US Corporate Training Market and US Corporate Training Industry: Ken Research

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Changing the working style and increasing the use of technology will drive the employee training demand. Companies will shift from the traditional classroom training to the digital training set-up which will enable businesses to operate efficiently while ensuring employee safety.

As more than 70% of businesses in the United States are working from home in response to the novel coronavirus, classroom training scheduled in the month of June has been either postponed or are canceled. Does this mean employers are going to pause the re-skilling process?

Currently, there are unprecedented economic challenges that have dampened the overall business environment. Companies are experiencing falling consumer demand and are losing an excessive amount of money. Various companies are also expected to resort to downsizing to compensate for the loss. As a part of business cost-cutting, companies are also expected to slacken their training expenditure.

usa-corporate-training-market

However, companies cannot completely stop the process of employee skilling and up-skilling. The increasing digitalization of business operation and growing need to adapt to the remote workstyle will lead to a requirement of both unit-level up-skilling as well as organization-wide transformational training. As a part of the company’s COVID response strategy, there will be an increase in demand for technical as well as non-technical training such as teaching remote-working skills, remote-management skills, leadership skills in a time of crisis and others.

Online training will come to the rescue of businesses to help them revive from the situation and also to maintain social-distancing protocols that will ensure safety. However, the online training process is highly dependent on technology which will compel companies to resort to outsourcing the training to ensure efficient training delivery. Enterprises can also leverage on the train the trainer services to prepare managers. Companies will be also looking to explore different digital learning methodologies such as virtual learning, social learning, mobile learning, and microlearning platforms.

According to the report by Ken Research titled USA Corporate Training Market Outlook to 2025- Driven by Growing Skill Gap due to Increasing Use of Technology and Introduction of Online Training Methodologies the online training demand will value more than USD 40 billion by 2025. Companies will be looking for the development of customised training strategies in sync to its COVID response strategy to enable employees to adapt and evolve from the crises.

Key Segments Covered: –

By End User Industry

BFSI

IT and Telecom

Healthcare

Automotive

Manufacturing

By Training Services

Technical

Leadership

Managerial

Sales

Customer Support

By Delivery Mode

Classroom Training

Blended Training

Virtual Training

Online Training (No Instructor)

By Organizational Size

Large Companies (+1000 Employees)

Medium Companies (500-1000 Employees)

Small Companies (0-500 Employees)

By Designation

Managerial

Non-Managerial

Integrated

By Deployment

On-Site

Off-Site

By Training Type

Customized

Open

Companies Covered:

GP Strategies

Franklin Covey

NIIT

Learning Tree International

Global Knowledge

Pluralsight

Centre for Creative Leadership

Skillsoft

Udemy

Udacity

Coursera

Simplilearn

Key Target Audience

Corporate Training Companies

Education Platforms

Corporate Training Aggregators

Corporate Organizations

Management Consultants

Corporate Trainers

MHRD

Education Associations

Time Period Captured in the Report: –

Historical Period: 2014–2019

Forecast Period: 2020-2025

Key Topics Covered in the Report: –

US Online Corporate Training Market

US Corporate Training Industry Research Report

US Managerial Corporate Training Market

Top Blended Service Providers in USA

Employee Training in Automotive Industry US

US Corporate Training in Telecom Industry

US Employee Training Industry

US Ed-Tech Market Growth

US Corporate E-Learning Industry

Training industry in the U.S

Corporate Training Companies in U.S

Education Platforms in the USA

Managed Employee Training Services US

Corporate Training in America

US Corporate Training Market Major Players

For More Information on the Research Report, refer to below links: –

US Corporate Training Industry Growth

Related Reports by Ken Research: –

India Corporate Training Market Outlook to 2025 driven by Introduction of Experimental Training, Greater Use of Artificial Intelligence and Increase in Government Initiatives to Boost Training

India Ed-Tech Driven Career Programs Market Outlook to 2025 – Increasing Technological Capabilities of Ed-Tech Companies to Increase Program Enrolments and Spend in Future

Australia Executive Education Market Outlook to 2024 –Driven by Rising Popularity of Online Education and Launch of Innovative Programs

Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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