Mar 29, 2023

News provided by Share this article Share this article NEW YORK, March 29, 2023 /PRNewswire/ -- The size of the corporate training market in Europe is estimated to grow by USD 11.79 billion from 2021 to 2026. The growth momentum of the market will accelerate at a CAGR of 7.31%, according to Technavio. The market growth will be driven by various factors, including digitization of learning materials, growth of enterprises, and the emergence of cost-effective e-learning training modules. Advances in technology have resulted in the adoption of cloud-based services such as corporate training and CMS. Online platforms enable employees to take part in training programs effectively to boost productivity. By using these platforms, employees can save their time and money in reskilling themselves, unlike conventional training sessions that are more time-consuming. These factors will facilitate market growth during the forecast period. To learn more about the corporate training market share in Europe, request a sample report Corporate training market in Europe - Key challenges Technical constraints in implementing corporate training Lack of effective metrics Increasing competition from the unorganized sector Corporate training market in Europe – Segmentation analysis The market is segmented by product (technical course and non-technical course) and geography (Western Europe, Nordic Countries, Southern Europe, and Central and Eastern Europe). The technical course segment will account for a significant share of the market growth during the forecast period. Technical courses provide training on the fundamental aspects of applications, technology, service tactics, and sales. The technical skills of employees directly impact their productivity. They need to stay updated on the latest technologies to improve their career prospects. The demand for technical courses from the automotive, oil and gas, and manufacturing sectors in Europe is high. These factors are expected to boost the demand for technical training in Europe during the forecast period. Corporate training market in Europe – Vendor insights - This report offers information about more than 15 vendors, including Adobe Inc., Articulate Global Inc., Blanchard Training and Development Inc., BTS Group AB, Cegos Group, Cisco Systems Inc., City and Guilds Group, D2L Corp., DEMOS Group, Development Dimensions International Inc., Franklin Covey Co., John Wiley and Sons Inc., Korn Ferry, Learning Technologies Group Plc, Mind Gym Plc, NIIT Ltd., Richardson Sales Performance, Simplilearn Solutions Pvt. Ltd., and Skillsoft Ltd., among others The growing competition in the market is compelling vendors to adopt various growth strategies such as collaborations, partnerships, and mergers and acquisitions. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including: Adobe Inc. - The company offers corporate training by job roles, such as Content Author, System Architect, and System Administrator. Articulate Global Inc. - The company offers corporate training through its digital learning platform named Articulate 360. Cisco Systems Inc. - The company offers corporate training such as Cisco Digital Learning and Training Bootcamps. City and Guilds Group - The company offers corporate training, such as Totara Learn, Totara Perform, and Totara Engage, through its subsidiary KINEO. D2L Corp. - The company offers a learning platform named D2L Brightspace, designed for corporate learning. The report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects. Why Buy? What are the key data covered in this report? CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the corporate training market in Europe between 2022 and 2026 Precise estimation of the size of the corporate training market in Europe and its contribution to the parent market Accurate predictions about upcoming trends and changes in consumer behavior A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of vendors Gain instant access to 17,000+ market research reports. Related Reports: The corporate leadership training market size is expected to increase by USD 18.59 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.51%. This corporate leadership training market research report extensively covers corporate leadership training market segmentation by application (online training, ILT, and blended training) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The corporate blended learning market is estimated to grow at a CAGR of 12.68% between 2022 and 2027, and the size of the market is forecasted to increase by USD 36,284.86 million. The report also covers market segmentation by type (systems, content, courses, and solutions), end-user (automotive industry, BFSI sector, consumer goods industry, energy industry, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Corporate Training Market Scope in Europe Report Coverage Exhibit 27: Data Table on Comparison by Product 5.3 Technical course - Market size and forecast 2021-2026 Exhibit 28: Chart on Technical course - Market size and forecast 2021-2026 ($ billion) Exhibit 29: Data Table on Technical course - Market size and forecast 2021-2026 ($ billion) Exhibit 30: Chart on Technical course - Year-over-year growth 2021-2026 (%) Exhibit 31: Data Table on Technical course - Year-over-year growth 2021-2026 (%) 5.4 Non-technical course - Market size and forecast 2021-2026 Exhibit 32: Chart on Non-technical course - Market size and forecast 2021-2026 ($ billion) Exhibit 33: Data Table on Non-technical course - Market size and forecast 2021-2026 ($ billion) Exhibit 34: Chart on Non-technical course - Year-over-year growth 2021-2026 (%) Exhibit 35: Data Table on Non-technical course - Year-over-year growth 2021-2026 (%) 5.5 Market opportunity by Product Exhibit 36: Market opportunity by Product ($ billion) 6 Customer Landscape Exhibit 41: Data Table on Geographic comparison 7.3 Western Europe - Market size and forecast 2021-2026 Exhibit 42: Chart on Western Europe - Market size and forecast 2021-2026 ($ billion) Exhibit 43: Data Table on Western Europe - Market size and forecast 2021-2026 ($ billion) Exhibit 44: Chart on Western Europe - Year-over-year growth 2021-2026 (%) Exhibit 45: Data Table on Western Europe - Year-over-year growth 2021-2026 (%) 7.4 Nordic Countries - Market size and forecast 2021-2026 Exhibit 46: Chart on Nordic Countries - Market size and forecast 2021-2026 ($ billion) Exhibit 47: Data Table on Nordic Countries - Market size and forecast 2021-2026 ($ billion) Exhibit 48: Chart on Nordic Countries - Year-over-year growth 2021-2026 (%) Exhibit 49: Data Table on Nordic Countries - Year-over-year growth 2021-2026 (%) 7.5 Southern Europe - Market size and forecast 2021-2026 Exhibit 50: Chart on Southern Europe - Market size and forecast 2021-2026 ($ billion) Exhibit 51: Data Table on Southern Europe - Market size and forecast 2021-2026 ($ billion) Exhibit 52: Chart on Southern Europe - Year-over-year growth 2021-2026 (%) Exhibit 53: Data Table on Southern Europe - Year-over-year growth 2021-2026 (%) 7.6 Central and Eastern Europe - Market size and forecast 2021-2026 Exhibit 54: Chart on Central and Eastern Europe - Market size and forecast 2021-2026 ($ billion) Exhibit 55: Data Table on Central and Eastern Europe - Market size and forecast 2021-2026 ($ billion) Exhibit 56: Chart on Central and Eastern Europe - Year-over-year growth 2021-2026 (%) Exhibit 57: Data Table on Central and Eastern Europe - Year-over-year growth 2021-2026 (%) 7.7 Market opportunity by geography Exhibit 58: Market opportunity by geography ($ billion) 8 Drivers, Challenges, and Trends 8.1 Market drivers About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact