The Asia-Pacific corporate training market was valued at $83,898.64
million in 2019 and is projected to reach $137,615.13 million by 2030,
registering a CAGR of 9.12% from 2021 to 2030.
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Corporate training is a method to improve the skill sets including work
performance, productivity, efficiency, and others of an employee. There are
different training methods offered for the development of corporate employees,
which include virtual and face-to-face training method. It helps employees to
enhance their skill sets such as communications, negotiation skills,
leadership skills, technical skills, and others. Use of gamification,
micro-learning and wearable devices are some of the major trends in the
corporate training market.
The report describes competitive landscape of major market players to boost
their shares and remain competitive in the industry. The study includes
Porter's five forces model and PESTEL analysis to understand the competitive
scenario of the industry. The study covers the top investment pockets for
investor to capitalize in the approaching time. These analysis frameworks are
benchmarked on the basis of their relative market share, CAGR, and market
attractiveness. The competition section of the report provides comprehensive
assessment on company offering financials, business strategies, and
developments. The section further contains data on country-wise penetration of
local companies in the market along with their relative market share
regionally.
COVID-19 Impact Analysis
The COVID-19 pandemic led to an enormous impact on people' lifestyle as well
as economy. The report offers an overview of the micro and macro economic
impacts of the pandemic on the market. The report further exhibits the market
size and share with impact of COVID-19. Furthermore, it provides an overview
on the impact the pandemic had on the supply chain and other aspects of the
Asia-pacific corporate training market. The reduced number of covid patients,
owing to safety majors taken by governments and vaccination campaigns to curb
the spread of coronavirus are also expected to impact on the global
Asia-pacific corporate training market. The report, therefore, also highlights
the major market strategies designed and adopted by players to confront the
challenges created by the global health crisis. The report provides an
overview of both the post-COVID-19 as well as pre-COVID-19 impact analyses.
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As per the the global corporate training market analysis, the corporate
training market segments is categorized on the basis of training method,
training program, industry, and region. By training method, the corporate
training market is classified into virtual and face-to-face. By training
program, it is divided into technical training, soft skills training, quality
training, compliance training and others.
By industry, it is segmented into FMCG/retail, pharmaceutical and
healthcare, financial services, professional services, public enterprises,
information technology, and other industries. Region-wise, the corporate
training market is analyzed across North America, Europe, Asia-Pacific, and
LAMEA.
As per the corporate training market trends, the virtual segment is expected
to witness a significant growth during the corporate training market forecast
period, owing to benefits associated with the virtual training method, which
includes decreasing the training cost by mitigating the trainees' travel &
lodging expenses, provides flexibility for training schedule, enhances the
motivation of trainees and others.
The key players operating in the global corporate training industry include
Bizlibrary, GP Strategies Corporation, Franklin Covey Co., City & Guilds
Group, D2L Corporation, Cornerstone Ondemand Inc., Wilson Learning Worldwide
Inc., Allen Communications Learning Services, Simplilearn Solutions, and Skill
Soft.
Key findings of the study
By training method, the face-to-face segment accounted for the highest
corporate training market share in 2019, growing at a CAGR of 13.9% from
2021 to 2030.
By training program, the technical training segment accounted for the
highest market share in 2019, growing at a CAGR of 6.9% from 2021 to 2030.
By industry, the pharmaceutical and healthcare segment accounted for the
highest market share in 2019, growing at a CAGR of 6.6% from 2021 to 2030.
By region, North America occupied maximum share in the corporate training
market in 2019 and is expected to grow at a CAGR of 7.0% from 2021 to 2030.
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