Gurugram, India, March 14, 2022 (GLOBE NEWSWIRE) -- Changing working style and increasing 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 United States are working from home in response to the novel coronavirus, classroom trainings schedule in the month of June have been either postponed or are cancelled. Does this mean employers are going to pause the re-skilling process?
Currently, there are unprecedented economic challenges which have dampened the overall business environment. Companies are experiencing falling consumer demand and are losing 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.
However, companies cannot completely stop the process of employee skilling and up-skilling. Increasing digitalisation of business operation and growing need to adapt to the remote workstyle will lead to requirement of both unit-level up-skilling as well as organisation wide transformational training. As a part of the company's COVID response strategy there will be increase in demand of technical as well as non-technical training such as teaching remote-working skills, remote-management skills, leadership skills in time of crisis and others.
Online training will come to the rescue of business to help them revive from the situation and also to maintain social-distancing protocols that will ensure safety. However 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 micro learning platforms.
According to the report by Ken Research titled "US 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 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:-
- Current Pain Points of Companies Leading to Development of Corporate Training Industry
- Target Addressable Audience
- Supply Ecosystem and Competition Parameters
- Demand Scenario
- Technological Stack
- Revenue Streams
- Marketing Strategies
- Challenges Faced by Corporate Training Companies
- Porter Five Force Analysis
- Emerging Business Strategies
- Best Practises in Business
- USA Corporate Training Market
- US Employee Training Industry
- US Online Corporate Training Market
- US Ed-Tech Market
- USA Corporate E-Learning Market
- USA Employee Blended Training
- USA Mobile Corporate Learning
- USA Customized Corporate Training
- USA Managed Employee Training Services
- USA Employee Training in Healthcare
- USA Employee Training in BFSI
- USA Employee Training in Automotive
- USA Training IT Industry
- USA Training in Telecom Industry
- USA Employee Education Market
- USA Experimental Employee Training
- USA Virtual Employee Training
- Franklin Covey Enterprise Training
- Udemy Enterprise Clients
- US Corporate Training Online Aggregators
- USA Digital Corporate Training
- Udacity American Clients
- Corporate Training in America
- Corporate Training Mobile Application
- Pluralsight Business Strategy
- Coursera Corporate Training
- US Employee Skill-Gap
- Effect of COVID-19 Corporate Training
- Coronavirus Effect Corporate Training
For More Information on the research report, click on the below link:-
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