The Global Corporate Training Market is being driven by the increasing working population combined with increasing disparity of skills and “new economy” jobs. Some roles simply never existed before – but have been born out of technology or other corporate or industrial expansions. The online training market is being driven by innovations in mobile technology and online video.
Training and Learning are the foundation of many traditional, as well as new industries.
The Global Corporate Training Market was valued at USD 367.6 billion during the year 2018 and is poised to grow by USD 52.7 billion during 2020-2024, progressing at a CAGR of 10% during the forecast period.
Global Corporate Training market is impacted by urbanization in emerging economies, potential of digital platforms and AI, growing diversity in learning requirements at the workplace. Companies are focused on enhancing the skills of employees to drive revenue profits.
Whether formalized as “Continuing Education (CE)” or not, Corporate Training is an integral part of a successful organization’s discretionary budget. The primary objective of this training and learning is to reduce gaps in the capabilities of the workforce, both technical and non-technical, as well as to groom eligible employees to move up the company’s hierarchy. Intense competition has pushed organizations to diversify regionally and internationally, increasing the need for proper training and development of the workforce.
Grimes, McGovern’s client base offers corporate training programs and continuing education. More and more buyers are looking for training and learning assets to be include with media, events and other marketing services. Standalone training businesses may be valued even higher.
For further information and a free assessment of your training business, please contact:
John McGovern, CEO & Owner (212) 255-9700; JMcGovern@mediamergers.com
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