Market In Latin America: Market Segmentation
The Corporate Training Market in Latin America is segmented as below:
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